VERIFIED CGFM ANSWERS | VALID CGFM TEST SIMULATOR

Verified CGFM Answers | Valid CGFM Test Simulator

Verified CGFM Answers | Valid CGFM Test Simulator

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As we all know it is not easy to obtain the AGA CGFM certification, and especially for those who cannot make full use of their sporadic time. But you are lucky, we can provide you with well-rounded services on AGA CGFM Practice Braindumps to help you improve ability.

The CGFM certification program is designed to provide professionals with the knowledge and skills they need to excel in government financial management. Certified Government Financial Manager (CGFM) certification exam covers three key areas: governmental environment, governmental accounting, financial reporting, and budgeting, and financial management and control. Professionals who earn the CGFM Certification have demonstrated their proficiency in these areas, which are critical to the efficient and effective operation of government financial management.

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Valid CGFM Test Simulator - CGFM Exam Preview

The up-to-date AGA CGFM exam answers will save you from wasting much time and energy in the exam preparation. The content of our AGA CGFM Dumps Torrent covers the key points of exam, which will improve your ability to solve the difficulties of AGA CGFM real questions.

AGA Certified Government Financial Manager (CGFM) Sample Questions (Q89-Q94):

NEW QUESTION # 89
Which of the following acts requires federal agencies to pay interest to state government funds for entitlements that are not provided in a timely manner?

  • A. Debt Collection Improvement Act
  • B. Cash Management Improvement Act
  • C. Accountability for Tax Dollars Act
  • D. CFO Act

Answer: B

Explanation:
What Does the Cash Management Improvement Act (CMIA) Do?
* CMIA governs the transfer of federal funds to state governments and ensures timely and efficient use of these funds.
* If federal agencies fail to provide funds for entitlements (e.g., Medicaid) in a timely manner, CMIA requires them to payinterestto state governments for the delays.
* This ensures states are compensated for any financial burden caused by delayed federal transfers.
Why Other Options Are Incorrect:
* A. Debt Collection Improvement Act:Focuses on improving debt collection practices for the federal government, not entitlements or interest payments to states.
* B. CFO Act:Improves federal financial management but does not address payment timeliness or interest.
* C. Accountability for Tax Dollars Act:Expands audit requirements but does not involve compensation for delays.
References and Documents:
* CMIA (1990):Requires federal agencies to pay interest on late entitlement payments to states.
* Treasury Financial Manual:Details CMIA interest payment provisions.


NEW QUESTION # 90
A city buys a T-bill with a face value of $10,000 for $9,800. The bill matures in 91 days. What is the yield?

  • A. 8.007%
  • B. 8.07%
  • C. 8.70%
  • D. 87.07%

Answer: B


NEW QUESTION # 91
Revenue bonds are a liability limited to the pledged revenue. The issuer is thus not obligated to repay the debt.

  • A. General fund revenues
  • B. Levy taxes
  • C. None of these
  • D. Both of these

Answer: D


NEW QUESTION # 92
If a government or nonprofit annually collects $ 2 million, what is the per occurrence deductibles?

  • A. 2,300
  • B. None of these
  • C. 2,000
  • D. 2,200

Answer: C


NEW QUESTION # 93
According to the AGA Code of Ethics, a government agency contract manager using a vendor as a personal reference would constitute:

  • A. a conflict of interest.
  • B. nepotism.
  • C. professional incompetence.
  • D. fraud.

Answer: A


NEW QUESTION # 94
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