Cgfm Study guides, Class notes & Summaries
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CGFM TEST 3 exam 2022/2023 with 100% correct answers
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Three Broad Government Spending Purposes 
1) Current Operations 
2) Capital Outlays 
3) Debt Service 
 
 
 
Present Value Analysis - Three Components 
Determines what $$ Rec'd in Future is Worth Today 
 
1) inflation component - year over year loss in value 
2) enterprise component - inherent risk 
3) unique component - 
 
 
 
Budget Accounting and Procedures Act of 1950 
Requires the head of each federal agency to establish and maintain I/C's. 
 
 
 
Federal Managers Financial Integrity Act o...
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CGFM EXAM 2 2022/2023 with 100% correct answers
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Non-Spendable Fund Balance 
Assets not in spendable form-Inventories and prepaid items, principal of a permanent fund which may not be spent, and assets held for sale and long-term receivables. Examples: Supplies, inventory, membership fees 
 
 
 
Restricted Fund Balance 
Subject to constraints imposed by external parties or law. Debt covenants (such as a requirement for a sinking fund) or constraints imposed by legislation or federal and state agencies, creditors, contributors or granting agenc...
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CGFM BUNDLED EXAMS 2 2022/2023 with 100% correct answers
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CGFM EXAM 2 2022/2023 with 100% correct answers
CGFM Exam 3 - Financial Management Functions exam 2022/2023
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CGFM EXAM 2 Study questions with correct answers
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Non-Spendable Fund Balance CORRECT ANSWER Assets not in spendable form-Inventories and prepaid items, principal of a permanent fund which may not be spent, and assets held for sale and long-term receivables. Examples: Supplies, inventory, membership fees 
 
Restricted Fund Balance CORRECT ANSWER Subject to constraints imposed by external parties or law. Debt covenants (such as a requirement for a sinking fund) or constraints imposed by legislation or federal and state agencies, creditors, contri...
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CGFM - Exam 1: Government Environment | 249 Questions And Answers
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CGFM - Exam 1: Government Environment | 249 Questions And Answers
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CGFM EXAM 3 2022 NEW PRACTICE SOLUTION GRDED A CORRECT ANSWERS
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CGFM EXAM 3 2022 NEW PRACTICE SOLUTION GRDED A CORRECT ANSWERS
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CGFM Exam 2 | CGFM Exam 2 (2024) Questions With 100% Solved Answers!
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CGFM Exam 2 | CGFM Exam 2 (2024) Questions With 100% Solved Answers!
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CGFM Exam 1 Complete Questions And Answers | 2024 Latest Quiz
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CGFM Exam 1 Complete Questions And Answers | 2024 Latest Quiz 
 
CGFM Exam 1 Complete Questions And Answers | 2024 Latest Quiz
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CGFM EXAM 1 2024 WITH 100% CORRECT ANSWERS
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CGFM EXAM 1 2024 WITH 100% CORRECT ANSWERS 
 
 
Federalism - correct answer Power is distributed among different levels of government, no one level has complete authority 
 
Sovereignty - correct answer National government cant be sued by states or citizens without its permission 
 
Popular Sovereignty - correct answer Citizens hold ultimate authority through the ballot; even a sovereign government is accountable to citizens 
 
Primary Purpose of Government - correct answer Provide services to i...
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CGFM TEST 3 Questions And Answers With Verified Study Solutions
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CGFM TEST 3 Questions And Answers With Verified Study Solutions 
 
CGFM TEST 3 Questions And Answers With Verified Study Solutions
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