GFOA Certified Public Finance Officer CPFO Exam Practice Test

A formal estimate of the resources a government or government unit plans to expend in a given period is a:

Which of the following is not included in long-term credit products offered by banks?

The risk manager compiles:

Small local governments and nonprofits use a third accounting basis, the cash basis, unapproved by GAAP. Cash accounting is used because ____________ accounting, though more accurate, is more complex and costly.

Commercial banks issue ______________ which give local governments the money to refinance or refund debt at a lower interest rate.

There are same budget reserves for all types of budgets (Federal, State and Local).

A state legislature wants to determine if the non-profit agency that received revenue from personalized license plates fees used the money appropriately. To make this assessment the legislature should request: