GFOA Certified Public Finance Officer CPFO Exam Questions

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Total 203 questions
Question 1

FASB (Financial Accounting Standards Board) is a ____________ organization and controlled and supported by a ______________, Financial Accounting Foundation.



Answer : B


Question 2

A program accountability study can be used to determine all of the following EXCEPT:



Answer : D


Question 3

Percentage of personnel, percentage of expense and the federal method are the methods of cost allocation commonly used in:



Answer : B


Question 4

Ideally, the risk manager would have academic training, but most learn on the job. Opportunities for training and professional recognition include:



Answer : D


Question 5

A way to transfer risks is by joining a pool. Pools like those offered by leagues of municipalities and associations of country commissioners provide an array of services, including:



Answer : D


Question 6

If a building originally valued at $160,000 appreciates to $300,000 and is insured by an 80% coinsurance clause, then 80% of the value ($320,000) must be insured. If the building is still insured at only $160,000 and a $100,000 loss occurs, the loss would be:



Answer : A


Question 7

In the collection of cash receipts, for a fee, organizations can engage a bank to provide a lock-box service. Lockboxes may be:



Answer : D


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Total 203 questions