2025 100% Free CGFM–Updated 100% Free Test Price | Latest CGFM Exam Fee

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Improve your professional ability with our CGFM certification. Getting qualified by the certification will position you for better job opportunities and higher salary. Now, let's start your preparation with CGFM exam training guide. Our CGFM practice pdf offered by VCEPrep is the latest and valid which suitable for all of you. The free demo is especially for you to free download for try before you buy. You can get a lot from the CGFM simulate exam dumps and get your CGFM certification easily.

The Association of Government Accountants (AGA) is responsible for the design and development of the CGFM Certification program. The AGA is a national association and provides educational opportunities and professional networking to government accountants. Since its inception, the AGA has established CGFM as the standard of excellence for the government's financial managers.

AGA CGFM certification is designed to enhance the skills and knowledge of government financial managers, enabling them to make more informed decisions and achieve better financial results. Certified Government Financial Manager (CGFM) certification offers a comprehensive understanding of the evolving role of government financial management as well as a clear understanding of the ethical considerations associated with managing government finances.

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The Certified Government Financial Manager (CGFM) program is a professional designation offered by the Association of Government Accountants (AGA). The program is designed to recognize individuals who have demonstrated their proficiency in the field of government financial management. The CGFM program is open to anyone who is interested in pursuing a career in government financial management, including financial managers, accountants, auditors, budget analysts, and other professionals who work in government finance.

AGA Certified Government Financial Manager (CGFM) Sample Questions (Q61-Q66):

NEW QUESTION # 61
The first step in investment management is to

A. develop an investment policy manual.
B. establish criteria for divesting.
C. ensure all employees understand their investment options.
D. develop a consensus among managers of the investment objectives.

Answer: D

Explanation:
Investment Management Basics:The first step in investment management is establishing theobjectivesof the investment program. This requires consensus among key stakeholders, such as managers, on what the investment goals are (e.g., risk tolerance, return expectations, liquidity needs).
* Without clear objectives, subsequent steps like developing policies or selecting investments cannot be effectively carried out.
Why Consensus Is Important:
* Investment objectives must align with the organization's mission, risk tolerance, and financial goals.
* Consensus ensures that all managers are on the same page before developing specific strategies or policies.
Why Other Options Are Incorrect:
* A. Ensure employees understand their investment options:Employee understanding is not the first step; it comes later when the investment strategy is implemented.
* C. Develop an investment policy manual:This happens after the objectives have been established.
* D. Establish criteria for divesting:Divestment criteria are part of the investment policy and are determined later.
References and Documents:
* GAO Financial Management Guide:Highlights setting objectives as the first step in investment management.
* COSO Framework for Investment Risk Management:Stresses the importance of aligning objectives before policy development.

NEW QUESTION # 62
Percentage of personnel, percentage of expense and the federal method are the methods of cost allocation commonly used in:

A. Governmental Organizations
B. Local Government accounting
C. Federal organizations
D. Non-profit Organizations

Answer: D

NEW QUESTION # 63
Risks are not assumed should, if possible, be transferred either by a .

A. Hold-harmless contract clause
B. Both of these
C. Waiver of subrogation
D. None of these

Answer: B

NEW QUESTION # 64
Which of the following is not included in principal investment strategies?

A. Yield curve anticipation
B. Interest Rate anticipation
C. Sector Allocation
D. None of these

Answer: D

NEW QUESTION # 65
Management's need for real-time access to data is facilitated when

A. data supporting dashboards are updated every quarter.
B. complex data sets are available on demand, presented with minimal distractions.
C. the prior year's financial statement data underlies the management reports used to decide on future expenditures.
D. data is represented visually and includes information that indirectly relates to the subject matter.

Answer: B

Explanation:
Why Does Management Need Real-Time Data Access?
* Real-time access to data enables managers to make timely and informed decisions.
* Complex data setspresented clearly and concisely (with minimal distractions) allow decision-makers to focus on the critical insights necessary for strategic and operational planning.
Why Is Option D Correct?
* On-demand access ensures managers can retrieve updated data whenever needed. Presenting the data in a focused and distraction-free format facilitates quick comprehension and decision-making.
Why Other Options Are Incorrect:
* A. Visual representation with indirect information:Including unrelated data can overwhelm users and detract from effective decision-making.
* B. Dashboards updated quarterly:Quarterly updates do not meet the need for real-time access.
* C. Prior year's financial data:Decisions based solely on historical data are not responsive to real-time needs.
References and Documents:
* GAO Data Analytics and Visualization Framework:Stresses the importance of real-time, actionable, and distraction-free data for decision-making.
* AICPA Dashboard Guidelines:Recommends presenting complex data sets in a clear and accessible format for management use.

NEW QUESTION # 66
......

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2025 100% Free CGFM–Updated 100% Free Test Price | Latest CGFM Exam Fee

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AGA Certified Government Financial Manager (CGFM) Sample Questions (Q61-Q66):

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