[2022年02月24日]CGFMPDFで最近更新された問題です集試験点数を伸ばそう
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AGA CGFM 認定試験の出題範囲：
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質問 17
The local car dealer in town can provide the 10 new cars the city needs at cost of $150,000. If local preferences were given, what would the preference margin (PM) be, assuming the dealer pays $50,000 in local property and sales taxes and that the total sales by the dealer are $2,000,000?
- A. $325 per vehicle
- B. $375 per vehicle
- C. $370 per vehicle
- D. $380 per vehicle
正解: B
質問 18
Non-reciprocal interfund activities include interfund transfers of assets (e.g. cash, or goods) without repayment and .
- A. Cost Allocation
- B. Both A&B
- C. Interfund exchange
- D. Interfund reimbursement
正解: D
質問 19
States require that:
- A. Local units adopt balanced budgets but are silent about year-end balances
- B. Strategic planners first conduct SWOT analysis
- C. The Governor makes across-the-Board cuts
- D. None of there
正解: A
解説:
Explanation/Reference:
質問 20
A city has an EMF of 0.80. Its premium at 1.0 would have been $10,000. Therefore, its actual premium is:
- A. $800
- B. $8000
- C. $8800
- D. None of these
正解: B
質問 21
The financial adviser gives advice regarding the financial feasibility of a bond. Thus, the financial adviser's fee should not be contingent on a bond's sale because of:
- A. Unavailability of large local units
- B. The potential conflict of interest
- C. The nonequilibrium of market prices
- D. None of these
正解: B
質問 22
The indenture includes all these covenants that protect the beholder EXCEPT:
- A. Rate covenant
- B. Debt service reserve covenant
- C. Flow of funds covenant
- D. none of these
正解: D
質問 23
In claim management, insurance policies should specify what should be reported, including the nature of the alleged wrongful act, the alleged damages, and the names of claimants. Which of the following steps is included in this?
- A. Express concern for the individual, but not offer to pay any damages
- B. Record the names, addresses, and phone numbers of all involved in the incident.
- C. All of these
- D. Take snapshots of the area, if possible
正解: C
質問 24
have no donor-imposed restrictions as compared to permanently
restricted assets (include endowments and assets such as land and artwork) that are restricted as long as the organization as the organization has custody of them.
- A. There are no assets
- B. Unrestricted assets
- C. Temporarily rusticated assets
- D. Net Assets
正解: B
質問 25
At the federal level, financial auditing is conducted by two organization conducts an annual financial audit
- A. Financial auditor
- B. Inspectors general
- C. Auditing auditor
- D. Dealer
正解: B
質問 26
To decide whether to issue bond publicly or privately
- A. A cost comparison should be made
- B. An international research on that issue should be done
- C. A demo issue should be done
- D. None of these
正解: A
質問 27
GAAP do not specify how much fund balance to set aside, but the_ recommends that local governments maintain a reserve of (1) 5% to 15% of general fund reserves or (2) at least 1-2 months general fund operating expenditures.
- A. State bank
- B. GFUA (Government Finance officers Association)
- C. All of there
- D. Federal reserves Board
正解: B
質問 28
Which of the following is not included in principal investment strategies?
- A. None of these
- B. Interest Rate anticipation
- C. Sector Allocation
- D. Yield curve anticipation
正解: A
質問 29
The federal government requires non-profit and privet firms to make
assumption regarding future interest rates, wage increases, inflation and the like.
- A. Both A&B
- B. Implicit, one understated by another
- C. Explicit
- D. None of these
正解: A
質問 30
To issue bonds, a government depends on many specialists including:
- A. All of these
- B. Bond counsel
- C. Consulting engineer
- D. Financial adviser
正解: A
質問 31
Assume an invoice with credit terms of 2%/10, net30. The interest charge is 2% of $1000, or $20; the principal is $980; and the days of principal borrowed are the 20 days of credit. What is the interest rate offered if the discount is taken?
- A. 37.35%
- B. 37.33%
- C. 37%
- D. 37.23%
正解: D
質問 32
Which of the following is not included in long-term credit products offered by banks?
- A. A line of credit
- B. Long-term capital lease agreements
- C. Bonds agreements
- D. None of these
正解: A
質問 33
"Don't risk a lot for a little." This principle should be followed during:
- A. Small and infrequent losses
- B. Using insurance deductibles
- C. Assumption of risk
- D. Charging losses
正解: C
質問 34
A method used to assess accountability of state agencies includes:
- A. program evaluation.
- B. an ordinance compliance audit.
- C. a bond rating review.
- D. judicial review.
正解: A
質問 35
Which one of the following options is NOT the part of major steps in Property tax cycle procedure?
- A. Asset taxable Value
- B. Appraisal
- C. Recommendations
- D. Collection
正解: C
質問 36
Which of the following opinions is not expressed by auditors as to whether financial statements are expressed fairly in all material respects with respect to generally accepted accounting principles?
- A. Unqualified opinion
- B. Reversal opinion
- C. Qualified opinion
- D. Disclaimer
正解: B
質問 37
Small local governments in states not requiring a financial audit may choose:
- A. Review or Member's audit
- B. Any of these
- C. A compilation
- D. Agreed-upon procedures D.
正解: B
質問 38
GASB has responsibility for:
- A. researching and developing accounting and reporting principles for state and local governments.
- B. ensuring that federal and state governments implement FASB standards.
- C. ensuring that FASB standards are implemented by state and local governments.
- D. developing standards for federal and state governments.
正解: A
質問 39
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