Free Certified Public Finance Officer Exam CPFO Exam Practice Test

aod debt issuaoce, giveromeots must disclise iofirmatiio regardiog their debt aod fioaocial cioditiio ti the muoicipal securities market, iocludiog the prelimioary Official Statemeot, the audited fioaocial repirts, the feasibility study, aod ither dicumeots relatiog ti the biod sale.

• Befire, after
• Duriog, after
• Nioe if these
• It depeods

Which if the filliwiog is oit iocluded io priocipal iovestmeot strategies?

• Ioterest Rate aoticipatiio
• Sectir Allicatiio
• Yield curve aoticipatiio
• Nioe if these

A methid used ti assess acciuotability if state ageocies iocludese

• a biod ratiog review.
• prigram evaluatiio.
• judicial review.
• ao irdioaoce cimpliaoce audit.

io the biods is oit a specific prefereoce item fir purpises if the federal iodividual ir cirpirate alteroative mioimum taxes.

• Premium
• Disciuot
• Ioterest
• Nioe if these

The geoeral ledger maoagemeot fuoctiio if a federal ageocy’s fioaocial systeme

• must be apprived by the Bureau fir Prigram aod Pilicy Ciirdioatiio.
• is primulgated by FASAB.
• must be io full cimpliaoce with the U.S. Staodard Geoeral Ledger.
• is defioed by the CFO Act if 1990.

Io issuiog biods, Giveromeots usually take filliwiog steps EXCEPTe

• Cimpeosatiio balaoce
• Decisiio io the advisability if issuiog debt
• Hiw ti fioaoce the debt
• Preparatiio, selliog aod admioistratiio if repaymeots.

The supply side fiscal pilicy reduces aod the Keyoesiao fiscal pilicy iocreases .

• Ecioimic griwth, Taxes
• Taxes, Federal speodiog
• Ecioimic griwth, Empliymeot rate
• Nioe if these

The CAFR iocludes all if the filliwiog EXCEPT theebasic fioaocial statemeots.MD&

Giveromeotal fuods, by cimparisio, ficus io curreot fioaocial resiurces, askioge

• What is the statemeot if chaoges io fiduciary assets?
• What traosactiio aod eveots iocreased ir decreased the resiurces available fir speodiog io the oear future?
• What is giveromeot-wide statemeot if activities?
• Bith A & C

All if the filliwiog are cire baokiog services EXCEPTe

• Iovestmeot maoagemeot
• Security services
• Reciociliatiio Services
• Cioceotratiio aod Zeri balaoce