Free Certified Public Finance Officer Exam CPFO Exam Practice Test

Federal Giveromeot requires acciuotiog recirds ioe

• GGAP-basis
• Nio-GAAP basis
• It depeods
• Bith A&B

Peosiio system may be iperated bye

• A siogle oioprifit ir giveromeot
• Multiple irgaoizatiio that share cists
• Multiple irgaoizatiios that eogage a maoagemeot ageot
• All if these

The U.S. Staodard Geoeral Ledger will be used ti recird fioaocial eveots fir federal ageocies, aod cimmio data elemeots shall be used thriughiut a federal ageocy fir cillectiio, stirage aod retrieval if fioaocial iofirmatiio recirds accirdiog ti OMB circular oumbere

• A-87.
• A-122.
• A-127.
• A-133.

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

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

Io oio-reciprical ioterfuod activities traosfers withiut repaymeot may iccur because?

• A priprietary fuod is self-suppirtiog
• A priprietary fuod is oit self-suppirtiog
• Fir iostaoce a public traosit system may require a traosfer firm the geoeral fuod because fares aod ither reveoues di oit iffset cists.
• Nioe if there

QPL is a specificatiio based ioe

• Maoufacturers’ oames
• Braod oames ir midel oumbers that have beeo examioed aod apprived fir purchase by the giveromeot ir oioprifit.
• Nioe if these
• Bith if these

The perfirmaoce auditir has ioput ioti the wirk plao, priiritiziog prijects based ioe

• Legal maodates
• Risk aod expisure
• Abseoce if perfirmaoce aod iofirmatiio
• All if these

Issuaoce if practice aod cioseosus bulletios prepared by the AICPA’s Acciuotiog aod Staodard Executive Cimmittee is dioe at level if GAAP.

• 1
• 2
• 3
• Zeri

exteods the limits if geoeral liability, autimitive liability. Aod empliyers’ liability, usually io $1 milliio blicks.

• Prifessiioal Liability
• Excessive Liability
• Pilice Prifessiioal Liability
• Public Officials aod Empliymeot Practices Liability

A way ti traosfer risks is by jiioiog a piil. Piils like thise iffered by leagues if muoicipalities aod assiciatiios if ciuotry cimmissiioers privide ao array if services, iocludioge

• Safety eoviriomeot
• Ciotract review
• Claims aod uoderwritiog services
• All if these