AGA CGFM Exam - Topic 1 Question 46 Discussion

Actual exam question for AGA's CGFM exam

Question #: 46
Topic #: 1

[All CGFM Questions]

What is the most fupdamental cash control?

Asegregation of duties

Buse of automated systems

Canalysis of cash reports

Dfrequent reconciliation of bank accounts

Show Suggested Answer

Suggested Answer: A

by Nelida at May 10, 2024, 08:18 AM

Limited Time Offer

25%

Off

Get Premium CGFM Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Toi

7 months ago

I disagree, I’d say A is the foundation for all cash controls.

upvoted 0 times

...

Glory

8 months ago

D is crucial, but I’m surprised it’s not more emphasized!

upvoted 0 times

...

Merilyn

8 months ago

C is useful, but it’s not the most fundamental.

upvoted 0 times

...

Karl

8 months ago

I think B is more important with tech these days.

upvoted 0 times

...

Thersa

8 months ago

Definitely A, segregation of duties is key!

upvoted 0 times

...

Crista

9 months ago

I have a feeling that analyzing cash reports is crucial, but I can't shake the thought that segregation of duties might be the answer.

upvoted 0 times

...

Edmond

9 months ago

Automated systems seem like they could help, but I feel like they might not be the core principle we're looking for here.

upvoted 0 times

...

Deangelo

9 months ago

I remember practicing a question about cash controls, and I think frequent reconciliation of bank accounts was emphasized as a key practice.

upvoted 0 times

...

Brigette

9 months ago

I think segregation of duties is really important for cash control, but I'm not entirely sure if it's the most fundamental.

upvoted 0 times

...

Ariel

9 months ago

Frequent reconciliation of bank accounts - that's got to be the most important cash control, right? I'm pretty confident that's the right answer.

upvoted 0 times

...

Pamella

9 months ago

Hmm, I'm a bit unsure about this one. I know cash control is important, but I'm not sure which of these options is considered the most fundamental. I'll have to think it through.

upvoted 0 times

...

Leonie

9 months ago

This seems like a straightforward question about cash control. I'll start by carefully reading through the options and thinking about which one is the most fundamental.

upvoted 0 times

...

Mozelle

9 months ago

Segregation of duties is definitely a key cash control, but I'm not sure if it's the most fundamental one. I'll have to weigh the options carefully.

upvoted 0 times

...

Mary

9 months ago

This looks like a straightforward question about the definition of a series of menus that provide access to textual information. I think the answer is B, Hyper-text based tool.

upvoted 0 times

...

Lauran

9 months ago

Okay, let me think this through. I know there's a way to see the changes that have been made, but I can't quite remember the specific feature. I'll have to dig through the Excel menus to find it.

upvoted 0 times

...

Darnell

10 months ago

Wait, what's the difference between authenticity and integrity? I always get those two mixed up. I better make sure I understand the distinction before answering this question.

upvoted 0 times

...

Lashonda

1 year ago

Segregation of duties is the way to go! Gotta keep those finance folks on their toes, am I right?

upvoted 0 times

Kimberlie

1 year ago

Using automated systems can also help streamline processes and improve efficiency.

upvoted 0 times

...

Avery

1 year ago

I agree, it helps ensure accountability and reduces the risk of errors.

upvoted 0 times

...

Jeanice

1 year ago

Segregation of duties is definitely important to prevent fraud.

upvoted 0 times

...

Darrin

1 year ago

Analysis of cash reports? Nah, I just stick to counting the pennies in my piggy bank.

upvoted 0 times

Twila

1 year ago

D) frequent reconciliation of bank accounts

upvoted 0 times

...

Cassi

1 year ago

C) analysis of cash reports

upvoted 0 times

...

Earleen

1 year ago

B) use of automated systems

upvoted 0 times

...

Emmett

1 year ago

A) segregation of duties

upvoted 0 times

...

Annamaria

1 year ago

I prefer using automated systems for cash control.

upvoted 0 times

...

Felicidad

1 year ago

D) frequent reconciliation of bank accounts

upvoted 0 times

...

Tracey

1 year ago

C) analysis of cash reports

upvoted 0 times

...

Josue

1 year ago

B) use of automated systems

upvoted 0 times

...

Alverta

1 year ago

A) segregation of duties

upvoted 0 times

...

Antonio

1 year ago

Just stick to counting the pennies in my piggy bank.

upvoted 0 times

...

Tommy

1 year ago

D) frequent reconciliation of bank accounts

upvoted 0 times

...

Ezekiel

1 year ago

C) analysis of cash reports

upvoted 0 times

...

Dannette

1 year ago

B) use of automated systems

upvoted 0 times

...

Lucy

1 year ago

A) segregation of duties

upvoted 0 times

...

Mohammad

1 year ago

Automated systems? Psh, who needs those when you've got a trusty abacus and a magnifying glass?

upvoted 0 times

Harrison

1 year ago

A) segregation of duties

upvoted 0 times

...

Filiberto

1 year ago

Who needs automated systems when you have an abacus and a magnifying glass?

upvoted 0 times

...

Joanne

1 year ago

D) frequent reconciliation of bank accounts

upvoted 0 times

...

Candra

1 year ago

C) analysis of cash reports

upvoted 0 times

...

Paulene

1 year ago

B) use of automated systems

upvoted 0 times

...

Christiane

1 year ago

A) segregation of duties

upvoted 0 times

...

Jeff

1 year ago

Frequent reconciliation of bank accounts is a must. It's like a financial health check-up for your business.

upvoted 0 times

Stefany

1 year ago

D) frequent reconciliation of bank accounts

upvoted 0 times

...

Emiko

1 year ago

C) analysis of cash reports

upvoted 0 times

...

Lemuel

1 year ago

B) use of automated systems

upvoted 0 times

...

Lauran

1 year ago

A) segregation of duties

upvoted 0 times

...

Nan

1 year ago

Segregation of duties is the backbone of cash control. Keeps those greedy fingers away from the cookie jar!

upvoted 0 times

Coral

1 year ago

D) frequent reconciliation of bank accounts

upvoted 0 times

...

Lezlie

1 year ago

A) segregation of duties

upvoted 0 times

...

Tiffiny

1 year ago

I believe frequent reconciliation of bank accounts is also important to ensure accuracy.

upvoted 0 times

...

Shenika

1 year ago

I agree with Pamella. Segregation of duties helps prevent fraud and errors.

upvoted 0 times

...

Pamella

1 year ago

I think the most fundamental cash control is segregation of duties.

upvoted 0 times

...