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AGA CGFM Exam - Topic 2 Question 64 Discussion

Actual exam question for AGA's CGFM exam
Question #: 64
Topic #: 2
[All CGFM Questions]

The best source for annual liability and cash flow data is a state's

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Suggested Answer: D

by Brice at Jan 12, 2025, 06:24 PM

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Wilburn
6 months ago
Statement of activities is more for performance, not cash flow.
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Art
6 months ago
Wait, are we sure ACFR is the best? Seems off.
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Santos
6 months ago
Appropriations bill is key for budget insights!
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Miriam
7 months ago
I thought it was PAR, but ACFR makes sense too.
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Buck
7 months ago
Definitely ACFR for that info!
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Quinn
7 months ago
I think the statement of activities shows revenues and expenses, but I’m leaning towards the ACFR for the overall financial picture.
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Leatha
7 months ago
I feel like the appropriations bill could provide some insight, but it’s not really a comprehensive source for annual liabilities.
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Tom
7 months ago
I remember studying that the PAR is more focused on performance, so it might not be the best source for cash flow data.
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Marica
8 months ago
I think the ACFR might be the right choice since it includes comprehensive financial data, but I'm not entirely sure.
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Cassie
8 months ago
Hmm, I'm a bit confused by this question. I'm not super familiar with the different government financial reports, so I'm not sure which one would be the best source for this data. I might have to make an educated guess on this one.
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Josphine
8 months ago
Okay, let me see. The question is asking about the best source for this data, so I need to consider the different options. PAR, ACFR, and appropriations bill all sound like they could be relevant, but I'm leaning towards the ACFR since it's a comprehensive annual report. I'll go with option B.
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Christiane
8 months ago
Hmm, I'm not totally sure about this one. I know the ACFR contains detailed financial information, but I'm not certain if it's the best source for annual liability and cash flow data specifically. I might need to think this through a bit more.
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Augustine
8 months ago
This seems like a straightforward question about government financial reporting. I think the ACFR (Comprehensive Annual Financial Report) is the best source for this type of data, so I'll go with option B.
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Bernardine
1 year ago
I was thinking C) appropriations bill, but now I'm having second thoughts. The ACFR is definitely the most reliable source. *laughs* Unless your state's accountants are as creative as their politicians!
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Haydee
11 months ago
Haha, true! Can't always trust those politicians to be honest.
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Herminia
11 months ago
Definitely, the ACFR provides accurate data.
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Carmen
11 months ago
Yeah, I agree. It's more reliable than the appropriations bill.
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Thurman
1 year ago
I think ACFR is the way to go.
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Halina
1 year ago
Hmm, I was leaning towards D) statement of activities, but you make a good point. The ACFR is probably the best place to find this data.
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Winfred
1 year ago
Yeah, I agree. ACFR is probably the most reliable option.
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Mira
1 year ago
I think ACFR is the best source for that data.
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Leeann
1 year ago
I agree, the ACFR is the most comprehensive source for this kind of information. I'm surprised the other options are even included as choices.
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Malcom
1 year ago
B) ACFR seems to be the right answer here. The Comprehensive Annual Financial Report (CAFR) or ACFR should contain all the financial data we need.
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Cammy
1 year ago
I'm not sure, but C) appropriations bill could also be a good source.
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Moon
1 year ago
I agree with Ligia, statement of activities provides detailed information.
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Ligia
1 year ago
I think the best source is D) statement of activities.
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