Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

AGA CGFM Exam - Topic 2 Question 64 Discussion

The best source for annual liability and cash flow data is a state's
D) statement of activities.
A) PAR.
B) ACFR.
C) appropriations bill.

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

Show Suggested Answer Hide Answer
Suggested Answer: D

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

Limited Time Offer

25%

Off

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

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Wilburn
7 months ago
Statement of activities is more for performance, not cash flow.
upvoted 0 times
...
Art
8 months ago
Wait, are we sure ACFR is the best? Seems off.
upvoted 0 times
...
Santos
8 months ago
Appropriations bill is key for budget insights!
upvoted 0 times
...
Miriam
8 months ago
I thought it was PAR, but ACFR makes sense too.
upvoted 0 times
...
Buck
8 months ago
Definitely ACFR for that info!
upvoted 0 times
...
Quinn
9 months ago
I think the statement of activities shows revenues and expenses, but I’m leaning towards the ACFR for the overall financial picture.
upvoted 0 times
...
Leatha
9 months ago
I feel like the appropriations bill could provide some insight, but it’s not really a comprehensive source for annual liabilities.
upvoted 0 times
...
Tom
9 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.
upvoted 0 times
...
Marica
9 months ago
I think the ACFR might be the right choice since it includes comprehensive financial data, but I'm not entirely sure.
upvoted 0 times
...
Cassie
9 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.
upvoted 0 times
...
Josphine
9 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.
upvoted 0 times
...
Christiane
9 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.
upvoted 0 times
...
Augustine
9 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.
upvoted 0 times
...
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!
upvoted 0 times
Haydee
1 year ago
Haha, true! Can't always trust those politicians to be honest.
upvoted 0 times
...
Herminia
1 year ago
Definitely, the ACFR provides accurate data.
upvoted 0 times
...
Carmen
1 year ago
Yeah, I agree. It's more reliable than the appropriations bill.
upvoted 0 times
...
Thurman
1 year ago
I think ACFR is the way to go.
upvoted 0 times
...
...
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.
upvoted 0 times
Winfred
1 year ago
Yeah, I agree. ACFR is probably the most reliable option.
upvoted 0 times
...
Mira
1 year ago
I think ACFR is the best source for that data.
upvoted 0 times
...
...
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.
upvoted 0 times
...
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.
upvoted 0 times
...
Cammy
1 year ago
I'm not sure, but C) appropriations bill could also be a good source.
upvoted 0 times
...
Moon
1 year ago
I agree with Ligia, statement of activities provides detailed information.
upvoted 0 times
...
Ligia
1 year ago
I think the best source is D) statement of activities.
upvoted 0 times
...

Save Cancel