New Year Sale 2026! 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

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
3 months ago
Statement of activities is more for performance, not cash flow.
upvoted 0 times
...
Art
3 months ago
Wait, are we sure ACFR is the best? Seems off.
upvoted 0 times
...
Santos
3 months ago
Appropriations bill is key for budget insights!
upvoted 0 times
...
Miriam
4 months ago
I thought it was PAR, but ACFR makes sense too.
upvoted 0 times
...
Buck
4 months ago
Definitely ACFR for that info!
upvoted 0 times
...
Quinn
4 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
4 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
4 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
5 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
5 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
5 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
5 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
5 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
10 months 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
8 months ago
Haha, true! Can't always trust those politicians to be honest.
upvoted 0 times
...
Herminia
8 months ago
Definitely, the ACFR provides accurate data.
upvoted 0 times
...
Carmen
8 months ago
Yeah, I agree. It's more reliable than the appropriations bill.
upvoted 0 times
...
Thurman
9 months ago
I think ACFR is the way to go.
upvoted 0 times
...
...
Halina
10 months 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
10 months ago
Yeah, I agree. ACFR is probably the most reliable option.
upvoted 0 times
...
Mira
10 months ago
I think ACFR is the best source for that data.
upvoted 0 times
...
...
Leeann
10 months 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
10 months 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
11 months ago
I'm not sure, but C) appropriations bill could also be a good source.
upvoted 0 times
...
Moon
11 months ago
I agree with Ligia, statement of activities provides detailed information.
upvoted 0 times
...
Ligia
11 months ago
I think the best source is D) statement of activities.
upvoted 0 times
...

Save Cancel