GFOA Exam CPFO Topic 2 Question 106 Discussion

Actual exam question for GFOA's CPFO exam

Question #: 106
Topic #: 2

[All CPFO Questions]

Managerial accounting helps officials measure the cost-effectiveness of operations by:

Aforecasting future revenue needs.

Bcontrolling expenses under budgetary law.

Ccombining financial and non-financial data.

Ddemonstrating compliance with applicable laws and regulations.

Show Suggested Answer

Suggested Answer: D

by Johana at Jan 25, 2025, 04:12 AM

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Lewis

3 months ago

If only managerial accounting could measure the cost-effectiveness of my bad puns. Then I'd be a real business genius!

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Delila

1 months ago

C) combining financial and non-financial data.

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Alaine

1 months ago

B) controlling expenses under budgetary law.

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Emile

2 months ago

C) combining financial and non-financial data.

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Kristin

2 months ago

A) forecasting future revenue needs.

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Cathrine

2 months ago

B) controlling expenses under budgetary law.

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Elliott

2 months ago

A) forecasting future revenue needs.

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Berry

3 months ago

I was leaning towards C, but now I'm second-guessing myself. Maybe D is the way to go - showing compliance could be a way to measure cost-effectiveness. Hmm, tough call.

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Dawne

3 months ago

Definitely C. Managerial accounting is all about using data to make informed decisions, not just about compliance or forecasting.

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Vi

1 months ago

Exactly, managerial accounting helps officials make informed decisions based on a variety of data.

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Lashandra

1 months ago

It's not just about following laws or predicting revenue, it's about analyzing all types of information.

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Jesusa

1 months ago

Combining financial and non-financial data is crucial for measuring cost-effectiveness.

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Nu

1 months ago

I agree, C is the correct answer. Managerial accounting is about using all types of data to make decisions.

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Chantell

3 months ago

I'm not sure, but I think D) demonstrating compliance with applicable laws and regulations is also important for measuring cost-effectiveness.

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Robt

3 months ago

B seems like a reasonable answer, but it's more about controlling expenses than measuring cost-effectiveness. I'm going with C.

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Teddy

2 months ago

I agree, C seems like the better choice for measuring cost-effectiveness.

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Letha

2 months ago

I think B is more about controlling expenses, while C is about combining financial and non-financial data.

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Aide

3 months ago

I agree with Stephen, because combining financial and non-financial data can provide a more comprehensive view of cost-effectiveness.

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Makeda

3 months ago

I think C is the correct answer. Managerial accounting combines financial and non-financial data to measure the cost-effectiveness of operations.

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Staci

2 months ago

Definitely, it allows for better decision-making and planning.

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Linwood

2 months ago

It's important to have a comprehensive view of both financial and non-financial data.

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Candra

2 months ago

That's true, it helps officials measure the cost-effectiveness of operations.

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Twana

3 months ago

I agree, C is the correct answer. Managerial accounting combines financial and non-financial data.

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Stephen

4 months ago

I think the answer is C) combining financial and non-financial data.

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