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GFOA CPFO Exam - Topic 4 Question 97 Discussion

Actual exam question for GFOA's CPFO exam
Question #: 97
Topic #: 4
[All CPFO Questions]

The National Committee on Municipal Accounting (NCMA), sponsored by the Municipal Finance Officers Association (later Government Finance Association [GFOA]), published in what is called, for obvious reasons, the ''Blue Book.'' The third Blue book was titled as:

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Suggested Answer: A

by Hyun at Sep 19, 2024, 05:08 PM

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Luisa
3 months ago
Nope, it's not "None of these," that's for sure!
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Jesusa
3 months ago
Wait, is that really the title? Sounds too formal.
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Leonor
3 months ago
I thought it was "Blue book III" for a second!
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Carmelina
4 months ago
Totally agree, that’s the one!
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Terina
4 months ago
It's definitely "Governmental Accounting, Auditing, and Financial Reporting."
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Buck
4 months ago
I’m leaning towards option A, but I vaguely remember something about federal accounting too. It’s confusing!
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Beatriz
4 months ago
I feel like "Blue Book III" could be a trick answer, but I can't recall the specific title.
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Eleonora
4 months ago
I remember practicing a question about the Blue Book, and I think it was definitely about auditing and financial reporting.
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William
5 months ago
I think the third Blue Book is related to governmental accounting, but I'm not entirely sure if it's the exact title.
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Larae
5 months ago
Okay, let me break this down. The question is asking about the title of the third Blue Book, published by the NCMA. I'll eliminate the options that don't seem relevant.
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Ernie
5 months ago
Hmm, I'm a bit unsure about this one. I'll need to carefully read through the options and think it through step-by-step.
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Crista
5 months ago
This question seems straightforward, I'm pretty confident I can identify the correct title of the third Blue Book.
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Lorean
5 months ago
The key details here are the NCMA, the Blue Book, and the title of the third edition. I think if I focus on those, I should be able to select the right answer.
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Leigha
5 months ago
I believe applying safety lead time according to the target service level might mitigate some of the risks, but I'm not completely confident in that choice.
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Denae
9 months ago
As an accountant, I feel obligated to say A. But as a human, 'Blue Book III' just cracks me up.
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Reid
10 months ago
Federal accounting? In a book about municipal accounting? I don't think so, D is just silly.
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Elenora
8 months ago
Let's go with A) Governmental Accounting, Auditing, and Financial Reporting.
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Dwight
8 months ago
I agree, D does seem silly. It must be A or C.
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Annice
8 months ago
C) Blue book III
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Doretha
8 months ago
A) Governmental Accounting, Auditing, and Financial Reporting
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Sharika
10 months ago
Haha, 'Blue Book III'? What is this, a car manual? Definitely A.
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Hester
9 months ago
B) Federal Accounting and Financial Reporting
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Laila
9 months ago
Haha, 'Blue Book III'? What is this, a car manual? Definitely A.
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Corrie
9 months ago
A) Governmental Accounting, Auditing, and Financial Reporting
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Fredric
10 months ago
I'm gonna go with A as well. The Blue Book is the go-to resource for GAAP in the public sector.
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Tawna
10 months ago
Yes, that's correct. The Blue Book is definitely a key resource for GAAP in the public sector.
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Joaquin
10 months ago
I think the answer is A) Governmental Accounting, Auditing, and Financial Reporting.
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Harris
11 months ago
I'm not sure, but I think it's C) Blue book III.
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Maxima
11 months ago
A seems like the obvious choice here. The Blue Book is known for its guidance on governmental accounting and reporting.
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Mirta
9 months ago
D is incorrect. The Blue Book is focused on governmental accounting.
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Kiley
9 months ago
D) None of these
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Cheryll
9 months ago
Definitely not C. It's about governmental accounting, not just a generic title.
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Ula
9 months ago
C) Blue book III
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Lettie
10 months ago
No, it's not B. The Blue Book is specifically for governmental accounting.
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Josephine
10 months ago
B) Federal Accounting and Financial Reporting
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Alease
10 months ago
I agree, A is the correct answer.
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Amos
10 months ago
A) Governmental Accounting, Auditing, and Financial Reporting
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Salena
11 months ago
I agree with Dahlia, the Blue Book III is about Governmental Accounting.
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Dahlia
11 months ago
I think the answer is A) Governmental Accounting, Auditing, and Financial Reporting.
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