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GFOA CPFO Exam - Topic 4 Question 97 Discussion

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:
A) Governmental Accounting, Auditing, and Financial Reporting
B) Federal Accounting and Financial Reporting
C) Blue book III
D) None of these

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
8 months ago
Nope, it's not "None of these," that's for sure!
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Jesusa
8 months ago
Wait, is that really the title? Sounds too formal.
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Leonor
9 months ago
I thought it was "Blue book III" for a second!
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Carmelina
9 months ago
Totally agree, that’s the one!
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Terina
9 months ago
It's definitely "Governmental Accounting, Auditing, and Financial Reporting."
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Buck
9 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
9 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
10 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
10 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
10 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
10 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
10 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
10 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
10 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
1 year 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
1 year ago
Federal accounting? In a book about municipal accounting? I don't think so, D is just silly.
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Elenora
1 year ago
Let's go with A) Governmental Accounting, Auditing, and Financial Reporting.
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Dwight
1 year ago
I agree, D does seem silly. It must be A or C.
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Annice
1 year ago
C) Blue book III
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Doretha
1 year ago
A) Governmental Accounting, Auditing, and Financial Reporting
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Sharika
1 year ago
Haha, 'Blue Book III'? What is this, a car manual? Definitely A.
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Hester
1 year ago
B) Federal Accounting and Financial Reporting
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Laila
1 year ago
Haha, 'Blue Book III'? What is this, a car manual? Definitely A.
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Corrie
1 year ago
A) Governmental Accounting, Auditing, and Financial Reporting
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Fredric
1 year 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
1 year ago
Yes, that's correct. The Blue Book is definitely a key resource for GAAP in the public sector.
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Joaquin
1 year ago
I think the answer is A) Governmental Accounting, Auditing, and Financial Reporting.
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Harris
1 year ago
I'm not sure, but I think it's C) Blue book III.
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Maxima
1 year 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
1 year ago
D is incorrect. The Blue Book is focused on governmental accounting.
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Kiley
1 year ago
D) None of these
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Cheryll
1 year ago
Definitely not C. It's about governmental accounting, not just a generic title.
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Ula
1 year ago
C) Blue book III
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Lettie
1 year ago
No, it's not B. The Blue Book is specifically for governmental accounting.
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Josephine
1 year ago
B) Federal Accounting and Financial Reporting
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Alease
1 year ago
I agree, A is the correct answer.
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Amos
1 year ago
A) Governmental Accounting, Auditing, and Financial Reporting
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Salena
1 year ago
I agree with Dahlia, the Blue Book III is about Governmental Accounting.
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Dahlia
1 year ago
I think the answer is A) Governmental Accounting, Auditing, and Financial Reporting.
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