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GFOA CPFO Exam - Topic 8 Question 125 Discussion

Because of the current financial measurement focus of the Governmental Funds, they do not report:
D) Either A or B
A) Capital Assets
B) Long-term debt
C) Cash equivalents

GFOA CPFO Exam - Topic 8 Question 125 Discussion

Actual exam question for GFOA's CPFO exam
Question #: 125
Topic #: 8
[All CPFO Questions]

Because of the current financial measurement focus of the Governmental Funds, they do not report:

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Suggested Answer: D

by Anglea at May 02, 2026, 07:24 PM

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Chantell
1 month ago
I’m a bit unsure, but I feel like cash equivalents are still reported. Isn’t that more about liquidity?
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Broderick
2 months ago
I remember a practice question that mentioned long-term debt not being reported in Governmental Funds. Could it be both A and B?
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Rasheeda
2 months ago
I think Governmental Funds focus on current financial resources, so they probably don’t report capital assets, right?
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