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GFOA Certified Public Finance Officer Exam Questions

Exam Name: Certified Public Finance Officer
Exam Code: Certified Public Finance Officer
Related Certification(s): GFOA Certified Public Finance Officers Certification
Certification Provider: GFOA
Actual Exam Duration: 90 Minutes
Number of Certified Public Finance Officer practice questions in our database: 203 (updated: Jul. 16, 2024)
Expected Certified Public Finance Officer Exam Topics, as suggested by GFOA :
  • Topic 1: Understanding of Financial Statements and Accounting/ Approaches to Budget Process
  • Topic 2: Developing employee compensation and benefits policies/ Variables Used to Determine Compensation
  • Topic 3: Governmental and Business-type activities/ Measurement focus and basis of accounting
  • Topic 4: Primary Market Disclosure/ Financing Instruments and Techniques
  • Topic 5: Sections of a comprehensive annual financial report/ Management and Auditor responsibilities
  • Topic 6: Assessing near-term financial position/ Communicating Benefits to Employees
  • Topic 7: Link Between Budget Monitoring and Procurement/ Public Private Partnership/ Procurement Policy Manual
  • Topic 8: Budget Implications and Payroll/ Project and Grant Costing and Allocation
  • Topic 9: Treasury and Investement Management/ Banking and Merchant Services/ Benchmarking and Reporting
  • Topic 10: Budget Projections and Analysis/ Fiscal Impact Analysis / Cost Benefit Analysis/ Priority Setting / Goal Definition
  • Topic 11: Local Government Law and Compliance/ Liability Insurance/ Business Continuity/Disaster Recovery
  • Topic 12: Accounting and Financial Reporting/ Government-wide financial statements
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Darell

14 days ago
Just passed the CPFO exam! One tricky area was governmental fund accounting. Be ready for questions on reconciling modified accrual to full accrual basis. Study the conversion process thoroughly. Thanks to Pass4Success for the spot-on practice questions that really helped me prepare quickly!
upvoted 0 times
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Basilia

20 days ago
I recently passed the GFOA Certified Public Finance Officer exam with the help of Pass4Success practice questions. The exam covered topics such as understanding financial statements and accounting, as well as developing employee compensation and benefits policies. One question that stood out to me was related to the variables used to determine compensation. Despite being unsure of the answer, I was able to pass the exam.
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Free GFOA Certified Public Finance Officer Exam Actual Questions

Note: Premium Questions for Certified Public Finance Officer were last updated On Jul. 16, 2024 (see below)

Question #1

The auditor(s) should:

I- Adequately plan the work and properly supervise assistants

II- Properly study internal accounting controls to determine their reliability

These points are the part of

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Correct Answer: B

Question #2

Which of the following opinions is not expressed by auditors as to whether financial statements are expressed fairly in all material respects with respect to generally accepted accounting principles?

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Correct Answer: D

Question #3

The auditor(s) should:

I- Adequately plan the work and properly supervise assistants

II- Properly study internal accounting controls to determine their reliability

These points are the part of

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Correct Answer: B

Question #4

Which of the following danger sign/s help to detect Auditors' fraud?

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Correct Answer: D

Question #5

Which of the following is not included in long-term credit products offered by banks?

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Correct Answer: C

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