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GFOA Certified Public Finance Officer Exam

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: May. 12, 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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Free GFOA Certified Public Finance Officer Exam Actual Questions

Note: Premium Questions for Certified Public Finance Officer were last updated On May. 12, 2024 (see below)

Question #1

The federal government requires non-profit and privet firms to make _______________ assumption regarding future interest rates, wage increases, inflation and the like.

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Correct Answer: C

Question #2

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 #3

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

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Correct Answer: C

Question #4

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 #5

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


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