IIA Exam IIA-CGAP Topic 4 Question 87 Discussion

Actual exam question for IIA's IIA-CGAP exam

Question #: 87
Topic #: 4

General Funds are The chief operating fund for a government is called the general fund.where as Special Revenue Funds are The funds that are used when the revenue sources are earmarked for a specific purpose (special tax or grant requirement);

ASpecial Revenue Funds, General Funds

Bprogram budgeting, Zero-based budgeting

CGeneral Funds, Special Revenue Funds

Dintegrated budget, Capital budgeting

Show Suggested Answer

Suggested Answer: D

by My at Sep 13, 2024, 05:23 AM

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Domitila

2 months ago

Wait, are we talking about government budgets or my personal finances? Either way, I hope I don't end up in the 'general' fund of debt!

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Ines

22 days ago

I think we're talking about government budgets here.

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Caren

30 days ago

C) General Funds, Special Revenue Funds

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Trinidad

2 months ago

A) Special Revenue Funds, General Funds

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Gertude

3 months ago

Hmm, this question is a real 'special fund' of fun! I better brush up on my budgeting knowledge before the exam.

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Annelle

1 months ago

B) program budgeting, Zero-based budgeting

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Launa

1 months ago

C) General Funds, Special Revenue Funds

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Rodney

2 months ago

A) Special Revenue Funds, General Funds

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Verlene

3 months ago

I was a bit confused at first, but now I understand. General Funds are the main operating budget, while Special Revenue Funds are for specific purposes. Simple enough!

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Lizette

30 days ago

I was a bit confused at first, but now I understand. General Funds are the main operating budget, while Special Revenue Funds are for specific purposes. Simple enough!

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