AGA Certified Government Financial Manager Exam Practice Test

If a reportable condition might result in a material misstatement of financial statements, then it must be noted as a:

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

Pension system may be operated by:

A city has an EMF of 0.80. Its premium at 1.0 would have been $10,000. Therefore, its actual premium is:

With respect to capital leas the cops, the rating analyst evaluates:

To decide whether to issue bond publicly or privately ______________

The government finance association recommends public sale, but under which of the following condition:

1. The issue has on uninsured credit rating of A or above

2. The issue is not so large that it cannot be absorbed by the market.

3. The issue is not so small as to attract too few investors

4. Interest rates are stable and market demand is strong

5. The market view the issue as warily complex or innovation.

6. The issue is backed by full faith and credit or by a strong revenue system.