Free GFOA Certified Public Finance Officer CPFO Exam Questions

In issuing bonds, Governments usually take following steps EXCEPT:

This exhibit shows that management should give thoughts to its coding system. A coding system structure with too many accounts is redundant but a too-abbreviated system does not sufficiently permit cost performance evaluation. Minimally organizations should budget by:

With a beginning departmental appropriation of $200,000, the water department orders $20,000 in chemicals. The actual invoice upon delivery is $18500. What is the available balance?

____________ are in anticipation of improved market conditions in which to issue longterm debt. It typically matures within 15-45 days.

The financial adviser gives advice regarding the financial feasibility of a bond. Thus, the financial adviser's fee should not be contingent on a bond's sale because of:

The objective of financial and non-financial performance measures is to:

Assume that the bank's monthly costs are $12,250, the 30-day Treasury bill rate is 10.4%, and the bank is subject to a 15% reserve requirement. What is the MCB (Minimum compensating balance)?

GAAP requires that the fees for enterprise fund services like water, sewer, and electricity offset costs. As a policy decision, governing board members choose among four water and sewer rate structures. Those are all EXCEPT:

Which of the following is not included in general guidelines for a diversified investment portfolio?

''Don't risk a lot for a little.'' This principle should be followed during:

To issue bonds, a government depends on many specialists including:

The local car dealer in town can provide the 10 new cars the city needs at cost of $150,000. If local preferences were given, what would the preference margin (PM) be, assuming the dealer pays $50,000 in local property and sales taxes and that the total sales by the dealer are $2,000,000?

Internal controls are the primary responsibility of:

Risks are not assumed should, if possible, be transferred either by a ______________.

The internal control structure is designed to assist managers in: