Free AGA GAFRB Exam Questions
Absolute Free GAFRB Exam Practice for Comprehensive Preparation
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AGA GAFRB Exam Questions
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Provided By: AGA
- Exam: Exam 2 - Governmental Accounting, Financial Reporting and Budgeting
- Certification: Certified Government Financial Manager
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Total Questions: 116
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Updated On: Jul 23, 2026
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Rated: 4.9 |
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Online Users: 232
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Question 1
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Which of the following events is an example of an expenditure but not an expense?
Answer: C
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Which of the following events is an example of an expenditure but not an expense?
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Question 2
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Which of the following situations may cause contingent liabilities?
Answer: B
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Which of the following situations may cause contingent liabilities?
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Question 3
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Separate fund financial statements should be presented for
Answer: B
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Separate fund financial statements should be presented for
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Question 4
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Which type of cost is generally allowed for a grant under the OMB Uniform Guidance?
Answer: C
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Which type of cost is generally allowed for a grant under the OMB Uniform Guidance?
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Question 5
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In state and local financial audits, material weaknesses must be reported to the
Answer: B
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In state and local financial audits, material weaknesses must be reported to the