Certified Government Financial Manager (CGFM) (CGFM) - AGA Actual Exam Questions
Last updated on April 11, 2026
Performance measures that relate program inputs to program outcomes are called
efficiency measures.
process measures.
cost-effectiveness measures.
activity measures.
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The Prompt Payment Act requires federal agencies to pay
invoices immediately when received.
interest when an invoice is paid late.
invoices no later than 60 days after receipt of the invoice.
interest on intragovernmental invoices.
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Pay.gov is an example of
a zero-balance account.
a concentration system.
an electronic lockbox.
a data warehouse system.
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Performance measurement assists management in
identifying weaknesses in disaster response preparedness.
tracking actual results against targets.
determining allocation of capital appropriations.
monitoring performance of certified professionals in regulatory fields.
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Compliance reporting, under government auditing standards, identifies all of the following components EXCEPT
areas of noncompliance.
the auditor's responsibility for tests of compliance.
review of major internal control cycles.
the scope of the compliance testing.
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