Examination 3: Governmental Financial Management and Control (GFMC)
Last Update 4 days ago
Total Questions : 115
Dive into our fully updated and stable GFMC practice test platform, featuring all the latest Government Financial Manager exam questions added this week. Our preparation tool is more than just a AGA study aid; it's a strategic advantage.
Our Government Financial Manager practice questions crafted to reflect the domains and difficulty of the actual exam. The detailed rationales explain the 'why' behind each answer, reinforcing key concepts about GFMC. Use this test to pinpoint which areas you need to focus your study on.
In the context of audit risk, which type of risk is primarily influenced by the effectiveness of an organization's internal
controls?
An employee is set to receive a lumpsum payment of $500,000 in ten years. The agency uses an opportunity rate of 12% for its investments. If inflation is 3%, how much must the agency invest today to cover the future lumpsum payment?
The National Performance Management Advisory Commission established a comprehensive framework that
incorporates performance measurement into the
An agency uses pavement rating scores as a key indicator for a street maintenance program. If the legislature provided the agency with
an additional $5 millionjthe new resources should be allocated based upon
Entity management's appointment of a senior official to ensure the resolution of audit recommendations is a
demonstration of management's
A capital asset transferred to another department within the same government should be
A material weakness in internal control over financial reporting is defined as a deficiency that
TESTED 01 Dec 2025
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