AGA Exam CGFM Topic 2 Question 64 Discussion

Actual exam question for AGA's CGFM exam

Question #: 64
Topic #: 2

[All CGFM Questions]

The best source for annual liability and cash flow data is a state's

APAR.

BACFR.

Cappropriations bill.

Dstatement of activities.

Show Suggested Answer

Suggested Answer: D

by Brice at Jan 12, 2025, 06:24 PM

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Bernardine

2 days ago

I was thinking C) appropriations bill, but now I'm having second thoughts. The ACFR is definitely the most reliable source. *laughs* Unless your state's accountants are as creative as their politicians!

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Halina

9 days ago

Hmm, I was leaning towards D) statement of activities, but you make a good point. The ACFR is probably the best place to find this data.

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Leeann

10 days ago

I agree, the ACFR is the most comprehensive source for this kind of information. I'm surprised the other options are even included as choices.

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Malcom

12 days ago

B) ACFR seems to be the right answer here. The Comprehensive Annual Financial Report (CAFR) or ACFR should contain all the financial data we need.

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Cammy

14 days ago

I'm not sure, but C) appropriations bill could also be a good source.

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Moon

17 days ago

I agree with Ligia, statement of activities provides detailed information.

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Ligia

23 days ago

I think the best source is D) statement of activities.

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