GFOA Exam CPFO Topic 1 Question 88 Discussion

Actual exam question for GFOA's CPFO exam

Question #: 88
Topic #: 1

[All CPFO Questions]

Fund-level financial statements are prepared to present:

Aboth a short and long term perspective on governmental finances.

Binformation on financing activities.

Cinformation that is more narrowly focused than mandated by government standards.

Da detailed short term view of government services.

Show Suggested Answer

Suggested Answer: C

by Herman at May 23, 2024, 11:53 PM

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I'm pretty sure option B is the correct answer here. Fund-level financial statements focus on the financing activities of the government.

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8 days ago

I'm not sure, but I think it could also be B) information on financing activities, as that is important for transparency.

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10 days ago

I agree with Remona, fund-level financial statements should provide a comprehensive view of government finances.

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12 days ago

I think the answer is A) both a short and long term perspective on governmental finances.

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