GFOA Exam CPFO Topic 2 Question 106 Discussion

Actual exam question for GFOA's CPFO exam

Question #: 106
Topic #: 2

[All CPFO Questions]

Managerial accounting helps officials measure the cost-effectiveness of operations by:

Aforecasting future revenue needs.

Bcontrolling expenses under budgetary law.

Ccombining financial and non-financial data.

Ddemonstrating compliance with applicable laws and regulations.

Show Suggested Answer

Suggested Answer: D

by Johana at Jan 25, 2025, 04:12 AM

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4 days ago

Definitely C. Managerial accounting is all about using data to make informed decisions, not just about compliance or forecasting.

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10 days ago

I'm not sure, but I think D) demonstrating compliance with applicable laws and regulations is also important for measuring cost-effectiveness.

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10 days ago

B seems like a reasonable answer, but it's more about controlling expenses than measuring cost-effectiveness. I'm going with C.

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13 days ago

I agree with Stephen, because combining financial and non-financial data can provide a more comprehensive view of cost-effectiveness.

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16 days ago

I think C is the correct answer. Managerial accounting combines financial and non-financial data to measure the cost-effectiveness of operations.

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24 days ago

I think the answer is C) combining financial and non-financial data.

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