GFOA Exam CPFO Topic 4 Question 97 Discussion

Actual exam question for GFOA's CPFO exam

Question #: 97
Topic #: 4

[All CPFO Questions]

The National Committee on Municipal Accounting (NCMA), sponsored by the Municipal Finance Officers Association (later Government Finance Association [GFOA]), published in what is called, for obvious reasons, the ''Blue Book.'' The third Blue book was titled as:

AGovernmental Accounting, Auditing, and Financial Reporting

BFederal Accounting and Financial Reporting

CBlue book III

DNone of these

Show Suggested Answer

Suggested Answer: A

by Hyun at Sep 19, 2024, 05:08 PM

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Denae

1 months ago

As an accountant, I feel obligated to say A. But as a human, 'Blue Book III' just cracks me up.

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Reid

1 months ago

Federal accounting? In a book about municipal accounting? I don't think so, D is just silly.

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Dwight

I agree, D does seem silly. It must be A or C.

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Annice

2 days ago

C) Blue book III

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Doretha

5 days ago

A) Governmental Accounting, Auditing, and Financial Reporting

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Sharika

2 months ago

Haha, 'Blue Book III'? What is this, a car manual? Definitely A.

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Hester

12 days ago

B) Federal Accounting and Financial Reporting

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Laila

14 days ago

Haha, 'Blue Book III'? What is this, a car manual? Definitely A.

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Corrie

1 months ago

A) Governmental Accounting, Auditing, and Financial Reporting

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Fredric

2 months ago

I'm gonna go with A as well. The Blue Book is the go-to resource for GAAP in the public sector.

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Tawna

1 months ago

Yes, that's correct. The Blue Book is definitely a key resource for GAAP in the public sector.

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Joaquin

2 months ago

I think the answer is A) Governmental Accounting, Auditing, and Financial Reporting.

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Harris

2 months ago

I'm not sure, but I think it's C) Blue book III.

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Maxima

2 months ago

A seems like the obvious choice here. The Blue Book is known for its guidance on governmental accounting and reporting.

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Mirta

14 days ago

D is incorrect. The Blue Book is focused on governmental accounting.

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Kiley

16 days ago

D) None of these

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Cheryll

22 days ago

Definitely not C. It's about governmental accounting, not just a generic title.

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Ula

1 months ago

C) Blue book III

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Lettie

1 months ago

No, it's not B. The Blue Book is specifically for governmental accounting.

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Josephine

1 months ago

B) Federal Accounting and Financial Reporting

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Alease

2 months ago

I agree, A is the correct answer.

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Amos

2 months ago

A) Governmental Accounting, Auditing, and Financial Reporting

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Salena

2 months ago

I agree with Dahlia, the Blue Book III is about Governmental Accounting.

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Dahlia

3 months ago

I think the answer is A) Governmental Accounting, Auditing, and Financial Reporting.

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