GFOA Exam CPFO Topic 6 Question 62 Discussion

Actual exam question for GFOA's CPFO exam

Question #: 62
Topic #: 6

[All CPFO Questions]

Federal Government requires accounting records on:

AGGAP-basis

BNon-GAAP basis

CIt depends

DBoth A&B

Show Suggested Answer

Suggested Answer: D

by Leonora at Dec 07, 2022, 07:40 PM

Limited Time Offer

25%

Off

Contribute your Thoughts:

Submit Cancel

4 days ago

GGAP? What kind of made-up accounting standard is that? I'll go with the good old GAAP.

upvoted 0 times

...

14 days ago

I'm not sure, but I think it's important for the government to have access to both GGAP and Non-GAAP basis records.

upvoted 0 times

...

18 days ago

I agree with Dahlia, because the Federal Government wants accurate and reliable accounting records.

upvoted 0 times

...

25 days ago

I think the answer is D) Both A&B.

upvoted 0 times

...