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GFOA Certified Public Finance Officer Exam

Certification Provider: GFOA
Exam Name: Certified Public Finance Officer
Duration: 90 Minutes
Number of questions in our database: 203
Exam Version: Apr. 30, 2024
Exam Official Topics:
  • Topic 1: Understanding of Financial Statements and Accounting/ Approaches to Budget Process
  • Topic 2: Developing employee compensation and benefits policies/ Variables Used to Determine Compensation
  • Topic 3: Governmental and Business-type activities/ Measurement focus and basis of accounting
  • Topic 4: Primary Market Disclosure/ Financing Instruments and Techniques
  • Topic 5: Sections of a comprehensive annual financial report/ Management and Auditor responsibilities
  • Topic 6: Assessing near-term financial position/ Communicating Benefits to Employees
  • Topic 7: Link Between Budget Monitoring and Procurement/ Public Private Partnership/ Procurement Policy Manual
  • Topic 8: Budget Implications and Payroll/ Project and Grant Costing and Allocation
  • Topic 9: Treasury and Investement Management/ Banking and Merchant Services/ Benchmarking and Reporting
  • Topic 10: Budget Projections and Analysis/ Fiscal Impact Analysis / Cost Benefit Analysis/ Priority Setting / Goal Definition
  • Topic 11: Local Government Law and Compliance/ Liability Insurance/ Business Continuity/Disaster Recovery
  • Topic 12: Accounting and Financial Reporting/ Government-wide financial statements
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Free GFOA Certified Public Finance Officer Exam Actual Questions

The questions for Certified Public Finance Officer were last updated On Apr. 30, 2024

Question #1

Which of the following is not included in long-term credit products offered by banks?

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Correct Answer: C

Question #2

The auditor(s) should:

I- Adequately plan the work and properly supervise assistants

II- Properly study internal accounting controls to determine their reliability

These points are the part of

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Correct Answer: B

Question #3

Which of the following opinions is not expressed by auditors as to whether financial statements are expressed fairly in all material respects with respect to generally accepted accounting principles?

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Correct Answer: D

Question #4

The _____________

1. Renders an opinion as to whether the bonds are tax exempt.

2. Deter-mines whether a governments has legal authority to issue the bonds.

3. Drafts the bonds resolution the ordinance, and notice of election; and

4. Reviews the bidding information given to underwriter.

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Correct Answer: B

Question #5

Which of the following danger sign/s help to detect Auditors' fraud?

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Correct Answer: D


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