Cgfm exam 3 Study guides, Class notes & Summaries

CGFM Exam 3 - Financial Management Functions

Prompt Payment Act - Answer A federal law that requires federal agencies to pay interest to companies on bills not paid within 30 days of invoice or completion of work. Cash Management Improvement Act - Answer passed to improve the transfer of federal funds between the federal government and the states, territories, and the District of Columbia 31 CFR Part 2018 Management of Federal Agency Disbursements - Answer requires federal agencies to disburse payments via electronic funds transfer, ...

CGFM Exam 3: Section 1, Chapter 7 - financial Management Systems Answered Correctly!!

CGFM Exam 3: Section 1, Chapter 4 - Acquisition Management Questions and Answers Graded A The four basic phases in acquiring goods and services are? 1) establishing specifications 2) soliciting supply sources 3) awarding contracts 4) monitoring contractor performance 2 basic methods for soliciting potential contractors (1) formal advertising through invitations for bid (IFB) and (2) a less formal solicitation through requests for proposal (RFP). The method that is used largely depends on whethe...

CGFM Exam 3

CGFM Exam 3 - Financial Management Functions

Prompt Payment Act - ANSWER-A federal law that requires federal agencies to pay interest to companies on bills not paid within 30 days of invoice or completion of work. Cash Management Improvement Act - ANSWER-passed to improve the transfer of federal funds between the federal government and the states, territories, and the District of Columbia 31 CFR Part 2018 Management of Federal Agency Disbursements - ANSWER-requires federal agencies to disburse payments via electronic funds transfer...

CGFM Exam 3 Question and answers correctly solved 2023

Prompt Payment Act A federal law that requires federal agencies to pay interest to companies on bills not paid within 30 days of invoice or completion of work. Cash Management Improvement Act passed to improve the transfer of federal funds between the federal government and the states, territories, and the District of Columbia 31 CFR Part 2018 Management of Federal Agency Disbursements requires federal agencies to disburse payments via electronic funds transfer, with few excepti...

CGFM exam 3 Section 3, Chapter 1 - Internal Controls