Cgfm exam 3 Study guides, Class notes & Summaries

CGFM exam 3 Section 3, Chapter 1 - Internal Controls

Financial management systems - Answer information systems that support financial managers in accomplishing their tasks and achieving their objectives data visualization - Answer the creation and study of the visual representation of data, meaning information that has been abstracted in some schematic form, including attributes or variables for the units of information. data visualization can serve what purposes - Answer •Strategic - They focus on high-level measures of performance and fo...

CGFM exam 3: Section 3, Chapter 1 - Internal Controls questions & answers 2023/2024

CGFM exam 3 Section 3, Chapter 1 - Internal Controls

The four basic phases in acquiring goods and services are? - Answer 1) establishing specifications 2) soliciting supply sources 3) awarding contracts 4) monitoring contractor performance 2 basic methods for soliciting potential contractors - Answer (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 whether there are firm specifications for the goods or services to be ...

Financial management systems information systems that support financial managers in accomplishing their tasks and achieving their objectives data visualization the creation and study of the visual representation of data, meaning information that has been abstracted in some schematic form, including attributes or variables for the units of information. data visualization can serve what purposes •Strategic - They focus on high-level measures of performance and forecasts, thereby...

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 1 Government Sovereignty correct answerNat'l government can't be sued by states or by citizens w/out its permission. Government Authority correct answerDerived from constitutions or charters (local versions of a constitution), statutes, executive orders & regulations. 3 Levels correct answer1) National 2) State 3) Local The primary purpose of each is to provide services to citizens. Separate and distinct, yet they may coordinate their efforts. 3 Branches correct answer1) ...

CGFM Exam 3 Questions and Answers - Financial Management Functions

CGFM TEST 3 EXAM/230 QUESTIONS AND ANSWERS/100% CORRECT