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AGA Government Financial Manager (GAFRB) Free Practice Questions

Getting ready for your AGA Government Financial Manager GAFRB exam can feel like a big hurdle, right? Don't worry, we've got your back! Jump into our completely free GAFRB practice questions - they're just like the real test, designed to help you get comfortable and pinpoint exactly what you need to study more. Let's get you feeling super confident for exam day!

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  5. Examination 2: Governmental Accounting, Financial Reporting and Budgeting (GAFRB) Practice Questions
21. Which one of the following statements is true with regard to external reporting of major...
22. An independent school district completed construction on a new high school during the current fiscal...
23. The capitalization of interest begins when all of the following conditions are met EXCEPT
24. Purchase orders are issued in the amount of $427,000.
25. A special-purpose government is considered a primary government when it has any of the following...
26. The quarterly inventory record below has been provided for use in preparing the organization's financial...
27. State and local governments account for budgeted and actual expenditures to ensure that
28. Government, public, private and not-for-profit entities all share which common goal of financial reporting?
29. of the following are integral parts of state governments* formal financial statements EXCEPT the
30. Which type of cost is generally allowed for a grant under the OMB Uniform Guidance?
31. A municipality would establish an internal service fund to capture the activities of a data...
32. Who is responsible for making apportionments and allotments?
33. The Government Management Reform Act of 1994 amended the CFO Act of 1990 to require
34. The Office of Personnel Management provides employee pension benefits for an agency's employees and bills...
35. A special-purpose government is considered a primary government when it has any of the following...
36. A federal AFR includes all of the following EXCEPT
37. When determining the full costs of a specific product or service, if the costs cannot...
38. Which one of the following statements is true with regard to external reporting of major...
39. An agency offers service for a fee; bad debts have historically averaged 5% of each...
40. Purchase orders are issued in the amount of $427,000.

AGA GAFRB Summary

  • Vendor: AGA
  • Product: GAFRB
  • Update on: Jul 23, 2025
  • Questions: 115
  • Page: 2 / 4
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TESTED 31 Jul 2025