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AGA Government Financial Manager (GFMC) Free Practice Questions

Getting ready for your AGA Government Financial Manager GFMC exam can feel like a big hurdle, right? Don't worry, we've got your back! Jump into our completely free GFMC 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 3: Governmental Financial Management and Control (GFMC) Practice Questions
21. The first step in investment management is to
22. All of the following ae among the stated purposes of GPRA EXCEPT to
23. In relation to financial reporting, who evaluates internal controls to support an opinion on a...
24. A key objective of a performance audit is
25. Performance measures that report the results of providing goods or services are known as
26. A primary deterrent to fraud is
27. A purchasing officer is asked to select a vendor to provide office supplies.
28. In a performance aygit, due professional care is used to
29. Government performance measurement promotes
30. Compliance reporting, under government auditing standards, identifies all of the following components EXCEPT
31. A governmental attestation engagement may include a requirement to
32. The Federal Credit Reform Act requires complex calculations, which are likely to include errors.
33. Which of the following is an example of an internal control weakness?
34. The main objective of the Cash Management Improvement Act is to require
35. The legislation that expanded the requirements of audits to virtually all federal agencies is the
36. Which element of an inventory management system includes determining how much stock to have on...
37. According to the GAO, internal control is a process used by management to
38. A township wants to buy a new piece of equipment that will reduce costs by...
39. Planning to support ongoing financial operations in the event of a natural disaster is based...
40. A variable that would influence management's decision to hire contractors to perform management controlevaluations is

AGA GFMC Summary

  • Vendor: AGA
  • Product: GFMC
  • Update on: Jul 23, 2025
  • Questions: 115
  • Page: 2 / 4
Price: $52.5  $149.99
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TESTED 30 Jul 2025