Certified Government Financial Manager: CGFM

A government agency's mission statement should include:

A. services and accomplishments.

B. organizational structure and hierarchy.

C. major functions and goals.

D. performance measures and reports.

Proprietary and fiduciary funds use the economic resources measurement focus and the accrual basis of accounting. Proprietary funds focus on changes in economic resources, similar to private sector businesses, asking:

A. What transaction and events have increased the fund's total economic resources during the reporting period, measured by changes in net assets like revenues and expenses?

B. What transaction and events have decreased he fund's total economic resources during the reporting period, measured by changes in net assets like revenues and expenses?

C. What transaction and events have increased or decreased he fund's total economic resources during the reporting period, measured by changes in net assets like revenues and expenses?

D. None of these

Which one of the following strategy is NOT employed by Local governments to collect delinquent taxes?

A. Put, the names of delinquent taxpayers in the local paper. Surprisingly, prominent citizens might be delinquent. The newspaper notice for them is an embarrassing, but effective, prompt.

B. Put, a lien on a delinquent taxpayer's paycheck if his or her place of work is known.

C. Sell the parcel, using the proceeds to pay back taxes giving the remainder, if any, to the taxpayer.

D. None of these