Question 1

Government entity SEA reporting provides users of general purpose financial reports with an

Options :

A : evaluation of the effects of changes in public policy.

B : assessment of financial condition and results of operations.

C : assessment of the accountability of the public administrators.

D : evaluation of the efficiency and effectiveness of governmental programs.

Answer: D

Question 2

An evaluation of anggntity’s single year financial statements would use which of the following analyses?

Options :

A : comparative

B : horizontal

C : trend

D : vertical

Answer: D

Question 3

What is the formal tam for the listing and assessment of an agency's top risks?

Options :

A : risk profile

B : risk management plan

C : risk assessment

D : risk register

Answer: A

Question 4

Which of the following acts requires federal agencies to pay interest to state government funds for entitlements that are not provided in a timely manner?

Options :

A : Debt Collection Improvement Act

B : CFO Act

C : Accountability for Tax Dollars Act

D : Cash Management Improvement Act

Answer: D

Question 5

What is the most fupdamental cash control?

Options :

A : segregation of duties

B : use of automated systems

C : analysis of cash reports

D : frequent reconciliation of bank accounts

Answer: D

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