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GAFRB Practice Questions

Examination 2: Governmental Accounting, Financial Reporting and Budgeting Exam Practice Test


Total 23 Pages
Total 115 Questions

GAFRB Practice Questions

Question# 1

The Office of Personnel Management provides employee pension benefits for an agency's employees and bills the agency for a portion of the costs. The portion of costs not billed to the agency is an
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Question# 2

The Prompt Payment Act requires federal agencies to
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Question# 3

An agency is developing a lee for services to cover all direct operating expenditures. Which of the following should be included in the fee calculation?
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Question# 4

What role do the U.S. Department of the Treasury, GAO and OMB have in the standard - setting activities of FASAB?
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Question# 5

The purpose for establishing a custodial fund is to
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