GFOA Exam CPFO Topic 7 Question 102 Discussion

Actual exam question for GFOA's CPFO exam

Question #: 102
Topic #: 7

[All CPFO Questions]

The federal government requires non-profit and privet firms to make _______________ assumption regarding future interest rates, wage increases, inflation and the like.

AImplicit, one understated by another

BExplicit

CBoth A&B

DNone of these

Show Suggested Answer

Suggested Answer: C

by Kent at Oct 21, 2024, 12:16 AM

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Hildegarde

3 months ago

I'm no accountant, but I'd say B. Explicit is the way to go, keeps things above board, you know?

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Zona

2 months ago

I'm not sure, but I think it's important to have a clear understanding of future projections.

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Mila

2 months ago

I think both implicit and explicit assumptions are necessary in different situations.

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Raelene

3 months ago

Yeah, it's better to be clear about those assumptions.

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Nelida

3 months ago

I agree, being explicit is important for transparency.

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Andrew

4 months ago

Ah, the old 'explicit vs. implicit' debate. B is the way to go, no need to play games with the government.

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Irene

2 months ago

Definitely, it's better to be explicit than to leave things open to interpretation.

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Bo

3 months ago

I think it's important to be clear and transparent in these matters.

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Ceola

3 months ago

Yeah, no need to complicate things when it comes to government regulations.

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Josue

3 months ago

I agree, being straightforward is always the best approach.

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Paz

4 months ago

I'm going with C. Both A and B. Gotta cover all the bases, you know?

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Arlette

3 months ago

User3: Definitely, you never know what factors might come into play.

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Felicidad

3 months ago

User2: Yeah, covering all bases is key when it comes to future predictions.

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Vallie

4 months ago

User1: I agree, it's important to consider both implicit and explicit assumptions.

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Hyun

4 months ago

D. None of these, really? That's a trick question if I ever saw one.

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Raina

3 months ago

D) None of these

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Kenneth

3 months ago

B) Explicit

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Jade

3 months ago

C) Both A&B

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Lisbeth

4 months ago

B) Explicit

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Maira

4 months ago

I agree with Ardella. It makes sense for the government to require explicit assumptions for future economic factors.

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Larue

4 months ago

Hmm, I think the answer is B. Explicit assumptions make the most sense for government compliance.

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Weldon

4 months ago

I'm not sure, but I think it's important to consider both types of assumptions.

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Shakira

4 months ago

I think it could also be both A&B, as sometimes implicit assumptions are also considered.

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Oneida

4 months ago

I agree, explicit assumptions are necessary for government compliance.

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Ardella

4 months ago

I think the answer is B) Explicit.

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