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GFOA CPFO Exam Questions

Exam Name: Certified Public Finance Officer
Exam Code: CPFO
Related Certification(s): GFOA Certified Public Finance Officers Certification
Certification Provider: GFOA
Actual Exam Duration: 90 Minutes
Number of CPFO practice questions in our database: 203 (updated: Nov. 13, 2024)
Expected CPFO Exam Topics, as suggested by GFOA :
  • Topic 1: Understanding of Financial Statements and Accounting/ Approaches to Budget Process
  • Topic 2: Developing employee compensation and benefits policies/ Variables Used to Determine Compensation
  • Topic 3: Governmental and Business-type activities/ Measurement focus and basis of accounting
  • Topic 4: Primary Market Disclosure/ Financing Instruments and Techniques
  • Topic 5: Sections of a comprehensive annual financial report/ Management and Auditor responsibilities
  • Topic 6: Assessing near-term financial position/ Communicating Benefits to Employees
  • Topic 7: Link Between Budget Monitoring and Procurement/ Public Private Partnership/ Procurement Policy Manual
  • Topic 8: Budget Implications and Payroll/ Project and Grant Costing and Allocation
  • Topic 9: Treasury and Investement Management/ Banking and Merchant Services/ Benchmarking and Reporting
  • Topic 10: Budget Projections and Analysis/ Fiscal Impact Analysis / Cost Benefit Analysis/ Priority Setting / Goal Definition
  • Topic 11: Local Government Law and Compliance/ Liability Insurance/ Business Continuity/Disaster Recovery
  • Topic 12: Accounting and Financial Reporting/ Government-wide financial statements
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Glenn

5 days ago
I passed the GFOA exam, and the Pass4Success practice questions were invaluable. One question that threw me off was related to the different types of financial statements required for public entities. I wasn't sure of the exact answer, but I managed to pass.
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Buddy

7 days ago
Be ready for questions on governmental accounting principles. Know the differences between modified accrual and full accrual accounting.
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India

9 days ago
Aced the GFOA CPFO exam! Pass4Success practice tests were incredibly similar to the real thing. Highly recommend!
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Lavelle

20 days ago
Happy to announce that I passed the GFOA Certified Public Finance Officer exam. The Pass4Success practice questions were spot-on. There was a question about the procurement cycle and the importance of competitive bidding that had me second-guessing, but I still passed.
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Rosio

29 days ago
Just passed the GFOA Certified Public Finance Officer exam! So grateful for Pass4Success's relevant questions that helped me prepare efficiently.
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Rikki

1 months ago
I am thrilled to share that I passed the GFOA exam, thanks in part to the practice questions from Pass4Success. One challenging question asked about the key components of a comprehensive risk assessment framework. I had to guess, but it all worked out in the end.
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Tamekia

1 months ago
It was challenging but rewarding. The exam truly tests your knowledge across all aspects of public finance. Thorough preparation and understanding practical applications of concepts are key to success.
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Lawanda

1 months ago
CPFO certified! Pass4Success materials were a lifesaver. Exam was tough, but I felt well-prepared.
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Antonio

2 months ago
Just passed the GFOA exam, and the Pass4Success practice questions were a lifesaver. There was a tricky question on the capital budgeting process and how to prioritize projects based on their net present value. I wasn't entirely sure of my answer, but I still made it through.
upvoted 0 times
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Renea

2 months ago
That's great to hear. Any final thoughts on the exam experience?
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Olive

2 months ago
I recently passed the GFOA Certified Public Finance Officer exam, and I have to say that the Pass4Success practice questions were incredibly helpful. One question that stumped me was about the different types of municipal bonds and their respective risk levels. Despite my uncertainty, I managed to pass the exam!
upvoted 0 times
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Melvin

2 months ago
Just passed the GFOA CPFO exam! Thanks Pass4Success for the spot-on practice questions. Saved me weeks of prep time!
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France

4 months ago
My experience taking the GFOA Certified Public Finance Officer exam was challenging but rewarding. With the assistance of Pass4Success practice questions, I was able to successfully navigate topics such as approaches to the budget process. One question that gave me pause was related to developing employee compensation and benefits policies. However, I managed to pass the exam despite my uncertainty on that particular question.
upvoted 0 times
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Darell

5 months ago
Just passed the CPFO exam! One tricky area was governmental fund accounting. Be ready for questions on reconciling modified accrual to full accrual basis. Study the conversion process thoroughly. Thanks to Pass4Success for the spot-on practice questions that really helped me prepare quickly!
upvoted 0 times
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Basilia

5 months ago
I recently passed the GFOA Certified Public Finance Officer exam with the help of Pass4Success practice questions. The exam covered topics such as understanding financial statements and accounting, as well as developing employee compensation and benefits policies. One question that stood out to me was related to the variables used to determine compensation. Despite being unsure of the answer, I was able to pass the exam.
upvoted 0 times
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Free GFOA CPFO Exam Actual Questions

Note: Premium Questions for CPFO were last updated On Nov. 13, 2024 (see below)

Question #1

All of the following are core banking services EXCEPT:

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Correct Answer: A

Question #2

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

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Correct Answer: C

Question #3

The lease agreement contains a ___________ clause that permits the government to cancel the capital lease, without defaulting, by not appropriating payment for the lease.

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Correct Answer: B

Question #4

Most Government Issue bond in denominations of $5000, which underwriters call:

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Correct Answer: D

Question #5

Which of the following is not included in long-term credit products offered by banks?

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Correct Answer: C

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