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AGA Examination 2: Governmental Accounting, Financial Reporting and Budgeting GAFRB Exam

Attempt the Certified Government Financial Manager practice test and solve real exam-like GAFRB questions to prepare efficiently and increase your chances of success. Our AGA GAFRB practice questions match the actual Examination 2: Governmental Accounting, Financial Reporting and Budgeting exam format, helping you enhance confidence and improve performance. With our GAFRB practice exam software, you can analyze your performance, identify weak areas, and work on them effectively to boost your final Certified Government Financial Manager exam score.

Vendor: AGA
Exam Name: Examination 2: Governmental Accounting, Financial Reporting and Budgeting
Registration Code: GAFRB
Related Certification: AGA CGFM Certification
Exam Track: AGA Financial Analysis
Exam Audience: government financial analysts,

Total Questions

115

Last Updated

13-07-2026

Exam Duration

120 MINUTES

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Question: 1

State and local budgets serve all of the following purposes EXCEPT to

Question: 2

Funds collected and spent to carry out an unemployment program established by federal statute are deposited in

Question: 3

If a capital project has an estimated life of 30 years, which financing method is designed to impose the cost of the project on the generation who benefits from it?

Question: 4

The purpose for establishing a custodial fund is to

Question: 5

An example of a federal principal financial statement is the

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