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Practice Test Prep

Online Practice Test for Success

What is the primary purpose of the Federal Financial Management Improvement Act (FFMIA)? To improve the financial management and accountability of federal agencies: Source [ ]
What does the acronym 'SGL' stand for in federal government accounting? Standard General Ledger: Source [ ]
What is the purpose of the Federal Financial Statement Audit? To evaluate and report the financial position and operations of federal agencies : Source [ ]
Which financial statement provides a snapshot of the federal government's assets, liabilities, and net position? ) Balance Sheet : Source [ ]
Which document is used to ensure compliance with the Federal Financial Management Improvement Act (FFMIA)? Internal control reports provided by federal agencies : Source [ ]
What is the term for the cost of federal programs that includes direct and indirect expenses incurred by an agency? Program cost : Source [ ]
Created by: user-1971816
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