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AGA GAFRB Exam Dumps

Get All Examination 2: Governmental Accounting, Financial Reporting and Budgeting Exam Questions with Validated Answers

GAFRB Pack
Vendor: AGA
Exam Code: GAFRB
Exam Name: Examination 2: Governmental Accounting, Financial Reporting and Budgeting
Exam Questions: 115
Last Updated: October 6, 2026
Related Certifications: Certified Government Financial Manager
Exam Tags: AGA Financial Analysis Professional Level government financial analysts
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Free AGA GAFRB Exam Actual Questions

Question No. 1

The Department of Health and Human Services prepares a financial statement displaying costs of each major program as they relate to the department's outcomes and outputs. The title of this financial statement is the

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Correct Answer: A

Question No. 2

The roles of GASB and FASAB are to

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Correct Answer: C

Question No. 3

A specific operation of the government is funded by 60% from the general fund, 40% from specific revenues. This should be reported in which fund?

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Correct Answer: B

Question No. 4

Which one of the following statements is true with regard to external reporting of major funds for state and local governments?

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Correct Answer: C

Question No. 5

State and local governments account for budgeted and actual expenditures to ensure that

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Correct Answer: D

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