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Exam Code: CGFM
Exam Name: Certified Government Financial Manager (CGFM)
Vendor: AGA

60 Questions & Answers
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NEW QUESTION: 1
In a common size statement, a firm shows average receivables of 9.3%. Its receivables turnover equals
1.23. What's the average receivables collection period?
A. 184.3 days
B. insufficient information
C. 296.8 days
D. 321.6 days
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Average receivables collection period = 365/receivables turnover. In this case, the collection period
365/1.23 = 296.8 days.

NEW QUESTION: 2
Refer to the exhibit.

An administrator configures a policy for an AP Group. Port 3 of a RAP is a trunk that connects to a switch at a branch office. VLAN 1 is untagged and VLANs 10 (for data) and 11 (for voice) are tagged. The administrator applies an ACL inbound on Port 3 of the RAP.
How does this configuration affect traffic on Port 3?
A. It filters traffic form VLAN 1, but allows traffic from VLANs 10 and 11.
B. It filters traffic from VLAN 10 and 11, but allows traffic from VLAN1.
C. It filters traffic from VLANs 1, 10, and 11.
D. It allows all traffic form VLANs 1, 10, and 11.
Answer: B

NEW QUESTION: 3
Who is responsible for providing reports to the senior management on the effectiveness of the security controls?
A. Data custodians
B. Data owners
C. Information systems security professionals
D. Information systems auditors
Answer: D
Explanation:
Explanation/Reference:
Explanation:
The auditor is responsible for providing reports to the senior management on the effectiveness of the security controls.
The function of the auditor is to come around periodically and make sure you are doing what you are supposed to be doing. They ensure the correct controls are in place and are being maintained securely.
The goal of the auditor is to make sure the organization complies with its own policies and the applicable laws and regulations. Organizations can have internal auditors and/or external auditors. The external auditors commonly work on behalf of a regulatory body to make sure compliance is being met.
Incorrect Answers:
A: Information systems security professionals implement security controls. They do not report on their effectiveness.
B: The data owner (information owner) is usually a member of management who is in charge of a specific business unit, and who is ultimately responsible for the protection and use of a specific subset of information. The data owner does not report on the effectiveness of security controls.
C: The data custodian (information custodian) is responsible for maintaining and protecting the data. The data custodian does not report on the effectiveness of security controls.
References:
Harris, Shon, All In One CISSP Exam Guide, 6th Edition, McGraw-Hill, New York, 2013, pp. 122-125


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