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AGA CGFM

CGFM

Exam Code: CGFM

Exam Name: Certified Government Financial Manager (CGFM)

Updated: Sep 16, 2026

Q & A: 115 Questions and Answers

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About AGA CGFM Exam

Certification Path of AGA CGFM: Certified Government Financial Manager (CGFM) Exam

The CGFM is an authoritative and closed book test, given exclusively online and to all other platforms, as well as those involved in fourth-year educational programs. The four-hour evaluation includes a broad variety of CGFM exam dumps training courses that may be used to arrange multiple tests in their businesses across a whole house of screening window. Saturday is now an option for others in an effort to increase flexibility. The assessment vendor will provide technical assistance on midweek as well as on Saturdays during the screenings house window. The test is conducted by experts whose objective is to help the AGA Institute to verify that all examiners are examined on comparable issues. Educating directors to supervise chosen providers and also exclude themselves as providers. (Projectors are usually the administrative assistant or fellowship planner of the program.) Doctors are not allowed to serve as proctors. The AGA Institute will definitely give comprehensive details on programs to be used in carrying out the test in the administrative manual. The CGFM is produced by subject-matter experts who make up the CGFM Subcommittee of the AGA Institute. The Subcommittee monitors the test product and keeps an eye on it. The panel is supported by many additional volunteer doctors at the AGA Institute. All evaluation questions are evaluated in many stages before being approved for examination. CGFM has been created in conjunction with the University of Michigan, Department of Medical Education and Learning.

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CGFM exam dumps

Study Guide of AGA CGFM: Certified Government Financial Manager (CGFM) Exam

CGFM study materials are now accessible as a 6-month subscription in the VitalSource bookstore. The guidelines may be accessed on, off and through the bookshelf application. Each chapter and part of the three study guides have been reviewed. Some adjustments were editorial/clear, some represent changes in contents and some reflect changes in rules. Added material, including two new sections in Reference Book 3 and Study Guide 2, will contain fresh language on the fundamental accounting concepts, to match updated test topic outlines. The changes to the regulations include new legislative information and content updates reflect applicable advice of the GASB and the FASAB. The first chapter of the study guideline 3 (audit part) has been revised to match the 2018 Yellow Book version. Examples, pictures, references and appendices were all revised as part of the overall update. Due to the extent of the changes, we suggest that every publishing be reviewed in its completeness. Employees who are not permanently retired from AND in the area of financial management may, by contacting us, seek a modification of their status to “retired.” People should mention their retirement dates and affirm that they do not work in the area of financial management. At the time of retirement the CGFMs must be active so that their status is converted to “retired”, when the CGFM first goes dormant, the person must re-activate the designation before changing the CGFM status to “retired”. Therefore, the retired CGFMs in the second half of the year should reappoint in that year-to prevent their CGFM from becoming inactive and from adapting to a “retired” state. AGA CGFM exam dumps contain all the material which is necessary for the examination.

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Exam format of AGA CGFM: Certified Government Financial Manager (CGFM) Exam

Name of the Examination: AGA CGFM: Certified Government Financial Manager (CGFM) Exam

Duration of the exam: 135 minutes

Early-requirement: 2 Year professional Experience

Passing Score: 500

Reference: https://www.agacgfm.org/CGFM-Certification/About-CGFM.aspx

AGA CGFM Exam Syllabus Topics:

SectionObjectives
CGFM Exam 3: Financial Reporting, Control, and Analysis- Financial Statement Analysis
  • 1. Liquidity and solvency analysis
  • 2. Ratio analysis
  • 3. Performance evaluation metrics
- Control Frameworks and Systems
  • 1. IT controls and security
  • 2. Monitoring activities
  • 3. COSO internal control framework
- Financial Reporting
  • 1. Basic financial statements
  • 2. Comprehensive annual financial report (CAFR)
  • 3. Management's discussion and analysis (MD&A)
- Auditing in the Government Environment
  • 1. Government auditing standards (GAGAS)
  • 2. Audit planning and reporting
  • 3. Single Audit Act
- Compliance and Accountability
  • 1. Accountability reporting
  • 2. Grant compliance requirements
  • 3. Legal and regulatory compliance
CGFM Exam 2: Governmental Accounting- Principles of Governmental Accounting
  • 1. Fund accounting concepts
  • 2. Governmental accounting fundamentals
  • 3. GAAP for governments
- Federal Government Accounting
  • 1. Federal accounting standards
  • 2. USSGL concepts
  • 3. Federal financial reporting
- Fund Accounting and Financial Reporting
  • 1. Fund types and classifications
  • 2. Modified accrual basis
  • 3. Financial statement preparation
- State and Local Government Transactions
  • 1. Capital projects and debt service funds
  • 2. General fund accounting
  • 3. Special revenue funds
- Budgetary Accounting
  • 1. Encumbrance accounting
  • 2. Budgetary control
  • 3. Budgetary entries
- GASB Standards
  • 1. Key GASB pronouncements
  • 2. GASB conceptual framework
  • 3. Financial reporting entity
CGFM Exam 1: Financial Management- Strategic Planning and Performance Measurement
  • 1. Performance measurement frameworks
  • 2. Balanced scorecard
  • 3. Strategic planning concepts
- Budgeting and Budget Preparation
  • 1. Capital budgeting
  • 2. Budget preparation techniques
  • 3. Budget cycle and process
- Revenue, Expenditure, and Expense Recognition
  • 1. Revenue recognition principles
  • 2. Expenditure accounting
  • 3. Cost accounting concepts
- Government Contracting and Procurement
  • 1. Contract types and evaluation
  • 2. Contract administration
  • 3. Procurement processes
- Financial Management and Analysis
  • 1. Cash management
  • 2. Financial analysis techniques
  • 3. Working capital management
- Risk Management and Internal Controls
  • 1. Enterprise risk management
  • 2. Control activities
  • 3. Internal control frameworks
Related Certifications
AGA CGFM
Government Financial Manager
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