AGA CGFM : Certified Government Financial Manager (CGFM)

  • Exam Code: CGFM
  • Exam Name: Certified Government Financial Manager (CGFM)
  • Updated: Aug 22, 2026
  • Q & A: 115 Questions and Answers

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

All CGFMs must conform to the AGA Code of Ethics to maintain the CGFM certification. Furthermore, CGFMs must be active to continue utilizing the CGFM designation after their name.

CGFMs are obliged to keep the CGFM certification in an active state:

  • Retain and submit complete information on completed CPE hours, if asked by AGA.

  • Submit the CGFM registration fee every year by the due date.

  • At least 125 hours in governmental account management themes or associated technical disciplines complete continuing professional education (CPE) every two years (within the designated two-year cycle).

  • By paying their yearly renewal payments, CGFMs state that they comply with the AGA Ethics Code and will continue to comply with it.

AGA CGFM exam dumps contain all the information related to the exam.

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

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

AGA CGFM exam dumps include the following topics:

Examination 1: Government Environment (GE)

  • Delivering government information and services electronically (8%)
  • Governmental financing procedure (24%)
  • The legally-based significance of the government financial environment (15%)
  • Identifying definitions, and the notions of public accountability (12%)
  • Ethics as implemented to the governmental environment (10%)
  • Government management unicycle (16%)
  • The organization, authority and structure of government (15%)

Examination 2: Governmental Accounting, Financial Reporting and Budgeting (GAFRB)

  • Federal financial reporting and accounting (30%)
  • Local and State financial reporting and accounting (30%)
  • Governmental financial reporting, accounting, and budgeting general knowledge (40%)

Examination 3: Governmental Financial Management and Control (GFMC)

  • Financial management (25%)
  • Internal dominance (25%)
  • Performance management//service attempt and accomplishments (15%)
  • Managerial and Financial Analysis Techniques (15%)
  • Auditing (20%)

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How to prepare AGA CGFM: Certified Government Financial Manager (CGFM) Exam

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

Introduction

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CGFM exam dumps

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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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AGA CGFM Exam Syllabus Topics:

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

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