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AGA Certified Government Financial Manager (CGFM) : CGFM

CGFM Exam Simulator
  • Exam Code: CGFM
  • Exam Name: Certified Government Financial Manager (CGFM)
  • Updated: Oct 25, 2026
  • Q & A: 115 Questions and Answers
  • AGA CGFM Q&A - in .pdf

  • Printable AGA CGFM PDF Format. It is an electronic file format regardless of the operating system platform.
  • PDF Version Price: $49.99
  • Free Demo
  • AGA CGFM Q&A - Testing Engine

  • Install on multiple computers for self-paced, at-your-convenience training.
  • PC Test Engine Price: $49.99
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  • Value Pack Total: $99.98  $69.99   (Save 50%)

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About AGA CGFM Exam Simulator

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

AGA CGFM exam dumps include the following topics:

Examination 1: Government Environment (GE)

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

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

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

Examination 3: Governmental Financial Management and Control (GFMC)

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

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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AGA CGFM exam simulator

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

Additional explanations regarding the concept of retired status:

People need to be retired completely, not just to stop working or to change professions. Persons must be completely disengaged AND do not labor in the workplace. Those who have withdrawn yet continue to work component, coaching, lecturing or as a financial manager are NOT regarded to have decommissioned. Management accounting include non-profit and the commercial sector (e.g., CPA companies) - those working in these areas are NOT regarded retirement. 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. When a person retires and then begins to work in another area without financial management obligations (for example, working as a florist), the person is regarded to have retired. Contributing does not mean working in the field - people may be able to contribute and qualify for retirement status, but, if the nature of the volunteer activity needs current knowledge in government finance management AGA members/CGFMs are urged to retain their active status. Choosing the status of retired is optional - retired people who wish to keep their participation in the AGA/CGFM operational service may do so by satisfying the active status criteria. For membership and certification, those who are both members of AGA and CGFMs who wish to alter their status to retirement must do so. Retired CGFMs are not needed to pay the renewal fee for CGFM or to complete CPE 80 hours. They might retain using the CGFM certification, but it must clearly show their retirement status by using “CGFM-Retired” after their names and using “Departed” in a portfolio, bio or other qualification's description. NOTE: CGFMs wishing to convert their retired to active status should follow the very same reinstatement procedures as absent CGFMs. AGA CGFM exam dumps also explains all the concepts of management accounting.

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

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

AGA CGFM: Certified Government Financial Manager (CGFM) Exam cost is $125 all over the world, however the prices of the courses varies on the basis of the local currencies of the country.

AGA CGFM Exam Syllabus Topics:

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

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