Try AGA : CGFM valid & accurate questions and answers

Updated: Sep 05, 2026

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AGA CGFM Exam Overview:

Certification Vendor:AGA (Association of Government Accountants)
Exam Name:Certified Government Financial Manager (CGFM)
Exam Number:CGFM Exams 1-3
Exam Price:USD 260 per exam (members); USD 380 per exam (non-members)
Exam Duration:180 (3 hours per exam)
Certificate Validity Period:3 years (requires continuing education for renewal)
Passing Score:70%
Exam Format:Multiple-choice
Real Exam Qty:110 per exam
Available Languages:English
Sample Questions:AGA CGFM Sample Questions
Exam Way:Computer-based testing (CBT) at Pearson VUE testing centers; Online proctored testing available
Pre Condition:Must have a bachelor's degree or equivalent; recommended 2+ years of government financial management experience; AGA membership is encouraged but not required
Official Syllabus URL:https://www.agacgfm.org/CGFM/Certification.aspx

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:

  • 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).

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

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

  • 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.

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

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

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