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AGA CGFM Exam : Certified Government Financial Manager (CGFM)

CGFM actual test
  • Exam Code: CGFM
  • Exam Name: Certified Government Financial Manager (CGFM)
  • Updated: Aug 31, 2026
  • Q & A: 115 Questions and Answers
  • PDF Demo
  • PC Test Engine
  • Online Test Engine
  • Total Price: $49.99  

About AGA CGFM Exam

Introduction to AGA CGFM: Certified Government Financial Manager (CGFM) Exam

Certified State Financial Manager is a professional certification given by AGA, showing expertise in federal, state and local government accounting, auditing, financial reporting, internal control and management. CGFM is a recognized certification that acknowledges the specific expertise and knowledge that a successful financial manager of the Government needs. You may increase your professional possibilities and differentiate yourself from the others in your industry by becoming a CGFM. AGA CGFM exam dumps is the best way to learn all the concepts of the examination.

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

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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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AGA CGFM Exam Syllabus Topics:

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

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