AGA Certified Government Financial Manager (CGFM) : CGFM

  • Exam Code: CGFM
  • Exam Name: Certified Government Financial Manager (CGFM)
  • Updated: Aug 10, 2026
  • Q&As: 115 Questions and Answers

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About AGA CGFM Real Exam

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

AGA CGFM exam dumps include the following topics:

Examination 1: Government Environment (GE)

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

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

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

Examination 3: Governmental Financial Management and Control (GFMC)

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

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CGFM exam dumps

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.

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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.

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.

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

AGA CGFM Exam Syllabus Topics:

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

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