AGA CGFM : Certified Government Financial Manager (CGFM)

  • Exam Code: CGFM
  • Exam Name: Certified Government Financial Manager (CGFM)
  • Updated: Jul 27, 2026
  • Q & A: 115 Questions and Answers

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About AGA CGFM Exam Cram

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.

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

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

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

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

Examination 3: Governmental Financial Management and Control (GFMC)

  • Managerial and Financial Analysis Techniques (15%)
  • Performance management//service attempt and accomplishments (15%)
  • Auditing (20%)
  • Financial management (25%)
  • Internal dominance (25%)
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AGA CGFM Exam Syllabus Topics:
SectionObjectives
Topic 1: CGFM Exam 1: Financial Management- Risk Management and Internal Controls
  • 1. Control activities
  • 2. Internal control frameworks
  • 3. Enterprise risk management
- Government Contracting and Procurement
  • 1. Contract types and evaluation
  • 2. Procurement processes
  • 3. Contract administration
- Financial Management and Analysis
  • 1. Financial analysis techniques
  • 2. Working capital management
  • 3. Cash management
- Budgeting and Budget Preparation
  • 1. Capital budgeting
  • 2. Budget preparation techniques
  • 3. Budget cycle and process
- Revenue, Expenditure, and Expense Recognition
  • 1. Revenue recognition principles
  • 2. Cost accounting concepts
  • 3. Expenditure accounting
- Strategic Planning and Performance Measurement
  • 1. Performance measurement frameworks
  • 2. Balanced scorecard
  • 3. Strategic planning concepts
Topic 2: CGFM Exam 3: Financial Reporting, Control, and 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. Grant compliance requirements
  • 2. Legal and regulatory compliance
  • 3. Accountability reporting
- Financial Statement Analysis
  • 1. Ratio analysis
  • 2. Performance evaluation metrics
  • 3. Liquidity and solvency analysis
- Control Frameworks and Systems
  • 1. COSO internal control framework
  • 2. Monitoring activities
  • 3. IT controls and security
- Auditing in the Government Environment
  • 1. Audit planning and reporting
  • 2. Government auditing standards (GAGAS)
  • 3. Single Audit Act
Topic 3: CGFM Exam 2: Governmental Accounting- Fund Accounting and Financial Reporting
  • 1. Financial statement preparation
  • 2. Modified accrual basis
  • 3. Fund types and classifications
- Budgetary Accounting
  • 1. Budgetary entries
  • 2. Encumbrance accounting
  • 3. Budgetary control
- Federal Government Accounting
  • 1. Federal accounting standards
  • 2. USSGL concepts
  • 3. Federal financial reporting
- State and Local Government Transactions
  • 1. General fund accounting
  • 2. Special revenue funds
  • 3. Capital projects and debt service funds
- Principles of Governmental Accounting
  • 1. GAAP for governments
  • 2. Governmental accounting fundamentals
  • 3. Fund accounting concepts
- GASB Standards
  • 1. GASB conceptual framework
  • 2. Financial reporting entity
  • 3. Key GASB pronouncements

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