AGA CGFM : Certified Government Financial Manager (CGFM)

  • Exam Code: CGFM
  • Exam Name: Certified Government Financial Manager (CGFM)
  • Updated: Sep 11, 2026
  • Q & A: 115 Questions and Answers

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About AGA CGFM Exam

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

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Exam format of AGA CGFM: Certified Government Financial Manager (CGFM) Exam

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

Duration of the exam: 135 minutes

Early-requirement: 2 Year professional Experience

Passing Score: 500

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

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

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

Examination 3: Governmental Financial Management and Control (GFMC)

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

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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AGA CGFM Exam Syllabus Topics:

SectionObjectives
Examination 2: Governmental Accounting, Financial Reporting and Budgeting- State and Local Financial Accounting and Reporting
- Federal Financial Accounting and Reporting
- Governmental Financial Accounting, Reporting and Budgeting: General Knowledge
Examination 1: Governmental Environment- Concepts, Definitions and Notions of Public Accountability
- Organization, Structure and Authority of Government
- Government Management System (Cycle)
- Electronic Services in Government
- Legally Based Implications of the Government Financial Environment
- Ethics as Applied to the Governmental Environment
- Governmental Financing Process
Examination 3: Governmental Financial Management and Control- Financial Management Functions
- Auditing
- Performance Measurement / Metrics / Service Efforts and Accomplishments (SEA)
- Internal Controls
- Financial and Managerial Analysis Techniques

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