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USA
Certified Government Financial Manager (CGFM) Examination
600 questions
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About this exam
The Certified Government Financial Manager (CGFM) Examination is part of the Association of Government Accountants’ credential program for professionals working in public-sector finance. It is not a civil-service hiring test; it assesses knowledge relevant to government financial management roles in federal, state, and local agencies. Candidates typically need a bachelor’s degree, must pass three CGFM examinations, agree to the AGA Code of Ethics, and meet a professional experience requirement. Check AGA’s current candidate guidance for eligibility details and any changes.
The three examinations cover the governmental environment; governmental accounting, financial reporting, and budgeting; and governmental financial management and control. Review areas include governmental accounting principles and fund structures, budgetary entries, government-wide financial statements, GASB reporting, and federal accounting standards. Preparing for the CGFM means understanding how these rules apply in practice, not just memorizing terminology. Build a study plan around the current exam specifications, revisit weaker topics, and use timed multiple-choice practice to improve accuracy and pacing.
How to prepare for the CGFM Examination
- Use AGA’s current CGFM candidate materials to map each exam’s objectives to a study schedule, and confirm the latest format and policies before booking.
- Review fund accounting, budgetary entries, government-wide reporting, GASB requirements, and federal financial reporting; compare concepts across governmental levels where relevant.
- Practice timed multiple-choice questions, then review every explanation and note whether errors came from a misunderstood rule, a calculation, or misreading the question.
FAQ
Who is eligible to take the CGFM Examination?
AGA’s CGFM credential requirements include a bachelor’s degree from an accredited college or university, passing all three examinations, agreeing to the AGA Code of Ethics, and qualifying professional experience in government financial management. Consult AGA’s current candidate guidance for full requirements and details on when experience must be completed.
What is the format of the CGFM Examination?
The CGFM program consists of three separate examinations covering the governmental environment, governmental accounting and financial reporting, and governmental financial management and control. They use multiple-choice questions. Check the current AGA candidate handbook for the latest timing, delivery, and scheduling information.
What subjects should I study for the CGFM Examination?
Study the objectives for all three exams, including governmental accounting principles, fund structures, budgetary accounting, government-wide statements, GASB reporting, federal accounting, and financial management and control. Use AGA’s current exam specifications as your guide because content details may change.