• Exam Code: CGFM
  • Exam Name: Certified Government Financial Manager (CGFM)
  • Certification Provider: AGA
  • Corresponding Certification:AGA CGFM
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Benefits of AGA CGFM: Certified Government Financial Manager (CGFM) Exam

Deals with national standards of efficiency, generating demand, where others and additional programs may recognize areas for improvement. Help identify resources needed to support programs that meet certification criteria. Recognizes possibilities to enhance GI training. Develop a reliable way to assess the development of others and satisfy ACGME requirement for an assessment of fundamental efficacy. The CGFM is a scholastic resource designed to detect development in training and encourage regular refurbishment via training programs and other programs. The exam should not be utilized for validating promotions or rejecting growth. The ratings of the examiners should be used to apply educational treatment. The final results of the CGFM are not to be utilized for advertising features, since the institution has not been able to disclose the accreditation council for graduate medical education as knowledge and knowledge (ACGME). Under no circumstances will the AGA Institute reveal the identities of examiners or institutions that join the CGFM. Queries relating to the CGFM attribute must be sent on to the AGA Institute. The CGFM includes all regions of AGA CGFM exam dumps that the GI tract. It also comprises net online material that refers to systematic issues, nutrition, composition analysis, statistics, public health and values.

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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)

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

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

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

Examination 3: Governmental Financial Management and Control (GFMC)

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

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

AGA CGFM Exam Syllabus Topics:

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

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