The Certified Government Financial Manager (CGFM) examination was developed by the Association of Government Accountants (AGA) to identify especially qualified professionals. Success on this exam is a clear indication of the academic, practical, and ethical skills required of a government financial manager.
The CGFM really consists of three examinations: Government Environment; Governmental Accounting, Financial Reporting, and Budgeting; and Governmental Financial Management and Control.
The CGFM Governmental Environment exam is 115 questions on the following subjects:
- Organization, Structure, and Authority of Government (15% of the exam)
- Legal and Other Aspects of the Government Environment (25%)
- Demonstrate an understanding of the Government Management System including the Interrelationships among Planning, Programming, Budgeting, Operations, Accounting, Reporting, and Auditing (15%)
- Governmental Financial Process (25%)
- concepts, definitions, and notions of Public Accountability (5%)
- the role of Ethics in Government, and Ethical Practice as Government Financial Manager (5%)
- Financial Management Responsibilities and Skills (10%)
The CGFM Governmental Accounting, Financial Reporting, and Budgeting exam is 115 questions on the following subjects:
- Organization, Structure, and Authority of Government (15% of the exam)
- Legal and Other Aspects of the Government Environment (25%)
- Government Management System, including the interrelationships among Planning, Programming, Budgeting, Operations, Accounting, Reporting, and Auditing (15%)
- Governmental Financing Process (25%)
- concepts, definitions, and notions of Public Accountability (5%)
- the role of Ethics in Government, and Ethical Practice as a Government Financial Manager (5%)
- Financial Management Responsibilities and Skills (10%)
The CGFM Governmental Financial Management and Control exam is 115 questions on the following subjects:
- Internal Controls (25% of the exam)
- Internal and External Auditing (25%)
- Performance Measurement Reporting (13%)
- Financial and Managerial Analysis Techniques (7%)
- Financial and Managerial Concepts, Controls, and Techniques (30%)
CGFM Study Guide
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