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To be eligible to take the CGFM exam, candidates must have a bachelor's degree from an accredited institution and at least two years of professional-level experience in government financial management. Candidates who pass all three exams and meet the experience requirements are awarded the CGFM certification. The CGFM is a valuable credential for government financial professionals, as it demonstrates their knowledge and expertise in the field and can lead to career advancement opportunities.
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AGA CGFM Certification Exam is a rigorous and challenging certification that requires individuals to have a strong understanding of government financial management. Individuals who pass the exam are highly regarded within the government financial management community and are considered to be experts in their field. If you are interested in pursuing a career in government financial management, the AGA CGFM Certification Exam is an excellent way to demonstrate your expertise and advance your career.
Reference: https://www.agacgfm.org/CGFM-Certification/About-CGFM.aspx
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The CGFM certification exam consists of three modules: Governmental Environment, Governmental Accounting, Financial Reporting and Budgeting, and Governmental Financial Management and Control. Each module contains multiple-choice questions and is designed to test candidates' knowledge and understanding of government financial management principles and practices. CGFM exam is administered at computer-based testing centers across the country and internationally.
AGA CGFM Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Examination 1: Governmental Environment | - Legally Based Implications of the Government Financial Environment - Electronic Services in Government - Ethics as Applied to the Governmental Environment - Organization, Structure and Authority of Government - Government Management System (Cycle) - Governmental Financing Process - Concepts, Definitions and Notions of Public Accountability |
| Topic 2: Examination 2: Governmental Accounting, Financial Reporting and Budgeting | - Governmental Financial Accounting, Reporting and Budgeting: General Knowledge - State and Local Financial Accounting and Reporting - Federal Financial Accounting and Reporting |
| Topic 3: Examination 3: Governmental Financial Management and Control | - Financial Management Functions - Financial and Managerial Analysis Techniques - Performance Measurement / Metrics / Service Efforts and Accomplishments (SEA) - Auditing - Internal Controls |
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