CGFM Q&As - in .pdf

CGFM pdf
  • Exam Code: CGFM
  • Exam Name: Certified Government Financial Manager (CGFM)
  • Updated: Sep 18, 2026
  • Q & A: 115 Questions and Answers
  • PDF Price: $49.99
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  • Exam Code: CGFM
  • Exam Name: Certified Government Financial Manager (CGFM)
  • Updated: Sep 18, 2026
  • Q & A: 115 Questions and Answers
  • PDF Version + PC Test Engine + Online Test Engine
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CGFM Testing Engine
  • Exam Code: CGFM
  • Exam Name: Certified Government Financial Manager (CGFM)
  • Updated: Sep 18, 2026
  • Q & A: 115 Questions and Answers
  • Software Price: $49.99
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The CGFM certification program is open to individuals who are currently working or have worked in the government financial management sector. Certified Government Financial Manager (CGFM) certification program requires candidates to pass three exams covering government financial management, government accounting, and financial reporting and analysis.

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The CGFM certification is designed to help government financial professionals achieve a higher level of competency and professionalism. It is a rigorous exam that covers a wide range of topics related to financial management in the public sector. Some of the topics covered include financial reporting and analysis, budgeting and forecasting, financial systems and controls, and auditing and compliance.

Reference: https://www.agacgfm.org/CGFM-Certification/About-CGFM.aspx

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AGA CGFM Exam Syllabus Topics:

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

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