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Updated: Oct 21, 2026

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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.

Certification Path of AGA CGFM: Certified Government Financial Manager (CGFM) Exam

The CGFM is an authoritative and closed book test, given exclusively online and to all other platforms, as well as those involved in fourth-year educational programs. The four-hour evaluation includes a broad variety of CGFM exam dumps training courses that may be used to arrange multiple tests in their businesses across a whole house of screening window. Saturday is now an option for others in an effort to increase flexibility. The assessment vendor will provide technical assistance on midweek as well as on Saturdays during the screenings house window. The test is conducted by experts whose objective is to help the AGA Institute to verify that all examiners are examined on comparable issues. Educating directors to supervise chosen providers and also exclude themselves as providers. (Projectors are usually the administrative assistant or fellowship planner of the program.) Doctors are not allowed to serve as proctors. The AGA Institute will definitely give comprehensive details on programs to be used in carrying out the test in the administrative manual. The CGFM is produced by subject-matter experts who make up the CGFM Subcommittee of the AGA Institute. The Subcommittee monitors the test product and keeps an eye on it. The panel is supported by many additional volunteer doctors at the AGA Institute. All evaluation questions are evaluated in many stages before being approved for examination. CGFM has been created in conjunction with the University of Michigan, Department of Medical Education and Learning.

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

Retirement Guide of AGA CGFM: Certified Government Financial Manager (CGFM) Exam

Additional explanations regarding the concept of retired status:

People need to be retired completely, not just to stop working or to change professions. Persons must be completely disengaged AND do not labor in the workplace. Those who have withdrawn yet continue to work component, coaching, lecturing or as a financial manager are NOT regarded to have decommissioned. Management accounting include non-profit and the commercial sector (e.g., CPA companies) - those working in these areas are NOT regarded retirement. The CGFM is produced by subject-matter experts who make up the CGFM Subcommittee of the AGA Institute. The Subcommittee monitors the test product and keeps an eye on it. The panel is supported by many additional volunteer doctors at the AGA Institute. All evaluation questions are evaluated in many stages before being approved for examination. CGFM has been created in conjunction with the University of Michigan, Department of Medical Education and Learning. When a person retires and then begins to work in another area without financial management obligations (for example, working as a florist), the person is regarded to have retired. Contributing does not mean working in the field - people may be able to contribute and qualify for retirement status, but, if the nature of the volunteer activity needs current knowledge in government finance management AGA members/CGFMs are urged to retain their active status. Choosing the status of retired is optional - retired people who wish to keep their participation in the AGA/CGFM operational service may do so by satisfying the active status criteria. For membership and certification, those who are both members of AGA and CGFMs who wish to alter their status to retirement must do so. Retired CGFMs are not needed to pay the renewal fee for CGFM or to complete CPE 80 hours. They might retain using the CGFM certification, but it must clearly show their retirement status by using “CGFM-Retired” after their names and using “Departed” in a portfolio, bio or other qualification's description. NOTE: CGFMs wishing to convert their retired to active status should follow the very same reinstatement procedures as absent CGFMs. AGA CGFM exam dumps also explains all the concepts of management accounting.

AGA CGFM Exam Overview:

Certification Vendor:AGA (Association of Government Accountants)
Exam Name:Certified Government Financial Manager (CGFM) Examinations: Governmental Environment; Governmental Accounting, Financial Reporting and Budgeting; Governmental Financial Management and Control
Exam Number:CGFM
Passing Score:500 (scaled, range 200-700) per exam
Exam Price:$150 USD per exam; application fee: $90 USD (members), $120 USD (non-members)
Exam Duration:135 per exam
Real Exam Qty:115 per exam, 345 total
Exam Format:Computer-based, Multiple-choice questions
Certificate Validity Period:Valid indefinitely; requires annual renewal and 80 hours of CPE every 2 years
Available Languages:English
Recommended Training:AGA Official Study Guides & Resources
Exam Registration:Pearson VUE Scheduling
AGA Official Registration
Sample Questions:AGA CGFM Sample Questions
Exam Way:Online proctored (OnVUE) or onsite at Pearson VUE testing centers; available year-round
Pre Condition:Bachelor's degree from accredited institution; minimum 2 years professional experience in government financial management; approved CGFM application
Official Syllabus URL:https://www.agacgfm.org/cgfm-certification/cgfm-exams/exam-content-outlines/

AGA CGFM Exam Syllabus Topics:

SectionObjectives
Topic 1: Examination 2: Governmental Accounting, Financial Reporting and Budgeting- Governmental Financial Accounting, Reporting and Budgeting: General Knowledge
- Federal Financial Accounting and Reporting
- State and Local Financial Accounting and Reporting
Topic 2: Examination 3: Governmental Financial Management and Control- Performance Measurement / Metrics / Service Efforts and Accomplishments (SEA)
- Financial and Managerial Analysis Techniques
- Internal Controls
- Auditing
- Financial Management Functions
Topic 3: Examination 1: Governmental Environment- Ethics as Applied to the Governmental Environment
- Government Management System (Cycle)
- Organization, Structure and Authority of Government
- Electronic Services in Government
- Legally Based Implications of the Government Financial Environment
- Concepts, Definitions and Notions of Public Accountability
- Governmental Financing Process

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