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AGA GFMC Exam Overview:
| Certification Vendor: | AGA |
|---|---|
| Exam Name: | Examination 3: Governmental Financial Management and Control (GFMC) |
| Exam Number: | GFMC |
| Exam Price: | $125 USD |
| Related Certifications: | Certified Government Financial Manager (CGFM) |
| Available Languages: | English |
| Exam Duration: | 135 minutes |
| Exam Format: | Multiple Choice |
| Real Exam Qty: | 115 |
| Sample Questions: |  |
| Exam Way: | Pearson VUE test center or online proctored exam (OnVUE) |
| Pre Condition: | Candidates must apply and be accepted into the CGFM certification program. A bachelor's degree and two years of professional-level government financial management experience are generally required for CGFM certification. |
| Official Syllabus URL: | https://www.agacgfm.org/CGFM-Certification/CGFM-Exams.aspx |
AGA GFMC Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Financial Management Functions | 22% | - Cash Management
|
| Auditing | 20% | - Government Auditing
|
| Financial and Managerial Analysis Techniques | 20% | - Analysis Techniques
|
| Performance Measurement, Metrics, and Service Efforts and Accomplishments | 13% | - Performance Measurement
|
| Internal Control | 25% | - Internal Control Framework
|
GFMC Exam FAQ: Before You Book Your Seat
AGA Examination 3: Governmental Financial Management and Control (GFMC) is an official AGA exam, listed under exam code GFMC. A passing result earns you the Government Financial Manager certification at the Professional level. It also ties into Certified Government Financial Manager (CGFM), extending its value across your certification roadmap. Employers read this credential as verified competence, which is why it keeps appearing in job requirements.
Expect 115 questions inside 135 minutes on the AGA Examination 3: Governmental Financial Management and Control (GFMC) exam. That pace punishes hesitation, so rehearse it: the ActualPDF software engine simulates the real exam scene, reminds you of the questions you got wrong, and pushes you to re-practice them until the clock stops being your enemy.
Candidates must apply and be accepted into the CGFM certification program. A bachelor's degree and two years of professional-level government financial management experience are generally required for CGFM certification.
Requirements evolve, so confirm the current conditions before registering on the official exam page.
Yes. ActualPDF provides a free download demo of the AGA Examination 3: Governmental Financial Management and Control (GFMC) material, so you can check the content before choosing a version. After purchase, a one-year warranty covers you: the latest version is sent to you as it releases, free for 365 days, and after expiry you can extend the update service at a 50% discount.
Your purchase is covered by a 100% money-back guarantee with clear conditions. Take the AGA Examination 3: Governmental Financial Management and Control (GFMC) exam within 60 days of purchase; if you fail, provide your unqualified result by submitting a scanned enrollment slip and the official Score Report PDF within 2 days of the exam, and the full refund is processed within 7 days. The exam must match your product, candidate and payer names must match, and attempts within 3 days of purchase, unused downloads, free materials, and expired orders are not covered. Alternatively, exchange for two other exam products of equal value, free, or wait for updates while keeping your original product's update service.
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The AGA Examination 3: Governmental Financial Management and Control (GFMC) syllabus spans 5 domains, led by Financial Management Functions (22%), Auditing (20%), and Financial and Managerial Analysis Techniques (20%). The complete topic list is published above; candidates who study the map first rarely get lost later.
AGA Examination 3: Governmental Financial Management and Control (GFMC) Sample Questions:
A purchasing officer is asked to select a vendor to provide office supplies. Which of the following vendors should be selected?
- A. the highest priced qualified bidder with the highest quality products
- B. the second lowest priced qualified bidder
- C. the third lowest priced qualified bidder who is pending state disbarment
- D. the mayor's high school classmate's company with the lowest qualified bid
Correct Answer: D 🗳️
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Which of the following acts requires federal agencies to pay interest to state government funds for entitlements that are not provided in a timely manner?
- A. Cash Management Improvement Act
- B. Accountability for Tax Dollars Act
- C. CFO Act
- D. Debt Collection Improvement Act
Correct Answer: A 🗳️
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Efficient inventory management will result in
- A. a low inventory turnover ratio.
- B. high total asset turnover.
- C. fewer instances of work stoppage.
- D. high write-offs of obsolete inventory.
Correct Answer: C 🗳️
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In defining the audit objectives of a performance audit, auditors should evaluate whether the audited entity has
- A. corrective actions to address prior findings and recommendations.
- B. internal controls in place.
- C. updated its financial reports' MD&A.
- D. updated its vision and strategic mission statements.
Correct Answer: A 🗳️
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What is the most fupdamental cash control?
- A. segregation of duties
- B. frequent reconciliation of bank accounts
- C. analysis of cash reports
- D. use of automated systems
Correct Answer: B 🗳️
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