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AGA CGFM Exam Overview:
| Certification Vendor: | Association of Government Accountants (AGA) |
|---|---|
| Exam Name: | Governmental Environment (GE); Governmental Accounting, Financial Reporting and Budgeting (GAFRB); Governmental Financial Management and Control (GFMC) |
| Exam Number: | CGFM (Exam 1, Exam 2, Exam 3) |
| Real Exam Qty: | 115 questions per exam (345 total) |
| Passing Score: | Scaled score 500/700 per exam |
| Exam Price: | USD 150 per exam |
| Exam Duration: | 135 minutes per exam (3 exams total) |
| Available Languages: | English |
| Certificate Validity Period: | Renewal required annually; certification maintenance requires 80 CPE hours every 2 years |
| Related Certifications: | CDFM CIA CPA |
| Exam Format: | Multiple-choice |
| Recommended Training: | AGA CGFM Study Resources CGFM Exam Preparation Materials |
| Exam Registration: | Pearson VUE CGFM Exam Scheduling Official CGFM Certification Page (AGA) |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Computer-based testing via Pearson VUE (test center or online proctoring) |
| Pre Condition: | Bachelor's degree required; 2 years of government financial management experience required for certification (exams can be taken before experience is completed) |
| Official Syllabus URL: | https://www.agacgfm.org/cgfm-certification/cgfm-exams/ |
AGA CGFM Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Governmental Environment (GE) | - Legal and ethical framework of government finance - Government financing processes and cycles - Public accountability and governance systems - Government structure and authority |
| Topic 2: Governmental Accounting, Financial Reporting and Budgeting (GAFRB) | - Budgeting systems and processes - Governmental accounting principles - Financial reporting standards (federal, state, local) |
| Topic 3: Governmental Financial Management and Control (GFMC) | - Auditing processes and performance measurement - Financial management functions - Internal controls and risk management |
CGFM (AGA) Exam FAQ: Trusted Answers
AGA Certified Government Financial Manager (CGFM) is an official Association of Government Accountants (AGA) certification exam, registered under the code CGFM. Passing it awards the Certified Government Financial Manager (CGFM) certification, a credential at the Professional level. It also connects to CPA, CIA, CDFM. The exam is demanding by design, and that difficulty is precisely what makes the credential meaningful for career development.
The AGA Certified Government Financial Manager (CGFM) exam presents 115 questions per exam (345 total) questions within 135 minutes per exam (3 exams total). That is a brisk pace, and the candidates who handle it best are the ones who rehearsed it. Use the ActualPDF engine for full timed simulations, practice flagging and returning, and arrive on exam day with a pacing strategy already proven.
Passing AGA Certified Government Financial Manager (CGFM) takes Scaled score 500/700 per exam, and official registration costs USD 150 per exam. Retakes bill the full USD 150 per exam again, so preparation is the least expensive insurance available. Let your ActualPDF practice scores guide the timing: book when you clear the requirement consistently, not occasionally.
Bachelor's degree required; 2 years of government financial management experience required for certification (exams can be taken before experience is completed)
Policies get revised, so confirm the current requirements before you register on the official exam page.
AGA Certified Government Financial Manager (CGFM) registration is handled through the official channels below.
For scheduling purposes: the exam is delivered Computer-based testing via Pearson VUE (test center or online proctoring).
Yes, Association of Government Accountants (AGA) recommends the following training for AGA Certified Government Financial Manager (CGFM) candidates.
Complement any training with the 115 practice questions in the ActualPDF CGFM package, because repeated application is what turns course knowledge into a passing score.
Yes. ActualPDF offers a free demo of the AGA Certified Government Financial Manager (CGFM) questions, so you can verify the quality personally before purchasing. Your purchase then includes a one-year service warranty: updates are free for 365 days, and after expiry you can extend the update service at a 50% discount.
Your money is protected by a 100% money-back guarantee with defined conditions. Take the AGA Certified Government Financial Manager (CGFM) exam within 60 days of purchase; if you fail, you may claim a full refund, provided the exam matches your product. Attempts within 3 days of purchase are ineligible, as are downloaded-but-unused products, free materials, and expired orders; the candidate name must match the payer name. Submit a scanned enrollment slip and the official Score Report PDF within 2 days of the exam, and claims are processed within 7 days. You may instead wait for the update version or change to other exam material: exchange for two other exam products of equal value, free, with your original purchase keeping its update service.
Delivery is instant: files unlock for download at payment and are emailed within one minute. If nothing arrives within 2 hours, check spam and contact customer service, online 7/24 even on official holidays. Installation is unlimited across your computers.
AGA Certified Government Financial Manager (CGFM) is organized into 3 official domains. The most heavily weighted are Governmental Environment (GE), Governmental Financial Management and Control (GFMC), and Governmental Accounting, Financial Reporting and Budgeting (GAFRB). The full breakdown appears above on this page; study the weightings and your preparation priorities set themselves.
AGA Certified Government Financial Manager (CGFM) Sample Questions:
Under the control environment component of internal control, management should
- A. establish and operate activities to monitor the internal control system.
- B. implement control activities through policies.
- C. demonstrate a commitment to integrity and ethical values.
- D. communicate quality information to achieve the entity's objectives.
Correct Answer: C 🗳️
Explanation: Only visible for ActualPDF members. You can sign-up / login (it's free).
The value, in current dollars, of a sum of money to be received in the future describes
- A. annuity value.
- B. present value.
- C. payback value.
- D. future value.
Correct Answer: B 🗳️
GPRA requires agencies to prepare and submit a strategic plan, an annual performance plan and
- A. an annual performance report.
- B. the prior year's audited financial report.
- C. a SEA report.
- D. a five-year performance plan.
Correct Answer: A 🗳️
Explanation: Only visible for ActualPDF members. You can sign-up / login (it's free).
A federal government agency that expends beyond its appropriation is in violation of the
- A. Federal Financial Management Improvement Act.
- B. Federal Managers' Financial Integrity Act.
- C. Sarbanes-Oxley Act.
- D. Antideficiency Act.
Correct Answer: D 🗳️
Explanation: Only visible for ActualPDF members. You can sign-up / login (it's free).
A performance measurement that is measured the same way over several periods is
- A. consistent.
- B. relevant.
- C. timely.
- D. reliable.
Correct Answer: A 🗳️
Explanation: Only visible for ActualPDF members. You can sign-up / login (it's free).
