Certified Government Financial Manager (CGFM) Exam
The Certified Government Financial Manager (CGFM) program, offered by the Association of Government Accountants (AGA), is a distinguished professional certification designed to enhance your expertise in government financial management. Achieving the CGFM credential demonstrates your mastery of key principles and practices in governmental accounting, auditing, budgeting, and overall financial management within the public sector.
Who Should Pursue This Certification?
The CGFM credential is ideal for professionals aiming to advance in government finance, including:
- Government accountants and auditors
- Budget analysts and financial managers
- Public administration specialists
- Individuals seeking career growth within public sector finance
Course Outline
The Certified Government Financial Manager (CGFM) Exam covers the following -
- Examination 1: Government Environment (GE)
- Examination 2: Governmental Accounting, Financial Reporting and Budgeting (GAFRB)
- Examination 3: Governmental Financial Management and Control (GFMC)
Certified Government Financial Manager (CGFM) FAQs
What books can I refer to prepare for the CGFM examination?
AGA has designed its three study guides to assist the study for all the three CGFM examinations. Exam 1: Governmental Environment, Exam 2: Governmental Accounting, Financial Reporting and Budgeting, and for Exam 3: Governmental Financial Management and Control.
How long are the exams?
Each examination of CGFM has 115 questions. You are given 2 hours and 15 minutes to complete each of the exams.
Are there sample questions available for the three CGFM examinations?
Yes, sample questions for CGFM examinations are available on the official site of CGFM.
What is the best approach to study for the CGFM examination?
The finest way to study itself depends on the candidate’s knowledge, time, experience, location constraints and individual preferences. The candidate can start by evaluating the content of each exam.
What is “My path to CGFM” by AGA?
“My path to CGFM” by AGA has been designed to help the CGFM candidates in monitoring their progress for completing their CGFM. Through this, candidates will be capable to monitor which steps they have already completed and can view their eligibility status, end of eligibility status and exam status.
Does a candidate necessarily have to be a member of AGA for applying for CGFM?
No. AGA membership renders various valuable advantages, but it is not necessary for the CGFM certification.
How long is the eligibility period for the CGFM exam?
The candidate has 18 months from the date of their application to be reviewed to clear the three CGFM examinations.
How do I apply for CGFM certification?
Go to Certification Process for information on application requirements and to apply online go to the official page of AGA’s CGFM.
What is the education requirement for the CGFM exam?
The candidate must have a bachelor's degree from an authorized college or university.
My eligibility period is going to end soon, and I have not taken all three examinations yet. What do I do? Can I get an extension?
If the candidate’s eligibility period ends before they pass all three CGFM exams, then they will reapply for exams and pass all the exams again. Extensions of eligibility period may be granted to those individuals who have passed some but not all of their exams before the last of their period. And, no extensions will be given to those individuals who have not cleared any of their CGFM exams. To request an extension of eligibility and getting the correct information, contact AGA 30 days before the expiration date of the eligibility period.
What are the benefits of the CGFM certification?
The candidate will enhance their marketability, reader network opportunities with the governmental financial managers. Also, it will increase employee value and confidence on the job.