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Last Updated: Sep 14, 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.

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

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

AGA CGFM exam dumps include the following topics:

Examination 1: Government Environment (GE)

  • Identifying definitions, and the notions of public accountability (12%)
  • The legally-based significance of the government financial environment (15%)
  • The organization, authority and structure of government (15%)
  • Delivering government information and services electronically (8%)
  • Government management unicycle (16%)
  • Governmental financing procedure (24%)
  • Ethics as implemented to the governmental environment (10%)

Examination 2: Governmental Accounting, Financial Reporting and Budgeting (GAFRB)

  • Governmental financial reporting, accounting, and budgeting general knowledge (40%)
  • Federal financial reporting and accounting (30%)
  • Local and State financial reporting and accounting (30%)

Examination 3: Governmental Financial Management and Control (GFMC)

  • Internal dominance (25%)
  • Auditing (20%)
  • Performance management//service attempt and accomplishments (15%)
  • Financial management (25%)
  • Managerial and Financial Analysis Techniques (15%)

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AGA CGFM Exam Syllabus Topics:

SectionObjectives
Governmental Accounting, Financial Reporting and Budgeting (GAFRB)- Financial reporting standards (federal, state, local)
- Budgeting systems and processes
- Governmental accounting principles
Governmental Financial Management and Control (GFMC)- Internal controls and risk management
- Financial management functions
- Auditing processes and performance measurement
Governmental Environment (GE)- Public accountability and governance systems
- Legal and ethical framework of government finance
- Government financing processes and cycles
- Government structure and authority
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