Read full description
Prepare for the AGA (Association of Government Accountants) Certified Government Financial Manager (CGFM) exams with a focused, comprehensive study companion aligned to AGA's current examination content outlines, which reflect government regulations in effect as of the beginning of 2024.
CGFM Study Guide organizes everything around the fifteen content sections across all three CGFM examinations — Examination 1: Governmental Environment; Examination 2: Governmental Accounting, Financial Reporting and Budgeting; and Examination 3: Governmental Financial Management and Control — so you study exactly what the exams test, in the proportions they test it.
FIVE WAYS TO STUDY
• 172 flashcards — tap to flip, tagged by exam and content section
• 128 multiple-choice questions with worked explanations
• 103 true/false drills built from real misconceptions
• Term-matching game — pair all 118 key terms, in rounds of five
• Searchable 118-term glossary and 43 formulas
TOPICS COVERED
Examination 1 — Governmental Environment
• Organization, structure and authority of government: federal, state and local levels; separation of powers; the roles of legislatures, executives and courts
• Legally based implications of the government financial environment: appropriations, anti-deficiency, procurement and grant rules
• The government management system (cycle): planning, programming, budgeting, operating, accounting and reporting
• Governmental financing process: taxes, debt, intergovernmental revenue and user fees
• Concepts, definitions and notions of public accountability: stewardship, transparency and oversight
• Ethics as applied to the government environment: codes of conduct, conflicts of interest, whistleblower protections
• Providing government services and information electronically
Examination 2 — Governmental Accounting, Financial Reporting and Budgeting
• General knowledge: standards setters (GASB, FASAB), fund accounting, bases of accounting, budget formulation and execution
• State and local financial accounting and reporting: fund types, government-wide statements, the ACFR, modified vs. full accrual
• Federal financial accounting and reporting: budgetary vs. proprietary accounting, the USSGL, agency financial reports
Examination 3 — Governmental Financial Management and Control
• Financial management functions: cash, debt, grants, procurement, asset and payroll management
• Financial and managerial analysis techniques: cost accounting, variance analysis, present value and benefit-cost analysis
• Internal control: the COSO framework, GAO Green Book, risk assessment and control activities
• Performance measurement, metrics and service efforts and accomplishments (SEA)
• Auditing: Yellow Book (GAGAS) standards, audit types, auditor independence, single audits
Start free with a preview of every section. Unlock Premium with a one-time lifetime purchase or a low monthly subscription — both include the entire question bank, glossary and formula library.
This app is an independent study aid and is not affiliated with, endorsed by or sponsored by AGA (the Association of Government Accountants). All trademarks are the property of their respective owners. Exam content and policies change over time — always verify current requirements with the certifying body.