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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) |
| Available Languages: | English |
| Exam Duration: | 135 minutes per exam (3 exams total) |
| Certificate Validity Period: | Renewal required annually; certification maintenance requires 80 CPE hours every 2 years |
| Real Exam Qty: | 115 questions per exam (345 total) |
| Related Certifications: | CIA CPA CDFM |
| Exam Format: | Multiple-choice |
| Passing Score: | Scaled score 500/700 per exam |
| Exam Price: | USD 150 per exam |
| Recommended Training: | AGA CGFM Study Resources CGFM Exam Preparation Materials |
| Exam Registration: | Official CGFM Certification Page (AGA) Pearson VUE CGFM Exam Scheduling |
| Sample Questions: | ![]() |
| 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 Accounting, Financial Reporting and Budgeting (GAFRB) | - Governmental accounting principles - Financial reporting standards (federal, state, local) - Budgeting systems and processes |
| Topic 2: Governmental Environment (GE) | - Government financing processes and cycles - Public accountability and governance systems - Government structure and authority - Legal and ethical framework of government finance |
| Topic 3: Governmental Financial Management and Control (GFMC) | - Auditing processes and performance measurement - Internal controls and risk management - Financial management functions |
AGA Certified Government Financial Manager (CGFM) FAQ: Clear Answers for Serious Candidates
The CGFM exam is AGA's official route to the Certified Government Financial Manager (CGFM) certification (Professional level). For IT professionals building a career, it signals verified skill — the kind of advantage that tips better opportunities your way. It also sits in a family of related credentials: CPA, CIA, CDFM.
Delivery is instant — files unlock at payment and a copy lands in your email within a minute; our 24/7 online service team responds within 2 hours if anything goes missing, and there are no installation limits. On refunds, our guarantee is real but conditional: take the corresponding CGFM exam within 60 days of purchase, and if you fail, send a scanned enrollment slip plus the official Score Report PDF within 2 days of the exam — we process the full refund within 7 days. Exams taken within 3 days of purchase, name mismatches between candidate and payer, and free or expired products are excluded. Rather have a replacement? Exchange for two equal-value exam products free and keep your original updates.
Yes — the vendor points candidates to these courses:
Training teaches; practice reveals. Once a course ends, the CGFM practice questions from BraindumpsIT tell you how much of it will survive real exam conditions.
Bachelor's degree required; 2 years of government financial management experience required for certification (exams can be taken before experience is completed) Requirements like these do get updated, so confirm the details on the official exam page — official CGFM exam information — before you spend anything on registration.
Registration runs USD 150 per exam, and the pass mark is Scaled score 500/700 per exam. Paying by credit card is the standard route — safe and stable for both buyer and seller. And remember the fee is per attempt: a retake costs the same again, which is why candidates drill with the 115 practice questions from BraindumpsIT until their margin is comfortable.
The exam sets 115 questions per exam (345 total) questions against 135 minutes per exam (3 exams total) on the clock. That pairing punishes hesitation, so train it out: set a per-question budget, flag-and-return instead of freezing, and rehearse full timed sessions in the BraindumpsIT engine until pacing is automatic.
Yes — a free PDF demo lets you examine the question quality first. If you buy, 365 days of free updates are included, with new versions sent to you as they're released; an expired update period can be renewed later at 50% off.
Registration runs through the vendor's official channels:
The exam is available Computer-based testing via Pearson VUE (test center or online proctoring) — choose whatever fits your schedule and setup when you book.
Expect 3 domains in the AGA Certified Government Financial Manager (CGFM) blueprint, headlined by Governmental Accounting, Financial Reporting and Budgeting (GAFRB), Governmental Environment (GE), Governmental Financial Management and Control (GFMC). Use the weights as your study budget — high-percentage domains earn the most points per hour. The complete outline above has the full breakdown.
AGA Certified Government Financial Manager (CGFM) Sample Questions:
Given the information below, which control would be the lowest priority?
Asset$Amount at RiskCost of Control
- A. Asset D$500,000$20,000
- B. AssetA $ 150,000$15,000
- C. Asset B$6,000$ 2,500
- D. Asset C$2,000,000$50,000
Correct Answer: C 🗳️
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The first step when gathering data for making strategic sourcing decisions is
- A. contacting vendors to submit bids under the request for bid process.
- B. developing supplier performance measures to add into the purchase agreements.
- C. contacting business units to find out if there are existing purchasing contracts in place.
- D. researching spend data by category for each business unit.
Correct Answer: D 🗳️
Explanation: Only visible for BraindumpsIT members. You can sign-up / login (it's free).
Pay.gov is an example of
- A. a concentration system.
- B. a zero-balance account.
- C. a data warehouse system.
- D. an electronic lockbox.
Correct Answer: D 🗳️
Explanation: Only visible for BraindumpsIT members. You can sign-up / login (it's free).
Planning to support ongoing financial operations in the event of a natural disaster is based on the assumption that
- A. leadership and staff will reconvene at an alternate location.
- B. government agencies will need to operate as standalone organizations.
- C. a fully redundant infrastructure will be available to staff at an alternate location.
- D. there may be no warning of the potential emergency.
Correct Answer: D 🗳️
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The goal of shared gervices is to
- A. transfer responsibilities to another entity.
- B. efficiently aggregate resources.
- C. provide private business opportunities.
- D. reduce current staffing levels.
Correct Answer: B 🗳️
Explanation: Only visible for BraindumpsIT members. You can sign-up / login (it's free).
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