- Exam Code: GAFRB
- Exam Name: Examination 2: Governmental Accounting, Financial Reporting and Budgeting (GAFRB)
- Updated: Oct 25, 2026
- Q & A: 117 Questions and Answers
AGA GAFRB actual dump : Examination 2: Governmental Accounting, Financial Reporting and Budgeting (GAFRB)
PDF Version DemoAbout AGA GAFRB Exam Questions
Returned customers are the loudest testimony. Buyers come back to Actual4Dumps because we keep them informed of the latest AGA Examination 2: Governmental Accounting, Financial Reporting and Budgeting (GAFRB) products — 117 practice questions for the GAFRB exam, updated free for 365 days.
AGA GAFRB Exam Overview:
| Certification Vendor: | AGA (Association of Government Accountants) |
|---|---|
| Exam Name: | Governmental Accounting, Financial Reporting and Budgeting |
| Exam Number: | GAFRB (Examination 2) |
| Certificate Validity Period: | N/A (Certification valid with maintenance) |
| Exam Format: | Multiple Choice |
| Real Exam Qty: | 115 |
| Exam Duration: | 150 minutes |
| Passing Score: | 75% |
| Exam Price: | USD $125 |
| Available Languages: | English |
| Related Certifications: | Certified Government Financial Manager (CGFM) |
| Sample Questions: |  |
| Exam Way: | Computer-based testing at Pearson VUE centers or online proctoring. |
| Pre Condition: | Must be accepted into the CGFM program before scheduling the exam. |
| Official Syllabus URL: | https://www.agacgfm.org/CGFM/Exams/Exam-Content-Outlines.aspx |
AGA GAFRB Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Governmental Financial Accounting, Reporting and Budgeting: General Knowledge | 40% | - Influences, objectives and role of standards
|
| State and Local Financial Accounting and Reporting | 30% | - GASB standards application
|
| Federal Financial Accounting and Reporting | 30% | - Federal accounting environment
|
AGA GAFRB Exam: What Candidates Ask
The AGA Examination 2: Governmental Accounting, Financial Reporting and Budgeting (GAFRB) is AGA's certification exam for Government Financial Manager, at the Intermediate level. It validates skills employers hire for, which is why it can affect your career and future. Related credentials include Certified Government Financial Manager (CGFM).
Files arrive by automatic email within a minute of payment — unlimited installations, and 24/7 customer assisting for any login or downloading issues if nothing shows up within 2 hours. If you fail the corresponding GAFRB exam within 60 days of purchase, you have options: a full refund (send a scanned enrollment slip plus the official Score Report PDF within 2 days of the exam; processed within 7 days), waiting for the next updated version free, or changing to two other equal-value dumps free. Excluded: exams within 3 days of purchase, candidate names that don't match the payer, and free or expired products.
Must be accepted into the CGFM program before scheduling the exam. Vendors revise eligibility rules from time to time, so verify the current requirements on the official page (official GAFRB exam page) before booking.
The AGA Examination 2: Governmental Accounting, Financial Reporting and Budgeting (GAFRB) blueprint covers 3 domains — including Federal Financial Accounting and Reporting (30%), State and Local Financial Accounting and Reporting (30%), Governmental Financial Accounting, Reporting and Budgeting: General Knowledge (40%). The weightings tell you where to spend your hours; the complete outline above lists every subtopic.
USD $125 per attempt, 75% to pass. A retake bills the full fee again, so prepare smartly: work through the 117 practice questions for the GAFRB exam at Actual4Dumps before you book.
150 minutes for 115 questions. Efficient preparation includes pacing: rehearse timed sets until the clock feels manageable, not menacing.
Yes — download the free AGA Examination 2: Governmental Accounting, Financial Reporting and Budgeting (GAFRB) demo and judge the quality before paying. Purchases include 365 days of free updates, with each latest version emailed to you immediately; renew afterward at 50% off.
AGA Examination 2: Governmental Accounting, Financial Reporting and Budgeting (GAFRB) Sample Questions:
Question #1
A federal entity would record a payment of a payable in which of the following journal entries?
- A. Debit Delivered Orders-Obligations. Unpaid
Credit Delivered Orders-Obligations, Paid Debit Accounts Payable
Credit Fund Balance with Treasury - B. Debit Commitments
Credit Delivered Orders-Obligations, Unpaid Debit Accounts Payable
Credit Fund Balance with Treasury - C. Debit Unapportioned Authorities
Credit Delivered Orders-Obligations, Paid Debit Accounts Payable
Credit Fund Balance with Treasury - D. Debit Undelivered Order-Obligations, Unpaid
Credit Delivered Orders-Obligations, Paid Debit Accounts Payable
Credit Fund Balance with Treasury
Correct Answer: A 🗳️
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Question #2
Which of the following events is an example of an expenditure but not an expense?
- A. At the end of the fiscal year, the government pays for ten vehicles which will be depreciated over five years.
- B. At the end of the fiscal year, the government pays its employees for work performed.
- C. At the end of the fiscal year, the government signs a contract to buy office furniture.
- D. At the end of the fiscal year, the government receives and pays its electric bill for the previous month.
Correct Answer: A 🗳️
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Question #3
of the following are integral parts of state governments* formal financial statements EXCEPT the
- A. auditors letter.
- B. RSI.
- C. basic financial statements.
- D. notes.
Correct Answer: A 🗳️
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Question #4
The Office of Personnel Management provides employee pension benefits for an agency's employees and bills the agency for a portion of the costs. The portion of costs not billed to the agency is an
- A. imputed cost to be recognized by the agency.
- B. inferred cost to be recognized by the Office of Personnel Management.
- C. imputed cost to be recognized by the Office of Personnel Management.
- D. inferred cost to be recognized by the agency.
Correct Answer: A 🗳️
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Question #5
Information is reported in the notes to the financial statements to support all of the following goals EXCEPT to
- A. provide detailed information that is not described in the basic financial statements.
- B. provide narrative information.
- C. satisfy disclosure requirements.
- D. provide information in a timely and comparable format.
Correct Answer: D 🗳️
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