- Exam Code: CGFM
- Exam Name: Certified Government Financial Manager (CGFM)
- Updated: Sep 18, 2026
- Q & A: 115 Questions and Answers
Ask anyone who has retaken the AGA Certified Government Financial Manager (CGFM) exam and they will tell you the second registration fee stings more than the first. Actual4Dumps exists to make your first CGFM attempt the only one, with 115 practice questions that leave little to chance.
| Certification Vendor: | AGA (Association of Government Accountants) |
|---|---|
| Exam Name: | Certified Government Financial Manager (CGFM) Examinations: Governmental Environment; Governmental Accounting, Financial Reporting and Budgeting; Governmental Financial Management and Control |
| Exam Number: | CGFM |
| Real Exam Qty: | 115 per exam, 345 total |
| Exam Price: | $150 USD per exam; application fee: $90 USD (members), $120 USD (non-members) |
| Exam Format: | Multiple-choice questions, Computer-based |
| Certificate Validity Period: | Valid indefinitely; requires annual renewal and 80 hours of CPE every 2 years |
| Passing Score: | 500 (scaled, range 200-700) per exam |
| Available Languages: | English |
| Exam Duration: | 135 per exam |
| Recommended Training: | AGA Official Study Guides & Resources |
| Exam Registration: | Pearson VUE Scheduling AGA Official Registration |
| Sample Questions: | ![]() |
| Exam Way: | Online proctored (OnVUE) or onsite at Pearson VUE testing centers; available year-round |
| Pre Condition: | Bachelor's degree from accredited institution; minimum 2 years professional experience in government financial management; approved CGFM application |
| Official Syllabus URL: | https://www.agacgfm.org/cgfm-certification/cgfm-exams/exam-content-outlines/ |
| Section | Objectives |
|---|---|
| Topic 1: Examination 1: Governmental Environment | - Electronic Services in Government - Legally Based Implications of the Government Financial Environment - Government Management System (Cycle) - Concepts, Definitions and Notions of Public Accountability - Organization, Structure and Authority of Government - Governmental Financing Process - Ethics as Applied to the Governmental Environment |
| Topic 2: Examination 3: Governmental Financial Management and Control | - Financial Management Functions - Internal Controls - Performance Measurement / Metrics / Service Efforts and Accomplishments (SEA) - Financial and Managerial Analysis Techniques - Auditing |
| Topic 3: Examination 2: Governmental Accounting, Financial Reporting and Budgeting | - State and Local Financial Accounting and Reporting - Governmental Financial Accounting, Reporting and Budgeting: General Knowledge - Federal Financial Accounting and Reporting |
AGA Certified Government Financial Manager (CGFM) is an official certification exam from AGA (Association of Government Accountants), identified by the exam code CGFM. Pass it and you hold the Certified Government Financial Manager (CGFM) certification, which sits at the Professional level. In practical terms, this certification tells employers your skills have been measured against the vendor's own standard, which is why certified candidates tend to stand out in hiring and promotion decisions.
Expect 115 per exam, 345 total questions within 135 per exam on the AGA Certified Government Financial Manager (CGFM) exam. Numbers aside, the real challenge is rhythm: lingering too long on one item quietly steals time from three others. Build the habit of answering, flagging, and moving on, then rehearse the full experience under a countdown with the Actual4Dumps test engine until finishing comfortably early becomes your norm.
Registration for AGA Certified Government Financial Manager (CGFM) officially runs $150 USD per exam; application fee: $90 USD (members), $120 USD (non-members), with 500 (scaled, range 200-700) per exam required to pass. Worth knowing before you book: retakes are billed at the same full $150 USD per exam; application fee: $90 USD (members), $120 USD (non-members), so a failed attempt doubles your spend. The smarter sequence is to measure yourself first. When your scores on the Actual4Dumps practice tests clear the passing line with room to spare, consistently, that is your signal to schedule the real thing.
Bachelor's degree from accredited institution; minimum 2 years professional experience in government financial management; approved CGFM application
Because vendors update their policies without much fanfare, verify the latest entry requirements before you book using the official exam page.
Booking for the AGA Certified Government Financial Manager (CGFM) exam goes through the vendor's official registration channels.
When you choose your slot, note that the exam is delivered Online proctored (OnVUE) or onsite at Pearson VUE testing centers; available year-round.
AGA (Association of Government Accountants) lists the following recommended training for AGA Certified Government Financial Manager (CGFM) candidates.
Courses teach the concepts; repetition makes them exam-ready. Round out whichever training you pick with the 115 practice questions from Actual4Dumps, and each topic stops being theory and starts being points.
Yes, and we encourage it. Download the free PDF demo of the AGA Certified Government Financial Manager (CGFM) questions from Actual4Dumps and evaluate the quality on your own terms. After you buy, every update for the next 365 days is free, and when that window closes you can extend your update service at half price.
A 100% money-back guarantee applies, governed by clear conditions. If you sit the AGA Certified Government Financial Manager (CGFM) exam within 60 days of purchase and fail, you can claim a full refund, as long as the exam corresponds to your product. Attempts made within 3 days of purchase are ineligible, as are products you downloaded but never used, free materials, and expired orders; the name on the exam record must match the payer's name. File your claim with a scanned enrollment slip and the official Score Report PDF within 2 days of the exam, and it is settled within 7 days. Rather have a replacement than a refund? You may exchange for two other exam products of equal value, free, and your original product keeps its update service.
Delivery is essentially instantaneous: files unlock for download at payment and arrive in your email within one minute. Some vendors make you wait a day; if 2 hours pass here without delivery, check spam and contact customer service. Install on as many computers as you like, with no restrictions.
The AGA Certified Government Financial Manager (CGFM) blueprint spans 3 domains. The ones carrying the most weight include Examination 3: Governmental Financial Management and Control, Examination 2: Governmental Accounting, Financial Reporting and Budgeting, and Examination 1: Governmental Environment. The complete domain-by-domain breakdown is in the exam topics section above; treat it as your master checklist and let the weights tell you where your study hours earn the most.
The Federal Credit Reform Act requires complex calculations, which are likely to include errors. This is an example of
Correct Answer: C 🗳️
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A single audit report will include an opinion or disclaimer of opinion that the financial statements are
Correct Answer: D 🗳️
Explanation: Only visible for Actual4Dumps members. You can sign-up / login (it's free).
The National Performance Management Advisory Commission established a comprehensive framework that incorporates performance measurement into the
Correct Answer: C 🗳️
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Management segregates duties among staff in order to reduce the risk of fraud
Correct Answer: B 🗳️
Explanation: Only visible for Actual4Dumps members. You can sign-up / login (it's free).
The main objective of the Cash Management Improvement Act is to require
Correct Answer: C 🗳️
Explanation: Only visible for Actual4Dumps members. You can sign-up / login (it's free).
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