AGA CGFM Q&A - in .pdf

  • Exam Code: CGFM
  • Exam Name: Certified Government Financial Manager (CGFM)
  • Q & A: 115 Questions and Answers
  • PDF Price: $49.99
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  • Exam Code: CGFM
  • Exam Name: Certified Government Financial Manager (CGFM)
  • Q & A: 115 Questions and Answers
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About AGA CGFM Exam Still Valid Dumps

The Certified Government Financial Manager (CGFM) exam is a professional certification program for individuals who work in financial management positions in government agencies. The CGFM is awarded by the Association of Government Accountants (AGA), which is a professional organization for government financial professionals. The CGFM exam is designed to test the knowledge and skills of financial managers in areas such as financial reporting, budgeting, and auditing.

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The CGFM certification exam consists of three modules: Governmental Environment, Governmental Accounting, Financial Reporting and Budgeting, and Governmental Financial Management and Control. Each module contains multiple-choice questions and is designed to test candidates' knowledge and understanding of government financial management principles and practices. CGFM exam is administered at computer-based testing centers across the country and internationally.

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The Certified Government Financial Manager (CGFM) Exam is a professional certification offered by the Association of Government Accountants (AGA). The CGFM designation is designed for financial professionals working in the government sector who want to demonstrate their knowledge, skills, and abilities in their profession. CGFM certification helps individuals show that they are qualified to manage the financial aspects of government programs and organizations.

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

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Individuals who pass the CGFM Exam are eligible to receive the CGFM certification, which is a professional credential that is recognized by employers, clients, and colleagues as a sign of expertise in government financial management. Certified Government Financial Manager (CGFM) certification can help individuals advance their careers, increase their earning potential, and gain recognition for their expertise in the field.

AGA CGFM Exam Syllabus Topics:

SectionObjectives
CGFM Exam 3: Financial Reporting, Control, and Analysis- Financial Statement Analysis
  • 1. Performance evaluation metrics
  • 2. Liquidity and solvency analysis
  • 3. Ratio analysis
- Auditing in the Government Environment
  • 1. Single Audit Act
  • 2. Audit planning and reporting
  • 3. Government auditing standards (GAGAS)
- Control Frameworks and Systems
  • 1. IT controls and security
  • 2. Monitoring activities
  • 3. COSO internal control framework
- Financial Reporting
  • 1. Comprehensive annual financial report (CAFR)
  • 2. Management's discussion and analysis (MD&A)
  • 3. Basic financial statements
- Compliance and Accountability
  • 1. Legal and regulatory compliance
  • 2. Grant compliance requirements
  • 3. Accountability reporting
CGFM Exam 2: Governmental Accounting- Fund Accounting and Financial Reporting
  • 1. Financial statement preparation
  • 2. Modified accrual basis
  • 3. Fund types and classifications
- GASB Standards
  • 1. Key GASB pronouncements
  • 2. GASB conceptual framework
  • 3. Financial reporting entity
- Principles of Governmental Accounting
  • 1. Fund accounting concepts
  • 2. GAAP for governments
  • 3. Governmental accounting fundamentals
- Federal Government Accounting
  • 1. Federal financial reporting
  • 2. USSGL concepts
  • 3. Federal accounting standards
- State and Local Government Transactions
  • 1. Capital projects and debt service funds
  • 2. Special revenue funds
  • 3. General fund accounting
- Budgetary Accounting
  • 1. Budgetary entries
  • 2. Encumbrance accounting
  • 3. Budgetary control
CGFM Exam 1: Financial Management- Strategic Planning and Performance Measurement
  • 1. Performance measurement frameworks
  • 2. Balanced scorecard
  • 3. Strategic planning concepts
- Government Contracting and Procurement
  • 1. Procurement processes
  • 2. Contract administration
  • 3. Contract types and evaluation
- Revenue, Expenditure, and Expense Recognition
  • 1. Expenditure accounting
  • 2. Cost accounting concepts
  • 3. Revenue recognition principles
- Budgeting and Budget Preparation
  • 1. Budget preparation techniques
  • 2. Capital budgeting
  • 3. Budget cycle and process
- Risk Management and Internal Controls
  • 1. Control activities
  • 2. Internal control frameworks
  • 3. Enterprise risk management
- Financial Management and Analysis
  • 1. Working capital management
  • 2. Cash management
  • 3. Financial analysis techniques

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