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Updated: Aug 04, 2026
No. of Questions: 115 Questions & Answers with Testing Engine
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Additional explanations regarding the concept of retired status:
People need to be retired completely, not just to stop working or to change professions. Persons must be completely disengaged AND do not labor in the workplace. Those who have withdrawn yet continue to work component, coaching, lecturing or as a financial manager are NOT regarded to have decommissioned. Management accounting include non-profit and the commercial sector (e.g., CPA companies) - those working in these areas are NOT regarded retirement. The CGFM is produced by subject-matter experts who make up the CGFM Subcommittee of the AGA Institute. The Subcommittee monitors the test product and keeps an eye on it. The panel is supported by many additional volunteer doctors at the AGA Institute. All evaluation questions are evaluated in many stages before being approved for examination. CGFM has been created in conjunction with the University of Michigan, Department of Medical Education and Learning. When a person retires and then begins to work in another area without financial management obligations (for example, working as a florist), the person is regarded to have retired. Contributing does not mean working in the field - people may be able to contribute and qualify for retirement status, but, if the nature of the volunteer activity needs current knowledge in government finance management AGA members/CGFMs are urged to retain their active status. Choosing the status of retired is optional - retired people who wish to keep their participation in the AGA/CGFM operational service may do so by satisfying the active status criteria. For membership and certification, those who are both members of AGA and CGFMs who wish to alter their status to retirement must do so. Retired CGFMs are not needed to pay the renewal fee for CGFM or to complete CPE 80 hours. They might retain using the CGFM certification, but it must clearly show their retirement status by using “CGFM-Retired” after their names and using “Departed” in a portfolio, bio or other qualification's description. NOTE: CGFMs wishing to convert their retired to active status should follow the very same reinstatement procedures as absent CGFMs. AGA CGFM exam dumps also explains all the concepts of management accounting.
Certified State Financial Manager is a professional certification given by AGA, showing expertise in federal, state and local government accounting, auditing, financial reporting, internal control and management. CGFM is a recognized certification that acknowledges the specific expertise and knowledge that a successful financial manager of the Government needs. You may increase your professional possibilities and differentiate yourself from the others in your industry by becoming a CGFM. AGA CGFM exam dumps is the best way to learn all the concepts of the examination.
Reference: https://www.agacgfm.org/CGFM-Certification/About-CGFM.aspx
| 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 |
| Passing Score: | 500 (scaled, range 200-700) per exam |
| Certificate Validity Period: | Valid indefinitely; requires annual renewal and 80 hours of CPE every 2 years |
| Real Exam Qty: | 115 per exam, 345 total |
| Available Languages: | English |
| Exam Duration: | 135 per exam |
| Exam Price: | $150 USD per exam; application fee: $90 USD (members), $120 USD (non-members) |
| Exam Format: | Computer-based, Multiple-choice questions |
| Recommended Training: | AGA Official Study Guides & Resources |
| Exam Registration: | Pearson VUE Scheduling AGA Official Registration |
| Sample Questions: | AGA CGFM 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 3: Governmental Financial Management and Control | - Internal Controls - Financial and Managerial Analysis Techniques - Performance Measurement / Metrics / Service Efforts and Accomplishments (SEA) - Financial Management Functions - Auditing |
| Topic 2: Examination 2: Governmental Accounting, Financial Reporting and Budgeting | - Federal Financial Accounting and Reporting - State and Local Financial Accounting and Reporting - Governmental Financial Accounting, Reporting and Budgeting: General Knowledge |
| Topic 3: Examination 1: Governmental Environment | - Electronic Services in Government - Legally Based Implications of the Government Financial Environment - Ethics as Applied to the Governmental Environment - Organization, Structure and Authority of Government - Concepts, Definitions and Notions of Public Accountability - Government Management System (Cycle) - Governmental Financing Process |
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