Best tutor, friend, and confidant on your preparation road — that's the service behind the AGA Certified Government Financial Manager (CGFM) training vce at LatestCram: 115 practice questions for the CGFM exam in 2026.

AGA CGFM Exam Syllabus Topics:

Section

Objectives

CGFM Exam 2: Governmental Accounting

- State and Local Government Transactions

1. General fund accounting
2. Capital projects and debt service funds
3. Special revenue funds

- GASB Standards

1. GASB conceptual framework
2. Financial reporting entity
3. Key GASB pronouncements

- Federal Government Accounting

1. USSGL concepts
2. Federal financial reporting
3. Federal accounting standards

- Principles of Governmental Accounting

1. Governmental accounting fundamentals
2. Fund accounting concepts
3. GAAP for governments

- Fund Accounting and Financial Reporting

1. Fund types and classifications
2. Modified accrual basis
3. Financial statement preparation

- Budgetary Accounting

1. Encumbrance accounting
2. Budgetary control
3. Budgetary entries

CGFM Exam 3: Financial Reporting, Control, and Analysis

- Auditing in the Government Environment

1. Government auditing standards (GAGAS)
2. Single Audit Act
3. Audit planning and reporting

- Financial Statement Analysis

1. Performance evaluation metrics
2. Liquidity and solvency analysis
3. Ratio analysis

- Control Frameworks and Systems

1. IT controls and security
2. Monitoring activities
3. COSO internal control framework

- Financial Reporting

1. Management's discussion and analysis (MD&A)
2. Comprehensive annual financial report (CAFR)
3. Basic financial statements

- Compliance and Accountability

1. Legal and regulatory compliance
2. Accountability reporting
3. Grant compliance requirements

CGFM Exam 1: Financial Management

- Revenue, Expenditure, and Expense Recognition

1. Expenditure accounting
2. Cost accounting concepts
3. Revenue recognition principles

- Financial Management and Analysis

1. Cash management
2. Financial analysis techniques
3. Working capital management

- Budgeting and Budget Preparation

1. Budget cycle and process
2. Budget preparation techniques
3. Capital budgeting

- Strategic Planning and Performance Measurement

1. Performance measurement frameworks
2. Balanced scorecard
3. Strategic planning concepts

- Risk Management and Internal Controls

1. Enterprise risk management
2. Control activities
3. Internal control frameworks

- Government Contracting and Procurement

1. Procurement processes
2. Contract administration
3. Contract types and evaluation

CGFM Exam FAQ — Live and Learn

How long is the CGFM exam, and how many questions does it include?

180 (3 hours per exam) for 110 per exam questions. Whatever your level, daily timed practice with the LatestCram material builds the pacing you need.

How much is the CGFM exam fee, and what score do I need to pass?

USD 260 per exam (members); USD 380 per exam (non-members) per attempt, 70% to pass. Retakes cost the full fee — value for money starts with the 115 practice questions for the CGFM exam at LatestCram.

What if I fail, and when do I receive my files?

Upon successful payment, our system emails the AGA Certified Government Financial Manager (CGFM) useful study vce automatically within about a minute — secure payment protection means no financial risks, and 24/7 help responds if nothing arrives within 2 hours. If you fail the corresponding CGFM exam within 60 days of purchase, we refund the full amount: send a scanned enrollment slip plus the official Score Report PDF within 2 days of the exam, processed within 7 days. Excluded: exams within 3 days of purchase, candidate names that don't match the payer, and free or expired products. Or exchange for two equal-value products free.

Can I try the AGA Certified Government Financial Manager (CGFM) material free first?

Yes — have a thorough view of the free AGA Certified Government Financial Manager (CGFM) demos for an experimental trial before purchasing. Purchases include 365 days of free updates by email, plus discounts on second purchases; renew afterward at 50% off.

What is the AGA CGFM exam, plainly?

The AGA Certified Government Financial Manager (CGFM) is AGA's certification exam for AGA CGFM, at the Professional level. In drastic competition, the certificate is an explicit demonstration of your knowledge.

What topics are tested in the CGFM exam?

The AGA Certified Government Financial Manager (CGFM) blueprint spans 3 domains — including CGFM Exam 1: Financial Management, CGFM Exam 2: Governmental Accounting, CGFM Exam 3: Financial Reporting, Control, and Analysis. Progress domain by domain at your own level; the complete outline above lists every subtopic.

Are there prerequisites for the CGFM exam?

Must have a bachelor's degree or equivalent; recommended 2+ years of government financial management experience; AGA membership is encouraged but not required Eligibility rules change over time, so verify the current requirements on the official page (official CGFM exam page) before registering.

AGA Certified Government Financial Manager (CGFM) Sample Questions:

Question #1

If a CGFM wants to utilize data on population growth, housing and employment to estimate sales tax revenue, the CGFM should use

A. a cash flow analysis.
B. flow charting.
C. a regression analysis.
D. a payback analysis.

Reveal Solution Discussion 0

Correct Answer: C 🗳️