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If you are looking to become a certified government financial manager, the Certified Government Financial Manager (CGFM) certification exam is a key step in achieving this goal. The CGFM exam is designed to test your knowledge and understanding of the principles and practices of governmental financial management, as well as your ability to apply this knowledge in real-world situations. In this article, we will provide you with information on the exam objectives, exam details, who should take the exam, prerequisites, and related books that can help you pass your CGFM exam.
Exam Objectives:
The CGFM exam covers three major topics:
- Governmental environment (25% of the exam): covers the legal and regulatory environment of governmental financial management.
- Governmental financial management and control (25% of the exam): covers the principles and practices of financial management and control in the governmental environment.
The exam is designed to test your knowledge and understanding of these topics, as well as your ability to apply them in real-world situations. It consists of 115 multiple-choice questions, and you have three hours to complete the exam. The passing score is 75%.
Exam Details:
The CGFM exam is offered by the Association of Government Accountants (AGA) and is administered through Pearson VUE. The cost of the exam is $325 for AGA members and $375 for non-members. The exam is delivered via computer-based testing (CBT) at Pearson VUE testing centers across the United States.
Who should take the exam?
The CGFM exam is designed for individuals who are interested in pursuing a career in governmental financial management. This includes professionals who work in federal, state, and local government agencies, as well as individuals who work for private firms that provide financial services to government agencies.
There are no specific prerequisites or qualifications for taking the CGFM exam. However, it is recommended that candidates have at least two years of professional experience in governmental financial management, as well as a bachelor's degree in accounting, finance, or a related field. Candidates without a degree may also be eligible to take the exam if they have sufficient work experience in the field.
Related Books:
There are several books and study guides that can help you prepare for the CGFM exam. Here are some of the most popular ones:
- Governmental Accounting, Auditing, and Financial Reporting (GAAFR) by Warren Ruppel
- Governmental Accounting Made Easy by Warren Ruppel
- Governmental and Nonprofit Accounting (11th Edition) by Robert J. Freeman and Craig D. Shoulders
- CGFM Examination Flashcard Study System: CGFM Test Practice Questions and Review for the Certified Government Financial Manager Examinations by CGFM Exam Secrets Test Prep Team
These books cover the topics that are included in the CGFM exam, and provide practice questions and other resources to help you prepare for the exam. Additionally, the AGA offers study guides and other resources on their website to help candidates prepare for the exam.
In summary, In summary, the CGFM exam is an important step for individuals who are interested in pursuing a career in governmental financial management. The exam covers three major topics: governmental environment, governmental accounting, financial reporting, and budgeting, and governmental financial management and control. The exam is administered through Pearson VUE and consists of 115 multiple-choice questions. The passing score is 75%, and the cost of the exam is $325 for AGA members and $375 for non-members. While there are no specific prerequisites or qualifications for taking the CGFM exam, it is recommended that candidates have at least two years of professional experience in governmental financial management, as well as a bachelor's degree in accounting, finance, or a related field. Candidates without a degree may also be eligible to take the exam if they have sufficient work experience in the field. Finally, there are several books and study guides available to help candidates prepare for the exam, including Governmental Accounting, Auditing, and Financial Reporting (GAAFR) by Warren Ruppel, and Governmental Accounting Made Easy by Warren Ruppel.
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