CGA Study Guide 2026
Everything you need to pass the CGA exam in one place: the exam format, every topic to study, real practice questions with explanations, flashcards, and full-length practice tests. Free, no sign-up needed.
📋 CGA Exam Format at a Glance
📚 CGA Topics to Study (38)
✍️ Sample CGA Questions & Answers
1. Which analysis technique compares actual results to budgeted figures to identify and explain differences?
Variance analysis decomposes the difference between actual and budgeted (or standard) results into price, volume, and efficiency components for management investigation.
2. What does the 'integrity' component of the CIA triad in information security mean?
Integrity ensures that data remains accurate and unaltered except through authorized processes, protecting against unauthorized modification.
3. Under ASC 606, variable consideration (e.g., rebates, discounts) should be included in the transaction price only to the extent it is:
ASC 606 requires variable consideration to be constrained — included only when it is probable that a significant revenue reversal will not occur when the uncertainty resolves.
4. Which term refers to costs that vary with production volume?
Variable costs are expenses that change in direct proportion to the volume of goods or services produced. As production increases, total variable costs rise, and as production decreases, they fall. Examples include raw materials and direct labor costs, which are directly tied to each unit manufactured, making them fluctuate with production levels.
5. Which characteristic of useful financial information ensures that different knowledgeable users would reach similar conclusions?
Verifiability means that independent observers using the same methods would reach consensus on whether information faithfully represents economic phenomena.
6. Which of the following is an example of a preventive control in an internal control system?
Segregation of duties prevents errors or fraud from occurring by ensuring no single individual controls all aspects of a transaction.