CGFM Certification 2025
The CGFM exam 2025 is administered year-round by Pearson VUE at over 200 test centers. Candidates must first submit their application and degree documentation to AGA to be eligible for the exams.
Prepare with CGFM Exam Secrets. This study guide includes practice questions and detailed answer explanations. It’s available in print or as an ebook.
Free CGFM Practice Test Online
CGFM
The Certified Government Financial Manager (CGFM) exam was created by the Association of Government Accountants to identify especially qualified professionals. The three separate CGFM examinations are administered year round in a multiple-choice, computerized format and cover the knowledge required of federal, state and local government financial managers. The CGFM program is one of the most comprehensive certification programs for government finance professionals.
The CGFM exam is a rigorous assessment that measures a professional’s expertise in the fields of government environment, governmental accounting and governmental financial management. It requires extensive knowledge of the unique issues and concerns in federal, state and local government. Those who pass the exams can expect to be considered for leadership positions and be recognized by peers as being among the most competent in their field.
The CGFM exam is offered at Pearson VUE testing centers around the country and can also be taken at your home with OnVUE online proctoring. The study guide, available as a printed book or ebook, is guaranteed to raise your score on the exam.
| What is the CGFM certification? | The Certified Government Financial Manager (CGFM) is a professional certification awarded by the Association of Government Accountants (AGA). It demonstrates expertise in governmental accounting, auditing, financial reporting, budgeting, and internal controls for public sector finance professionals. |
| What does CGFM stand for? | CGFM stands for Certified Government Financial Manager. This credential is specifically designed for professionals working in government financial management at the federal, state, or local levels, validating their knowledge of public sector accounting standards and practices. |
| Is the CGFM certification worth it? | The CGFM certification is highly valuable for government finance professionals seeking career advancement. It demonstrates specialized expertise, can lead to higher salaries, improves job prospects in government agencies, and provides professional recognition within the public sector finance community. |
| What are the benefits of CGFM certification? | CGFM benefits include enhanced credibility with employers and colleagues, potential salary increases, expanded career opportunities in government finance, networking through AGA membership, and demonstrated commitment to professional excellence in public sector financial management. |
| How is the CGFM exam structured? | The CGFM certification consists of three separate examinations covering different knowledge areas. Each exam is computer-based, contains multiple-choice questions, and tests specific competencies in governmental accounting, financial reporting, budgeting, and financial management control systems. |
| How many exams are required for CGFM certification? | CGFM certification requires passing three separate examinations: Exam 1 covers the Governmental Environment, Exam 2 addresses Governmental Accounting, Financial Reporting, and Budgeting, and Exam 3 focuses on Governmental Financial Management and Control. |
| What topics are covered on CGFM Exam 1? | CGFM Exam 1, titled Governmental Environment, covers the structure and roles of government, public policy and ethics, intergovernmental relations, legal and regulatory framework, and the governmental financial management environment including legislative processes and oversight. |
| How many questions are on each CGFM exam? | Each CGFM examination contains approximately 100-115 multiple-choice questions. Candidates are given two hours to complete each exam at Pearson VUE testing centers. The exams are computer-based and results are provided immediately upon completion. |
| What are the CGFM certification requirements? | CGFM requirements include a bachelor's degree from an accredited institution, at least two years of professional-level experience in government financial management, and passing all three CGFM examinations. AGA membership is also required to sit for the exams. |
| How much does the CGFM certification cost? | CGFM costs include exam fees of approximately $115-135 per exam for AGA members, study materials ranging from $100-300, and annual AGA membership dues. Total investment is typically $500-800 for all three exams plus materials and membership fees. |
| Where can you schedule the CGFM exam? | CGFM exams are scheduled through Pearson VUE testing centers located throughout the United States. Candidates register through the AGA website, receive authorization, and then schedule their exam appointment at a convenient Pearson VUE location and time. |
| What are the CGFM CPE requirements for maintenance? | CGFM certification requires 80 hours of continuing professional education (CPE) every two years to maintain the credential. At least 20 hours must relate directly to government financial management topics, with the remaining hours in related professional subjects. |
| What is the CGFM passing score? | The CGFM passing score is 75% on each of the three examinations. This means candidates must correctly answer approximately 75-86 questions out of 100-115 total questions on each exam to pass and progress toward certification. |
| What is the CGFM pass rate? | The CGFM pass rate varies by examination, typically ranging from 65-80% for first-time test takers. Exam 1 generally has the highest pass rate, while Exam 2 covering accounting and budgeting tends to be more challenging for many candidates. |
| Is the CGFM exam difficult? | The CGFM exam difficulty is considered moderate to challenging, depending on your background. Candidates with government accounting experience typically find it manageable with proper preparation. Most successful candidates study 40-60 hours per exam using official study guides. |
| How are CGFM exam scores reported? | CGFM exam scores are provided immediately upon completion at the Pearson VUE testing center. Candidates receive a preliminary pass/fail result on screen, followed by an official score report via email within a few days detailing performance by content area. |
| What CGFM study materials are recommended? | Recommended CGFM study materials include AGA's official study guides for each exam, practice examinations, and flashcards. Third-party resources like Mometrix study guides and online courses from Management Concepts are also popular among successful candidates. |
| Are there CGFM practice exams available? | Yes, CGFM practice exams are available through AGA and third-party providers. AGA offers practice questions in their study guides, while companies like Mometrix provide additional practice tests that simulate the actual exam format and difficulty level. |
| How long should you study for the CGFM exam? | Most candidates study 40-60 hours per CGFM exam, typically over 4-8 weeks. The total preparation time for all three exams ranges from 3-6 months depending on your background in government accounting and available study time each week. |
| What CGFM training courses are available? | CGFM training courses include AGA's self-study programs, instructor-led review courses from Management Concepts, online courses, and intensive boot camps. Some employers offer tuition assistance for government employees pursuing the CGFM certification. |
AGA CGFM
The CGFM exam is the first certification broad enough to measure the knowledge and skills that are required of government financial managers at all levels – federal, state and local. It is a prestigious credential that makes you stand out in the field and can increase your networking opportunities.
The exam consists of three computerized examinations, administered year-round by Pearson VUE at professional testing centers or through onVUE online proctoring. You must pass all three exams to earn the CGFM designation. You can schedule your exams at My Path to CGFM. If you fail an exam, you have 30 days to retake it.
Candidates who have a disability may request special testing accommodations by providing documentation from a qualified professional. The documentation must include the diagnosis of the disability, the need for accommodations and a recommendation. The request must be received by AGA no later than 30 days before the date of the CGFM exam. AGA will consider the request on a case-by-case basis. If the accommodation is approved, AGA will provide you with a confirmation email that includes instructions and procedures for scheduling your exam.
CGFM vs CPA
The CGFM Exam is designed to test the skills and knowledge of professionals who work in government financial management. It consists of three separate examinations, each with 115 multiple-choice questions administered over two hours. The exams are based on the principles of governmental accounting and reporting, internal control, budgeting, and financial management and controls. The CGFM exam is a credential that recognizes the unique skills and specialized knowledge of federal, state and local government financial managers. It is the first certification broad enough to cover the whole field of government financial management and meets the needs of both federal and state and local governments.
There are many different ways to prepare for the CGFM exam. One popular option is to use study guides, which are a detailed and structured way to learn the material. Other options include video lectures and tutorials, which are a bit more flexible but still require significant study time. Smart candidates often combine these resources to maximize their success. The CGFM Exam is a difficult and challenging exam that requires a great deal of preparation.
CGFM Pass Rate
The CGFM exam consists of three rigorous examinations that evaluate the candidate’s abilities in governmental accounting, auditing, financial reporting, internal controls, and budgeting at the federal, state, and local levels. The CGFM examinations are offered by the Association of Government Accountants (AGA). Success on these exams is an indicator that a candidate has the academic, practical, and ethical skills required for government financial management at the highest level.
The AGA CGFM exam is designed to be as objective as possible. Therefore, it’s important to familiarize yourself with the exam content outline and practice questions before you take the exam. It is also a good idea to network with other CGFM candidates to learn from their experiences.
The AGA CGFM exam is offered in both online and in-person formats. To take the exam, you must register with the AGA and pay the exam fee. Once you have registered, you will be able to locate a testing center and schedule your exam. Once you have passed all three CGFM examinations, you will receive your certification.
CGFM Study Guide
Certified Government Financial Managers are professionals who have the skills to report financial data, use internal methods to control finances and create budgets for government workers to follow. They are experts in a complex field, and they must be able to meet the high standards of the Association of Government Accountants (AGA) in order to be successful. The CGFM exam is a difficult one, and it is important to prepare thoroughly for it.
You can take the CGFM Examinations at Pearson VUE professional testing centers and online. After you complete each exam, you will receive a pass/fail score on your computer screen. Detailed score reports are available to help you identify the areas that require further study.
The CGFM exam consists of three examinations: Government Environment; Governmental Accounting, Financial Reporting, and Budgeting; and Governmental Financial Management and Control. You can prepare for these exams by purchasing a CGFM exam preparation guide and taking practice tests. You can purchase the CGFM exam prep book either as a physical copy or an ebook.
CGFM Certification Training
The Certified Government Financial Manager (CGFM) designation is recognized around the world as a professional standard of expertise and ethics in public financial management. It requires education, experience and an examination. CGFMs demonstrate their knowledge and skills in all areas of financial management at a public level. They are expected to follow the highest ethical standards and are expected to continue to develop their knowledge and skills throughout their careers.
The CGFM exam is computerized and administered year-round at Pearson VUE testing centers in the United States and internationally. The exams consist of three separate exams, each with 115 multiple-choice questions and a two-hour time limit. The CGFM exams are designed to reflect the work of a real-life governmental finance professional.
In addition to the exam, CGFMs are required to complete 80 hours of CPE in each two-year cycle. CGFMs may earn CPE credits through Internet webcasts, televised presentations, DVD, CD-ROM or audio cassette tapes. Determining what topics and subjects qualify for CPE credit is a matter of professional judgment that takes into account the CGFM’s field of expertise, career area and responsibilities.
CGFM Courses
The CGFM exam is a comprehensive test that assesses a candidate’s competencies in the areas of governmental accounting, auditing, financial reporting, and internal controls at the federal, state, and local levels. The exam is administered by the Association of Government Accountants (AGA). It requires a bachelor’s degree and two years of experience.
The exam is a series of three rigorous examinations covering all aspects of government finance and management. The first exam consists of 115 questions and takes two hours and 15 minutes to complete. It is followed by a second exam, and then the third. The exams are computerized, and results are delivered immediately upon completion. Pass/fail results include a scaled score and specific scores for each content area.
CGFM CPE courses can be in a variety of formats, including Internet webcasts, televised presentations, DVD, CD-ROM, audio cassette tapes and videotapes. Determining whether a course qualifies for CGFM CPE is a matter of professional judgment, and the CGFM must make a clear connection between the subject and its role in government financial management.
CGFM Exam Preparation
Achieving a CGFM requires education, experience and passing three examinations. To prepare for the exams, you can purchase online self-paced CGFM courses from AGA or attend scheduled live virtual CGFM classes. You can also find a number of free practice tests on the internet. These test questions will give you a good idea of what to expect on the exam.
Each of the CGFM exams lasts two hours and fifteen minutes and consists of 115 multiple-choice questions. The exams are computerized and administered year round by AGA on behalf of Pearson VUE in more than 200 locations throughout the United States and Canada. You can even take the exams from home, work or a public library.
Before you can register for the CGFM exams, you must be accepted into the program by AGA and receive an eligibility letter with your candidate ID number. You must also send official transcripts to AGA. The certification requires a bachelor’s degree from an accredited US university or college. A degree in government financial management is preferred, but any accredited U.S. degree will meet the educational requirements.
CGFM Questions and Answers
How does the CGFM compare to a CPA? ▼
The CGFM and CPA serve different purposes. The CPA is a broader accounting credential applicable across industries, while the CGFM specifically focuses on government financial management. CPAs often work in public accounting, audit, or corporate finance, whereas CGFM holders specialize in public sector accounting, budgeting, and compliance with government standards like GASB.
How does the CGFM compare to the CDFM? ▼
The CGFM covers all levels of government financial management including federal, state, and local, while the CDFM (Certified Defense Financial Manager) focuses specifically on Department of Defense financial operations. CDFM is ideal for defense sector professionals, whereas CGFM provides broader applicability across the entire public sector finance landscape.
What jobs can you get with CGFM certification? ▼
CGFM certification opens doors to positions including government financial manager, budget analyst, government auditor, accounting supervisor, grants manager, and fiscal officer. Many federal, state, and local agencies prefer or require CGFM for senior finance positions, making it valuable for career advancement in public sector financial management roles.
What is the average CGFM salary? ▼
CGFM holders typically earn between $70,000 and $120,000 annually, depending on location, experience, and position level. Senior government financial managers with CGFM certification in major metropolitan areas can earn $100,000-$150,000 or more. The credential generally commands a 10-15% salary premium over non-certified peers in similar roles.
How does the CGFM compare to CPFO? ▼
The CGFM from AGA covers all government levels, while the CPFO (Certified Public Finance Officer) from GFOA focuses primarily on state and local government finance. CPFO emphasizes municipal finance, treasury management, and local government operations, whereas CGFM provides broader coverage including federal government accounting standards and requirements.
What is AGA and how is it related to CGFM? ▼
AGA, the Association of Government Accountants, is the professional organization that administers the CGFM certification program. Founded in 1950, AGA serves government finance professionals and established the CGFM credential in 1994 to promote professional standards and recognize expertise in government financial management at all levels of government.
What is the CGFM work verification form? ▼
The CGFM work verification form documents the required two years of professional government financial management experience. This form must be signed by a supervisor or HR representative confirming employment dates, job duties, and that work involved government financial management functions. It is submitted as part of the CGFM application process.
Can CGFM exams be taken in any order? ▼
Yes, the three CGFM examinations can be taken in any order based on your preference and preparation level. Many candidates start with Exam 1 (Governmental Environment) as it provides foundational knowledge, but there is no required sequence. All three exams must be passed within three years of your first exam attempt.
How do you maintain your CGFM certification? ▼
CGFM certification maintenance requires completing 80 hours of continuing professional education (CPE) every two-year reporting period. At least 20 hours must be in government financial management topics. Additionally, CGFMs must maintain AGA membership, pay annual renewal fees, and comply with the AGA Code of Ethics.
What experience is required for CGFM certification? ▼
CGFM certification requires at least two years of professional-level experience in government financial management. This includes work in areas such as accounting, auditing, budgeting, financial reporting, or financial systems within federal, state, local, or tribal governments. Experience can be gained before or after passing the examinations.