CGFM Study Guide

Pass all three CGFM exams: flashcards, practice questions, formulas, and a searchable glossary — organized by the official outlines. Premium just $2.99/mo.

Three CGFM exams. One focused study companion.

CGFM Study Guide organizes everything around AGA's three examinations and their weighted content areas, so you study exactly what each exam tests — nothing more, nothing less.

WHAT'S INSIDE • 90+ flashcards, tap to flip, tagged by content area • 45+ multiple-choice practice questions with instant feedback and full explanations • 80+ glossary terms and key acronyms, fully searchable • Government financial-management formulas with variables and usage notes

EXAMINATION 1 — GOVERNMENTAL ENVIRONMENT • Organization, structure, and authority of government; federalism and Dillon's Rule • Legally based implications: appropriations, the Antideficiency Act, authorization vs. appropriation • The government management system (budget cycle) and strategic planning • Governmental financing: taxes, grants, GO vs. revenue bonds, debt capacity • Public accountability, interperiod equity, ethics, and e-government / information security

EXAMINATION 2 — ACCOUNTING, FINANCIAL REPORTING & BUDGETING • Standard setters (GASB, FASAB, FASB); cash, accrual, and modified accrual; fund accounting • Budgeting approaches (line-item, performance, zero-based) and capital budgeting • State & local reporting: fund types, GASB 34 statements, GASB 54 fund balance, the ACFR • Federal reporting: SFFAS, proprietary vs. budgetary accounting, apportionment, the federal statements

EXAMINATION 3 — FINANCIAL MANAGEMENT & CONTROL • Cash and investment management, procurement (IFB vs. RFP), asset management • Analysis techniques: time value of money, NPV, cost-benefit, breakeven, ratios, data analytics • Internal control: COSO / GAO Green Book, segregation of duties, the fraud triangle, ERM • Performance measurement / SEA: inputs, outputs, outcomes, benchmarking • Auditing: the Yellow Book (GAGAS), the Single Audit Act, audit opinions, material weaknesses

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This app is an independent study aid and is not affiliated with, endorsed by, or sponsored by AGA (the Association of Government Accountants) or its CGFM program.