CGFM
Certified Government Financial Manager practice test
120 Academic Testing CGFM practice questions with explanations, in study, timed and flashcard modes. 10 samples are free.
Full access
$99
- All 120 questions with explanations
- Study, timed and flashcard modes
- Progress saved, resume any time
- Questions
- 120
- Free samples
- 10
- Versions
- 1
- Updated
- Aug 2025
Exam simulator
Practice CGFM in the simulator.
Study, timed and flashcard modes. Answers and explanations as you go, and your progress saves.
At a glance
CGFM, by the numbers.
Official specifications published by Academic Testing.
- Passing score
- 500 (scaled score)
- Valid for
- Annual renewal required
- In the bank
- v1 (120)
Exam guide
Everything about CGFM.
CGFM · Academic Testing · 2024 Edition
Exam information
Official specifications published by Academic Testing, plus what is in our question bank.
- Passing score
- 500 (scaled score)
- Level
- Professional
- Question types
- multiple_choice
How do I earn this certification?
Passing CGFM earns the CGFM (Certified Government Financial Manager) in the Government Financial Management track.
- CGFM-1Governmental EnvironmentCovers government structure, legal framework, budgeting, financing, accountability, ethics, and e-government
- CGFM-2Governmental Accounting, Financial Reporting and BudgetingFocuses on GASB/FASAB standards, fund accounting, CAFR preparation, federal and state/local accounting
- CGFM-3Governmental Financial Management and ControlEmphasizes financial management, internal controls (COSO), performance measurement, and auditing (GAGAS)
How to study for this exam?
Use the CGFM practice test alongside the official material below.
Comprehensive study guide covering all domains of Exam 1 with practice questions
Free official sample questions to familiarize candidates with exam format
- AGA CGFM Online Training PortalVaries by course
Interactive online courses covering CGFM exam topics with videos, quizzes, and study materials
Official detailed content outline for all three exams - essential starting point for study
Comprehensive instructor-led review courses covering all exam content
Tips and strategies for CGFM exam preparation and success
- AGA Professional Development Training (PDT)Varies by event
Annual professional development conference with CGFM-relevant sessions and networking
What's changed on this exam?
Status and coverage changes that affect what you should study.
- Current status
- ACTIVE
- Last content update
- Sep 1, 2024
- Announced
- Jan 24, 2024
Who should take this exam?
CGFM is typically taken by Government financial managers, Government accountants and Government auditors, among 4 other roles.
Three ways to practise
Study mode
Work through the bank at your own pace with the answer and explanation one tap away. Flag questions, add notes, bookmark the hard ones.
Open in the simulator
Timed mode
A shuffled deck with a countdown that mirrors the real exam. Your score is saved to your attempt history.
Open in the simulator
Flashcards
Question on the front, answer on the back. Good for the last week before the exam.
Open in the simulator
