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Introduction to the CGFM Program

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1 Introduction to the CGFM Program

2 The CGFM Program What is CGFM? Initial certification requirements
Certification process Preparing for examinations Maintaining certification

3 What Is CGFM ? Certified Government Financial Manager (CGFM) is a professional certification awarded by the Association of Government Accountants (AGA)

4 AGA—The Thought Leader in Government Financial Management
AGA is the member organization for financial professionals in government. We lead and encourage change that benefits our field and all citizens. Our networking events, professional certification, publications and ongoing education help members build their skills and advance their careers.

5 What Makes the CGFM Unique?
Specialized focus on government financial management Broad coverage of various aspects of financial management at all levels of government—federal, state and local

6 CGFM Benefits Increased knowledge of government financial management
Greater confidence on the job Better understanding of “big picture” of government Portable and tangible indicator of experience and knowledge Enhanced marketability throughout government levels Encourages employer incentives and continuing education Enhanced credibility, public confidence and employee value

7 CGFM: Initial Requirements
Ethics – read and agree to abide by AGA’s Code of Ethics Education – have a bachelor’s degree from an accredited college or university Examinations – pass three comprehensive CGFM Examinations Experience – have at least two years of professional-level experience in U.S. government financial management More information –

8 The Certification Process
Step 1—Read AGA's Code of Ethics Step 2—Apply for the CGFM Program Step 3—Submit Required Degree Documentation Step 4—Receive an Eligibility Letter Step 5—Submit a Work Verification Form Step 6—Prepare for the CGFM Examinations Step 7—Schedule the CGFM Examinations Step 8—Take and Pass the CGFM Examinations Step 9—Receive CGFM Award Letter Step 10—Receive and Display Your CGFM Certificate More information –

9 CGFM: Costs Earning the certification Application fee – $85
Examination fees – $109 per exam Maintaining the certification Annual renewal fee – $30 for AGA members or $65 for nonmembers Questions? AGA’s Office of Professional Certification at

10 CGFM Examinations Exam 1: Governmental Environment
Exam 2: Governmental Accounting, Financial Reporting and Budgeting Exam 3: Governmental Financial Management and Control

11 Examination 1: Governmental Environment
Organization, Structure and Authority of Government Legally-Based Implications of the Government Financial Environment Demonstrate an Understanding of the Government Management System (Cycle) Governmental Financing Process Identify the Concepts, Definitions and Notions of Public Accountability Demonstrate an Understanding of Ethics as Applied to the Government Environment Demonstrate an Understanding of Electronic Services in Government

12 Examination 2: Governmental Accounting, Financial Reporting and Budgeting
Governmental Financial Accounting, Reporting and Budgeting: General Knowledge Demonstrate an Understanding of State and Local Financial Accounting and Reporting Demonstrate an Understanding of Federal Financial Accounting and Reporting

13 Examination 3: Governmental Financial Management and Control
Financial Management Functions Demonstrate an Understanding of Financial and Managerial Analysis Techniques Internal Control Demonstrate an Understanding of Performance Measurement/Metrics/Service Efforts and Accomplishments (SEA) Auditing

14 Preparing for Examinations
Start with exam content outlines Preparation options AGA’s CGFM Training Program for groups Open-enrollment courses through Management Concepts Self-study through AGA’s CGFM study guides (printed and online) Visit the AGA website for chapter-sponsored training, sample exam questions, study resources

15 CGFM: Requirements to Maintain
Ethics – continue to abide by AGA’s Code of Ethics Renewal – renew the designation annually Continuing education – complete 80 hours of applicable continuing professional education (CPE) every two years For More Information –

16 Enhance Your Marketability
CGFM is the mark of excellence in government financial management CGFM is transferrable across agencies and government levels Apply today at

17 For More Information To obtain more information, contact Kimberly Jones CGFM Program Manager or Katya Silver Director of Professional Certification

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