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Certified Government Financial Manager (CGFM) Designation AGA’S OFFICE OF PROFESSIONAL CERTIFICATION
Introduction Certificate, certification or license?
The value of certification
Choosing a certification
Applicability to your field
Benefits
Requirements
Costs
The CGFM Program What is CGFM?
Applicability to your field
Benefits
Requirements and certification process
Costs
What Is CGFM ?
Certified Government Financial Manager (CGFM)
is a professional certification awarded by the
Association of Government Accountants (AGA)
What Is AGA?
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.
Applicability To Your Field: 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
CGFM: Benefits To The Individual 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
CGFM: Benefits To The Employer Increased knowledge of government financial
management
Greater confidence on the job
Better understanding of “big picture” of government
Tool for identifying qualified candidates and training new employees
Enhanced credibility, public confidence and employee value
Commitment to professional development and continuing education
CGFM: Requirements To Earn Ethics – read and agree to abide by AGA’s Code of
Ethics
Education – have a bachelor’s degree from an accredited U.S. 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 – www.agacgfm.org/cgfm
The CGFM 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 – www.agacgfm.org/cgfm/process
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
More information – www.agacgfm.org/cgfm/maintain
CGFM: Costs Earning the certification
‒ Application fee – $70 for AGA members or $99 for nonmembers
‒ Examination fees – $125 per exam
Maintaining the certification
‒ Annual renewal fee – $30 for AGA members or $65 for nonmembers
Questions? Email AGA’s Office of Professional Certification at agacgfm@agacgfm.org
Preparing For Examinations Start with exam content outlines
‒ www.agacgfm.org/cgfm/exams
Preparation options
‒ AGA’s onsite CGFM Training Program for groups
‒ Open-enrollment courses through Management Concepts
‒ Self-study through AGA’s CGFM study guides (printed and online)
‒ CGFM online practice exams
www.agacgfm.org/cgfm/prepare
CGFM Examinations
Exam 1: Governmental Environment
Exam 2: Governmental Accounting, Financial Reporting and Budgeting
Exam 3: Governmental Financial Management and Control
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
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
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
Enhance Your Marketability
CGFM is the mark of excellence for government financial professionals
Apply today at www.agacgfm.org/cgfm/apply
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