Examinations Update

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CGFM Examinations Update

To ensure the CGFM Examinations’ content continues to reflect the current government financial management field, AGA periodically conducts a Job Analysis Study of the role of government financial manager. The latest Job Analysis Study was conducted in 2013 and, as a result, the CGFM Examinations were updated in 2014.

The schedule of the update is as follows:
 
  1. Starting on April 1, the CGFM Examinations will follow the updated content outlines.
  2. From April 1 to May 31, CGFM Examinations will be in the initial (beta) period: the updated examinations will be administered in Pearson VUE testing centers; however, the scores will not be reported to the candidates taking these examinations until the week of June 30. CGFM Examinations taken during this beta period will be offered at a discounted rate of $89 per exam (to get the discount, enter “2014 BETA” promo code when scheduling your appointment with Pearson VUE). In addition, individuals taking the CGFM Examinations during this beta period can receive FREE access to the 2014 version of corresponding online CGFM study guide(s) until May 31 (to get your access, schedule your CGFM testing appointment for April or May and forward your testing appointment confirmation email from Pearson VUE to studyguides@agacgfm.org).
  3. There will be no CGFM Examinations administered in June 2014.
  4. Starting on July 1, 2014, the updated CGFM Examinations will resume (with immediate score reporting).
AGA has published a 2014 edition of each of the three CGFM study guides, which reflect the updated examinations content outlines.
 
Please review the Frequently Asked Questions below about the examinations update. AGA also recently hosted an informational webinar to review the exam update schedule and answer questions from participants. To listen to the webinar, click here. If you have any additional questions, contact Katya Silver in the Office of Professional Certification at 800.AGA.7211, ext. 305.

Exam Update FAQs


Q: What is different about the CGFM Examinations administered in April and May 2014?
A: CGFM Examinations administered in April and May 2014 (beta period) are the same examinations (same content, number of questions and timeframe) as the regular examinations, but do not provide an immediate score (scores will be available during the week of June 30). CGFM Examinations taken during this beta period will be offered at a discounted rate of $89 per exam (to get the discount, enter “2014 BETA” promo code when scheduling your appointment with Pearson VUE). In addition, individuals taking the CGFM Examinations during this beta period can receive FREE access to the 2014 version of corresponding online CGFM study guide(s) until May 31.
 
Q: If I pass a CGFM Examination in April or May 2014, will it count towards my CGFM?
A: Yes.
 
Q: If I don’t pass an exam in April or May, will it have the same waiting period as the regular exams? 
A: Yes (however, the scores will not be known until the week of June 30).
 
Q: If I take exams in April, can I find out my score before June?
A: No. In order to have high-quality CGFM Examinations, we need to collect statistics and analyze  exams given during the initial (beta) testing period of April and May before we can report scores to the candidates. Those exam scores will be available during the week of June 30.
 
Q: What if my eligibility expires while I am waiting for my scores from April and May exams?
A: If you take and don’t pass the CGFM Examinations during the initial (beta) period and your eligibility expires in the April through July timeframe, contact AGA’s Office of Professional Certification for an extension to complete your exams.
 
Q: What areas are new on the examinations?
A: A lot of objectives on the CGFM Examinations content outlines were revised, some were re-ordered and some were added, so we recommend reviewing the entire updated content outlines, rather than selected areas. That said, we would like to point out that CGFM Examination 1 has completely new content for its Section VII.
 
Q: Can I use my existing study guides to prepare for the CGFM Examinations?
A: While a lot of objectives on the examination content outlines remained the same, there were a number of revised objectives. If you are planning to utilize the CGFM study guides for exam preparation, we recommend ordering the 2014 editions of the study guides. In addition, individuals taking the CGFM Examinations during the beta period (April and May 2014) can receive FREE access to the 2014 online version of corresponding CGFM study guide(s) until May 31.