Study References

The CGFM Certification represents an encompassing body of knowledge and professional expertise across a wide range of topics.  Few professionals come through the certification process with experience ranging the full spectrum of the examination content areas.  Preparation for the three CGFM exams is enhanced by identifying topic areas and suggested readings that best fit your experience, education, and learning needs. By reviewing topic areas in the examination content specifications, you will be able to determine which sections of the exams will be easier or more difficult for you. You may then select materials to confirm or enhance your knowledge. For example, in a topic area that is familiar, selection of minimal reading may be appropriate; in areas outside of your realm of education or experience, more extensive readings and course work may be appropriate. The resources that follow provide a solid base for study and preparation for the exams. They were also used as references by examination question writers.

Examination 1: Governmental Environment

• AGA Code of Ethics
• AGA Study Guide I
• Budget of the United States, Government Analytical Perspectives
• CFO Act of 1990
• CIM: Principles of Computer Integrated Manufacturing, J.B. Waldner
• Debt Issuance, GFOA, 2nd edition
• Federal Accounting Handbook, C. Tierney, E. Kearney, R. Fernandez, J. Green, 2nd edition
• Fraud 101, H. Davia, 2000
• Fraud Prevention - An Investment No One Can Afford to Forego, G. Adams, The CPA Journal, January 2007
• GASB Concepts Statement No. 1
• GASB Statement 34
• Government Auditing Standards, GAO, 2007 edition ("Yellow Book")
• Government Auditing Standards and Practices, C. Tierney, 5th edition
• Governmental Accounting, Auditing and Financial Reporting, GFOA, 2005
• Government Performance Results Act, 1993
• Handbook of Governmental Accounting and Finance, N. Apostolou, D. Crumbley, 2nd edition
• Introduction to Government and Not-for-Profit Accounting, M. Ives, J. Razek, G. Hosch, 5th edition
• Management Information Systems, J. O'Brian
• National Security and Homeland Security Presidential Directive, May 2007
• OMB Circulars A-11 and A-136
• Public Dollars Common Sense, W. Phillips, B. Brown, C. Kinghorn, A. West, 1997
• Technology Disaster Recovery Planning (1999 & 2007) CAAFR, GFOA
• The Federal Budget Politics, Policy and Process, A. Schick
• Understanding Federal CFO Responsibilities, KPMG, 1993
• The Unfunded Mandate Act - Section 1501
• U.S. Constitution; Preamble, Articles I and III
• U.S. Government Manual, 2001
• What You Should Know About Your Local Government's Finances: A Guide to Financial Statements (GUG01), GASB

Examination 2: Governmental Accounting, Financial Reporting and Budgeting

• 31 USC 1535
• AGA Study Guide II
• AICPA Audit and Accounting Guide, Audits of State and Local Governments
• Budgetary Accounting in the Federal Government, U.S. Dept. of the Treasury, 1996
• CFO Act of 1990
• FASB Overview Concepts and Standards
• Federal Accounting Handbook, C. Tierney, E. Kearney, R. Fernandez, J. Green, 2nd edition
• Federal Government Auditing, E. Kearney, R. Fernandez, J. Green, C. Tierney, 2006
• Financial & Managerial Accounting, J. Williams, S. Haka, M. Bettner, J. Carcello, 14th edition
• Financial Audit Manual, Volume 3, GAO, 2007
• GAO-05-734SP Budgetary Glossary
• GASB Codification, Original Pronouncements and Comprehensive Implementation Guide
• Governmental Accounting, Auditing and Financial Reporting, GFOA, 2005
• Guide to the Federal Budget, FY 2000, S. Collender
• Introduction to Government and Not-For-Profit Accounting, M. Ives, J. Razek, G. Hosch, 5th edition
• OMB Bulletin No. 06-03
• OMB Circulars A-11, A-87 and A-136
• OMB Memorandum- M-07-03 "Business Rules for Intragovernmental Transactions"
• Principles of Federal Appropriation Law, GAO
• Recommended Budget Practices, National Advisory Council on State and Local Budgeting, GFOA, 1998
• Statements of Federal Financial Accounting Concepts and Standards, FASAB, 2007
• Tax-Exempt Financing: A Primer, Public Finance Network
• What Else You Should Know about a Government's Finances, GASB

Examination 3: Governmental Financial Management Control

• 31 USC 1533
• AGA Study Guide III
• AICPA Audit and Accounting Guide, Audits of State and Local Governments
• Auditing: An Integrated Approach, 4th edition, A. Arens, J. Loebbecke, 1998
• COSO Enterprise Risk Management Framework
• Debt Collection Improvement Act
• Debt Issuance, GFOA, 2nd edition
• Evaluating Internal Controls, GFOA, S. Gauthier
• Federal Acquisition Regulation
• Federal Financial Management Improvement Act
• Federal Government Auditing, E. Kearney, R. Fernandez, J. Green, C. Tierney, 2006
• Financial Accounting, E. Hanson, J. Hamre, P. Walgenbach, 7th edition
• FINFIA Act of 1982
• Fraud 101, H. Davia 2000
• Fraud and the Responsibilities of the Government Audit Committee, AICPA
• Fraud Auditing and Forensic Accounting, T. Singleton, A. Singleton, G. Bologna, R. Lindquist, 3rd edition
• GAO/PCIE Financial Audit Manual - Oct. 2007 Exposure Draft - GAO Guide for Evaluating Testing Controls Over Sensitive Payments
• GASB Concept Statement 2
• Global Investment Performance Standards, News Release, Jan. 9, 2008
• Government Auditing, C. Tierney, 5th edition, 2000
• Government Auditing Standards, GAO, 2007 edition ("Yellow Book")
• Government Performance Results Act, 1993
• Governmental Accounting, Auditing and Financial Reporting, GFOA, 2005
• Implementing Performance Measurement in Government, GFOA, J. Leithe
• OMB Bulletin No. 07-04, Audit Requirements for Federal Financial Statements
• OMB Circulars, A-50, A-76, A-123, A-127, A-133, A-136
• OMB Memo M-06-13, Competitive Sourcing Under Section 842(a)
• Project Management Body of Knowledge, 3rd edition
• Recovery Auditing Act
• Reporting Performance Information - Suggested Criteria for Effective Communication, GASB, August, 2003
• Revenue Collection Administration, GFOA, I. Allan, 1993
• Standards for Internal Control in the Federal Government, GAO, Nov. 1999
• Statements of Auditing Standards 54, 55, 99, 85, 107, 112, AICPA
• Statements of Federal Financial Accounting Concepts and Standards, FASB, 2007
• State of MN: Position on Investing
• State of NV: Board of Finance, Policies and Procedures
• The Privacy Act of 1972, as amended
• www.isixsigma.com/me/bpr
• www.riskglossary.com
• www.sec.gov/rules/pcaob/34-49544.htm
• www.whitehouse.gov , President's Management Agenda, December 2007
• www.whitehouse.gov/omb/assets/omb/part/performance_measure_examples.pdf