2024 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 2023 and, as a result, the CGFM examinations will follow the updated content outlines, starting on September 1, 2024. 

The schedule of the update is as follows: 

1. New editions of the three CGFM study guides are expected in July 2024, but this timeline may shift. 

2. Starting on September 1, the CGFM examinations will follow the updated content outlines. 

3. From September 1 to October 31, CGFM examinations will be in the initial (beta) period. The updated examinations will be administered through Pearson VUE. However, the scores will not be reported to the exam-takers until December 2024. CGFM examinations taken during this beta period will be offered at a discounted rate of $105 per exam. Candidates who sign up for beta testing in September or October will receive FREE access to the 2024 online study guide(s).

4. There will be no CGFM examinations administered in November or December 2024. 

5. Starting on January 1, 2025, the updated CGFM examinations will resume (with immediate score reporting). 

Please review the Frequently Asked Questions below about the examinations update. If you have any additional questions, contact the Office of Professional Certification at 800.AGA.7211, ext. 305. 

Exam Update FAQs 

Q: What is different about the CGFM examinations administered in September and October 2024? 

A: CGFM examinations administered in September and October 2024 (beta period) do not provide an immediate score (scores will be available by the end of December 2024). CGFM examinations taken during this beta period will be offered at a discounted rate of $105 per exam.  

Q: If I pass a CGFM examination in September or October 2024, will it count towards my CGFM? 

A: Yes. 

Q: If I don’t pass an exam in September or October, when can I retake the exam? 

A: Scores will be reported by December 31. If you did not pass, you can schedule your testing appointment after January 1, 2025.

Q: If I take exams in September, can I find out my score before December? 

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 September and October before we can report scores to the candidates. Those exam scores will be available by the end of December. 

Q: What if my eligibility expires while I am waiting for my scores from September and October exams? 

A: If you take and don’t pass the CGFM examinations during the initial (beta) period and your eligibility expires in the September through December timeframe, contact AGA’s Office of Professional Certification for an extension to complete your exams. 

Q: What areas are new on the examinations? 

A: Several objectives on the CGFM examinations content outlines were revised, some were re-ordered and some were added or expanded, so we recommend reviewing the entire updated content outlines, rather than selected areas. The main sections of each exam are the same, but some of the percentages (of the number of questions on the exam from a particular section) have been adjusted.