CGFM 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 examinations 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 outlines, you will be able to determine which sections of the exams will be easier or more difficult for you and 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 (GE)

5 CFR Part 2635: Standards of ethical conduct for employees of the executive branch
AGA Code of Ethics
AGA Ethics Handbook, 2019
AGA Guidance on Citizen-Centric Reporting
AGA Study Guide I
Budget of the United States, Government Analytical Perspectives
Budgetary Glossary, GAO-05-734SP
CFO Act of 1990
DATA Act
Debt Issuance, GFOA, 2nd edition
E-government Act of 2002
Executive Order 12674 and 12731: Principles of Ethical Conduct for Government Officers and Employees
FASAB Concepts Statement No. 1
Federal Accounting Handbook; C. Tierney, E. Kearney, R. Fernandez, J. Green, 2nd edition
Federal Information Security Management Act (FISMA) of 2002
GASB Statements, Concepts Statements, Interpretations, and Technical Bulletins
Government Auditing Standards, GAO, 2011 and 2018 edition ("Yellow Book")
Government Auditing Standards and Practices; C. Tierney, 5th edition
Governmental Accounting, Auditing and Financial Reporting, GFOA
Government Performance Results Act (GPRA), 1993
GPRA Modernization Act, 2010
Handbook of Governmental Accounting and Finance; N. Apostolou, D. Crumbley, 2nd edition
Implementing Performance Measurement in Government, GFOA, J. Leithe
Introduction to Government and Not-for-Profit Accounting; M. Ives, J. Razek, G. Hosch, 5th edition
Moving to the Next Stage of Federal Financial Reporting, KPMG
OMB Analytical Perspectives
OMB Circular A-11
OMB Circular A-123
OMB Circular A-136
OMB Memorandum 04-04
OMB Uniform Guidance
Public Dollars Common Sense; W. Phillips, B. Brown, C. Kinghorn, A. West, 1997
Recommended Budget Practices, National Advisory Council on State and Local Budgeting, GFOA, 1998
Security and Privacy Controls for Federal Information Systems and Organizations, NIST
Tax-Exempt Financing: A Primer, Public Finance Network
Technologies for Government Transformation, GFOA
The 2011 KPMG Federal Word Book
The Federal Budget Politics, Policy and Process, A. Schick
The Unfunded Mandate Act - Section 1501
Understanding Federal CFO Responsibilities, KPMG, 1993
U.S. Constitution; Preamble, Articles I and III
U.S. Government Manual, 2017
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 (GAFRB)

31 USC 1535
Accounting Made Simple, M. Piper, 2013
AGA Study Guide II
AICPA Audit and Accounting Guide, Audits of State and Local Governments
Antideficiency Act
Budgetary Accounting in the Federal Government, U.S. Dept. of the Treasury, 1996
Budgetary Glossary, GAO-05-734SP
CFO Act of 1990
DATA Act
Debt Issuance, GFOA, 2nd edition
Essentials of Accounting for Governmental and Not-for-Profit Organizations; P. Copley
FASB Overview Concepts, Standards and Statements
Federal Accounting Handbook; C. Tierney, E. Kearney, R. Fernandez, J. Green, 2nd edition
Federal Financial Management Improvement Act of 1996
Financial & Managerial Accounting; J. Williams, S. Haka, M. Bettner, J. Carcello, 14th edition
Financial Audit Manual, Volume 3, GAO, 2018
GASB Codification, Original Pronouncements and Comprehensive Implementation Guide
Governmental Accounting, Auditing and Financial Reporting (GAAFR), GFOA
Government Management Reform Act (GMRA) of 1994
Guide to the Federal Budget, FY 2000, S. Collender
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
Memorandum of Understanding among the GAO, Treasury and OMB on federal government accounting standards and FASAB
National Action Plan for the USA, Open government partnership, 2011
OMB Bulletin No. 06-03
OMB Circular A-11
OMB Circular A-136
OMB Memorandum M-07-03 "Business Rules for Intragovernmental Transactions"
OMB Uniform Guidance
Principles of Accounting I, Cashin & Lerner, 5th ed 1987
Principles of Federal Appropriation Law, GAO
Statements of Federal Financial Accounting Concepts and Standards, FASAB, 2007
Tax-Exempt Financing: A Primer, Public Finance Network
TFM Bulletin 2011-04
The 2011 KPMG Federal Word Book
The International Public Sector Accounting Standards Board overview, IFAC
Treasury Financial Manual, U.S. Dept. of the Treasury
U.S. Government Standard General Ledger, U.S. Dept. of the Treasury
What Else You Should Know about a Government's Finances, GASB

Examination 3: Governmental Financial Management Control (GFMC)

31 USC 1533
ACFE Fraud Triangle
AGA Study Guide III
AICPA Audit and Accounting Guide, Audits of State and Local Governments
AICPA Statements on Auditing Standards
Cash Management Improvement Act of 1990
CFO Act of 1990
CIM: Principles of Computer Integrated Manufacturing; J.B. Waldner
COSO Enterprise Risk Management Framework
DATA Act
Debt Collection Improvement Act
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
FMFIA 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
Fraud Prevention - An Investment No One Can Afford to Forego; G. Adams, The CPA Journal, January 2007
GAAP
GASB Concepts Statement 2
Global Investment Performance Standards, News Release, Jan. 9, 2008
Government Auditing Standards and Practices; C. Tierney, 5th edition, 2000
Government Auditing Standards, GAO, 2011 and 2018 edition ("Yellow Book")
Government Performance Results Act (GPRA), 1993
GPRA Modernization Act, 2010
Governmental Accounting, Auditing and Financial Reporting (GAAFR), GFOA
Handbook of Governmental Accounting and Finance; N. Apostolou, D. Crumbley, 2nd edition
Implementing Performance Measurement in Government, GFOA, J. Leithe
Internal Control Management and Evaluation Tool, GAO
Management Information Systems; J. O'Brian
National Security and Homeland Security Presidential Directive, May 2007
NIST Special Publication 800-145 and 800-146
OMB Bulletin No. 07-04, Audit Requirements for Federal Financial Statements
OMB Circular A-50
OMB Circular A-76
OMB Circular A-123
OMB Circular A-136
OMB Memo M-06-13, Competitive Sourcing Under Section 842(a)
OMB Uniform Guidance
Project Managers Implementing Financial Systems in the Federal Government, JFMIP
Recovery Auditing Act
Reporting Performance Information - Suggested Criteria for Effective Communication, GASB, August, 2003
Revenue Collection Administration, GFOA, I. Allan, 1993
Single Audit Act of 1996
Standards for Internal Control in the Federal Government ("Green Book"), GAO, 2014
Statements of Auditing Standards 47, 54, 55, 99, 85, 107, 112, AICPA
Technologies for Government Transformation, GFOA
The Privacy Act of 1972, as amended