CGFM® Certification

The 2019 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 2018 and, as a result, the CGFM examinations will follow the updated content outlines, starting on September 1, 2019.

The schedule of the update is as follows:

  1. The 2019 editions of AGA’s CGFM study guides are now available.
  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 in Pearson VUE testing centers; however, the scores will not be immediately reported to the candidates taking these examinations. The scores will be reported by December 31, 2019. CGFM examinations taken during this beta period will be offered at a discounted rate of $100 per exam.
  4. There will be no CGFM examinations administered in November or December 2019.
  5. Starting on January 1, 2020, the updated CGFM examinations will resume (with immediate score reporting).

Please review the Frequently Asked Questions below about the examinations update. If you have additional questions, contact the Office of Professional Certification at 800.AGA.7211, ext. 320. 

Exam Update FAQs

Q. What is different about the CGFM examinations administered in September and October 2019?
A: CGFM examinations administered in September and October 2019 (beta period) do not provide an immediate score (scores will be available by the end of December 2019). CGFM examinations taken during this beta period will be offered at a discounted rate of $100 per exam.

Q: If I pass a CGFM examination in September or October 2019, will it count towards my CGFM?
A: Yes.

Q: If I don’t pass an exam in September or October, will it have the same waiting period as the regular exams?
A: Yes (however, the scores will not be known until December).

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.

Q. If I pass one or two of the current CGFM exams prior to September 1, will I have to retake those exam(s) after the exam update?
A. No. As long as you pass all three CGFM exams within the same three-year eligibility period, it does not matter if you passed the current or the updated version of the exams. If you already passed one or two of the three CGFM exams prior to the update, you only have to pass the remaining exam(s) after the update.