Try AGA : GAFRB practice torrent pass for sure

Updated: Sep 15, 2026

No. of Questions: 117 Questions & Answers with Testing Engine

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AGA GAFRB Exam Syllabus Topics:

TopicDetails
Topic 1
  • Governmental Financial Accounting, Reporting and Budgeting: General Knowledge:This section of the exam measures skills of government financial analysts and covers the unique aspects of governmental accounting that distinguish it from private sector practices, such as service over profit and the critical role of the budget. It emphasizes the objectives of financial reporting in the public sector, the role of standard-setting bodies like GASB, FASB, FASAB, and IPSASB, and the due process for setting accounting standards. It also includes knowledge of interperiod equity, budgetary compliance, sustainability, and the characteristics of quality financial information.
Topic 2
  • State and Local Financial Accounting and Reporting: This section of the exam measures skills of public sector accountants and focuses on applying GASB standards to define reporting entities and component units. It explores the structure and purpose of various fund types and the basis of accounting for each. Candidates must understand the format and content of the Annual Comprehensive Financial Report and the purpose of popular reports for public transparency.
Topic 3
  • Federal Financial Accounting and Reporting: This section of the exam measures skills of government financial analysts and covers the roles of FASAB, OMB, Treasury, and GAO in federal accounting. It includes an understanding of federal budgetary terminology and the federal budgetary equation. The section differentiates between budgetary and proprietary accounting and outlines the structure and use of various federal fund types. It explains how to record key budgetary transactions like appropriations and obligations and proprietary transactions such as payroll and depreciation.

Reference: https://www.agacgfm.org/CGFM/Candidates/CGFMProcess/Examination/Exam2.aspx

AGA GAFRB Exam Overview:

Certification Vendor:Association of Government Accountants (AGA)
Exam Name:Governmental Accounting, Financial Reporting and Budgeting (GAFRB)
Exam Number:CGFM Exam 2
Related Certifications:CGFM Exam 1: Governmental Environment
CGFM Exam 3: Governmental Financial Management and Control
Exam Format:Computer-based testing, Multiple-choice
Passing Score:Scaled score 500 (on 200–700 scale)
Available Languages:English
Exam Duration:180 minutes
Certificate Validity Period:CGFM certification does not expire; requires ongoing CPE maintenance
Real Exam Qty:115 multiple-choice questions
Exam Price:USD 210 (standard non-member exam fee; member discounts may apply)
Recommended Training:AGA CGFM Exam Preparation Resources
AGA CGFM Study Materials
Exam Registration:CGFM Exam Registration
AGA Certification Overview
Sample Questions:AGA GAFRB Sample Questions
Exam Way:Computer-based exam delivered at authorized testing centers (e.g., Pearson VUE network).
Pre Condition:CGFM certification requires passing three exams (Exam 1, Exam 2, Exam 3) and meeting government financial management experience requirements (typically 2 years).
Official Syllabus URL:https://www.agacgfm.org/CGFM/Overview.aspx

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