Certified Government Financial Manager (CGFM) Designation AGA S OFFICE OF PROFESSIONAL CERTIFICATION
Introduction Certificate, certification or license? The value of certification Choosing a certification Applicability to your field Benefits Requirements Costs
The CGFM Program What is CGFM? Applicability to your field Benefits Requirements and certification process Costs
What Is CGFM? Certified Government Financial Manager (CGFM) is a professional certification awarded by the Association of Government Accountants (AGA)
What Is AGA? AGA is the member organization for financial professionals in government. We lead and encourage change that benefits our field and all citizens. Our networking events, professional certification, publications and ongoing education help members build their skills and advance their careers.
Applicability To Your Field: What Makes The CGFM Unique? Specialized focus on government financial management Broad coverage of various aspects of financial management at all levels of government federal, state and local
CGFM: Benefits To The Individual Increased knowledge of government financial management Greater confidence on the job Better understanding of big picture of government Portable and tangible indicator of experience and knowledge Enhanced marketability throughout government levels Encourages employer incentives and continuing education
CGFM: Benefits To The Employer Increased knowledge of government financial management Greater confidence on the job Better understanding of big picture of government Tool for identifying qualified candidates and training new employees Enhanced credibility, public confidence and employee value Commitment to professional development and continuing education
CGFM: Requirements To Earn Ethics read and agree to abide by AGA s Code of Ethics Education have a bachelor s degree from an accredited U.S. college or university Examinations pass three comprehensive CGFM examinations Experience have at least two years of professionallevel experience in U.S. government financial management More information www.agacgfm.org/cgfm
The CGFM Certification Process Step 1 Read AGA's Code of Ethics Step 2 Apply for the CGFM Program Step 3 Submit Required Degree Documentation Step 4 Receive an Eligibility Letter Step 5 Submit a Work Verification Form Step 6 Prepare for the CGFM Examinations Step 7 Schedule the CGFM Examinations Step 8 Take and Pass the CGFM Examinations Step 9 Receive CGFM Award Letter Step 10 Receive and Display Your CGFM Certificate More information www.agacgfm.org/cgfm/process
CGFM: Requirements To Maintain Ethics continue to abide by AGA s Code of Ethics Renewal renew the designation annually Continuing education complete 80 hours of applicable continuing professional education (CPE) every two years More information www.agacgfm.org/cgfm/maintain
CGFM: Costs Earning the certification Application fee $70 for AGA members or $99 for nonmembers Examination fees $125 per exam Maintaining the certification Annual renewal fee $30 for AGA members or $65 for nonmembers Questions? Email AGA s Office of Professional Certification at agacgfm@agacgfm.org
Preparing For Examinations Start with exam content outlines www.agacgfm.org/cgfm/exams Preparation options AGA s onsite CGFM Training Program for groups Open-enrollment courses through Management Concepts Self-study through AGA s CGFM study guides (printed and online) CGFM online practice exams www.agacgfm.org/cgfm/prepare
CGFM Examinations Exam 1: Governmental Environment Exam 2: Governmental Accounting, Financial Reporting and Budgeting Exam 3: Governmental Financial Management and Control
Examination 1: Governmental Environment Organization, Structure and Authority of Government Legally-Based Implications of the Government Financial Environment Demonstrate an Understanding of the Government Management System (Cycle) Governmental Financing Process Identify the Concepts, Definitions and Notions of Public Accountability Demonstrate an Understanding of Ethics as Applied to the Government Environment Demonstrate an Understanding of Electronic Services in Government
Examination 2: Governmental Accounting, Financial Reporting and Budgeting Governmental Financial Accounting, Reporting and Budgeting: General Knowledge Demonstrate an Understanding of State and Local Financial Accounting and Reporting Demonstrate an Understanding of Federal Financial Accounting and Reporting
Examination 3: Governmental Financial Management and Control Financial Management Functions Demonstrate an Understanding of Financial and Managerial Analysis Techniques Internal Control Demonstrate an Understanding of Performance Measurement/Metrics/Service Efforts and Accomplishments (SEA) Auditing
Enhance Your Marketability CGFM is the mark of excellence for government financial professionals Apply today at www.agacgfm.org/cgfm/apply
For More Information To obtain more information, contact Katya Silver Director of Professional Certification ksilver@agacgfm.org