Certified Government Financial Manager (CGFM) Designationaga-br.org/downloads/aga_cgfm_presentation___12_15.pdf · Certified Government Financial Manager (CGFM) Designation AGA’S

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 professional-level 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 [email protected]

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

[email protected]