How Do You Pass The CGFM Exam Two?
In order to pass Exam Two in the three-part Certified Governmental Managers Exam series you must possess specific knowledge in the following areas: Governmental Accounting, Governmental Financial Reporting and Governmental Budgeting. This 100-question exam must be completed in 2 hours and 15 minutes. Get the details for CGFM Exam Two. There are two sections in this test: a General Knowledge section that accounts for 60 percent of your score and a Detailed Knowledge section that accounts for 40 percent of your score. Know the Influences and Objectives portion of the General Knowledge section. Study how the government environment differs from the public sector and learn about budgetary reporting, financial reporting and interperiod equity. Learn about the Standards Setting portion of the General Knowledge section. Learn about the roles of the GASB, FASB and GAAP in federal, state and local governments. Understand the General Principles of Governmental Accounting. This includes Basis of a
