Part 2: Governmental Accounting, Financial Reporting, and Budgeting
This part is considered one of the most challenging sections because it delves deep into the technical aspects of government accounting and financial reporting. Key topics include accounting and financial reporting principles, budgeting and financial planning, financial statement analysis, and fund accounting.
Part 3: Governmental Financial Management and Control
The last section focuses on financial management, Cgfm Exam Difficulty internal controls, and auditing. It requires candidates to demonstrate expertise in cash management and investments, financial management systems, auditing principles and standards, and risk assessment and fraud prevention.
Why is the CGFM Exam Difficult?
The CGFM exam is challenging because it tests candidates on both theoretical knowledge and practical application. The broad scope of topics, complex financial concepts, and stringent passing criteria make it a difficult certification to obtain. Some key reasons why candidates find the exam difficult include extensive subject matter, application-based questions, time constraints, and rigorous standards.
