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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
  • 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.
Topic 3
  • 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.

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

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As we all know, the AGA certificate has a very high reputation in the global market and has a great influence. But how to get the certificate has become a headache for many people. Our learning materials provide you with an opportunity. Once you choose our GAFRB exam practice, we will do our best to provide you with a full range of thoughtful services. Our products are designed from the customer's perspective, and experts that we employed will update our learning materials according to changing trends to ensure the high quality of the materials. What are you still waiting for? Choosing our GAFRB guide questions: Examination 2: Governmental Accounting, Financial Reporting and Budgeting (GAFRB) and work for getting the certificate, you will make your life more colorful.

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