Learn with AGA : GAFRB training material for 100% pass

Updated: Jul 28, 2026

No. of Questions: 117 Questions & Answers with Testing Engine

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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
  • 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.
Topic 3
  • 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.

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

AGA GAFRB Exam Overview:

Certification Vendor:AGA (Association of Government Accountants)
Exam Name:Examination 2: Governmental Accounting, Financial Reporting and Budgeting
Exam Number:GAFRB
Exam Format:Multiple-choice questions, Computer-based exam
Certificate Validity Period:18 months eligibility period; certification valid indefinitely with continuing education
Exam Price:$150 USD
Available Languages:English
Exam Duration:135 minutes
Related Certifications:Examination 1: Governmental Environment
Examination 3: Governmental Financial Management and Control
Passing Score:60%
Real Exam Qty:115
Recommended Training:AGA Official Study Materials
Exam Registration:Pearson VUE Scheduling
AGA Official Registration
Sample Questions:AGA GAFRB Sample Questions
Exam Way:Onsite at Pearson VUE centers or online proctored via OnVUE
Pre Condition:Bachelor's degree from accredited institution; no prior exam required; 2 years relevant experience needed before certification award
Official Syllabus URL:https://www.agacgfm.org/CGFM/Candidates/CGFMProcess/Examination/Exam2.aspx

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