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Last Updated: Sep 13, 2026

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

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AGA GAFRB Practice Q&A's

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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

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As we all know, being qualified by the Examination 2: Governmental Accounting, Financial Reporting and Budgeting (GAFRB) certification can open up unlimited possibilities for your future career, If you are desire to jump out your current situation and step ahead of others, our AGA GAFRB training questions can help you to overcome the difficulties in the preparation for GAFRB actual test-from understanding the necessary and basic knowledge to passing the actual test. Now, all the efforts our experts do are to help our customers optimize their technology knowledge by offering the convenient, high quality and useful GAFRB valid practice material. Now, let us together study and have a look at the advantages of the GAFRB test study engine.

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