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implementation, or operation; Budget formation, execution or analysis; Accounting or auditing policy and procedure development, implementation or interpretation; Accounting or auditing standards-setting; Audit of financial operations, financial statements, internal controls, or compliance with laws and regulations; Audit or evaluation of program performance or operations; Audit of contract compliance or costs; Financial report design or preparation; Financial planning or analysis; Cost or program accounting systems or asset management systems development or operation; Information resources management or electronic data processing; Government financial management training course design or instruction; Investigation of financially related fraud or criminal activities; Other experience in government financial management that the
Professional Certification Board deems acceptable.
86:(GASB) has a stated mission to "establish and improve standards of state and local governmental accounting and financial reporting that will result in useful information for users of financial reports and guide and educate the public, including issuers, auditors, and users of those financial reports." Pronouncements in particular have trended to incorporate more comparable elements of business-sector.
63:. For each of 23 federal agencies, the position of chief financial officer was created. Since that time, federal efforts have been intended to improve the government's financial management and develop standards of financial performance and disclosure. Similar financial expectations exist at state and local government levels.
32:. It was created in 1994 to provide a professional standard of financial expertise and ethics in government and a standard by which government financial management professionals are measured. Its education, experience and ethics requirements have served to elevate the most seasoned financial professionals.
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of the business or agency. This officer is also responsible for budgeting, financial planning, record-keeping, cash flow management, higher management. communicating financial performance and forecasts to the community. The title may vary, such as finance director or treasurer, from agency to agency.
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At least two years of professional-level experience in government financial management. A candidate's experience must involve U.S. government financial management at a professional level in federal, state or local government and encompass one or more of the following areas: Financial systems design,
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The CGFM is broad; it covers federal, state and local government financial management. It measures a wide range of knowledge and skills that a professional needs to succeed in the federal government financial environment, or to meet the unique challenges faced by state and local government financial
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Those who may be qualified and have the skills to lead can subject themselves to peer credentialing. The
Certified Government Financial Manager (CGFM) does this. A professional certification provides a degree of confidence that practitioners are adequately trained, educated and experienced to be
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Financial reporting has multiple audiences, with a responsibility to citizens, taxpayers and voters to provide transparent accountability for use of public funds (taxes). Additionally, financial reporting must provide internal guidance to program managers to maintain budgetary control and to
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from an accredited U.S. college or university and a minimum of two years' of professional-level experience in U.S. government financial management. The examinations consists of three 135 minute exams which must be taken within 18 months of enrolling. A CGFM must complete
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financial crisis in the 1970s and 1980s, state and local governments began overhauling their financial management systems. In 1990, the Chief
Financial Officers (CFO) act called for reforms that brought the goal of accountability to the forefront. The 1994 Bankruptcy of
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The foundation of the CGFM are the requirements for education, experience, examination and commitment to excellence. This includes adherence to a Code of Ethics and required
Continuing Professional Education (CPE).
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The need for and value of financial managers has increased. Over the past decades, a number of factors have created a rapidly changing environment for today's government financial managers. Beginning with the
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The curriculum of the CGFM certification covers such topics as accounting; auditing; internal controls; budgeting and financial reporting, and applies to federal, state, and local government.
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In addition to submitting an application for the CGFM program and abiding by AGA's Code of Ethics, candidates for CGFM certification must meet the following requirements:
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99:, further underscored the need for ongoing excellence and expertise in the field of municipal finance.
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governing city councils and boards of directors to provide adequate financial policy guidelines.
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The certification requires experience, education, and examinations. Candidates must have a
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The CFO typically reports to the city manager or other chief executive officer.
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Performance
Measurement/Metrics/Service Efforts and Accomplishments (SEA)
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Legally-Based
Implications of the Government Financial Environment
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2. Governmental
Accounting, Financial Reporting and Budgeting
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Concepts, Definitions and
Notions of Public Accountability
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prepared for financial challenges in the real world.
277:American Institute of Certified Public Accountants
221:State and Local Financial Accounting and Reporting
234:3. Governmental Financial Management and Control
24:) is a professional certification issued by the
136:from an accredited U.S. college or university.
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246:Financial and Managerial Analysis Techniques
59:(CFO Act) was signed into law by President
227:Federal Financial Accounting and Reporting
196:as Applied to the Governmental Environment
160:Organization, Structure and Authority of
51:Need for excellence in government finance
44:(CPE) credits to maintain certification.
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349:Professional titles and certifications
18:Certified Government Financial Manager
354:Professional certification in finance
310:Government Accounting Standards Board
26:Association of Government Accountants
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175:Government Management System (Cycle)
57:Chief Financial Officers Act of 1990
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202:Electronic Services in Government
42:Continuing Professional Education
344:Accounting in the United States
154:1. The Governmental Environment
240:Financial Management Functions
181:Governmental Financing Process
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329:CPA Exam Application Process
287:List of post-nominal letters
282:Certified Public Accountant
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292:Professional certification
215:General Knowledge Section
103:Service provided by CGFMs
97:Orange County, California
140:Professional experience
68:chief financial officer
324:CGFM Certification
252:Internal Controls
134:bachelor's degree
120:CGFM requirements
61:George H. W. Bush
37:bachelor's degree
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298:References
162:Government
112:managers.
128:Education
271:See also
264:Auditing
194:Ethics
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