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AGA GAFRB Test Passed : Examination 2: Governmental Accounting, Financial Reporting and Budgeting (GAFRB)

GAFRB actual test
  • Exam Code: GAFRB
  • Exam Name: Examination 2: Governmental Accounting, Financial Reporting and Budgeting (GAFRB)
  • Updated: Jul 02, 2026
  • Q & A: 117 Questions and Answers
  • PDF Demo
  • PC Test Engine
  • Online Test Engine
  • Total Price: $59.99  

About AGA GAFRB Exam

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Do you meet a lion on the way when passing GAFRB exam as you want to gain the AGA Government Financial Manager and be a leader in IT field? If you really want to pass Examination 2: Governmental Accounting, Financial Reporting and Budgeting (GAFRB) exam as soon as possible, TestPassed GAFRB test dump will be your best helper. We are a strong company selling all test passed dumps of all IT certifications examinations published by almost all largest companies. We are the leading position in this area because of our very accurate GAFRB test dump, high passing rate and good pass score. We devote ourselves to providing the best test questions and golden customer service.

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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