Certification

New Content and Specifications of CPFO Exams

Beginning in 2021, the CPFO program will consist of seven exams designed to verify knowledge in the disciplines of government finance.

Each exam is composed of 100 multiple-choice items, except for Procurement and Risk Assessment, which will be 75 items each. A multiple-choice item consists of a stem, which poses a problem, and four possible answers. Only one possible answer is correct or best. For CPFO certification exams, each item has four possible choices and is worth one-point.

Examinees must answer a minimum of 80 out of 100 items correctly to receive a passing score. The passing scores for Procurement and Risk Management will be provided in the spring of 2021.

Specifications for Current Exams

Accounting and Financial Reporting

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Compensation and Benefits

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Debt Management

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Planning and Budgeting

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Treasury and Investment Management

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Procurement

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Risk Management

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