The Accounting and Financial Reporting exam for the CPFO program covers policies and processes recommended for states and local governments for both governmental and non-governmental funds. Tests will cover best practices in the topics below.
Accounting and Financial Reporting Outline
Interpretations and Analysis of Financial Statements
GFOA recommends that CPFO candidate review the following materials to prepare for the exam.
GFOA Best Practices
GFOA best practices are developed by GFOA's Committee on Accounting, Auditing, and Financial Reporting and represent the organization's recommended practices in common areas related to accounting.
Publications available for purchase from GFOA to help prepare for the accounting and financial reporting exam include:
- 2020 GAFR Blue Book
- Chapters: 1, 3, 4, 5, 6, 9, 17, 21, 28, 29, 30, 31, 33-35, 40-45 (See the exercises at the end of each chapter for practice questions.)
GFOA offers the following training seminars that will help prepare for the accounting and financial reporting exam:
- Government Accounting Intensive Series
- Accounting Academy (In-person training)
- Accounting for Non-Accountants
View GFOA's Events Calendar
Additional Web Resources
As the exam development process progresses for the seven new CPFO exams, some materials may be added to this reading list. Please check back regularly for updates to this document until the new exams are launched in spring 2021.
Last updated December 14, 2020