CGFA Exams Candidate Guide
ASPIRE, INSPIRE AND BECOME A CGFA
To earn the CGFA Certification, you must pass a 6-part Exam, earning a score of 80% or better on each part. You may study for and take each part of the Exam separately. A minimum of two papers can be taken a sitting. Before taking the CGFA Certification Exams however, please ensure you meet the prerequisites for certification. This includes a minimum of a bachelor’s degree with 2years minimum experience plus an Associate Membership of the IICFA.
The 6-part online CGFA Certification Exam covers the following 6 papers:
Each Exam consists of 150 multiple-choice questions. All six tests must be completed within a one-year period from the time the first test is taken. An 80% minimum score is required to pass. Failed tests may be retaken at any time after repurchasing the test. Study materials including the six textbooks and our online study guide can be found here.
A Certificate of Completion will be emailed to you. After the successful completion of all six tests, application for CGFA membership in the IICFA can be made.
Once a test is purchased online, you will be emailed instructions for accessing the testing center along with a username and password for that test. You may start the test at your leisure after signing in to our testing center. However, once you have begun your test, it must be completed within the 180 minute time limit. When your test is complete, you will receive your results immediately. Your results will automatically be emailed to the IICFA as well. The CGFA Exam is offered at fixed intervals throughout the year. Thus, March, June, September and December respectively.
THE CGFA EXAM PREP COURSE
The Certification Test is divided into six parts and covers six books. Each test contains 150 multiple-choice questions and covers one book. The Exam Prep Course is a question database which contains 500 questions for each book. 150 questions are pulled at random from the database for each certification test. The Prep Course contains all of the database questions for each book and gives feedback for each question explaining which answer is correct and the logic behind the answer. The feedback section also explains why the incorrect answers are wrong. The Prep Course is online and can be accessed with the user name and password that will be emailed to you upon purchase. The Prep Course also contains a practice test for each book that you can take as many times as you would like. Each practice test will be 150 questions pulled randomly from the question database. Once you can consistently score 80% or more on these practice tests, you should have no trouble with the Final CGFA Certification Exam.