ASMC does not endorse any specific person, product, resource, or service as a means of preparing for or achieving certification. No one study tool should be considered the only basis for exam preparation. Training courses are not meant to be a sole source of preparation for the CDFM exams.
ASMC strongly recommends a minimum study and review time of three months based on the CDFM Exam Specifications (Blueprints) in a variety of formats, which may include original DoD guidance documents online as well as any of the resources listed below.
ASMC cannot stress enough the importance of self-review of the Exam Specifications/Blueprints content areas using original DoD guidance listed in the CDFM Module 1-3 Exam Reference List below.
The following is the list of references that ASMC’s CDFM exam subject matter experts used to develop the exam questions:
Budget Concepts and Budget Process (FY 2016)
CFR—Code of Federal Regulations (All)
5 CFR 1315—Prompt Payment (1 Jan 2002)
5 CFR 2635—Standards of Ethical Conduct for Employees of the Executive Branch (1 Jan 2011)
DoD FMR / DoD 7000.14-R—Department of Defense Financial Management Regulation (DoD FMR Volumes)
DoD Issuances (All, including Directives and Instructions)
DoDD 1404.10—Emergency-Essential (E-E) DoD U.S. Citizen Civilian Employees (10 Apr 1992)
DoDD 5010.42—DoD-Wide Continuous Process Improvement (CPI)/Lean Six Sigma (LSS) Program (15 May 2008)
DoDD 7045.14—The Planning, Programming, Budgeting, and Execution (PPBE) Process (25 Jan 2013)
DoDI 1100.19—Wartime Manpower Mobilization Planning Policies and Procedures (20 Feb 1986)
DoDI 1400.32—DoD Civilian Work Force Contingency and Emergency Planning Guidelines and Procedures (15 Jan 1987)
Financial Report of the U.S. Government (2015)
GAO Comptroller General Reports and Decisions (All)
GAO-14-704G / The Green Book—Standards for Internal Control in the Federal Government (10 Sep 2014)
GAO-16-464SP / The Red Book—Principles of Federal Appropriation Law, Third Edition & 1st two Chapters of Fourth Edition
GAO-12-331G / The Yellow Book—Generally Accepted Government Audit Standards (GAGAS) and Annual Updates (1 Dec 2011)
How Our Laws Are Made found on congress.gov website (Google key phrase: “How Our Laws Are Made congress.gov”)
OMB Bulletins (All)
OMB Bull 15-02—Audit Requirements for Federal Financial Statements (4 Aug 2015)
OMB Circulars (All)
OMB Cir A-11—Preparation, Submission, and Execution of the Budget (30 Jun 2015)
OMB Cir A-94—Guidelines and Discount Rates for Benefit-Cost Analysis of Federal Programs (29 Oct 1992)
OMB Cir A-123—Management’s Responsibility for Internal Control (21 Dec 2004)
OMB Cir A-136—Financial Reporting Requirements (4 Aug 2015)
Public Laws (All)
PL 103-62—Government Performance and Results Act of 1993 (3 Aug 1993)
PL 103-356—Government Management Reform Act of 1994 (14 Oct 1994)
PL 111-204—Improper Payments Elimination and Recovery Act of 2010 (22 Jul 2010)
PL 111-352—GPRA Modernization Act of 2010 (4 Jan 2011)
US Codes (All)
5 USC—Government Organization and Employees
10 USC—Armed Forces
18 USC—Crimes and Criminal Procedure
31 USC—Money and Finance
32 USC—National Guard
37 USC—Pay and Allowances of the Uniformed Services
41 USC—Public Contracts
50 USC—War and National Defense
U.S. Constitution—The Constitution of the United States of America
Download a pdf of the CDFM Module 1-3 Exam Reference List here. Please note that web links change frequently and you may need to enter key words from a reference into an Internet browser search to find its current location.
The CDFM Practice Test is a supplemental online assessment resource for individuals preparing to take the CDFM exams. This tool is designed to help build your confidence and identify areas in which additional exam preparation may be needed. A subscription is $59 and gives you 3 months of 24/7 access to:
- Over 100 questions for each of Modules 1, 2, and 3, across all 10 domains
- Exam items written by subject matter experts for the CDFM exams
- Digital flash cards
- Unlimited, fully customizable tests
- Immediate, domain-level feedback
- Resource web links in one place
- Examination resource documents in one place
- An opportunity to identify personal strengths and weaknesses
- Familiarity with CDFM exam item format
- Full mobile optimization
View more information here.
The textbook used in ASMC’s Enhanced Defense Financial Management Training Course (EDFMTC) provides extensive information on all the competency areas addressed in the Module 1, 2, and 3 CDFM exams. (Note that there is fiscal law content in all 3 exams but all fiscal law material is in the 3rd textbook module.) The textbook used in ASMC’s Module 4 Acquisition Business Management Course—the “Module 4 Addendum”—provides detailed information on the competency areas addressed in the Module 4 CDFM exam. View more information on ASMC textbooks here. Both textbooks can be purchased on the ASMC website at www.asmconline.org/pd/textbooks. Important note: there is fiscal law content on all CDFM exams. In the EDFMTC textbook, the fiscal law content for all three modules is compiled in one Fiscal Law chapter.
DoD’s Resource Management Universities and Schools
Selected elements of the curriculum at these educational institutions, such as the US Army Finance School at Ft Jackson, the Defense Financial Management and Comptroller School at Maxwell AFB, the Syracuse University Defense Comptrollership Program, the Defense Resource Management Institute, the Defense Acquisition University, and the Naval Postgraduate School, will contribute to preparation for the examinations.
COURSES Important Note: Training courses are not meant to be a sole source of preparation for the CDFM exams.
The EDFMTC is a 5-day, 40 hour intensive review of DoD financial management taught virtually and all over the world, typically on U.S. military bases. It was developed in the year 2000 with the goal to broaden the students’ overall understanding of defense financial management. The course content is presented in 3 sections that correspond to the 1, 2, and 3 CDFM exam modules and knowledge areas.
The course is highly regarded by DoD and has been aligned to the DoD Financial Management Certification Program. (See Appendices.) View course availability and information on hosting an EDFMTC for your group here.
ASMC provides a 2-day training course emphasizing the Defense Department’s approach to acquisition of major systems. The course provides an overview of the defense acquisition system, review and approval procedures, milestones, and program management terms. The course has been aligned to the DoD Financial Management Certification Program. View course availability and information on hosting a Module 4 Course for your group here.
ASMC offers 2-day individual module refresher courses that focus on one module area at a time and follow the format of the EDFMTC textbook. These courses have been aligned to the DoD Financial Management Certification Program. View course availability and information on hosting Refresher Courses for your group here.
ASMC offers 1, 2, and 3 day fiscal law courses. These courses are also available for chapters or organizations to sponsor. Check the ASMC website for course availability and information on hosting a course for your group. ASMC’s fiscal law courses are aligned to the DoD FM Certification Program. Note: there is fiscal law content on all three of the CDFM Module 1, 2, and 3 exams.
DoD Financial Regulations
In addition to specific, official documented references (these are the source documents for the examination questions), other supplemental study materials are recommended. As you work through the different competency areas, you may find the majority of references are already somewhat familiar to you. Most prevalent are the DoD Financial Regulations, better known as FMRs. Don’t forget to review Volume 1 of the FMR for definitions. The FMRs are all downloadable for free at comptroller.defense.gov/FMR.
OMB Circulars and US Codes
Another common reference is the OMB circular. These are also easy to download by going to https://www.whitehouse.gov/omb/circulars. All of the original legal citations from 10 US Code and 31 US Code are available through the fiscal law section or by going directly to http://uscode.house.gov. Simply enter the title (i.e., Title 10 or Title 31) and section number, and the search engine will provide the text.
All DoD publications, instructions, directives, manuals, etc., are available at https://www.defense.gov/Resources/Forms-Directives.
DoD Green Book, Red Book, and Yellow Book
The DoD Green Book (Standards for Internal Control of the Federal Government), Red Book (Principles of Federal Appropriations Law), and Yellow Book (Generally Accepted Government Auditing Standards) are available at https://www.gao.gov.
Army Cost Analysis Manual
The Army Cost Analysis Manual, which covers common cost estimating topics, and is available at https://www.asafm.army.mil/Portals/72/Documents/Offices/CE/20200330%20CAM.pdf.