The Certified Finance Manager (CFM) is a professional certification specializing in accounting and financial management. It is designed to develop the knowledge and skills required to understand and manage key financial aspects within a business environment. The CFM course focuses on building a solid foundation in accounting and financial concepts, preparing and analyzing financial statements, managing costs, cash, inventory, receivables and payables, as well as budgeting, financial planning, and supporting effective decision-making.
The course helps learners understand the financial cycle within organizations and connect accounting and financial information with managerial decision-making, enhancing their ability to handle financial responsibilities effectively. It is suitable for accountants and professionals working in finance and management, recent graduates, managers, and entrepreneurs seeking to strengthen their knowledge and skills in accounting and financial management.
There are no specific academic prerequisites or required fields of study for pursuing the Certified Finance Manager (CFM) certification. However, having a basic understanding of accounting or financial management can help learners benefit more effectively from the program content. The certification is suitable for recent graduates, accountants and professionals working in finance and management-related fields, as well as managers and entrepreneurs seeking to strengthen their financial knowledge and skills.
Examination Requirements and Procedures:
- Exam Format: The examination is conducted online in AI-proctored mode and can be taken anytime and from anywhere within the validity period of the exam voucher.
- Number of Questions: The examination consists of 100 multiple-choice questions (MCQs).
- Exam Duration: 90 minutes (1 hour and 30 minutes).
- Passing Score: Candidates must achieve a minimum score of 70%, equivalent to answering at least 70 out of 100 questions correctly.
- Exam Voucher Validity: The exam voucher is valid for eight months.
- Number of Attempts: Each exam voucher allows two attempts. If a candidate does not pass the examination within these two attempts, a new voucher may be purchased, providing two additional attempts. If the candidate passes the examination on the first attempt, the voucher cannot be used for a second attempt.
- Certification Validity: The CFM certification is valid for life.
Upon completing the CFM course, learners are expected to be able to:
- Understand and apply fundamental accounting and financial management principles within a business environment.
- Understand, prepare, and analyze financial statements and interpret financial indicators and results to support performance evaluation.
- Manage key financial and operational elements, including cash, inventory, accounts receivable, and accounts payable, while understanding the related internal controls.
- Prepare budgets and apply financial planning and control concepts to support the achievement of organizational objectives.
- Use cost information for analysis and to support managerial and financial decision-making.
- Understand the impact of business activities and transactions on accounting records and financial reports.
- Apply accounting and financial knowledge to effectively handle financial responsibilities and make more informed decisions in the workplace.
- Introduction to Accounting and Finance
- Financial Statements Overview
- Financial Statements Analysis
- Inventory Management and Costing
- Cash Management & Controls
- Managing Receivables and Payables
- Financial Reporting Adjustments
- Budgeting and Financial Planning
- Costing Information for Decision Making
- Business Activities and Their Impact on Accounting