Certified Financial Manager | CFM
The Certified Financial Manager (CFM) certification is a professional credential for individuals who have demonstrated a high level of knowledge, skills, and expertise in financial management.
The CFM certification is provided by the Global Association of Business & Management (GABM.us), which is based in the United States and specializes in membership and professional certifications for the business and management field.
LEARNING OUTCOMES
- Finance function's pivotal role in business operations.
- Business objectives diversity and shareholder wealth maximization advantages.
- Impact of risk, ethics, and stakeholders on wealth maximization.
- Agency problem and strategies for its management.
- Business plan development and financial statement importance.
- Projected financial statement preparation and decision-making significance.
- Strengths and weaknesses of projected financial statement methods.
- Managing risk and uncertainty in projected financial statements.
- Major ratio categories for financial analysis.
- Ratios for assessing financial performance and their significance.
- Ratios' role in predicting financial failure.
- Limitations of ratios in financial analysis.
- Investment decision-making's nature and importance.
- Four main investment appraisal methods and their application.
- Investment decision-making process stages.
- Modifications for NPV in capital rationing and unequal project lives.
- Inflation's impact on investment appraisal and adjustments.
- Risk's importance in investment decisions and measurement approaches.
- Sources of external and internal finance, features, and factors.
- Capital structure, dividends, working capital, shareholder value, mergers, takeovers.
KEY BENEFITS
- Advanced financial analysis and reporting skills.
- Knowledge of financial planning and control.
- Expertise in investment management and risk assessment.
- Understanding of accounting principles and practices.
- Proficiency in taxation and financial reporting.
- Knowledge of financial markets and global economy.
- Ability to utilize information technology in financial management.
- Comprehension of corporate finance and ethics.
- Enhanced decision-making and problem-solving abilities.
- Confidence in financial leadership and management.
FACTS
The CFM certification can also have a positive impact on an individual’s organization. Financial managers who hold the CFM certification are better equipped to provide strategic financial leadership and to make informed, data-driven decisions that can benefit the organization.
EXAM DETAILS
- Only 60 Multiple Choice Questions
- The passing score is 70% or higher
- The exam duration is 120 minutes
- Retake the exam unlimited times within 90 days
- No additional charges for retaking the exam
STUDY TOPICS
- The world of financial management
- Financial planning
- Analysing and interpreting financial statements
- Making capital investment decisions
- Making capital investment decisions: further issues
- Financing a business 1: sources of finance
- Financing a business 2: raising long-term finance
- The cost of capital and the capital structure decision
- Making distributions to shareholders
- Managing working capital
- Measuring and managing for shareholder value
- Business mergers and share valuation
WHO ARE INTERESTED?
- Finance Managers
- Chief Financial Officers
- Accounting professionals
- Risk assessment professionals
- Financial planners and analysts
- Economics/business graduates
- Ethics-focused individuals
- Global finance professionals
- IT-focused individuals