Certified Finance Manager (CFM)

Certification Overview

Certified Finance Manager (CFM)

Exam Code: CFM-001

The CFM Certification is highly recommended and will be of great interest to entrepreneurs and business professionals who would like to get a thorough knowledge to accounting practices and theory, and to any learner who is interested in accounting or finance as a future career.

Most of us flinch when we hear terms like depreciation, cash flow, balance sheet, and (worst of all!) budgets. However, these are all important concepts to understand if you’re going to succeed in today’s business world, particularly as a supervisor. Even better, financial terms are not as scary as they seem! The Certified Finance Manager (CFM) Certification is designed to enhance the capabilities of finance professionals and also serves as a first step in the Finance Management profession.

For managers in today’s business world, it’s essential to have a working knowledge of finance. We all play a role in our organization’s financial health, whether we realize it or not. If you don’t have training or a background in finance, you may be at a disadvantage as you sit around the management table. Understanding the cycle of finance will help you figure out where you fit into your company’s financial structure, and how to keep your department out of the red. Our E-Course will help you take the Certified Finance Manager (CFM) Certification Exam with confidence.

E-Course Duration: 30 to 35 Hours

Exam Information

The exam comprises of 100 Multiple Choice Questions out of which the candidate needs to score 70% (70 out of 100 correct) to pass the exam.

Exams are online and proctored based, using a webcam and a reliable internet connection exams can be taken anywhere and anytime.

The total duration of the exam is 1 hour 30 minutes (90 Minutes).

No external sources of information may be accessed during the exam via ProctorU. Further details of the materials permitted are provided:

  • Identification Proof
  • If a Candidate does not pass the exam in the second (2nd) attempt, the candidate must wait for a period of at least fourteen (14) calendar days from the date of their attempt to retake the exam for third (3rd) time or any subsequent time.
  • The exam can be taken any number of times.

The Certified Finance Manager (CFM) Certificate is valid for life.

CFM™ is a Trademark of GAQM.

Successfully passing the CFM exam will also earn candidates a total of 9 Credits and 136 hours of Total Learning Hours towards MBA Finance offered by Charisma University.

The Certified Finance Manager (CFM) Certification has no pre-requisites (Completion of an E-Course is not mandatory from GAQMBok portal), but we highly recommend doing the E-Course as maximum number of questions are drawn from the E-Course in the actual exam.

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Course Outline

Module 1 - Accounting

  • Introduction
  • The Accounting Cycle
  • The Key Reports
  • A Review of Financial Terms
  • Understanding Debits and Credits
  • Your Financial Analysis Toolbox
  • Identifying High and Low Risk Companies
  • The Basics of Budgeting
  • Working Smarter
  • People and Numbers

Module 2 - Budgets and Managing Money

  • Introduction
  • Finance Jeopardy
  • The Fundamentals of Finance
  • The Basics of Budgeting
  • Parts of a Budget
  • The Budgeting Process
  • Budgeting Tips and Tricks
  • Monitoring and Managing Budgets
  • Crunching the Numbers
  • Getting Your Budget Approved
  • Comparing Investment Opportunities
  • ISO 9001:2008
  • Directing the Peerless Data Corporation

Module 3 - Accounting - Merchandising Transactions

  • Merchandising Transactions
  • Gross Selling Price
  • Returns and Allowances
  • Cost of Goods Sold
  • Classified Income Statement

Module 4 - Measuring and Reporting Inventory

  • Merchandise Inventory
  • Determining Inventory Costs
  • Four Inventory Costing Methods
  • Pro’s and Con’s of the Four Costing Methods
  • Journal Entries for the Peretual Inventory Procedure
  • Departures from Cost Basis for Inventory Measurement

Module 5 - Accounting - Control and Monitoring of Cash Assessment

  • Control of Cash
  • Internal Contols
  • Controling Cash
  • The Bank Checking Account
  • Bank Reconcilliation
  • Petty Cash Fund

Module 6 - Accounting - Receivables and Payables

  • Accounts Receivable
  • Uncollectable Accounts
  • Write-offs and Recoveries
  • Current Liabilities
  • Notes Receivable and Note Payable
  • Short Term Financing through Notes Payable

Module 7 - Adjustments for Financial Reporting

  • Cash versus Accrual Basis Accounting
  • Classes and Types of Adjusting Entries
  • Adjustments for Deferred Items - Expenses
  • Adjustments for Deferred Items - Depreciation
  • Adjustments for Accrued Items

Module 8 - Accounting and Its Use in Business Decisions

  • The Accounting Environment
  • Accounting Defined
  • Overview of Accounting
  • Financial Statements of Business Organizations
  • The Financial Accounting Process
  • How Transactions Affect Income Statements and Balance Sheets
  • Dividends and Equity Ratios
  • Corporate versus Sole Proprietorship or Partnership Accounting

Module 9 - Recording Business Transactions in Accounting

  • The Account and Rules of Debit and Credit
  • Recording the Transactions
  • The Accounting Cycle
  • The Accounting Process in Operation
  • Analyzing and Using the Financial Results
  • The Use of Ledger Accounts

Module 10 - Completing the Accounting Cycle

  • The Work Sheet
  • Preparation of Financial Statements from the Work Sheet
  • Accounting Systems: From Manual to Computerized
  • The Closing Process
  • A Classified Balance Sheet
  • Analysis-Current Ratio

Module 11 - Accounting Theory

  • Traditional Accounting Theory
  • Major Principles
  • Modifying Conventions
  • Objectives of Financial Statements
  • Basic Elements of Financial Statements

Module 12 - Financial Topics

  • Foundation 1
  • Foundation 2
  • Checking Accounts
  • Short Term Savings
  • Credit
  • Summary
  • Foundation 3
  • Money Management
  • Matching Product
  • Comparision with Cash Management
  • Emergency Fund
  • Managing Debt
  • Insurance and Protection
  • Employee Wages
  • Employee Benefits
  • Stock and Commodities Markets
  • Inflation
  • Homeowners Insurance
  • Taxation
  • Shares and Bonds
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Target Audience

  • Any one who is a part of the Department of Finance and Deregulation Financial Management and Budgeting
  • Anyone needing to develop their understanding of finance, budgeting and accounts.

Registration Process for E-Course and Exam

Premium Package
(E-Course Version)

  • Self Explanatory
  • Valid for 40 days
  • The Package also includes E-Voucher/Access Key for Certification Exam
  • The E-Voucher/Access Key can be used via ProctorU Globally.
  • Includes E-certificate and Digital Badge if you qualify in the exam.
  • Course Duration: 40 Days
  • Price: 185 USD

Standard
Package

  • Self Explanatory
  • E-Course is Valid for 20 days
  • This Package doesn't includes E-Voucher for Certification Exam.
  • Candidate has to purchase the E-Voucher separately to take the Certification Exam.
  • Course Duration: 20 Days
  • Price: 70 USD

Exam
Voucher

  • Validity: 240 Days
  • Price: 170 USD
  • Please Read Carefully:

    1) Please Purchase the Second Voucher from our Voucher Store to Schedule the exam via ProctorU.

    2) One Voucher can be used by one person, one time, for one exam discount/fee only.

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Exam Registration

  • To Register for an Exam
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