Certified Finance Manager™ (CFM™)

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.

Target Audience

  • CFOs, Finance Directors, Finance Controllers, Finance Managers, Chief Accountants, Senior Accountants, Financial Analysts etc.
  • Anyone 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.

Course Duration: 30 to 35 Hours

Exam Information

Exam Pattern

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.

Mode of Exam

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

Closed Book

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

Retaking of Exam

In the event that you do not qualify in the first attempt, there is an option to acquire a Double Shot Retake Voucher for 140 USD. This voucher provides the opportunity for two (2) attempts, instead of a single attempt.
To purchase the Double Shot Retake Voucher, kindly check with Meantoir Global Academy

Certification Validity

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

Trademark Acknowledgement

CFM™ is a Registered Trademark of GAQM®.

Trademark Acknowledgement

CFM™ is a Registered Trademark of GAQM®.

Pre-Requisite

The Certified Finance Manager™ (CFM™) Certification has no pre-requisites..

Outcome

  • Elevate your profile with the prestigious CFM™ certification
  • Enhanced Career Opportunities : CFM™ certification enhances your credibility and recognition among employers, clients, and peers. Join the ranks of over 80,000 GAQM’s designation holders from 65+ countries who have trusted GAQM to advance their careers and enhance their professional skills
  • Expanded Knowledge & Skills : CFM™ certification covers a comprehensive range of topics, equipping professionals with up-to-date knowledge and skills in finance, accounting principles, financial analysis, and strategies
  • Fast-track : Our lean and applied syllabus is designed to equip you with the necessary knowledge and skills for exam success within 30-35 hours. This means you can achieve your certification swiftly without compromising on quality.

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

  • IntroductionMerchandising 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

About GAQM®

“Global Association for Quality Management® (GAQM)® has gained Membership status from the Accreditation Service for International Schools, Colleges and Universities (ASIC). ASIC is recognized by UKVI in UK, is a member of the CHEA International Quality Group (CIQG) in USA and is listed in their International Directory, is a member of the BQF (British Quality Foundation), are affiliates of ENQA (European Network for Quality Assurance) and are institutional members of EDEN (European Distance and E-Learning Network).”
Global Association for Quality Management (GAQM)® is also a British Quality Foundation (BQF) Bronze Member.
 
The main aim of GAQM® is to offer Quality and Internationally Accredited Training and Certification in the fields of Finance, Management Science, and Information Technology. We impart quality education and training in all the certifications which is at par with the Global Standards. Unlike other certification bodies we don’t just ask the candidates to pass the exam, our main objective is to educate via E-Courses and Virtual classroom sessions, followed by an exam which the candidate needs to take through ProctorU via Online Proctoring Mode which follows a stringent process of examination.
The Credentials/Certifications which the GAQM® offers have increased acceptability around the world by the corporate sector. The Certification programs offered by the GAQM® are accepted and recognized by employers worldwide. As an International Institute, the Certification offered by the GAQM® is at par with the global standards. Moreover, all of our courseware is approved and authorized by the International Group of Experts and Professionals.
 
The GAQM® is an Internationally Recognized Organization maintaining a benchmark in Education and Certification it offers, GAQM® has certified over 80,000 individuals across the globe.

Certification:
GAQM provides successful candidates with a hardcopy certificate, which is enhanced with several security features to prevent copying and ensure authenticity. These features include a vertical hologram strip, heat sensitivity, as well as micro text and UV invisible ink.



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