Certified Finance Specialist (CFS) Programme

A Certified Finance Specialist (CFS) is a professional equipped with the skills and knowledge to analyze business processes, identify opportunities for improvement, and recommend effective solutions to drive organizational success. These individuals are experts in gathering and analyzing data, identifying business needs, and defining requirements for implementing changes within a company. Through their expertise in data analysis, critical thinking, and communication.

CFS Entry Requirements

1. A Bachelor’s degree in any field;

2. At least Graduation in a related area (e.g., HR, business management, sales, marketing, supply chain, internal control, treasury, banking, etc.) is preferred.

3. A minimum of 25 hours of approved accounting management training.

Evaluate/Assessment

Upon completing the course, you will be required to sit for an online exam.
Marks: 100
Passing score: 50%
Duration: 90 minutes.
If a participant fails the exam, they can retake it 2nd time on free of cost on the next available date by confirming via email. For further attempts, only the exam fee of GBP 50 needs to be paid.

Exam Format

The CFS examination is a closed-book, One hour & Thirty Minutes test consisting of 100 multiple-choice questions. You can take the exam from your residence using your computer.

CFS Syllabus

This course syllabus consists of the following 10 modules:

Module 1: Fundamentals of Financial Statements

Introduction to the income statement, balance sheet, and statement of changes in equity with basic accounting principles.

Module 3: Financial Statement Analysis and Interpretation

Tools and techniques for analyzing financial health using ratios, trends, and comparative analysis.

Module 5: Budgeting and Financial Planning

Development and management of operational and capital budgets, forecasting, and variance analysis.

Module 7: Cost-Volume-Profit (CVP) and Break-Even Analysis

Financial modeling for decision-making related to volume, pricing, cost behavior, and profitability thresholds.

Module 9: Working Capital and Short-Term Financial Management

Managing inventory, receivables, payables, and cash to ensure liquidity and operational efficiency.

Module 2: Cash Flow Analysis and Management

Preparation and interpretation of the Statement of Cash Flows, with a focus on operating, investing, and financing activities.

Module 4: Cost Accounting and Cost Classification

Understanding direct and indirect costs, fixed vs variable costs, and cost accumulation methods for internal reporting.

Module 6: Standard Costing and Performance Evaluation

Application of standard costs, variance calculations, and control mechanisms for efficient operations.

Module 8: Strategic Pricing and Financial Decision-Making

Pricing methods, value-based pricing, and financial considerations in pricing decisions.

Module 10: Introduction to Islamic Finance and Shariah-Compliant Instruments

Principles of Islamic finance, key instruments (Murabaha, Ijara, Sukuk), and comparison with conventional finance.

Certified Finance Specialist (CFS)
Specimen Certificate

After passing the Exam, AAP courier the hardcopy CFS certificate to the candidates origin country.

Certified Finance Specialist (CFS)