Certified Financial Manager – CFM (USA)

$550.00

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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

  1. Discuss the role of the finance function within a business.
  2. Identify and discuss possible objectives for a business and explain the advantages of the shareholder wealth maximization objective.
  3. Explain how risk, ethical considerations, and the needs of other stakeholders influence the pursuit of shareholder wealth maximization.
  4. Describe the agency problem and explain how it may be managed.
  5. Explain how business plans are developed and the role that projected financial statements play in this process.
  6. Prepare projected financial statements for a business and interpret their significance for decision-making purposes.
  7. Discuss the strengths and weaknesses of each of the main methods of preparing projected financial statements.
  8. Explain the ways in which projected financial statements may take into account the problems of risk and uncertainty.
  9. Identify the major categories of ratios that can be used for analysis purposes.
  10. Calculate key ratios for assessing the financial performance and position of a business and explain the significance of the ratios calculated.
  11. Discuss the use of ratios in helping to predict financial failure.
  12. Discuss the limitations of ratios as a tool of financial analysis.
  13. Explain the nature and importance of investment decision-making.
  14. Identify and discuss the four main investment appraisal methods found in practice.
  15. Use each method to reach a decision on a particular investment opportunity.
  16. Explain the key stages in the investment decision-making process.
  17. Explain the modifications needed to the simple NPV decision rules where there is capital rationing or where there are competing projects with unequal lives.
  18. Discuss the effect of inflation on investment appraisal and explain how inflation may be taken into account.
  19. Discuss the nature of risk and explain why it is important in the context of investment decisions.
  20. Describe the main approaches to the measurement of risk and discuss their limitations.
  21. Identify the main sources of external and internal finance available to a business and explain their main features.
  22. Discuss the advantages and disadvantages of each source of finance.
  23. Discuss the factors to be taken into account when choosing an appropriate source of finance.
  24. Discuss the role and nature of the Stock Exchange.
  25. Discuss the nature and implications of stock market efficiency.
  26. Outline the methods by which share capital may be issued.
  27. Identify the problems that smaller businesses experience in raising finance and describe the ways in which they may gain access to long-term finance.
  28. Calculate the weighted average cost of capital for a business and assess its usefulness when making investment decisions.
  29. Calculate the degree of financial gearing for a business and explain its significance.
  30. Evaluate different capital structure options available to a business.
  31. Discuss the key points in the debate over whether a business has an optimal capital structure.
  32. Describe the nature of dividends and evaluate the arguments concerning their potential impact on shareholder wealth.
  33. Identify and discuss the factors that influence dividend policy in practice.
  34. Describe the nature of scrip dividends and discuss the case for and against this form of distribution.
  35. Explain what share buybacks involve and discuss the main issues that they raise.
  36. Identify the main elements of working capital.
  37. Discuss the purpose of working capital and the nature of the working capital cycle.
  38. Explain the importance of establishing policies for the control of working capital.
  39. Explain the factors that have to be taken into account when managing each element of working capital.
  40. Describe the shareholder value approach and explain its implications for the management of a business.
  41. Discuss the reasons why new ways of measuring shareholder value are necessary.
  42. Explain shareholder value analysis (SVA) and economic value added (EVA®) and discuss their role in measuring and delivering shareholder value.
  43. Explain market value added (MVA) and total shareholder return (TSR) and evaluate their usefulness for investors.
  44. Identify and discuss the main reasons for mergers and takeovers.
  45. Discuss the advantages and disadvantages of each of the main forms of purchase consideration used in a takeover.
  46. Identify the likely winners and losers from takeover activity.
  47. Outline the tactics that may be used to defend against a hostile takeover bid.
  48. Identify and discuss the main methods of valuing the shares of a business.

EXAM DETAILS

  • Only 60 Multiple Choice Questions
  • The passing score is 70% or higher
  • Retake the exam unlimited times within a 90-day
  • The exam duration is 120 minutes

STUDY TOPICS

  • The world of financial management
  • Financial planning
  • Analyzing 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 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

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 the 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.
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