Success in your Finance Career
Managing a career in finance requires staying up-to-date on industry trends, as well as maintaining a commitment to ongoing education and professional advancement. With the CFS certification, you will revive, nurture, and increase your knowledge base. The certification provides a comprehensive introduction to the analytical tools and skills that you need to thrive in different financial management roles. The certification provides a solid grounding in contemporary financial management concepts with a particular emphasis on the decision making tools and their application to real world problems.
CFS certification is recognised on the Scottish Credit and Qualifications Framework (SCQF) as a Level 7 qualification. The SCQF is one of the national qualifications frameworks in the UK. The SCQF is a partnership between the Quality Assurance Agency for Higher Education (QAA), College Development Network, the Scottish Qualifications Authority and Universities Scotland. The CFS certification is also recognised as a Level 5 qualification in the European Qualifications Framework (EQF).
What will I learn?
CFS certification provides you with skills that are at the cutting edge of financial management practices. You will get the opportunity to learn the basic theory and analytical skills that are much-needed for working capital management. You will examine the workings and efficiency of capital markets and you will master the principles of capital structure. You will be able to perform business valuations using simulated cases. You will learn how to evaluate business mergers and acquisition decisions. You will analyse company restructuring alternatives and make smart investment appraisal decisions. You will also enjoy an introduction to the fundamental concepts of Islamic finance.
Who is it for?
We welcome professionals who will be able to stand out in the industry by gaining the certification. We also welcome individuals who are planning to develop their career in finance.
In order to achieve the CFS credential, you need to pass a computer based MCQ exam. Duration of the exam is 60 minutes and total mark is 100. You will need to get minimum 50% marks to pass the exam.
|Exam duration||No. of MCQs||Total marks||Pass marks|
|60 Minutes||35 MCQs||100 marks||50%|
If you unfortunately fail in your first exam attempt, you will be allowed four re-sit exam opportunities. However, all re-sit exams must be taken within two years from your first exam attempt date. Each re-sit exam fee is only £29.
|Exam Fee||Resit Fee||Coursebook|
Plan for your study and exam
In an increasingly volatile world, we aim to preserve the sustainable value of our certifications. While our current content continues to bridge the skills gap, we plan to introduce new CFS scheme in December 2020. For seamless transition, we are not currently accepting new students under legacy scheme. Please click here to quickly register your interest to study upcoming CFS certification scheme and we will surely update you once registration window opens!
Annual Maintenance and Re-certification
After successfully completing your CFS exam, you become authorised to use CFS post-nominal letters after your name. Annual Maintenance Fees (AMF) are required to maintain your CFS credential. Your first Annual Maintenance Fee (AMF) is due on the anniversary of passing the CFS exam. Subsequent AMFs are due on each anniversary date thereafter. Annual Maintenance Fee (AMF) is £49 per year.
Maintaining your CFS certification is crucial to your professional growth, fluency and currency within the industry. IQN requires that you recertify by passing an online re-certification exam once every eight years. This is to ensure that you maintain the same level of knowledge demonstrated in your first exam. Re-certification exam fee is only £9.
Exam Registration Eligibility
There are two entry routes to become eligible to sit for the CFS exam. Before you apply, make sure you meet either entry route A or B:
(On the basis of education and experience)
|HND/Associate Degree/Bachelor Degree/IQN Diploma/Equivalent||1-year work experience|
(On the basis of experience alone)
|No formal qualification||3-year work experience|