CERTIFIED FINANCE SPECIALIST

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.

Recognition

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.

Exam & Fees

In order to achieve the CFS credential, you need to pass a computer-based MCQ exam. Duration of the exam is 120 minutes and total mark is 200. You will need to get minimum 60% marks to pass the exam.


Exam duration No. of MCQs Total marks Pass marks
120 minutes 85 MCQs 200 marks 60%

Currently CFS exam fee is £149. If you unfortunately fail in your first exam attempt, you will be allowed five 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 £49. Successful students are issued digital certificate and transcript at no extra cost! However, in case any student require hard-copy certificate and transcript, additional fees (£99) will be applicable.

Exam Fee Resit Fee CFSBOK & Practice book
£149 £49 Free

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 ten (10) 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:

ROUTE A

Education Experience
HND/ Associate Degree/ Bachelor Degree/ IQN Diploma/ Equivalent 1-year work experience

ROUTE B

Education Experience
High School Diploma/ GCSE/ global equivalent school-level certificate 2-year work experience

Further Information

If you need further information about the CFS certification, please feel free to contact us. We will be more than glad to assist you!