CFM

Overview

For AFM accreditation holders who want to validate their more sophisticated modeling abilities. They showcase their problem-solving and creativity in the face of complex problems. This exam is the only accreditation founded on real-world financial modeling challenges.

The first level of the FMI certification program, the Advanced Financial Modeler (AFM) exam, tested a candidate’s ability to create an integrated, three-statement financial model of a company in a controlled environment with no resources, in under four hours. Financial modeling proficiency requires both skill and speed and the AFM exam required candidates to demonstrate both of these traits in order to have successfully passed the exam. The Level 2: CFM exam builds on the topics covered in the AFM exam, but tests a candidate’s ability to quickly and efficiently solve problems and to create modeling solutions for more in-depth and complex corporate finance situations.

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Outcome

Create a detailed revenue schedule that incorporates some or all of the revenues issues.

Build a cost schedule that integrates some or all of the operating and non-operating costs.

Create a simple depreciation schedule to calculate the straight-line depreciation expense for a company.

Formulate a working capital schedule that incorporates some or all of the working capital issues.

Build a tax schedule that contains some or all of the income tax issues.

Details

Developed by: FMI - Financial Modeling Institute
Total Hours: 30 Hrs
Language: English - Bilingual "English & Arabic"
Modalities: 
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Outline

  • Divisional Allocations
  • Roll up all into a corporate level
  • Automate divisions/switching capability
  • Product, location, actual store Aggregate summary stats/KPIs
  • Revenue optimization, periodical allocation
  • Seasonality
  • Timing and flexibility
  • Geography
  • Currency
  • Capacity Constraints
  • Operational Changes
  • Contingent Revenue

  • Economics of Scale
  • Multi-currency Costing
  • Semi-variable Costs

  • Different Methodologies
  • Purchases and Disposals
  • Fully Depreciating Assets

  • Inventory Continuity Schedule
  • Monthly or Quarterly Working Capital

  • Tax Losses
  • Tax Loss Continuity Schedule
  • Multiple Jurisdictions
  • Effective Tax Rates

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Who Should Attend

  • The CFM exam is the second of three levels of modeling certifications offered by the Financial Modeling Institute. Only people who have passed the Level 1: Advanced Financial Modeler (AFM) exam are eligible to write the Level 2: CFM exam.

Why Beacon

Quality

Beacon FinTrain prioritizes excellence in every service, ensuring top-notch, reliable, and consistent outcomes that meet and exceed client expectations.

Specialization

We focus on finance, offering expert knowledge and bespoke solutions that cater to the unique needs of finance professionals in the Middle East and Africa.

Punctuality

Time is money. We respect deadlines, delivering precise and timely results to help our clients stay ahead in the fast-paced financial world.

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Flexibility

Adapting to the dynamic finance sector, we offer versatile services and solutions that align with the evolving needs of our clients.