Certified Finance Specialist (CFS)

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Introduction	The CFS Programme, administered by AAP (The Association of Accounting Professionals), is renowned in the UK for financial and risk management, as well as business analysis. CFS certification demonstrates mastery of financial accounting management, relevant financial knowledge, and adherence to AAP’s core values and ethics.
Requirements to become a Qualified CFS	a) Bachelor’s Degree in any field OR; b) A minimum of three years of experience in any related accounting area (e.g., cost, budgeting, treasury, banking, finance, etc.) c) A minimum of 20 hours of approved Financial management training d) A passing score (50%) on the CFS Final Examination.
AAP CFS Recertification	After passing the CFS exam, staying updated on accounting practices is essential. Instead of a membership fee, attend our “certificate of proficiency” sessions twice a year. Authorized providers conduct these sessions, and we issue certificates. Failure to attend necessitates a recertification exam every five years.

This course is accredited by the Institute of Strategic Finance & Management (ISMF), USA After CFS certification, upon assessment of your CV & practical job experience, you will have the opportunity to become a “Certified Professional Financial Accountant” member of this institute.

This comprehensive program is designed to build strong financial acumen and decision-making capabilities across core areas of finance. The syllabus is structured into key domains as follows:

Domain 1: Financial Reporting Essentials	Develop a solid foundation in understanding and analyzing financial statements.	Topic 1: Fundamentals of Financial Statements Topic 2: Techniques for Interpreting Financial Reports
Domain 2: Financial Planning & Decision-Making Tools	Gain insights into planning tools and methods to drive strategic financial decisions.	Topic 3: Costing, Budgeting, and Variance Analysis Topic 4: Cost-Volume-Profit (CVP) Analysis Topic 5: Financial Decision-Making Techniques Topic 6: Pricing Strategies and Financial Implications
Domain 3: Investment & Financing Decisions	Understand how to manage capital effectively and evaluate financing alternatives.	Topic 7: Working Capital Management Topic 8: Capital Structure & Cost of Capital
Domain 4: Strategic Finance and Emerging Trends	Explore performance measurement frameworks and evolving areas in finance.	Topic 9: Financial Performance Management & Metrics Topic 10: Introduction to Islamic Finance Principles

Exam Format	The CFS examination is a closed-book, two-hour test consisting of 80 multiple-choice questions. You can take the exam from your residence using your computer. For any inquiries, please email to AAP at office@aaccp-uk.org
ONLINE Exam Process	The CFS examination is a closed-book, two-hour test with 80 multiple-choice questions. The exam can be taken from your home using your computer. We trust that our professional candidates will not refer to any books or search engines during the exam. In case the system suspects any unfair behavior, the laptop’s camera will be activated immediately. If you refuse to allow the camera activation, your result may be withheld.
Steps of the Exam	1. The day before the exam, you will receive an email from us containing the exam link. 2. The exam link will be activated at 8:00 AM (local time) on the exam day and will remain open for 24 hours. 3. You should take the exam for 2 continuous hours on that day at your preferred time. 4. Once you click the link, it will automatically time out after 2 hours. 5. You are allowed to join the exam only once, so make sure not to click unnecessarily. 6. Exam results are published instantly immediately after submission of the exam. Results are not publicly posted on the website for confidentiality reasons. 7. If a participant fails the exam, they can retake it on the next available date by confirming via email. The second exam is free of charge, but from the third attempt onwards, an exam fee of GBP 50 (Tk 7,500) will apply.

AAP does not require a membership fee. Instead, they encourage participation in our ‘Certificate of Proficiency’ twice a year in lieu of an annual fee. AAP will issue the certificate.

a) CFS Fee: (Registration Fee, Exam Fee, Certification Fee)	BDT 18,000 Only [Early Bird Fee: BDT 15,000 Only]
b) Upgradation of Fellow Membership :	GBP 50 (Equivalent to BDT 8,000)
c) Certificate of Proficiency (only certificate fee) :	GBP 50 (Equivalent to BDT 7,500)

Class Mode	Assessment	Course Duration	CPD Credit	Fee
Live Zoom Class	MCQ Exam	2 Months		BDT 18,000 Only [Early Bird Fee: BDT 15,000 Only]

With your CFS qualification, you can apply for membership and certification with the “Professional Diploma in Financial Planning and Analysis (FP&A)” from Academy of Finance & Management UK
With your CFS qualification, you can apply for “Certified Financial Accountant (CertFA)” certification from the Institute of Strategic Finance & Management (ISMF), USA (at US$60)
With your CFS qualification, you can apply for “Certified Financial Consultant (CFC)” certification from the Institute of Financial Consultants, Canada (at US$160)