Certified Finance Specialist (CFS)

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Brief History	Since 2022, AAP has globalized its CFS certification by appointing tuition providers worldwide. To enroll, register with us for the examination. Our providers offer syllabus-aligned classes, providing a minimum of 25 hours of study through online or offline methods. After completion, take the online exam with us, available on the third week of every Friday, Saturday, and Sunday.
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 25 hours of approved accounting 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 Certified Financial Consultants, Canada. After CFS certification, upon assessment of your CV & practical job experience, you will have the opportunity to become a CFC (R) member of this institute.

This course syllabus consists of the following 10 modules:

Topic 01:	Fundamentals of Financial Statements	Introduction to the income statement, balance sheet, and statement of changes in equity with basic accounting principles.
Topic 02:	Cash Flow Analysis and Management	Preparation and interpretation of the Statement of Cash Flows, with a focus on operating, investing, and financing activities.
Topic 03:	Financial Statement Analysis and Interpretation	Tools and techniques for analyzing financial health using ratios, trends, and comparative analysis.
Topic 04:	Cost Accounting and Cost Classification	Understanding direct and indirect costs, fixed vs variable costs, and cost accumulation methods for internal reporting
Topic 05:	Budgeting and Financial Planning	Development and management of operational and capital budgets, forecasting, and variance analysis.
Topic 06:	Standard Costing and Performance Evaluation	Application of standard costs, variance calculations, and control mechanisms for efficient operations.
Topic 07:	Cost-Volume-Profit (CVP) and Break-Even Analysis	Financial modeling for decision-making related to volume, pricing, cost behavior, and profitability thresholds
Topic 08:	Strategic Pricing and Financial Decision-Making	Pricing methods, value-based pricing, and financial considerations in pricing decisions.
Topic 09:	Working Capital and Short-Term Financial Management	Managing inventory, receivables, payables, and cash to ensure liquidity and operational efficiency.
Topic 10:	Introduction to Islamic Finance and Shariah-Compliant Instruments	Principles of Islamic finance, key instruments (Murabaha, Ijara, Sukuk), and comparison with conventional finance.

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.

Particulars	Fees
a) Registration Fee :	GBP 300
b) Exam Fee :	GBP 400
c) Certification Fee:	GBP 250
Total Fee :	GBP 950
d) Upgradation of Fellow Membership:	GBP 80
e) Certificate of Proficiency (only certificate fee):	GBP 50

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)	GBP 250 (Equivalent to BDT 40,000)
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

With your CFS qualification, you can apply for membership and certification with the “Diploma in Professional Accounting” from Academy of Finance & Management UK for BDT 2,500
With your CFS qualification, you can apply for “Certified Professional Financial Accountant” 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)