Certified Finance Manager (CFM) Training

About Course

Certified Finance Manager (CFM) certification validates expertise in financial management, including financial analysis, planning, and strategy. It covers areas such as risk management, investment decisions, and corporate finance. Aimed at finance professionals, it ensures proficiency in guiding financial operations and strategic decision-making. Certification demonstrates skills in financial reporting, compliance, and leadership, enhancing career prospects by validating competence in managing financial resources effectively. It enables professionals to pursue roles as financial managers, controllers, or CFOs, contributing to organizational growth, profitability, and sustainability through sound financial management practices.

Course Content

Module 1 – Accounting

Introduction
The Accounting Cycle
The Key Reports
A Review of Financial Terms
Understanding Debits and Credits
Your Financial Analysis Toolbox
Identifying High and Low Risk Companies
The Basics of Budgeting
Working Smarter
People and Numbers

Module 2 – Budgets and Managing Money

Introduction
Finance Jeopardy
The Fundamentals of Finance
The Basics of Budgeting
Parts of a Budget
The Budgeting Process
Budgeting Tips and Tricks
Monitoring and Managing Budgets
Crunching the Numbers
Getting Your Budget Approved
Comparing Investment Opportunities
ISO 9001:2008
Directing the Peerless Data Corporation

Module 3 – Accounting – Merchandising Transactions

Module 4 – Measuring and Reporting Inventory

Module 5 – Accounting – Control and Monitoring of Cash Assessment

Module 6 – Accounting – Receivables and Payables

Module 7 – Adjustments for Financial Reporting

Module 8 – Accounting and Its Use in Business Decisions

Module 9 – Recording Business Transactions in Accounting

Module 10 – Completing the Accounting Cycle

Module 11 – Accounting Theory

Module 12 – Financial Topics

Foundation 1
Foundation 2
Checking Accounts
Short Term Savings
Credit
Summary
Foundation 3
Money Management
Matching Product
Comparision with Cash Management
Emergency Fund
Managing Debt
Insurance and Protection
Employee Wages
Employee Benefits
Stock and Commodities Markets
Inflation
Homeowners Insurance
Taxation
Shares and Bonds

About Course

What Will You Learn?

Course Content

Module 1 – Accounting

Introduction

The Accounting Cycle

The Key Reports

A Review of Financial Terms

Understanding Debits and Credits

Your Financial Analysis Toolbox

Identifying High and Low Risk Companies

The Basics of Budgeting

Working Smarter

People and Numbers

Module 2 – Budgets and Managing Money

Introduction

Finance Jeopardy

The Fundamentals of Finance

The Basics of Budgeting

Parts of a Budget

The Budgeting Process

Budgeting Tips and Tricks

Monitoring and Managing Budgets

Crunching the Numbers

Getting Your Budget Approved

Comparing Investment Opportunities

ISO 9001:2008

Directing the Peerless Data Corporation

Module 3 – Accounting – Merchandising Transactions

Merchandising Transactions

Gross Selling Price

Returns and Allowances

Cost of Goods Sold

Classified Income Statement

Module 4 – Measuring and Reporting Inventory

Merchandise Inventory

Determining Inventory Costs

Four Inventory Costing Methods

Pro’s and Con’s of the Four Costing Methods

Journal Entries for the Peretual Inventory Procedure

Departures from Cost Basis for Inventory Measurement

Module 5 – Accounting – Control and Monitoring of Cash Assessment

Control of Cash

Internal Contols

Controling Cash

The Bank Checking Account

Bank Reconcilliation

Petty Cash Fund

Module 6 – Accounting – Receivables and Payables

Accounts Receivable

Uncollectable Accounts

Write-offs and Recoveries

Current Liabilities

Notes Receivable and Note Payable

Short Term Financing through Notes Payable

Module 7 – Adjustments for Financial Reporting

Cash versus Accrual Basis Accounting

Classes and Types of Adjusting Entries

Adjustments for Deferred Items – Expenses

Adjustments for Deferred Items – Depreciation

Adjustments for Accrued Items

Module 8 – Accounting and Its Use in Business Decisions

The Accounting Environment

Accounting Defined

Overview of Accounting

Financial Statements of Business Organizations

The Financial Accounting Process

How Transactions Affect Income Statements and Balance Sheets

Dividends and Equity Ratios

Corporate versus Sole Proprietorship or Partnership Accounting

Module 9 – Recording Business Transactions in Accounting

The Account and Rules of Debit and Credit

Recording the Transactions

The Accounting Cycle

The Accounting Process in Operation

Analyzing and Using the Financial Results

The Use of Ledger Accounts

Module 10 – Completing the Accounting Cycle

The Work Sheet

Preparation of Financial Statements from the Work Sheet