Certified Financial Controller

CFC is administered by AAIFM (The American Association for Investment and Financial Management); one of the most renowned associations for financial management and investment in the United States. By earning CFC candidates demonstrate that they have mastered the financial management body of knowledge, obtained the skills of financial management, and committed to AAIFM core values and code of ethics. Earning your CFC designation not only broadens your skill set, it demonstrates a standardized level of industry knowledge, making you a recognized leader in financial management.

CFC Certification Preparation

If you are studying in order to prepare for the CFC exam; AAIFM provides candidates with training sessions for many of the exam questions. AAIFM also provide thorough training for the exam modules using its learning system through authorized training providers and prometric centers worldwide.

AAIFM CFC Recertification

Once you have passed the CFC exam and received your certification, you will need to stay up to date on developments in financial management practices. To prove you have maintained and updated your financial management knowledge and skills, AAIFM requires that you recertify every 4 years. (please refer to recertification for more info)


A passing score on the CFC Examination.
Bachelor Degree in any field and;
A minimum of two years experience in any related financial area (finance, accounting, investment…).

Exam Format:

The CFC (Certified Financial Controller) examination is a 3-hour exam, 100 multiple-choice questions examinations. The exam is given in booklet form.

Exam Outline:

1) Analysis of Financial Statements and Cash Flow
2) Financial Forecasting Planning and Budgeting
3) The Management of Working Capital
4) Short-Term Financing
5) Time Value of Money
6) Risk Return and Valuation
7) Capital Budgeting Including Leasing
8) Capital Budgeting Under Risk
9) Cost of Capital
10) Leverage and Capital Structure
11) Dividend Policy
12) Term Loans and Leasing
13) Long-Term Debt
14) Preferred and Common Stock
15) Hybrids Derivatives and Risk Management
16) Mergers and Acquisitions
17) Failure and Reorganization
18) Multinational Finance