CCC 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 CCC candidates demonstrate that they have mastered the Cost management body of knowledge, obtained the skills of Cost management, and committed to AAIFM core values and code of ethics. Earning your CCC designation not only broadens your skill set, it demonstrates a standardized level of industry knowledge, making you a recognized leader in cost management.
CCC Certification Preparation
If you are studying in order to prepare for the CCC 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 CCC Recertification
Once you have passed the CCC exam and received your certification, you will need to stay up to date on developments in Cost management practices. To prove you have maintained and updated your Cost management knowledge and skills, AAIFM requires that you recertify every 4 years. (please refer to recertification for more info)
• A passing score on the CCC Examination.
• Bachelor Degree in any field and;
• A minimum of two years experience in any related Cost area (Cost management, performance management, finance, accounting, investment…).
• A Minimum of 25 hours of cost management approved training.
The CCC (Certified Cost Manager) examination is a 2.5-hour exam, 80 multiple-choice questions examinations. The exam is given in booklet form.
1) An Introduction to Cost Terms and Purposes
2) Cost-Volume-Profit Analysis
3) Job Costing
4) Activity Based Costing and Activity Based Management
5) Inventory Costing and Capacity Analysis
6) Determining how costs Behave
7) Pricing Decisions and Cost Management
8) Cost Allocation, Customer Profitability Analysis, and Sales-Variance Analysis
9) Allocation of Support-Department Costs, Common Costs, and Revenues
10) Cost Allocation: Joint Products and Byproducts
11) Process Costing
12) Inventory Management, Just-in-Time, and Simplified Costing Methods
13) Capital Budgeting and Cost Analysis