Certified Financial Manager (CFM) Training Diploma

The Certified Financial Manager CFM Program is a program directed to individuals wishing to obtain a strong scientific qualification in the field of financial management to enable them to succeed in their work as financial managers, now or in the future. The program is designed to provide the trainee with specialized knowledge and solid professional experience. The training program is concerned with refining the skills of the trainees in the topics most important to the financial manager, such as preparing financial statements in accordance with international standards. It also develops their knowledge of financial analysis tools and methods to evaluate investment and financing decisions and results. It provides an explanation of the most important accounting standards and methods and methods for evaluating long-term financial investments and long-term financing decisions. And the comprehensive budget, preparing the expected financial statements, analyzing deviations between planning budgets and actual performance, and determining responsibility.
Target groups to study in this training diploma

Incumbents of the position of financial manager who wish to acquire specialized knowledge in the field
Individuals wishing to qualify themselves for the position of financial manager.


Training topics to be studied

The concept of financial management
The goal of financial management from the point of view of (owners, management, employees) and the interaction of the interests of the concerned parties. Definition of the functions of financial management.
Preparing financial statements in accordance with international standards
Statement of financial position
income list
statement of changes in owner's equity
Statement of Cash Flows
comprehensive income statement
List of complementary clarifications
Financial analysis tools and methods for evaluating and evaluating investment and financing decisions and results.
horizontal financial analysis
vertical financial analysis
ratio financial analysis
profitability ratios
Liquidity ratios
leverage ratios
activity ratios
market ratios
cash flow ratios
Predicting Financial Failure Using the Z Score Model
Explanation of the most important accounting standards
International Accounting Standard No. 1 - Presentation of financial statements
International Accounting Standard No. 2 - Inventory
International Accounting Standard No. 7 - Statement of Cash Flows
International Accounting Standard No. 8 - Change in Accounting Estimates, Errors and Changes in Accounting Policies.
IAS 10 - Events after the balance sheet date
International Accounting Standard No. 16 - Fixed Assets
IAS 36 Impairment of assets
Methods and methods for evaluating long-term financial investments
net present value method.
The internal rate of return method.
Payback period method.
Discounted payback period method.
Accounting rate of return method (rate of return on investment)
Profitability index method.
Break-even analysis.
Long-Term Financing Decisions
Define the financing structure.
Business and financial risks.
Balance between return and risk.
Long-term sources of financing.
Comprehensive budget and preparation of expected financial statements
Functions of Planning Budgets:
Budgeting methods:
Comprehensive budget and estimated financial statements:
Sales budget (revenue).
production balancing
Purchasing Balance
Balance the use of materials.
Industrial wage balancing.
Balancing selling and marketing expenses.
Budgeting for general and administrative expenses
Operating budget (estimated income statement)
cash budget
capital budget
Analyzing deviations between planning budgets and actual performance and determining responsibility
The role of the flexible budget in the analysis of deviations
The concept of responsibility accounting
deviation analysis
Direct Material Deviations Analysis:
Quantity deviation
price deviation
Direct Wage Deviation Analysis:
Quantity deviation
price deviation
Variable indirect industrial cost variance analysis
Quantity deviation
price deviation