icfm PROGRAm
LEARN HOW TO INCREASE PROFITS QUICKLY AND EFFECTIVELY!
The main direction of work of ICFM - preparation and Association of financial managers and Directors, all specialists in the field of financial management
Financial management - a tool to achieve this goal!
PROGRAM DESCRIPTION
The program of international financial management allows students to form a complex of modern theoretical knowledge and practical skills in the field of financial management and master the system of specific techniques of effective financial management.
International certification of financial managers is a chance to make a successful career!
HOW THE PROGRAM IS STRUCTURED?
The ICFM programme consists of three levels.
These levels have been designed in such a way as to be useful to users with different levels of knowledge and experience. By the end of the program you will have all the knowledge and skills needed by professionals in the field of financial management.
These levels have been designed in such a way as to be useful to users with different levels of knowledge and experience. By the end of the program you will have all the knowledge and skills needed by professionals in the field of financial management.
Level 3: Certified Financial Director
Ideal for:
Qualified specialists in the field of business management, who need for a limited time to master the following modules
Modules:
1. Financial Department management (personnel Management)
2. Strategic financial management
3. Corporate finance
Qualified specialists in the field of business management, who need for a limited time to master the following modules
Modules:
1. Financial Department management (personnel Management)
2. Strategic financial management
3. Corporate finance
DipPFM
Professional financial manager
1. Financial accounting (72 hours)
1. Purpose, structure and content of financial statements according
2. Conceptual and methodological framework for financial reporting. Accounting concepts and principles. IFRS and national standards
3. Recognition of income and expenses
4. Current assets: source of operating profit
5. Long-term tangible assets
6. Rental and leasing
7. Intangible assets and impairment of assets
8. Financial instrument
9. Forms of investments in other companies
10. Liabilities and provisions
11. Equity and its sources
12. Industry standards for financial reporting
13. Cash and profit. The report on movement of funds
14. Special topics in financial reporting
15. Consolidation of companies and consolidated financial statements
16. Other aspects of financial reporting and accounting
17. Formation of accounting policy of the company.
2. Cost and production cost accounting (72 hours)
1. Essence and functions of management accounting
2. Ways of classifying costs
3. The concept of cost and its elements.
4. Accounting for direct costs
5. Accounting and allocation of overhead costs
6. Order cost management system
7. Process cost control system
8. Cost management system by type of activity (ABC method)
9. Two costing approaches: full cost accounting and variable cost accounting.
10. Standard cost accounting and standard cost
11. Cost factor analysis
12. Building an effective cost management system at the enterprise.
3. Financial management and financial analysis (72 hours)
1. The essence of Finance and financial management system in the enterprise
2. Analysis of financial statements - financial decision making
2.1. Methods and sources of financial analysis
2.2. Analysis of tendencies of development of activity of the enterprise
2.3. Analysis of financial ratios
2.4. Analysis of the statement of cash flows
3. Financial planning and forecasting financial statements
4. Sources of business financing
5. Working capital management
6. Management analysis: methods of profit maximization
7. Long-term financial solutions 8. Risk and profitability: basic concepts
9. Cost of capital and capital structure decisions
10. Measuring business value for shareholders
11. Financial management in a crisis situation.
1. Purpose, structure and content of financial statements according
2. Conceptual and methodological framework for financial reporting. Accounting concepts and principles. IFRS and national standards
3. Recognition of income and expenses
4. Current assets: source of operating profit
5. Long-term tangible assets
6. Rental and leasing
7. Intangible assets and impairment of assets
8. Financial instrument
9. Forms of investments in other companies
10. Liabilities and provisions
11. Equity and its sources
12. Industry standards for financial reporting
13. Cash and profit. The report on movement of funds
14. Special topics in financial reporting
15. Consolidation of companies and consolidated financial statements
16. Other aspects of financial reporting and accounting
17. Formation of accounting policy of the company.
2. Cost and production cost accounting (72 hours)
1. Essence and functions of management accounting
2. Ways of classifying costs
3. The concept of cost and its elements.
4. Accounting for direct costs
5. Accounting and allocation of overhead costs
6. Order cost management system
7. Process cost control system
8. Cost management system by type of activity (ABC method)
9. Two costing approaches: full cost accounting and variable cost accounting.
10. Standard cost accounting and standard cost
11. Cost factor analysis
12. Building an effective cost management system at the enterprise.
3. Financial management and financial analysis (72 hours)
1. The essence of Finance and financial management system in the enterprise
2. Analysis of financial statements - financial decision making
2.1. Methods and sources of financial analysis
2.2. Analysis of tendencies of development of activity of the enterprise
2.3. Analysis of financial ratios
2.4. Analysis of the statement of cash flows
3. Financial planning and forecasting financial statements
4. Sources of business financing
5. Working capital management
6. Management analysis: methods of profit maximization
7. Long-term financial solutions 8. Risk and profitability: basic concepts
9. Cost of capital and capital structure decisions
10. Measuring business value for shareholders
11. Financial management in a crisis situation.
DipCFM
Certified Financial Manager
4. Management accounting and decision-making (72 hours)
4.1. Nature of management accounting
4.2. Classification of costs for decision-making.
4.3. The concept of cost management. Cost behavior.
4.4. Cost-volume-profit analysis. Breakeven point
4.5. Management format of the statement of profit or loss
4.6. Analysis of sales structure and profitability of individual products
4.7. Cost-based pricing
4.7. Budgeting; types of budgets; General budget
4.8. Responsibility center
4.9. Financial control: financial performance
4.10. Tools of financial control: flexible budgeting, transfer pricing, the effectiveness of investments.
4.11. Segment reporting
4.12. Management control: non-financial performance indicators
4.13. Development of management control system: balanced scorecard.
5. Investment management (72 hours)
5.1. Concept of investments, types of investments
5.2. Investment environment: markets, institutions and interest rates
5.3. Risk and return: portfolio theory
5.4. Portfolio analysis
5.5. Financial asset valuation models
5.6. Derivative financial instruments: risk assessment and management
5.7. Evaluating the effectiveness of portfolio management
5.8. Making decisions on capital investments; classification of projects
5.9. Investment project; methods of project evaluation
5.10. Project cash flow forecasting and risk analysis
5.11. Investment project financing schemes
5.12. Evaluation of the effectiveness of the investment project
5.13. Investment project management.
6. The legal foundations of financial management (72 hours)
6.1. Financial activities of the state
6.2. Financial law of the Russian Federation
6.3. State financial control in the Russian Federation
6.4. Budget law of the Russian Federation
6.5. Legal regulation of state and municipal revenues
6.6. Tax law of the Russian Federation
6.7. Federal taxes and fees
6.8. Regional and local taxes
6.9. Legal regulation of state credit in the Russian Federation
6.10. Insurance law of the Russian Federation
6.11. Legal regulation of public expenditure
6.12. Financial and legal regulation of banking activities
6.13. Legal support and regulation of the securities market in the Russian Federation
6.14. Financial and legal regulation of the monetary system of the Russian Federation
6.15. Legal regulation of money circulation and settlements in the Russian Federation
6.16. Investment law of the Russian Federation
6. 17. Fundamentals of foreign exchange law in the Russian Federation
6. 18. Legal basis of accounting in the Russian Federation
4.1. Nature of management accounting
4.2. Classification of costs for decision-making.
4.3. The concept of cost management. Cost behavior.
4.4. Cost-volume-profit analysis. Breakeven point
4.5. Management format of the statement of profit or loss
4.6. Analysis of sales structure and profitability of individual products
4.7. Cost-based pricing
4.7. Budgeting; types of budgets; General budget
4.8. Responsibility center
4.9. Financial control: financial performance
4.10. Tools of financial control: flexible budgeting, transfer pricing, the effectiveness of investments.
4.11. Segment reporting
4.12. Management control: non-financial performance indicators
4.13. Development of management control system: balanced scorecard.
5. Investment management (72 hours)
5.1. Concept of investments, types of investments
5.2. Investment environment: markets, institutions and interest rates
5.3. Risk and return: portfolio theory
5.4. Portfolio analysis
5.5. Financial asset valuation models
5.6. Derivative financial instruments: risk assessment and management
5.7. Evaluating the effectiveness of portfolio management
5.8. Making decisions on capital investments; classification of projects
5.9. Investment project; methods of project evaluation
5.10. Project cash flow forecasting and risk analysis
5.11. Investment project financing schemes
5.12. Evaluation of the effectiveness of the investment project
5.13. Investment project management.
6. The legal foundations of financial management (72 hours)
6.1. Financial activities of the state
6.2. Financial law of the Russian Federation
6.3. State financial control in the Russian Federation
6.4. Budget law of the Russian Federation
6.5. Legal regulation of state and municipal revenues
6.6. Tax law of the Russian Federation
6.7. Federal taxes and fees
6.8. Regional and local taxes
6.9. Legal regulation of state credit in the Russian Federation
6.10. Insurance law of the Russian Federation
6.11. Legal regulation of public expenditure
6.12. Financial and legal regulation of banking activities
6.13. Legal support and regulation of the securities market in the Russian Federation
6.14. Financial and legal regulation of the monetary system of the Russian Federation
6.15. Legal regulation of money circulation and settlements in the Russian Federation
6.16. Investment law of the Russian Federation
6. 17. Fundamentals of foreign exchange law in the Russian Federation
6. 18. Legal basis of accounting in the Russian Federation
Training the financial Manager today will give the owners of the company an undeniable benefit tomorrow.
PRIVILEGES OF CERTIFICATE HOLDERS
ICFM
Adapted programmes
Isfm programs are developed by leading experts of great Britain, and are adapted by professionals in the field of Finance, accounting and management
International norm
Examination tasks meet the highest international standards
High level of qualification
The full program of ICFM correspond to the levels 5 and 6 of the National qualifications system of the UK
Conformity to standards
The full program of ICFM makes more than 500 hours that corresponds to programs of professional retraining according to the international standards of education
How to build a career in Finance?
Internship is the best way to start in Finance