Certified Expert in Financial & Managerial Accounting (CEFMA)

Successfully running a development finance institution or making decisions in such institutions requires a profound knowledge of accounting, because accounting is the language of business. This course will make you familiar with this language.

What we offer

• An interactive e-learning course including video lectures, PDF scripts, examples, practical exercises, self-assessment online tests, and case studies.
• A discussion forum for course-related issues as well as for the exchange of opinions and experiences with your classmates, tutors or the FSDF e-Campus team.
• Personalized support from your e-Campus team.
• Possibility to achieve a Frankfurt School certificate after passing the final exam or a confirmation of course completion after completing the course.
• An international network of institutions hosting our final exam all over the world.

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Target Audience

The target group for the Certified Expert in Financial & Managerial Accounting is top managers, decision-makers, practitioners, consultants, and operational staff working at/for:

• MFIs and other financial institutions;
• Regulators and government authorities;
• Donor institutions;
• NGOs;
• International Organizations

Course Objectives

On successful completion of this course, you will have a thorough comprehension of the basic definitions, theories, and concepts of financial and managerial accounting., i.e. you will be able to:

• Describe theories and concepts of financial and managerial accounting
• The point at crucial accounting standards, choices, and discretion that leaders should be aware of
• Explain how the cost accounting choices influence the data presented to managers for planning and controlling, as well as for determining prices for products and services
• Be introduced to psychological aspects that should be considered in decision making, including deciding about performance measures and incentives

Course Content

• Unit 1: Foundations
• Unit 2: Understanding IFRS Reports
• Unit 3: Financial Management & Analysis
• Unit 4: Basics of Cost Accounting
• Unit 5: Analysing Costs for Managerial Decision Making
• Unit 6: Behavioural Aspects of Accounting

Workload

The course takes approximately 6 months assuming 5-6 hours of self-study per week. It consists of 6 units that build upon each other. You will take the units in sequence and will need to pass an online multiple-choice test before accessing the next unit.

Unit 4 includes an assignment that you will need to submit at a fixed deadline.

You are not sure if you manage to complete the course within 6 months? No worries! You can apply for a course extension (6 more months) against an administrative fee.

Fees*

Tuition: €1300

Final exam fee: €50 (to be paid directly to the final exam host).

Certificate fee: After passing the final exam you will receive a digital certificate. Should you wish to receive a hard copy of your certificate as well, an administrative fee of €50 will be charged.

Please click here to register.

Discounts:

• 10% group discount (for 2 or more participants working for the same institution, informed to us before by an email)
• 10% Alumni discount
• For company packages, please contact us

Payment Options

• Bank Transfer (bank fees to be covered by participants)
• Credit Card
• PayPal

Payment in installments is unfortunately not possible.

*Subject to change