Certified Financial Manager
Certified Financial Manager (CFM) certification program was established by IMA - The Association for Accountants and Financial Professionals in Business in June of 1996, and 4,940 financial professionals have earned the CFM designation.
The requirements for certification included passing four examinations testing economics, management, corporate finance, management accounting, decision analysis, and ethics. In addition, the candidate was required to complete two years of relevant work experience, hold a Bachelor’s degree, be a member of IMA, and abide by the Statement of Ethical Professional Practice. Once certified, a CFM is required to maintain membership in IMA and complete 30 hours of continuing education annually.
Although the CFM certification was an excellent program, the program was unable to find a sustained audience. Therefore, the Board of Regents made the decision not to expend further resources on the CFM examination process but rather to dedicate those resources to supporting the Certified Management Accountant (CMA) program. Much of the finance material in the CFM exam was moved to the CMA curriculum.
The CFM exams were discontinued December 31, 2007. The IMA continues to support all CFM holders with appropriate member services, recognition of the CFM achievement, and the maintenance of certification records.
For a listing of Active CFMs, visit: imanet.org
Smartpros Accounting, http://accounting.smartpros.com/x12791.xml, Retrieved 2010-10-7
Eller College of Management, The University of Arizon, http://finance.eller.arizona.edu/documents/undergraduate/CertifiedFinancialManager.PDF, Retrieved 2010-10-7
IMA (Institute of Management Accountants, Inc.), http://www.imanet.org/cma_certification/CertifiedFinancialManager.aspx, Retrieved 2010-10-7
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