The financial sector is evolving at a lightning speed and it demands every finance and accounting practitioners to stay up-to-date. CFS (Certified Finance Specialist) certification, owned and managed by IQN, develops financial management concepts to solve real-world financial problems.
Candidates can learn about the efficiency and working of capital markets by mastering the principles of capital structure. CFS certification can help professionals to make smart decisions related to investment appraisal and Islamic finance. But the issue with it is that a person needs to reappear in recertification exam for renewal of certification once in every decade.
The Scottish Credit and Qualifications Framework (SCQF) has recognized the CFS certification as a Level 7 qualification. And CFS certification has been referenced as a Level 5 qualification in the European Qualifications Framework (EQF).
In order to obtain CFS certification, a person needs to pass a computer-based MCQ exam with a minimum of 60% score.
The CFS exam fees is £149 and the re-sit exam fee is £49. The hardcopy of the certificate and transcript can be obtained at additional fees of £99. The annual maintenance fee (AMF) for the year 2021 is £49.
The regular charging of AMF could pile up financial pressure for those considering this certification. Still CFS certification is perhaps more affordable and achievable than CFA, ACCA or similar certifications. Interested candidates can click here to get additional details about the certification.