1 / 28

Certified Today.

Certified Today. Skilled for Tomorrow. What is the CCIFP Credential?. In the ever-changing, rapidly advancing marketplace that is the construction industry, the Certified Construction Industry Financial (CCIFP) certification is your mark of excellence.

tam
Download Presentation

Certified Today.

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Certified Today. Skilled for Tomorrow.

  2. What is the CCIFP Credential? In the ever-changing, rapidly advancing marketplace that is the construction industry, the Certified Construction Industry Financial (CCIFP) certification is your mark of excellence. The mark of excellence that will prepare you and your company to face the specialization, sophistication, and complexities of construction financial management that the future holds.

  3. Why Earn the CCIFP Credential? • Demonstrates your commitment to excellence • Establishes our profession as having, valuing and maintaining the highest possible standards • Sets our profession apart • Better prepares both firms and individuals for challenges ahead • Gives companies and certified persons a powerful edge

  4. Why Earn the CCIFP Credential? • The ONLY standard for the construction financial profession • CCIFP is the ONLY credential that recognizes the unique challenges and specialized knowledge demanded of construction financial professionals!

  5. What Does the Designation Do for Me? • CCIFP certification is the ultimate recognition of your achievements within your profession • Enhances personal & professional credibility • Objectively verifies your knowledge • Increases knowledge & skills in construction financial management • Satisfies personal development in attaining a goal

  6. What’s in it for You? • Provides evidence of your enhanced value • Gives you decision-making confidence • Keeps you tapped into a sophisticated network of professional knowledge • Makes you a member of your profession’s elite

  7. What’s in it for You? • Financial managers To demonstrate your mastery of the profession and improve your credibility and status in your organization/industry • Service providers To demonstrate an advantage over your competition and your commitment to the industry—some clients even demand that their professional services firms have a CCIFP on staff

  8. What’s the Industry Saying? Endorsed by ASA, CFMA, CICPAC, IRMI & NASBP Grant Thornton LLP survey* of Surety Bond Producers cites having a CCIFP as an important criteria: Seven out of 10 bond producer participants cited having prospect construction clients with a financial professional on staff with industry experience as an important criteria for obtaining surety credit NASBP has also included the question on their model contractor questionnaire *Excerpt from Grant Thornton LLP’s “2007 Surety Credit Survey for Construction Contractors: The Bond Producer’s Perspective”

  9. Who Can Become a CCIFP? Eligibility Requirements • Education • Industry Experience • Affirmation of the Code of Ethics • Pass the Exam • Certification Maintenance

  10. Eligibility Requirements Education • Bachelors Degree from accredited college or university or • Substitute 4 years’ full-time professional experience and Industry Experience • Minimum of 4,000 hours professional experience in the last three to five years within a construction company or firm that services the construction industry

  11. Eligibility Requirements Affirmation of Code of Ethics • Each candidate must agree to adhere to ICCIFP’s Code of Ethics now and in the future Pass the Exam • Successful completion of the examination Certification Maintenance • Compliance with ICCIFP’s recertification requirements

  12. About the Exam • Administered in one, 4.5 hour proctored session • 200 question multiple-choice exam, some calculations, covering eight knowledge domains • Primarily an accounting exam, with more than 60% of the questions related to construction accounting and finance • Exam regarded as tough, but fair—a challenge even for those with 15+ years of industry experience • Exam results delivered within 4 weeks of exam date

  13. About the Exam Expected Knowledge Domains • Accounting & Reporting (30%) • Income Recognition Methods (20%) • Budgeting & Planning (11%) • Risk Management (14%) • Taxes (5%) • Human Resources (6%) • Legal (11%) • Information Technology (3%)

  14. About the Exam Expected Knowledge Domains • Accounting & Reporting (30%) • Income Recognition Methods (20%) • Budgeting & Planning (11%) • Risk Management (14%) • Taxes (5%) • Human Resources (6%) • Legal (11%) • Information Technology (3%)

  15. How Do I Prepare for the Exam? • CCIFP exam study resources available from CFMA • “The Book” – Financial Management & Accounting for the Construction Industry • CFMA’s Study Guide for the CCIFP Exam • CFMA’s CCIFP Overview Seminar • Contact CFMA Education Services for additional details at education@cfma.org or 609-452-8000 • Other industry guides, publications and resources are also available

  16. How Do I Prepare for the Exam? “The Book” – Financial Management & Accounting for the Construction Industry • The definitive reference authored by CFMA • In-depth coverage of the Body of Knowledge tested on the exam • Updated annually • Available in the CFMA Store at www.cfma.org

  17. How Do I Prepare for the Exam? CFMA’s Study Guide for the CCIFP Exam • Designed to be used with “The Book” • Features dozens of interactive links to valuable Web content • Contains more than a dozen CFMA Building Profits articles, plus study tips & more! • Available in the CFMA Store at www.cfma.org

  18. How Do I Prepare for the Exam? CFMA’s CCIFP Overview Seminar • To help you decide if you’re ready, or where you need to study • One-day seminar can help you benchmark your knowledge against that of a CCIFP. • Course materials include the CFMA Study Guide on CD-ROM • Dates & locations available online at www.cfma.org/education

  19. Other Considerations Costs & Other Considerations • CFMA Members: Application Fee $95 + Exam Fee $595 = $690 total • Non‐CFMA Members: Application Fee $150 + Exam Fee $695 = $845 total • Ease of exam should not be underestimated; study and preparation is key • Candidate information & exam application available online at www.iccifp.org • Preparation Resources available at www.iccifp.org

  20. Other Considerations Recertification • Certification valid for an initial period of 3 years • Annual recertification maintenance fees currently $100 for CFMA members; $150 for non‐members • Annual affirmation of continued employment in the industry • Annual affirmation of the ICCIFP Code of Ethics • Triennial continuing education requirement of 72 CPE credits each certification cycle (every 3 years) • 48 construction-specific CPE • 24 general credit CPE

  21. How Do I Apply to Take the Exam? Application & Candidate Information Bulletin • Candidate Information Bulletin covering detailed program information is available online at www.iccifp.org • Application is available in two formats online at www.iccifp.org – apply online through our secure site, or download a PDF of the application

  22. What Can I Expect on Exam Day? • Prior to exam, you will receive an admission letter ; Bring a print out of the letter with you • You must present one form of government-issued photo ID • Registration opens at least 30 minutes prior to the scheduled exam start time • One 4.5 hour proctored exam session, with no scheduled breaks • Water, pencils, calculators and all other materials provided by ICCIFP

  23. What Does a CCIFP Look Like? In less than 7 years the CCIFP program now has… • More than 750 active certificate holders in 43 states • 68% are CPAs • 27% are women • 82% are CFMA Members, broken down as follows: • 47% Associate CFMA Members • 53% General CFMA Members • An historical pass rate of approximately 73%, with more than 1,000 attempts at the exam

  24. What CCIFPs are Saying… “Being a CCIFP validates my expertise as aconstruction financial professional.” Erika R. Urbani, CCIFP, RD Olson Construction (CA) “I am a CCIFP in order to provide a noticeably differentlevel of commitment and service to my clients.” Emily Gunther, CCIFP, CPA, LarsonAllen LLP (PA) “My value to my company hasincreased ten‐fold.” Lucas Cope, CCIFP, Western States Fire Protection (CO)

  25. Where are the CCIFPs? Top Five States with CCIFPs • California (61) • Pennsylvania (53) • Colorado (48) • Florida (39) • New Mexico & Texas (35)

  26. Where are the CCIFPs? Top Five CFMA Chapters with CCIFPs • Colorado (39) • Albuquerque (32) • Twin Cities & Valley of the Sun (27) • Philadelphia (25) • Chicago & Orange County (18)

  27. Where Can I Sit for the Exam? Check www.iccifp.org for additional sites as added • Lancaster, PA Sep 25, 2011 • Orange Co., CA Oct 5, 2011 • Charlotte, NC Nov 2, 2011 • Lansing, MI Nov 9, 2011 • Denver, CO Nov 12, 2011 • Houston, TX Nov 12, 2011 • Phoenix, AZ Nov 19, 2011 • Las Vegas, NV Dec 3, 2011

  28. Questions? Ask now! Or contact ICCIFP: www.iccifp.org info@iccifp.org 609-945-2400

More Related