Certification

Controller's Certification

Goals

The IOFM Controller's Certification program:

  • Provides a certification and ongoing learning program for the professional controller
  • Focuses on the core business and operational knowledge required by the corporate controller and controllers of business units
  • Builds the foundation for advancement to higher level positions in finance and management

Who Is The Program For?

  • Experienced Controllers wishing to expand their skills, knowledge, and professional credentials
  • Corporate accounting and finance professionals on a "fast track"
  • The program will not replace the CPA, CMS or MBA requirements that many companies require for controller level position

Requirements

  • 2 to 4 year degree (Associate’s or Bachelor’s Degree).
  • In lieu of a degree, 5-10 years of experience in the areas of business management, accounting, and finance is recommended.
  • Additionally, the successful completion of internal (company offered) or external (college or university offered) business, accounting, and finance classes is suggested. 

Key Components

The foundation of the exam includes the IOFM Controller's Body of Knowledge. Reference material is available, organized by the following defined core competency modules:

  • Best Practices
  • Case Studies By Industry and By Business Practice
  • Controller's Book of Key Benchmarks
  • Controller's Guide to Corporate Security
  • Controller's Guide to Managing Credit, Receivables, and Collections
  • State Withholding on Non-Resident Employees:  What Controllers and pyrll Managers Need To Know Now
  • AP and AR Automation to Build Working Capital While Strengthening Supplier Relationships
  • Study guide referencing the IOFM Controller's Body of Knowledge with sample questions
  • Certified controllers will have the opportunity to attend and lead webinars, roundtables, and knowledge sharing events

Module Outline

I. Ethics, Controls, Governance, Risk and Strategy

1. Ethics and Tone at the Top
2. Entity Level Controls
3. Corporate Governance
4. Risk Management
5. Strategic Planning and Mergers & Acquisitions (M&A)
6. Internal Controls

II. Corporate Compliance

7. Corporate Compliance
8. IFRS and U.S. GAAP Convergance
9. Sales and Use Tax
10. Unclaimed Property
11. Form 1099 Compliance

III. Business Processes

12. Expenditure Business Processes
13. The Payroll Business Process
14. The Accounts Receivable Business Process
15. The Capital Budget and Fixed Asset Business Process
16. The Treasury and Cash Management Business Process
17. Budgets and Forecasts
18. The Financial Closing Cycle
19. The Supply Chain Business Process

IV. IT and Security

20. Selecting IT Solutions
21. IT Controls and Security
22. Physical Secuity and Business Continuity

V. Organizational Efficiency

23. Shared Services and Business Processing Outsourcing (BPO)
24. Benchmarking and Metrics

VI. Leadership and Business Partnerships

25. Project Management
26. Leadership and Management
27. Business Partnerships with Other Functional Areas


 

 CPC Certification Frequently Asked Questions

Additional Questions or to enroll, contact RD Whitney, rwhitney@divcom.com or 207-842-5601

              

Educational Partners

 

 

        

                        

 

                      

 

 
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