Certification

Controller's Certification

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

1. ETHICS, GOVERNANCE, RISK, AND CONTROLS 

  • Business Ethics and ‘Tone at the Top’ 
  • Entity Level Controls 
  • Corporate Governance 
  • Risk Management 
  • Strategic Planning 
  • Internal Controls 

2. CORPORATE COMPLIANCE

  • Introduction to Corporate Compliance 
  • IFRS and GAAP Convergence

3. BUSINESS PROCESS

  • Purchase to Pay (P2P) 
  • Procurement 
  • Accounts Payable 
  • Accounts Payable Compliance Considerations 
  • Travel and Entertainment 
  • Payroll 
  • Order to Cash (O2C) 
  • Managing Fixed Assets 
  • Supply Chain Management 
  • Treasury and Cash Management 
  • Budgeting and Forecasting 
  • Record to Report (R2R)

4. IT AND PHYSICAL SECURITY CONTROLS

  • IT Governance and Security Controls 
  • Ensuring Physical Security and Business Continuity

5. ORGANIZATIONAL EFFICIENCY

  • Business Process Automation and Project Management 
  • Shared Service Centers (SSCs) and Business Process Outsourcing (BPO) 
  • Metrics and Benchmarking 

6. LEADERSHIP AND MANAGEMENT BEST PRACTICES

  • Leadership and Management Best Practices 
  • Business Partnerships and Managing Change 

 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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