Certified Practitioner in Financial Management Level 1 is the course that covers the fundamentals of strategic financial management giving the candidates a solid foundation for strategic financial decision making. It will also allow candidates to critically analyze and evaluate from a financial perspective.

This course will help you make decisions on an organization’s Financial Operations and analyze the risk and benefits of alternate investments by using problem solving techniques.

The exam format of Certified Practitioner in Financial Management L1 is as follows:

• Multiple Choices
• 150 questions per paper
• Time Duration: 180 minutes
• Closed Book

The Certified Practitioner in Financial Management L1 is aimed for:

• Finance Managers
• Finance Controllers
• Strategy Directors
• Accountants
• Auditors
• Bankers
• Investment Managers
• Financial Risk Analysts

There are no pre-requisites for this course.

The Certified Practitioner in Financial Management  L1 Certification course covers as follows:

Section 1 : Accounting For Management Part I

      Unit 1 : Introduction to Management Accounting:

•  Meaning of Management accounting, The Role of Management Accounting, Management Accounting Framework, Functions of Management Accounting, Tools of Management Accounting, Merits of Management Accounting, Distinction between Management Accounting and Financial Accounting.

       Unit 2 : Recognition, measurement, valuation, and disclosure

• Asset valuation
• Valuation of liabilities
• Equity transactions
• Revenue recognition
• Income measurement
• Major differences between U.S. GAAP and IFRS

       Unit 3 : Strategic planning 

•  Analysis of external and internal factors affecting strategy
• Long-term mission and goals
• Alignment of tactics with long-term strategic goals
• Strategic planning models and analytical techniques
• Characteristics of successful strategic planning process 

      Unit 4 : Budgeting concepts

• Operations and performance goals 
• Characteristics of a successful budget process
• Resource allocation
• Other budgeting concepts

Section 2 : Cost Accounting 

      Unit 1 : Measurement Concepts

• Cost behaviour and cost objects
• Actual and normal costs
• Standard costs
• Absorption (full) costing
• Variable (direct) costing
• Joint and by-product costing

     Unit 2 : Costing Systems

•  Job order costing
•  Process costing

     Unit 3 : Overhead Costs

• A Fixed and variable
• Overhead expenses

     Unit 4 : Supply Chain Management and Process Improvement 

•  Value-added concepts
•  Process analysis
• Activity-based management
• Continuous improvement concepts
• Best practice analysis
• Cost of quality analysis

Section 3 : Corporate Finance Part – I

    Unit 1 : Risk and return

• Calculating return
• Types of risk 
• Relationship between risk and return 

     Unit 2 : Long-term Financial Management 

• Term structure of interest rates
• Types of financial instruments
• Cost of capital
• Valuation of financial instruments

   Unit 3 : Raising Capital

• Financial markets and regulation
• Market efficiency
• Financial institutions
• Initial and secondary public offerings
• Dividend policy and share repurchases

   Unit 4 : Working Capital Management

•  Working capital terminology
• Cash management
• Marketable securities management
• Accounts receivable management
• Inventory management
• Types of short-term credit
• Short-term credit management