Corporate Finance Institute
 | |
| Abbreviation | CFI |
|---|---|
| Predecessor | MDA Training Macabacus |
| Formation | 2016 |
| Type | Private |
| Purpose | Professional Education in Business Administration with a focus on Finance. |
| Headquarters | Vancouver, British Columbia, Canada |
| Coordinates | 49°17′5.7438″N 123°6′55.9434″W / 49.284928833°N 123.115539833°W |
Region served | Worldwide |
Official language | English |
Key people | Anna Talerico (CEO) |
Staff | 100 |
Students | 1,500,000 |
| Website | corporatefinanceinstitute |
Corporate Finance Institute (CFI) is a training, continuing education, and professional development platform for finance, banking, and investment management professionals, providing courses and certifications in financial modeling, valuation, corporate finance, and other business administration topics. The skills CFI deems important for modern finance at the most basic and fundamental level are the ability to use spreadsheets (like Microsoft Excel), presentation slides (like PowerPoint), and visuals for data and information visualization, as well as underlying knowledge of accounting and business strategy (strategic management).
CFI is a provider of professional certification programs including the Financial Modeling & Valuation Analyst (FMVA),[1] Commercial Banking & Credit Analyst (CBCA), Capital Markets and Securities Analyst (CMSA), Business Intelligence and Data Analyst (BIDA), and Corporate Finance Foundations (CFF) certification programs and professional designations.[2][3] All CFI courses are delivered online.
The organization was incorporated as a joint venture with MDA Training (MDA), a London, England, United Kingdom-based financial training company founded in 1988 by Professor Walter Reid, who was one of the founding professors of the London Business School (LBS) of the University of London.[4] The Corporate Finance Institute is currently headquartered in Vancouver, British Columbia, Canada.
In 2021, Corporate Finance Institute acquired Macabacus, a Microsoft Office Add-In for finance professionals, with tens of thousands of monthly and annual subscribers.[5]
FMVA certification[edit]
CFI offers the Financial Modeling and Valuation Analyst (FMVA) certification. Students may also choose individual courses based on their needs, without accessing the certification program. The analyst program includes 7 optional prerequisites to review the fundamentals, 11 core courses to build a foundation in financial modeling and valuation, plus a minimum of 3 elective courses that allow more focus on specific topics and skills (14 required courses in total). Students must earn a minimum passing grade of 70% in each course assessment and pass the final exam to complete the requirements of the program and to receive a certificate of completion, and are entitled to use the designation Certified Financial Modeling & Valuation Analyst (FMVA), and can add:
Corporate Finance Institute | Vancouver, British Columbia
Professional Certificate, Financial Modeling and Valuation Analyst (FMVA) - Business Administration Education | [Month Year or Semester of Conferral]
to the education section of their resume, CV, or profile.[6][7][8]
Curriculum topic distributions are as follows:[9]
- Financial Modeling (25%)
- Finance Theory and Math (23%)
- Excel Skills (17%)
- Business Valuation (10%)
- Budgeting & Forecasting (8%)
- Presentations & Visual Outputs (8%)
- Accounting Knowledge (5%)
- Corporate and Business Strategy (4%)
CBCA certification[edit]
CFI also offers the Commercial Banking and Credit Analyst (CBCA) certification which is designed for the credit analysts who are working in different banks, credit rating agency or insurance. The program includes 17 optional prerequisites to review the fundamentals and 15 core courses to build a foundation in credit analysis. Students must earn a minimum passing grade of 80% in each course assessment to complete the requirements for the program and to receive a certificate of completion, and be entitled to use the designation Certified Commercial Banking and Credit Analyst (CBCA), and can add:
Corporate Finance Institute | Vancouver, British Columbia
Professional Certificate, Commercial Banking and Credit Analyst (CBCA) - Business Administration Education | [Month Year or Semester of Conferral]
to the education section of their resume, CV, or profile.[10][11]
Curriculum topic distributions are as follows:[12]
- Financial Analysis (39%)
- Credit Evaluation and Documentation (26%)
- Management & Business (16%)
- Risk Management (12%)
- Industry Analysis (7%)
BIDA certification[edit]
Business Intelligence and Data Analyst (BIDA) [13]
covers both BI and data science, helping develop skills in various related areas: data storage and collection, data transformation, data analysis and modeling, data visualization. Students must earn a minimum passing grade of 70% in each course assessment to complete the requirements for the program and to receive a certificate of completion, be entitled to use the designation Certified Business Intelligence & Data Analyst (BIDA), and can add:
Corporate Finance Institute | Vancouver, British Columbia
Professional Certificate, Business Intelligence and Data Analyst (BIDA) - Business Administration Education | [Month Year or Semester of Conferral]
to the education section of their resume, CV, or profile.[14]
CFF certification[edit]
The Corporate Finance Foundations (CFF), the CFI Corporate Finance Foundations Professional Certificate (CFI-CFF), or the Professional Certificate in Corporate Finance Foundations - Corporate Finance Institute (CFF-CFI), in is a professional certification program that covers business administration topics such as the foundations of corporate finance, financial modeling, decision-making, corporate budgeting, financial forecasting, financial analysis, financial statement analysis, accounting, and environmental, social, and governance (ESG) impact reports. Students must earn a minimum passing grade of 70% in each course assessment to complete the requirements for the program and to receive a certificate of completion, and be entitled to add:
Corporate Finance Institute | Vancouver, British Columbia
Professional Certificate, Corporate Finance Foundations (CFF) - Business Administration Education | [Month Year or Semester of Conferral]
to the education section of their resume, CV, or profile. It was created in partnership with LinkedIn, Brigham Young University, and qualifies for continuing professional education (CPE) credits with the National Association of State Boards of Accountancy (NASBA).[2][3]
Accreditation and recognition of CPE and CPD credits[edit]
CFI's courses are accredited and recognized for continuing professional education (CPE) and continuing professional development (CPD) credits with several professional associations, self-regulatory organizations, trade associations, and/or regulatory agencies such as the:[15]
- Financial Industry Regulatory Authority (FINRA) [Scope: United States]
- National Association of State Boards of Accountancy (NASBA) [Scope: United States]
- Forum for International Trade Training (FITT) - Certified International Trade Professional (CITP) Program [Scope: International]
- Institute of Internal Auditors (IIA) [Scope: International]
- International Compliance Association (ICA) [Scope: International]
- Chartered Insurance Institute (CII) [Scope: United Kingdom, formerly Ireland]
- Australian Financial Markets Association (AFMA) [Scope: Australia]
- New Zealand Financial Markets Association (NZFMA) [Scope: New Zealand]
- The Institute of Banking and Finance Singapore (IBF) [Scope: Singapore]
- The Dutch Association of Tax Advisers - De Nederlandse Orde van Belastingadviseurs (NOB) [Scope: The Netherlands]
- Association of Chartered Certified Accountants (ACCA) [Scope: International]
- Chartered Institute of Management Accountants (CIMA) [Scope: International]
- CPA Canada - Chartered Professional Accountants of Canada [Scope: Canada]
- CPA Australia - Certified Practising Accountants Australia [Scope: Australia]
- Institute of Singapore Chartered Accountants (ISCA) [Scope: Singapore]
- Hong Kong Institute of Certified Public Accountants (HKICPA) [Scope: Hong Kong in the People's Republic of China]
- Institute of Chartered Accountants of Scotland (ICAS) [Scope: Scotland in the United Kingdom]
- South African Institute of Chartered Accountants (SAICA) [Scope: South Africa]
- Chartered Accountants Ireland [Scope: Ireland]
- Institute of Public Auditors in Germany - Institut der Wirtschaftsprüfer in Deutschland (IDW) [Scope: Germany]
National Registry of CPE Sponsors with NASBA[edit]
Corporate Finance Institute is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education (CPE) on the National Registry of CPE Sponsors.[16] Students are eligible to earn in total of 80 CPE credits upon successfully completing all courses in CFI's program.[17]
See also[edit]
- Financial modelling
- Outline of finance § Financial modeling
- Valuation (finance)
- Professional certification
References[edit]
- ^ "Financial Analyst Training". FMVA® Financial Modelling Certification. CFI Education Inc. Retrieved 19 January 2019.
- ^ a b "Introducing the Corporate Finance Foundations Professional Certificate". Corporate Finance Institute. Retrieved 2023-12-22.
- ^ a b "CFI Corporate Finance Foundations Professional Certificate Learning Path | LinkedIn Learning, formerly Lynda.com". LinkedIn. Retrieved 2023-12-22.
- ^ "History and Background of CFI". Corporate Finance Institute® (CFI). Corporate Finance Institute. Retrieved 19 January 2019.
- ^ Turner, Luke. "Corporate Finance Institute® (CFI) Announces Acquisition of Macabacus and Surpasses 4 Million Course Enrollments". Cision. CNW Group Ltd. Retrieved 12 May 2021.
- ^ "Financial Modeling & Valuation Analyst (FMVA)® Certification". Global Corporate Finance Society. corporatefinance.org. Retrieved 19 January 2019.
- ^ "Financial Analyst Courses and Training Online". Corporate Finance Institute. Corporate Finance Institute. Retrieved 19 January 2019.
- ^ "Financial Modeling & Valuation Analyst (FMVA®) Certification". Corporate Finance Institute. Retrieved 2023-12-23.
- ^ "Financial Modeling & Valuation Analyst (FMVA)® Certification". Financial Modelling Competition. Financial Modeling Competition. Retrieved 19 January 2019.
- ^ "Commercial Banking and Credit Analyst (CBCA)® Certification". Global Corporate Finance Society. corporatefinance.org. Retrieved 17 January 2021.
- ^ "Credit Analyst Courses and Training Online". Corporate Finance Institute. Corporate Finance Institute. Retrieved 17 January 2021.
- ^ "Commercial Banking & Credit Analyst (CBCA)® Certification". Financial Modelling Competition. Financial Modeling Competition. Archived from the original on 2021-04-02. Retrieved 17 January 2021.
- ^ "Business Intelligence & Data Analyst (BIDA) Certification". Global Corporate Finance Institute. corporatefinanceinstitute.com. Retrieved 9 September 2022.
- ^ "Business Intelligence & Data Analyst (BIDA®) Certification". Corporate Finance Institute. Retrieved 2023-12-26.
- ^ "CPE Credits Online". Corporate Finance Institute. Retrieved 2023-12-23.
- ^ "Corporate Finance Institute". National Registry of CPE Sponsors. National Associate of State Boards of Accountancy. Retrieved 19 January 2019.
- ^ "Earn 80 CPE Credits". Corporate Finance Institute. CFI Education Inc. Retrieved 19 January 2019.