The Certified Finance Professional (CFP) is a unique designation offered by the Institute of Incorporated Public Accountants (IIPA) and the Institute of Finance Professionals (IFP) to individuals who have met the requirements for registration.
The CFP plays an essential role in the provision of accounting services often operating as an accounting senior, audit senior or finance manager.
The CFP will often be found working in accounting practices alongside the Accountant. They will both provide services and learn as they go, and many go on to become Incorporated Public Accountants.
- Financial Accounting;
- Management Accounting;
- Auditing (Internal or External);
- Business Finance;
- Company and Business Law;
- Corporate Treasury;
- Financial Management;
- Corporate Governance and Business Ethics;
- Equity and Bond Investment and Portfolio Management;
- Derivatives and Financial Engineering;
- Fund Accounting;
- Financial Modelling;
- Corporate reorganisation (including Mergers & MBO’s);
In addition the applicant must have at least 2 years experience working in a finance or accounting related environment. This requirement incorporates a very broad range of experience and individuals who meet the education requirements are encouraged to apply.
Individuals who qualify for CFP receive:
- Membership of the Institute of Finance Professionals;
- An A3 sized “Certified Finance Professional” certificate from the IIPA/IFT;
- Permission to used the designatory letters “CFP” after their name. Subject to certain criteria, individuals may be entitled to apply for fellowship and qualify to use the designatory letters “FCFP”;
- “Accounting News”, the quarterly journal of the Institute of Incorporated Public Accountants;
- Access to the resources of a Europe based, internationally recognised professional accountancy body; and
- A transparent way to demonstrate to employers and others that you are a serious finance professional.
- IIPA Students who pass the “Professional 2” exams of the IIPA may also qualify as CFP’s.
- This certification recommended for any person who has completed two or more years exams with a professional accountancy body, and may particularly suit:
- Part-qualified students of a professional accountancy body seeking professional certification;
- Timed-out former students of a professional accountancy body seeking professional certification; and
- Holders of third-level business or finance qualifications from a recognised third-level institution seeking professional certification.
All applicants for this designation will be required to provide evidence of having attained the required education standards and the necessary training or experience. Documents that are not in the English language must be accompanied by a certified translation.
Part-Qualified with any of the following bodies may qualify for the Certified Finance Professional desigantion: View IFAC Member Bodies.