The Institute of Corporate Finance Managers and Administrators (ICFMA) is saddled with the responsibility of certifying financial administrators. Successful members are bestowed with Certified Financial Administrators or Certified Financial Consultants.

To find out more about what ICFMA can do for you, visit ICFMA.
Category of Membership
There are two categories of Membership, which are namely:

I. Fellowship

II. Associateship

Membership is designated by the use of the letter FCFMA for fellows and ACFMA for Associates.
Direct Membership Admission
The following qualifications are recognized and accepted by the Council of the INSTITUTE for direct membership. Holders would, however, be required to undergo a conversion programme/examination:

A pass in the final examinations of approved local or foreign professional accounting, banking and finance, taxation and Stock Broking Bodies, with not less than three years of cognate experience under a Principal or Managing Partner in a firm of Certified National Accountants, Certified Public Accountants, Chartered Accountants and Chartered Management Accountants.

Masters or Doctorate Degree in Accounting, Banking/Finance and Financial Management from approved local or foreign institutions.

Those who hold a valid certified Financial Administrators Certificate.

Those who have passed an examination in Corporate Finance and Administration and related subjects satisfactory to the Council at an accredited university or college of Technology.

Those who are engaged in the practice of Financial Consultancy and Investigation as proprietors, partners or an employee who have been licensed as Professional Accountants for not less than three years.

An applicant for direct membership shall, for the time being, pay direct admission fee which shall be subject to review from time to time by the Council of the INSTITUTE.
Membership Registration Fee:
Upon admission, each member shall be liable to pay to the fund of the Institute a prescribed fee to be determined by the council from time to time.
Membership Certificate
Every member shall be entitled to a membership certificate upon his or her admission into the membership of the Institute indicating the Grade of membership.

The certificate remains the property of the Institute and shall on demand, be returned to the Institute where one ceases to be a member.

For further enquiries Call +234 80320 93 913

or Visit our office

WFCG Consulting Group
104 Lagos Road,
Haruna Bus Stop
Ikorodu, Lagos

STUDENT ELIGIBILITY:
To qualify for registration as a student member, candidate must have a minimum of First Degree, HND or equivalent qualifications.

EXEMPTIONS:
Registered students whose qualifications merit exemptions will be encouraged to apply for these exemptions on a separate and prescribed form and will be required to pay a prescribed fee as may be determined from time to time by the council.

PROCEDURE:
The exemption form should be completed in full and returned to the Institute with the following:

i. The appropriate fee
ii. Certified photocopies of the following by the sponsor who must be a member of the Institute or a member of related professional bodies

(a) Relevant educational credentials
(b) Letter of registration with relevant professional bodies if applicable.
(c) Transcript of results.

iii. Supporting evidence of practical experience
iv. Letter of recommendation from the employer.

DISCIPLINARY CONTROL:
No member of the Institute shall be allowed to use the name of the Institute to advertise or circularize for business. The Institute shall enforce generally accepted rules of professional conduct. Every member and every registered student of the Institute are required to conform to those Rules and Regulations of the Institute in force at any particular time.

EXAMINATION:
The Institutes examinations are normally held twice a year in May and October in designated centres in Nigeria.

April Examination
Examination application
Closing date: March

October Examination
Examination application
Closing date: September

Any application for examination entry received after closing date will be retained and entered in the next examination.

Confirmation of examination entry is the examination time table which is sent out one month before the examination.

The Institute’s full examinations comprise of two (2) stages namely:

STAGE 1: DIPLOMA IN FINANCIAL ADMINISTRATION:
This stage comprises of two sections A & B consisting of nine papers.

OBJECTIVES; This is designed to demystify the field of finance, this programme seeks to:

a. Impact a basic grounding in the accounting reports used in business.
b. Develop skills in applying financial tools and techniques
c. Sharpen the finance sense of non-finance executives.

DIPLOMA IN FINANCIAL ADMINISTRATION:
Section A: Paper 1 Accounting and Control
2. Quantitative Techniques
3. Information Technology
4. Trust Administration
5. Business policy and strategic Management

Section B: Paper 1. Corporate Finance
2. Financial Management and Strategy
3. Management Information System
4. Entrepreneurship Development

FOR WHOM: This examination is designed for Non-finance executives in various areas (like Marketing, Production, Purchases, Research & Development, Human Resources & Information Technology), entrepreneurs and software professionals.

Candidates must be holders of Bsc, HND, Msc, etc or relevant professional qualifications.

PROFESSIONAL EXAMINATIONS: CERTIFIED FINANCIAL ADMINISTRATOR

This examination presents the essence of modern finance and provides a roadmap to new ideas that every finance professional should know. Therefore it seeks to:

a. Impart sound knowledge and understanding of the key principles of finance economics.

b. Develop skills in applying improved methods of financial analysis.

c. Discuss the state of the art of professional practices.

CERTIFIED FINANCIAL ADMINISTRATOR (CFA)

Section A: Paper 1. Security analysis and portfolio management
2. Treasury and Forex Management
3. Performance Management
4. Global Economics and Financial System.

Section B: Paper 1. Corporate valuation and project management accounting
2. Controllership
3. Risk and control Management
4. Multi Disciplinary Case Study

@poster,
May i ask,
1) is this financial body registered and well recognised in the country?
2) what exams would an Accounting graduate and/or Banking/Finance graduate (B.Sc) take in order to be a certified member. What are the requirements and how do we go about it i.e. registration for exams etc?
3) Where are the designated exam centres in the country?

Looking forward to hearing from you soon.

@naira4ever

To answer your questions

1) Yes, The Institute of Corporate Finance Managers and Administrators (ICFMA) is a professional body that is duly registered. The Institute was established under companies and Allied Matters Act 1, 1990 after its approval by Federal Ministries of Education and Justice on the 20th day of November, 2012.

2) The Institute’s full examinations comprise of two (2) stages namely:

STAGE 1: DIPLOMA IN FINANCIAL ADMINISTRATION:

This stage comprises of two sections A & B consisting of nine papers.

OBJECTIVES; This is designed to demystify the field of finance, this programme seeks to:

a. Impact a basic grounding in the accounting reports used in business.
b. Develop skills in applying financial tools and techniques
c. Sharpen the finance sense of non-finance executives.

DIPLOMA IN FINANCIAL ADMINISTRATION:

Section A: Paper 1 Accounting and Control
2. Quantitative Techniques
3. Information Technology
4. Trust Administration
5. Business policy and strategic Management

Section B: Paper 1. Corporate Finance
2. Financial Management and Strategy
3. Management Information System
4. Entrepreneurship Development

FOR WHOM: This examination is designed for Non-finance executives in various areas (like Marketing, Production, Purchases, Research & Development, Human Resources & Information Technology), entrepreneurs and software professionals.

Candidates must be holders of Bsc, HND, Msc, etc or relevant professional qualifications.

PROFESSIONAL EXAMINATIONS: CERTIFIED FINANCIAL ADMINISTRATOR

This examination presents the essence of modern finance and provides a roadmap to new ideas that every finance professional should know. Therefore it seeks to:

a. Impart sound knowledge and understanding of the key principles of finance economics.

b. Develop skills in applying improved methods of financial analysis.

c. Discuss the state of the art of professional practices.

STAGE 2: CERTIFIED FINANCIAL ADMINISTRATOR (CFA)

Section A: Paper 1. Security analysis and portfolio management
2. Treasury and Forex Management
3. Performance Management
4. Global Economics and Financial System.

Section B: Paper 1. Corporate valuation and project management accounting
2. Controllership
3. Risk and control Management
4. Multi Disciplinary Case Study

FOR WHOM: Holders of Diploma in Financial Administration.
Degree or HND in management and finance or any other related discipline and holders of relevant professional qualifications.

3) The Institute currently runs a training and exam center in Ikorodu. The contact address is

WFCG Consulting
104 Lagos Road,
Haruna B/Stop
Ikorodu Lagos

If you have further questions you can call on 08032093913