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In the ever-changing, rapidly advancing marketplace that is the construction industry, the Certified Construction Industry Financial (CCIFP) certification is your mark of excellence. The mark of excellence that will prepare you and your company to face the specialization, sophistication, and complexities of construction financial management that the future holds.
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Demonstrates your commitment to excellence Establishes our profession as having, valuing and maintaining the highest possible standards Sets our profession apart Better prepares both firms and individuals for challenges ahead Gives companies and certified persons a powerful edge
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The ONLY standard for the construction financial profession CCIFP is the ONLY credential that recognizes the unique challenges and specialized knowledge demanded of construction financial professionals!
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CCIFP certification is the ultimate recognition of your achievements within your profession Enhances personal & professional credibility Objectively verifies your knowledge Increases knowledge & skills in construction financial management Satisfies personal development in attaining a goal
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Provides evidence of your enhanced value Gives you decision-making confidence Keeps you tapped into a sophisticated network of professional knowledge Makes you a member of your profession’s elite
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Financial managers To demonstrate your mastery of the profession and improve your credibility and status in your organization/industry Service providers To demonstrate an advantage over your competition and your commitment to the industry—some clients even demand that their professional services firms have a CCIFP on staff
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Endorsed by ASA, CFMA, CICPAC, IRMI & NASBP Grant Thornton LLP survey* of Surety Bond Producers cites having a CCIFP as an important criteria: Seven out of 10 bond producer participants cited having prospect construction clients with a financial professional on staff with industry experience as an important criteria for obtaining surety credit NASBP has also included the question on their model contractor questionnaire *Excerpt from Grant Thornton LLP’s “2007 Surety Credit Survey for Construction Contractors: The Bond Producer’s Perspective”
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Eligibility Requirements Education Industry Experience Affirmation of the Code of Ethics Pass the Exam Certification Maintenance
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Education Bachelors Degree from accredited college or university or Substitute 4 years’ full-time professional experience and Industry Experience Minimum of 4,000 hours professional experience in the last three to five years within a construction company or firm that services the construction industry
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Affirmation of Code of Ethics Each candidate must agree to adhere to ICCIFP’s Code of Ethics now and in the future Pass the Exam Successful completion of the examination Certification Maintenance Compliance with ICCIFP’s recertification requirements
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Administered in one, 4.5 hour proctored session 200 question multiple-choice exam, some calculations, covering eight knowledge domains Primarily an accounting exam, with more than 60% of the questions related to construction accounting and finance Exam regarded as tough, but fair—a challenge even for those with 15+ years of industry experience Exam results delivered within 4 weeks of exam date
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Expected Knowledge Domains Accounting & Reporting (30%) Income Recognition Methods (20%) Budgeting & Planning (11%) Risk Management (14%) Taxes (5%) Human Resources (6%) Legal (11%) Information Technology (3%)
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Expected Knowledge Domains Accounting & Reporting (30%) Income Recognition Methods (20%) Budgeting & Planning (11%) Risk Management (14%) Taxes (5%) Human Resources (6%) Legal (11%) Information Technology (3%)
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CCIFP exam study resources available from CFMA “The Book” – Financial Management & Accounting for the Construction Industry CFMA’s Study Guide for the CCIFP Exam CFMA’s CCIFP Overview Seminar Contact CFMA Education Services for additional details at education@cfma.org or 609-452-8000 Other industry guides, publications and resources are also available
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“The Book” – Financial Management & Accounting for the Construction Industry The definitive reference authored by CFMA In-depth coverage of the Body of Knowledge tested on the exam Updated annually Available in the CFMA Store at www.cfma.org
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CFMA’s Study Guide for the CCIFP Exam Designed to be used with “The Book” Features dozens of interactive links to valuable Web content Contains more than a dozen CFMA Building Profits articles, plus study tips & more! Available in the CFMA Store at www.cfma.org
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CFMA’s CCIFP Overview Seminar To help you decide if you’re ready, or where you need to study One-day seminar can help you benchmark your knowledge against that of a CCIFP. Course materials include the CFMA Study Guide on CD-ROM Dates & locations available online at www.cfma.org/education
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Costs & Other Considerations CFMA Members: Application Fee $95 + Exam Fee $595 = $690 total Non‐CFMA Members: Application Fee $150 + Exam Fee $695 = $845 total Ease of exam should not be underestimated; study and preparation is key Candidate information & exam application available online at www.iccifp.org Preparation Resources available at www.iccifp.org
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Recertification Certification valid for an initial period of 3 years Annual recertification maintenance fees currently $100 for CFMA members; $150 for non‐members Annual affirmation of continued employment in the industry Annual affirmation of the ICCIFP Code of Ethics Triennial continuing education requirement of 72 CPE credits each certification cycle (every 3 years) – 48 construction-specific CPE – 24 general credit CPE
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Application & Candidate Information Bulletin Candidate Information Bulletin covering detailed program information is available online at www.iccifp.org Application is available in two formats online at www.iccifp.org – apply online through our secure site, or download a PDF of the application
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Prior to exam, you will receive an admission letter ; Bring a print out of the letter with you You must present one form of government-issued photo ID Registration opens at least 30 minutes prior to the scheduled exam start time One 4.5 hour proctored exam session, with no scheduled breaks Water, pencils, calculators and all other materials provided by ICCIFP
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In less than 7 years the CCIFP program now has… More than 750 active certificate holders in 43 states 68% are CPAs 27% are women 82% are CFMA Members, broken down as follows: 47% Associate CFMA Members 53% General CFMA Members An historical pass rate of approximately 73%, with more than 1,000 attempts at the exam
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“Being a CCIFP validates my expertise as a construction financial professional.” Erika R. Urbani, CCIFP, RD Olson Construction (CA) “I am a CCIFP in order to provide a noticeably different level of commitment and service to my clients.” Emily Gunther, CCIFP, CPA, LarsonAllen LLP (PA) “My value to my company has increased ten‐fold.” Lucas Cope, CCIFP, Western States Fire Protection (CO)
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Top Five States with CCIFPs California (61) Pennsylvania (53) Colorado (48) Florida (39) New Mexico & Texas (35)
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Top Five CFMA Chapters with CCIFPs Colorado (39) Albuquerque (32) Twin Cities & Valley of the Sun (27) Philadelphia (25) Chicago & Orange County (18)
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Check www.iccifp.org for additional sites as added Lancaster, PASep 25, 2011 Orange Co., CAOct 5, 2011 Charlotte, NCNov 2, 2011 Lansing, MINov 9, 2011 Denver, CONov 12, 2011 Houston, TXNov 12, 2011 Phoenix, AZNov 19, 2011 Las Vegas, NVDec 3, 2011
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Ask now! Or contact ICCIFP: www.iccifp.org info@iccifp.org 609-945-2400
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