The Certified Construction Financial Professional (CCFP) program is a prestigious certification designed to recognize individuals with advanced knowledge and expertise in financial management specific to the construction industry. Financial professionals play a critical role in ensuring the financial health and success of construction companies. Professionals with CCFP certification are acknowledged for their mastery in construction accounting, financial reporting, tax compliance, and the practical application of financial management principles in the construction sector.

The CCFP program encompasses a comprehensive curriculum, comprising various modules, each focusing on specific aspects of financial management within the construction industry. These modules provide participants with an extensive understanding of construction accounting, financial analysis, tax planning, risk management, and real-world financial management practices.

Certification Learning Objectives:

Upon completing the Certified Construction Financial Professional (CCFP) program, participants will acquire a diverse skill set, including the ability to:

• Construction Accounting: Apply specialized accounting principles and practices relevant to the construction industry, including revenue recognition, cost accounting, and contract accounting.
• Financial Reporting: Prepare accurate and timely financial statements, including income statements, balance sheets, and cash flow statements, tailored to the construction sector.
• Tax Compliance: Ensure compliance with construction-specific tax regulations and optimize tax planning strategies for construction businesses.
• Risk Management: Identify and manage financial risks specific to the construction industry, including project risks, credit risks, and market risks.

Certification Requirements:

• Bachelor’s Degree

And/or

• 2 – 5 years of relevant work experience

Certifying Examination:

• To be certified as CCFP, student should take up a 1.5 hours online exam conducted by AIBM.
• The qualifying exam would consist of 50 multiple choice questions, testing core certification modules.
• Professionals with relevant experience and other qualifying criteria may be exempted from the examination.

Certification Modules:

1. Construction Accounting Principles and Practices
2. Financial Reporting for Construction Companies
3. Tax Compliance and Planning for Construction Businesses
4. Financial Risk Management in Construction
5. Cash Flow Management in Construction Projects
6. Project Cost Analysis and Cost Control Techniques

* The modules of the certification are constantly updated and are subject to change.

Who Should Do This Certification:

The Certified Construction Financial Professional (CCFP) certification is highly valuable for professionals across various roles and industries, including:

• Construction Financial Managers: Those responsible for financial management within construction companies, including controllers and CFOs.
• Project Accountants: Professionals managing financial aspects of construction projects, including budgeting and cost tracking.
• Construction Business Owners: Those interested in understanding construction-specific financial practices to better manage their companies.
• Financial Analysts: Individuals providing financial analysis and planning services to construction businesses.
• Tax Consultants: Professionals specializing in construction industry tax compliance and planning.

Embark on the journey of achieving the CCFP certification to become a recognized expert in financial management within the construction industry, support construction companies in achieving financial success, and advance your career in the dynamic field of construction finance.