Certified Financial Management Specialist (CFMS)®
Validate your expertise in financial management, corporate finance, and investment strategies with the CFMS® credential — designed for professionals seeking to enhance decision-making, profitability, and career growth in the finance sector.
Industry-recognized Certification
The Certified Financial Management Specialist (CFMS)® is an industry-recognized credential that validates your expertise and commitment to the highest standards of financial management.
Online & In-person Assessment
Take the CFMS® exam securely online through CPACE's Learning Management System (LMS). In-person assessments and special schedules can also be conducted as requested by the school.
Professional Development
Earning your CFMS® is a commitment to continuous professional development, keeping your skills sharp and current in a dynamic industry.
Exam Format
The CERTIFIED FINANCIAL MANAGEMENT SPECIALIST (CFMS)® is an assessment exam of the basic knowledge in financial management conducted by the Center for Professional Advancement and Continuing Education, Inc. (CPACE Philippines). The exam is designed to evaluate the core knowledge that both aspiring and practicing finance professionals must have.
The CFMS™ assessment is a 2-hour test consisting of 120 multiple-choice questions. Examinees who pass and earn formal certification of their CFMS® designation are authorized to use the title Certified Financial Management Specialist (CFMS)®.
Exam Coverage and Topics
- Capital Markets
- Behavioral Finance
- Income and Business Taxation
- Financial Analysis and Reporting
- Banking and Financial Institutions
- Fundamentals of Corporate Finance
- Financial Policy and Central Banking
- Investment and Portfolio Management
- Cash and Working Capital Management
Process and Requirements
- Register online
- Learning investment – Php 1,680.00
- Submit your requirements and payment confirmation to cfms@cpaceph.com
- Your payment & documents will be validated within 2-3 business days.
- You will receive your self-review materials and references upon confirmation of your slot.
Who are Qualified?
Category A
Category B
Category C
Category D
Frequently Asked Questions
Does the Professional Regulation Commission or the Civil Service Commission oversee the Certified Financial Management Specialist (CFMS)® Assessment Exam?
The certification does not fall under the purview of the Professional Regulation Commission or the Civil Service Commission. This is not a professional license or eligibility for civil service. This is an assessment examination/certification of your skills in the field of financial management, initiated by the Center for Professional Advancement and Continuing Education, Inc., to provide an assessment examination for qualified applicants.
What are the advantages of taking CFMS®?
Earning a professional certification validates your mastery of financial management and enhances your credentials, providing a competitive edge in the job market. Passing the certification exam also establishes your credibility and demonstrates a commitment to continuous learning, qualities highly valued by employers. Additionally, your name will be included in a list of certified individuals shared with our partner institutions, further increasing your visibility to potential employers.
What is the passing mark?
Each examinee must have a rating of 75% and must not get a score below 60 on the test.
Is there a limit to how many times we can take the CFMS®?
There is no limit to taking the assessment examination.
How do we know that we passed the examination?
You will be notified via email. Passers will also be posted on the CPACE Philippines’ official website and social media platforms.
What is the validity period?
The validity is lifetime. No need for renewal.
Contact Us
- Unit 1510 High Street South Corporate Plaza Tower 1, 26th St. Corner 9th Ave., BGC Taguig City, Philippines (1634)
- cfms@cpaceph.com
- +63 956 221-2400