A certified financial analyst helps a company evaluate investment opportunities.
A certified financial training program helps finance professionals learn about the latest tools and techniques available in financial analysis, accounting reporting, investment valuation and fiscal planning. This program also may provide finance professionals with updates in regulations and industry practices. Financial training courses may be taken online, on-site or at industry events.
Purposes
A certified financial training program allows a certified finance professional to learn about new tools, techniques, procedures and principles used in gathering accounting data, performing complex financial analyses and computing tax obligations under different scenarios. A certified finance professional may be a chartered financial analyst (CFA), a certified financial manager (CFM) or a certified public accountant (CPA). For example, a CFA may learn new credit risk computation tools by attending certified financial training courses.
Types
Certified financial training courses may be available to finance professionals through four channels. A finance professional may attend an industry event or a professional seminar to take courses. For example, a CFM may attend an Institute of Management Accountants (IMA) seminar to learn about new financial analysis tools. A certified professional also may enroll in a master's program at a university to take financial training courses. Alternatively, a finance professional may take courses on a company's premises or online.
Features
A certified financial training program covers several topics that may be relevant to finance professionals. This program may feature updates in generally accepted accounting principles (GAAP) and how they affect financial statement presentation. A certified financial training program also may cover new tax-saving strategies and fiscal compliance methods. Alternatively, a finance professional may take courses covering new investment valuation and asset selection techniques. A certified financial training program also may help a finance professional understand financial products and markets.
Benefits
A certified financial training program benefits finance professionals and investors. This program may favor a finance professional who is seeking a financial certification, such as the CPA or the CFA, because it increases professional expertise. For a financial professional already certified, this program helps increase chances of career growth and helps fulfill continuing education requirements. A certified financial training program favors investors because well-trained certified finance professionals are more likely to be productive and competent in preparing corporate financial information.
Expert Insight
Qualified finance professionals or accounting and finance scholars may teach certified financial training courses. In cases where topics are complex, a company may hire a consultant or a university professor to teach relevant courses. For example, a retired geology scholar may help an oil and gas company explain to management accountants various costs involved in drilling operations.
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