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Diploma in Corporate Finance

The Diploma in Corporate Finance will equip you with advanced corporate finance knowledge, skills and expertise. It will enhance the value you bring to the organisations you work with and help accelerate your career.


  • Practical, transaction-orientated diploma, awarded by two world-renowned and leading institutions; ICAEW and the CISI.
  • Streamlined syllabus to allow progressive learning after the Certificate in Corporate Finance.
  • Develop your core technical, commercial and ethical skills and knowledge.
  • You can either do your studying online, from anywhere in the world, or in a classroom with peers and a tutor.
  • Two sittings per year for each paper, to suit your schedule, and the whole diploma can be completed in a year.
  • Receive one year’s membership of the ICAEW Corporate Finance Faculty and student membership of the CISI.

What is the Diploma in Corporate Finance?

The CF qualification represents the highest level of achievement in the corporate finance programmes jointly offered by the ICAEW and the CISI. The diploma is now recognised by the FCA as meeting the full qualification requirement to equip talented individuals with advanced corporate finance knowledge, skills and expertise.

Diploma in Corporate Finance at a glance

Entry requirements
  • This diploma is suitable for ICAEW Chartered Accountants or Certificate in Corporate Finance holders.
  • For details about alternative entry requirements for candidates outside the UK, please see the CF FAQs.
  • The Diploma in Corporate Finance replaces the diploma and advanced diplomas in corporate finance previously offered by ICAEW. Candidates who have passed the diploma in corporate finance exam (old syllabus) are eligible for exemption from Paper 1: Corporate Finance Techniques and Theory.
What's involved?

The syllabus for the new Diploma in Corporate Finance has been designed to develop core technical, commercial and ethical skills and knowledge for those working in the field of corporate finance. Knowledge of fundamental techniques, theories and issues supports the handling of complex corporate finance scenarios.

The diploma consists of two units:

  • Paper 1: Corporate Finance Techniques and Theory
  • Paper 2: Corporate Finance Strategy and Advice

What are the key differences between the old syllabus and the new syllabus?

The new syllabus includes sections dealing with the regulatory issues associated with a corporate finance transaction. It is relevant to those not only from an accounting background but also from banking, legal or consultancy backgrounds.

How do I register?

Registration is via the CISI.

  • Step 1: Book your exam by going to this page, scrolling to the bottom, and opening the form under 'Book your exam'.
  • Step 2: Email the completed booking form to corporatefinance@cisi.org.
  • Step 3: Your eligibility will be checked and you will receive confirmation of your booking which will include the date of your exam sitting.
  • Step 4: Contact the tuition provider for study support and to purchase your learning materials. 
How can I study for this diploma?

Either through distance learning (self-study from anywhere in the world with the support of hardcopy and online materials) or classroom learning (with a tutor, surrounded by peers). We now have a qualified training provider in Greece as well as in many locations around the UK. Find a tuition provider near you.


On average, 200 hours of study is required to complete Paper 1: Corporate Finance Techniques and Theory and 300 hours of study is required to complete Paper 2: Corporate Finance Strategy and Advice.

  • Paper 1: Corporate Finance Techniques and Theory £330
  • Paper 2: Corporate Finance Strategy and Advice £391


Summer 2017 Winter 2017
Overseas application closing date 1 10 April 2017 25 September 2017
Standard application closing date 8 May 2017 16 October 2017
Late application closing date 2 30 May 2017 6 November 2017
Paper 2 - Corporate Finance Strategy & Advice 3 26 June 2017 - 13:00 BST 4 December 2017 - 13:00 GMT
Paper 1 - Corporate Finance Techniques & Theory 3 27 June 2017 - 14:00 BST 5 December 2017 - 14:00 GMT
Results available 31 August 2017 15 February 2018

1 Venues for international exam sittings can be arranged on your behalf by local British Council offices. Please note that candidates will be responsible for the local cost of the exam venue. Please see our FAQs for further information.

2 If an examination application is received after the standard closing date, but before the late closing date, an additional late entry fee of £50 will be charged along with the examination fee.

3 Examination time shown is for UK sittings. International exam times may vary but will be confirmed via email after booking.