Some frequently asked questions about the Corporate Finance (CF) qualification.
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The Diploma in Corporate Finance is designed to build on the knowledge gained through the Certificate in Corporate Finance. The certificate is therefore the normal prerequisite for the Diploma in Corporate Finance. The certificate consists of two units:
There are special arrangements for individuals with the following qualifications:
Holders of the following qualifications, which provide a specific corporate finance and regulatory underpinning for FSA Activity 8, advising on investments in the course of corporate finance business, are exempt from the level 3 Certificate in Corporate Finance:
Candidates outside the UK who do not hold the full level 3 Certificate in Corporate Finance may substitute a local regulatory paper for the Certificate in Corporate Finance unit 1: Corporate Finance Regulation and will need to complete unit 2 of the Certificate in Corporate Finance - Corporate Finance Technical Foundations.
Other local regulatory papers may be considered and are assessed on a case by case basis.
Holders of the ACA are exempt from the level 3 Certificate in Corporate Finance but are advised that the Diploma in Corporate Finance requires a high level of specific technical knowledge and are thus strongly recommended to sit the Certificate in Corporate Finance unit 2: Corporate Finance Technical Foundations to gain an appropriate academic underpinning to the diploma.
Other accountancy institutes may be considered on a case by case basis.
Holders of the diploma paper for the previous ICAEW Corporate Finance qualification are exempt from the level 3 Certificate in Corporate Finance. To gain the new Diploma in Corporate Finance, they are required to pass the Corporate Finance Strategy and Advice paper of the new Diploma in Corporate Finance.
|24th September||Winter 2018 exam booking deadline for international applicants|
|15th October||Winter 2018 exam booking deadline for UK|
In the UK, Diploma in Corporate Finance exams will take place in London.
|Paper 1: Corporate Finance Techniques and Theory||04 December 2018||£359|
|Paper 2: Corporate Finance Strategy and Advice||03 December 2018||£425|
The estimated study time is between 200-300 hours per paper.
Each exam will take about 3-4 hours to complete:
Your referees must have known you for at least three of the last five years and must have knowledge of the quality and scope of your work. At least one must be someone independent of your current or previous employers. All referees must be in a senior management and/or leadership position in corporate finance (eg, partner, principal, director, managing director). Their role is to recommend you for the qualification.
In addition to the three referees, each of the six transactions and/or deals you submit must be certified by a transaction or deal certifier. The deals may be certified by the same or different certifiers, who may also act as a referee. They must be a senior manager or equivalent (eg, partner, principal, director or managing director) and be a member of a professional body with an ethical code and/or hold the Corporate Finance qualification.
The cost of the Examination of Experience is:
The experience route application submission deadline is 2 October 2017.
The Examination of Experience refers to the use of examples of experience that are recent. This means examples of experience from within the last five years. As it may have been some time since you last applied, you will need to make sure that when resubmitting the transactions previously failed, you include examples from within the last five years. This enables you to include and reflect upon the most up-to-date and relevant examples in your answers.
All transactions and deals must be verified by a transaction or deal certifier. Where they have been reworked for resubmission, they must be reverified by a transaction or deal certifier.
Suitably qualified and respected members of the corporate finance community have been invited by ICAEW to mark and assess your application. They combine the necessary technical skills and practical experience with a thorough knowledge and understanding of the assessment. ICAEW is a highly regarded awarding body and, in order to ensure that the CF qualification standards are consistent and results are reliable, employs similar assessment procedures for all its qualifications which include double marking.