PURPOSE
The Finance credential documents an individual’s competencies in managerial and financial accounting essentials as needed by small businesses or in a support role for CPAs and other accounting professionals in a larger firm.
AUDIENCE
This credential is appropriate for individuals looking to work in entry-level accounting or finance positions.
JOB/CAREER REQUIREMENTS
Earning credentials in finance signifies a variety of competencies including aligning accounting to the business cycle, merchandising, internal controls, managing assets and liabilities including payroll, job costing, budgets, cost/volume/profit analysis, cost allocation, analysis of capital expenditure decisions, and support for managerial decision-making. Accountants work in all types of businesses – retail/merchandising, manufacturing, finance, non-profit – and work across all facets of the organization. The successful accountant produces reliable reports and is a good listener who can understand the needs of department or organization and produce reports to facilitate decision-making. Accountants must be exceptional at processing and organizing information.
FINANCE WORKPLACE TASKS:
- Prepare, examine, or analyze accounting records, financial statements, or other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards.
- Report to management regarding finances of the business.
- Establish tables of accounts and assign entries to proper accounts.
- Develop, implement, modify, and document record-keeping and accounting systems, making use of current computer technology.
- Develop, maintain, and analyze budgets, preparing periodic reports that compare budgeted costs to actual costs.
- Provide internal and external auditing services for businesses or individuals.
- Analyze business operations, trends, revenues, costs, financial commitments, and obligations, to project future revenues and expenses and to provide advice.
EXAM STRUCTURE OVERVIEW
Number of Questions in Exam: 55
Total Time: 180 minutes
Overall Passing Score: 70%
(All sections require an individual passing score of 70%)
