In the ever-changing, rapidly advancing marketplace
that is the construction industry, the Certified
Construction Industry Financial (CCIFP) certification is
your mark of excellence.
The mark of excellence that will prepare you and your
company to face the specialization, sophistication,
and complexities of construction financial
management that the future holds.
• Demonstrates your commitment to excellence
• Establishes our profession as having, valuing and
maintaining the highest possible standards
• Sets our profession apart
• Better prepares both firms and individuals for
challenges ahead
• Gives companies and certified persons a powerful
edge
• The ONLY standard for the construction financial
profession
• CCIFP is the ONLY credential that recognizes the
unique challenges and specialized knowledge
demanded of construction financial professionals!
• CCIFP certification is the ultimate recognition of your
achievements within your profession
• Enhances personal & professional credibility
• Objectively verifies your knowledge
• Increases knowledge & skills in construction financial
management
• Satisfies personal development in attaining a goal
• Provides evidence of your enhanced value
• Gives you decision-making confidence
• Keeps you tapped into a sophisticated network of
professional knowledge
• Makes you a member of your profession’s elite
• Financial managers
To demonstrate your mastery of the profession and improve
your credibility and status in your organization/industry
• Service providers
To demonstrate an advantage over your competition and your
commitment to the industry—some clients even demand
that their professional services firms have a CCIFP on staff
Endorsed by ASA, CFMA, CICPAC, IRMI & NASBP
Grant Thornton LLP survey* of Surety Bond Producers
cites having a CCIFP as an important criteria:
Seven out of 10 bond producer participants cited having
prospect construction clients with a financial professional on
staff with industry experience as an important criteria for
obtaining surety credit
NASBP has also included the question on their model
contractor questionnaire
*Excerpt from Grant Thornton LLP’s “2007 Surety Credit Survey for
Construction Contractors: The Bond Producer’s Perspective”
Eligibility Requirements
• Education
• Industry Experience
• Affirmation of the Code of Ethics
• Pass the Exam
• Certification Maintenance
Education
• Bachelors Degree from accredited college or
university
or
• Substitute 4 years’ full-time professional experience
and
Industry Experience
• Minimum of 4,000 hours professional experience in
the last three to five years within a construction
company or firm that services the construction
industry
Affirmation of Code of Ethics
• Each candidate must agree to adhere to ICCIFP’s
Code of Ethics now and in the future
Pass the Exam
• Successful completion of the examination
Certification Maintenance
• Compliance with ICCIFP’s recertification
requirements
• Administered in one, 4.5 hour proctored session
• 200 question multiple-choice exam, some
calculations, covering eight knowledge domains
• Primarily an accounting exam, with more than 60% of
the questions related to construction accounting and
finance
• Exam regarded as tough, but fair—a challenge even
for those with 15+ years of industry experience
• Exam results delivered within 4 weeks of exam date
Expected Knowledge Domains
• Accounting & Reporting (30%)
• Income Recognition Methods (20%)
• Budgeting & Planning (11%)
• Risk Management (14%)
• Taxes (5%)
• Human Resources (6%)
• Legal (11%)
• Information Technology (3%)
Expected Knowledge Domains
• Accounting & Reporting (30%)
• Income Recognition Methods (20%)
• Budgeting & Planning (11%)
• Risk Management (14%)
• Taxes (5%)
• Human Resources (6%)
• Legal (11%)
• Information Technology (3%)
• CCIFP exam study resources available from CFMA
 “The Book” – Financial Management & Accounting for the
Construction Industry
 CFMA’s Study Guide for the CCIFP Exam
 CFMA’s CCIFP Overview Seminar
• Contact CFMA Education Services for additional
details at education@cfma.org or 609-452-8000
• Other industry guides, publications and resources are
also available
“The Book” – Financial Management & Accounting for
the Construction Industry
• The definitive reference authored by CFMA
• In-depth coverage of the Body of Knowledge tested
on the exam
• Updated annually
• Available in the CFMA Store at www.cfma.org
CFMA’s Study Guide for the CCIFP Exam
• Designed to be used with “The Book”
• Features dozens of interactive links to valuable Web
content
• Contains more than a dozen CFMA Building Profits
articles, plus study tips & more!
• Available in the CFMA Store at www.cfma.org
CFMA’s CCIFP Overview Seminar
• To help you decide if you’re ready, or where you
need to study
• One-day seminar can help you benchmark your
knowledge against that of a CCIFP.
• Course materials include the CFMA Study Guide on
CD-ROM
• Dates & locations available online at
www.cfma.org/education
Costs & Other Considerations
• CFMA Members: Application Fee $95 + Exam Fee
$595 = $690 total
• Non‐CFMA Members: Application Fee $150 + Exam
Fee $695 = $845 total
• Ease of exam should not be underestimated; study
and preparation is key
• Candidate information & exam application available
online at www.iccifp.org
• Preparation Resources available at www.iccifp.org
Recertification
• Certification valid for an initial period of 3 years
• Annual recertification maintenance fees currently
$100 for CFMA members; $150 for non‐members
• Annual affirmation of continued employment in the
industry
• Annual affirmation of the ICCIFP Code of Ethics
• Triennial continuing education requirement of 72 CPE
credits each certification cycle (every 3 years)
– 48 construction-specific CPE
– 24 general credit CPE
Application & Candidate Information Bulletin
• Candidate Information Bulletin covering detailed
program information is available online at
www.iccifp.org
• Application is available in two formats online at
www.iccifp.org – apply online through our secure
site, or download a PDF of the application
• Prior to exam, you will receive an admission letter ;
Bring a print out of the letter with you
• You must present one form of government-issued
photo ID
• Registration opens at least 30 minutes prior to the
scheduled exam start time
• One 4.5 hour proctored exam session, with no
scheduled breaks
• Water, pencils, calculators and all other materials
provided by ICCIFP
In less than 7 years the CCIFP program now has…
• More than 750 active certificate holders in 43 states
• 68% are CPAs
• 27% are women
• 82% are CFMA Members, broken down as follows:
• 47% Associate CFMA Members
• 53% General CFMA Members
• An historical pass rate of approximately 73%, with
more than 1,000 attempts at the exam
“Being a CCIFP validates my expertise as a
construction financial professional.”
Erika R. Urbani, CCIFP, RD Olson Construction (CA)
“I am a CCIFP in order to provide a noticeably different
level of commitment and service to my clients.”
Emily Gunther, CCIFP, CPA, LarsonAllen LLP (PA)
“My value to my company has
increased ten‐fold.”
Lucas Cope, CCIFP, Western States Fire Protection (CO)
Top Five States with CCIFPs
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California (61)
Pennsylvania (53)
Colorado (48)
Florida (39)
New Mexico & Texas (35)
Top Five CFMA Chapters with CCIFPs
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Colorado (39)
Albuquerque (32)
Twin Cities & Valley of the Sun (27)
Philadelphia (25)
Chicago & Orange County (18)
Check www.iccifp.org for additional sites as added
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Lancaster, PA
Orange Co., CA
Charlotte, NC
Lansing, MI
Denver, CO
Houston, TX
Phoenix, AZ
Las Vegas, NV
Sep 25, 2011
Oct 5, 2011
Nov 2, 2011
Nov 9, 2011
Nov 12, 2011
Nov 12, 2011
Nov 19, 2011
Dec 3, 2011
Ask now!
Or contact ICCIFP:
www.iccifp.org
info@iccifp.org
609-945-2400