Success in your Finance Career

Managing a career in finance requires staying up-to-date on industry trends, as well as maintaining a commitment to ongoing education and professional advancement. With the CFS certification, you will revive, nurture, and increase your knowledge base. The certification provides a comprehensive introduction to the analytical tools and skills that you need to thrive in different financial management roles. The certification provides a solid grounding in contemporary financial management concepts with a particular emphasis on the decision making tools and their application to real world problems.


CFS certification is recognised on the Scottish Credit and Qualifications Framework (SCQF) as a Level 7 qualification. The SCQF is one of the national qualifications frameworks in the UK. The CFS certification is also recognised as a Level 5 qualification in the European Qualifications Framework (EQF).

CFS Body of Knowledge



There are two entry routes to become eligible to sit for the CFS exam. Before you apply, make sure you meet either entry route A or B:


 HND/ Associate Degree/ Bachelor Degree/ IQN Diploma/ Equivalent1-year work experience


High School Diploma/ GCSE/ global equivalent school-level certificate
2-year work experience

How to complete CFS?

Step 1

First step is to complete a quick registration with us. Click here to register your interest and instantly receive your free study materials!

Step 2

You can study with one of our registered centres near your location. Alternatively, you may study independently with our prescribed study materials.

Step 3

Once your preparation is complete, you will need to sit for your computer-based MCQ exam. Our exam is available on-demand any time of the year!

Exam & Fees

In order to achieve the CFS designation, you will be required to pass an MCQ exam. Duration of the exam is 120 minutes. Exam consists of 85 MCQs (30 MCQs x 3 mark + 55 MCQs x 2 mark). Total mark is 200. You will need to get minimum 60% marks to pass the exam. If you unfortunately fail in your first exam attempt, you will be allowed up to five re-sit exam opportunities. All re-sit exams must be taken within one (1) year from your first exam attempt date.


We will provide free study materials. There is no fee payable to IQN until you sit for your exam. CFS exam fee is £149. Each re-sit exam fee is £49. Successful students are issued digital certificate and transcript at no extra cost! If any student requires hard-copy certificate and transcript, additional fees (£99) will be applicable.


Annual Maintenance and Re-certification

After successfully completing your CFS exam, you become authorised to use CFS post-nominal letters after your name. Annual Maintenance Fees (AMF) are required to maintain your CFS designation. Your first Annual Maintenance Fee (AMF) is due on the anniversary of passing the CFS exam. Subsequent AMFs are due on each anniversary date thereafter. Annual Maintenance Fee (AMF) for the year 2022 is £79. AMF may be subject to review in future years.

Maintaining your CFS 
certification is crucial to your professional growth, fluency and currency within the industry. IQN requires that you recertify by passing an online re-certification exam once every ten (10) years. This is to ensure that you maintain the same level of knowledge demonstrated in your first exam. Re-certification exam fee is £29.

Exam Preparation

Our students either study independently or attend classes arranged by registered centres. CFS Body of Knowledge (CFSBOK) and practice book are sufficient to ensure exam success. Our practice questions are important to evaluate your own progress and preparation. Survey shows that majority of our students successfully complete the certification in three to six months. However, you can take as much time as you need for your preparation.

Further Information

If you need further information about the CFS certification, please feel free to contact us. We will be more than glad to assist you!