Certified Fiscal Dynamics Analyst - CFDA™

Certified Fiscal Dynamics Analyst - CFDA™

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Certification Overview

Financial analysts — also called securities analysts and investment analysts — are professionals who collect, monitor, and evaluate information to make forecasts and recommendations relevant to their sectors.

Additionally, they can do accounts and prepare financial statements, do auditing, or assess taxes. Cost accountancy is another segment where a financial analyst can excel. Some financial analysts are hired to do special company work or investigate and ascertain the financial position of business house for the purpose of issue of new shares, purchase or sale or financing of business, etc. Secretarial work in companies, account management and share valuation, etc are some other works for financial analysts.

Those who become financial analysts are often employed in companies such as:

  • Banks
  • Financial planning institutions
  • Investment advisory firms
  • Portfolio management providers
  • Insurance companies
  • Government regulatory firms

The Certified Fiscal Dynamics Analyst - CFDA™ is a foundational credential awarded by ITQMA to professionals who have demonstrated core competency in project frameworks


Exam Code: CFDA™-002

Exam Information

The exam comprises of 40 Multiple Choice Questions out of which the candidate needs to score 70% (28 out of 40 correct) to pass the exam.

The total duration of the exam is 1 hour (60 Minutes).

  • The exam is conducted in AI-proctored mode and can be taken anytime, anywhere within an eight-month validity period.
  • Upon purchasing the Premium Package or an Exam Voucher Code, a voucher code with two attempts will be assigned to your login profile under the "My Vouchers" tab. You can then take the exam through the "My Exam(s)" tab in your profile. To take the exam, simply apply the voucher code.

  • The Exam Voucher included in the Premium Package or purchased separately is valid for two (2) attempts. If you are unable to pass the exam within these two attempts, you can purchase a new voucher code, which will grant you an additional two attempts.
  • Kindly Note: The voucher will not be valid for a second attempt if you pass the exam on your first attempt.

The CFDA™™ Certificate is valid for life.

CFDA™™ is a trademark of ITQMA.

Note: CFDA™™ Certification has no pre-requisites.

Course Outline

Module Information - 1

  • Module 1 - Performance Management
  • Module 2 - Fundamentals of Finance
  • Module 3 - Key Analytical Tools and Concepts
  • Module 4 - Developing Predictive and Analytical Models
  • Module 5 - Building Analytics Capability
  • Module 6 - Communicating and Presenting Financial Limitation
  • Module 7 - Business Performance Management
  • Module 8 - Dashboards and Key Performance Indicators

Module Information - 2

  • Module 9 - Institutionalizing Performance Management
  • Module 10 - Measuring and Driving
  • Module 11 - The External View
  • Module 12 - Business Projections
  • Module 13 - Budgets, Operating Plans and Forecasts
  • Module 14 - Long-Term Projections
  • Module 15 - Revenue and Gross Margins
  • Module 16 - Operating Expenses and Effectiveness

Module Information - 3

  • Module 17 - Capital Management and Cash Flow: Working Capital
  • Module 18 - Capital Management and Cash Flow: Long-Term Assets
  • Module 19 - Risk, Uncertainty, and the Cost of Capital
  • Module 20 - Capital Investment Decisions: Introduction and Key Concepts
  • Module 21 - Capital Investment Decisions: Advanced Topics
  • Module 22 - Business Valuation and Value Drivers
  • Module 23 - Analysis of Mergers and Acquisitions

Target Audience

Financial analysts have ample job opportunities with insurance companies, banks, securities firms, pension and mutual funds, etc. As the fundamental skill of financial analysts is to assist customers in the investment process, they can even have their own office and operate independently and develop a sound customer base.

Certified Fiscal Dynamics Analyst - CFDA™ are trademarks of ITQMA (IT Quality Management Association). All rights reserved.