Hi all,I am in the beginning stages to prep for my CCIFP exam. There are so many resources, the CCIFP Overview Seminar....The Book, the Building Profits magazines, the study guide... I am not sure where to start. It all seems overwhelming, and I know those are all great resources. Does anyone have any advice on where to start initially? I am not even sure what to study exactly.I would like to find a study group, but I am not sure if there are any local ones.Thanks,
I strongly urge you to prepare for the exam. I agree with previous comments that the CCIFP Overview Seminar is valuable as and will show you the areas you need to concentrate on. Study Groups are also great if you have one available. The Colorado Chapter has been a leader in this approach.
When I took the exam, I self-assessed what knowledge domains I had experience with as opposed to those I did not. For those that I did not, I studied the related chapters in the Book.
Becoming a CCIFP will expand your professional knowledge and greatly enhance your credibility. I applaud your effort and wish you success with the exam.
18 months ago the board of ICCIFP revised the exam retake policy reducing the waiting period from 6 months to 2 weeks and the retake fee from $600 to $300. The intent of this revision was to encourage more people to take the exam without overly penalizing unsuccessful attempts. Yes, it can be very overwhelming to study for the exam and the average person spends about 40 hours of prep time. However, CFMA has done an excellent job with the newest overview course/study guide so preparation has never been easier than it is now.
That being said, depending on the test-taker's knowledge level and experience, it's very possible to take the exam cold and pass it. If you are unsuccessful, the worst case is you pay a $300 retake fee, wait 2 weeks and reschedule your exam at any of 500 testing centers nationwide. In the meantime, there are excellent CFMA resources to target the areas where your knowledge was insufficient.
Chuck Elyea, CCIFP
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