Why CFPS™

The CFPS™ Certification is a strong proof of your readiness for handling more advanced accounting tasks in banks, F&A BPO companies and accounts departments of large organizations.

How Does CFPS™ Work?

CFPS™ covers contemporary accounting practices related to receivables and payables management; financial statements preparation; accounting information processing and even basic accounting analysis. In addition, aspects of team-playing, conflict management; peer-group leadership and professional effectiveness communication and professional etiquette are also stressed.

Though practical work experience can never be replaced, the levels of knowledge and acumen assessed during the CFPS™ examinations do typically match those of Finance & Accounting professionals who have worked at least for 1 year in such functions or roles. If you have already earned the BCI CFPA™ qualification, you are exempted from taking the CFPS™ certification examination.

CFPS™ Benefits

Global Recognition

CFPS™ has emerged as the most preferred international qualification for professionals and executives handling processing of documents, data and information on finance and accounts. The fact is that finance & accounting BPO organizations and also large companies and government organizations worldwide feel more confident working with CFPS™ professionals who are in the elite international league of high-performers – well trained in their craft and work domain

Career Advantage

CFPS™ qualified professionals, enjoy the international qualification advantages in their careers and become globally mobile resources with high salaries and perks.

CFPS™ professionals manage to deliver more and better in their jobs in large organizations thanks to their wider and deeper perspective built through a proven exposure, experience and success in handling the most challenging roles related to various dimensions of accounts processing tasks involving technology and process knowledge.

Employer Benefits

CFPS™ qualified professionals prove precious assets for their employers not only because they tend to raise the bar for performance, productivity and service quality, but also because, they infuse new professional energy in the workplace and help make the work-culture and environment global.

Jobs can CFPS™ prepare you for?

  • Frontline associates/ agents in Finance & Accounting BPO companies
  • Accounts Assistants in Accounting departments of all types of organizations
  • Entry-level executives/ representatives in banks

Who Should Get CFPS™ Certified?

  • Individuals who desire to leap into the bigger league of employers but who are currently working in small outfits and setups as accounting agents, executives, representatives, or F&A agents in small BPO companies; collection centers and similar organizations offering services to their clients related to accounts processing work.
  • Individuals currently working in small offices as accounting executives, but who now desire to grow into officers or executives in the accounts departments of large companies or who want to now work in F&A BPO organizations.
  • Professionals already working as F&A agents in BPOS or in the accounts offices of companies, banks or government and who now want an international qualification in finance & accounts processing.

CFPS™ Critical Areas of Professional Knowledge & Competence

Codes Assessment Components
A1
CFPS™ Domain Knowledge
1. Trends & Developments in Business Process Outsourcing
  • Trends in Business Process Outsourcing
  • Developments in Business Process Outsourcing
2. Principles & Techniques of Professional Effectiveness Enhancement
  • Increasing Professional Effectiveness Through Personal Image & Brand
  • Enhancing Productivity through Effective Time management
  • Enhancing Professional Effectiveness Through Performance Planning
  • Managing Interpersonal Relationships & Conflicts
  • Increasing Professional Performance through Effective Stress Management
  • Managing Personal & Professional Growth
3. Knowledge about Finance & Accounting Processing Tasks & Activities
  • Contemporary Finance & Accounting BPO domain
  • Underlying Principles & Techniques of Contemporary Finance & Accounts
  • Knowledge about Commonly Outsourced Finance & Accounting Tasks and Activities
  • Metrics in Finance & Accounting Services Delivery

Certification Validity

The CFPS™ certification is valid exactly for three years from the date of award. Since, the BCI standards evolve in tandem, all CFPS™ certified individuals are required to either recertify or upgrade to the new level. You should apply for recertification at least 8 weeks prior to the date of expiry of your CFPS™ certification.

Upgrade to CBTS™

You can upgrade to the specialist level BCI qualification the CBTS™ - Certified BPO Team-Lead Specialist – minimum 24 months after attaining your CFPS™ Certification. The following trends internationally may just help you take a better decision:

  • After their first recertification, a majority of CFPS™ certificants in Asia choose to upgrade to CBTS™ rather than recertify for the second time, because the CBTS™ begins suiting such professionals more third year onwards of their career as they move toward team lead or supervisory roles.
  • Many CFPS™ certificants choose to do both: recertify their CFPS™ to keep their qualification alive; and also upgrade to CBTS™ to prepare for a possible supervisory role sooner than later.

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