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Becoming a Certified Aboriginal Financial Manager (CAFM)

How to become a CAFM › Admission through the AFM Educational Program

Admission through completion of the AFM educational program followed by practical work experience and successful completion of the professional exam.

These requirements are:

1. Completion of the Aboriginal Financial Management program requirements (below).
2. Minimum of two years full time practical work experience gained in an aboriginal financial management environment and verified by two sponsors, one of which must be from an Aboriginal organization. Each sponsor must be from a separate organization.
3. Successful completion of the Professional Exam.
4. Signed agreement to abide by the Standards of Ethical Conduct (included in CAFM application).

The specific steps are:

1. Send in your membership application to AFOA Canada.
2. Successfully complete the 6 Certificate Level and 8 Diploma Level Courses in the AFM Program (65% pass) including:
   1. The four on-line courses offered exclusively through AFOA Canada (AFM 4 – Strategy & Decisions; AFM 5 – Values & Ethics in the Workplace; AFM 6 – Aboriginal History & Developments; AFM 14 – Aboriginal Human & Fiscal Issues)
   2. AFM 3 Law – offered either by AFOA on-line or at an accredited post-secondary educational institution). Click here to find out where AFM courses are offered in your region.
   3. The remaining nine AFM courses offered by post-secondary educational institutions across Canada. Click here to find out where AFM courses are offered in your region.
   4. Submit Certificate level course transcripts for exemption to receive your Certificate in Aboriginal Financial Management
   5. Submit Diploma level course transcripts for exemption to receive your Diploma in Aboriginal Financial Management
3. Complete a CAFM application to write the Professional Examination and you may register for the National Examination Preparation Session
4. Upon review of your CAFM application, you will be advised if you are eligible to write the Professional Examination.
5. If eligible, you will be enrolled into the exam. If you do not meet the criteria to write the Professional Examination, you will be provided with recommendations of prerequisites prior to writing the exam.
6. Successfully complete the professional exam
7. Meet the practical experience requirements
8. Obtain Board approval
9. Receive your professional designation

AFM Educational Program

The AFM Program consists of fourteen courses leading to the Diploma in Aboriginal Financial Management, the first step in getting a CAFM designation. Four of the courses are offered only on-line through AFOA Canada. Nine courses in the AFM Educational program are delivered by AFOA accredited universities and colleges throughout Canada. One course (Law) is offered both on-line and in colleges and universities.

Certificate Level

AFM 1 - Financial Accounting Fundamentals AFM 2 - Business Communication AFM 3 - Law * AFM 4 - Strategy & Decisions ** AFM 5 - Values & Ethics in the Aboriginal Workplace ** AFM 6 - Aboriginal History & Developments**

Diploma Level Courses

AFM 7 - Managing Information Systems AFM 8 - Micro & Macro Economics AFM 9 - Financial Accounting: Assets AFM 10 - Financial Accounting: Liabilities & Equities AFM 11 - Business Quantitative Analysis AFM 12 - Management Accounting Fundamentals AFM 13 - Corporate Finance Fundamentals AFM 14 - Aboriginal Human & Fiscal Issues ** * Offered on on-line through AFOA and at accredited colleges and universities ** Offered on-line through AFOA only

How to get credit for AFM courses completed at post-secondary educational institutions across Canada – Course Exemptions

To get credit for successfully completing an AFM course offered by accredited Canadian universities and colleges, you must apply for "a course exemption". Exemption requests for courses are reviewed to see if they meet the standards set by the AFOA exemption policy.

Exemptions are based on the current Certified General Accountants (CGA) of Canada equivalency standards—those courses recognized as transfer credits towards the CGA designation are the same courses AFOA recognizes as course exemptions towards the AFM program.

In order to qualify for an exemption for AFM program courses a pass mark of 65% from an accredited course is required. Exemptions will be granted on the basis of an official transcript of grades obtained at the university or college. The transcripts are retained by AFOA.

An administrative fee of $200.00 plus GST is applied. AFOA Canada must receive payment prior to reviewing the transcript. For each additional exemption granted following the initial assessment, a fee of $10.00 plus GST per exemption is applied. The administrative fees cover the cost of transcript evaluation, liaison with post-secondary schools and professional associations, research and curriculum development.

To view a listing of the AFOA Accredited colleges and universities offering AFM courses in your region, and the courses AFOA recognizes as course exemptions towards the AFM Program, click here.