GAFM-CIFA Exam Information and Outline
Certified International Financial Analyst (CIFA)
Syllabus Update Checked on: November 10, 2026
GAFM-CIFA Exam Syllabus & Study Guide
Before you start practicing with our exam simulator, it is essential to understand the
official GAFM-CIFA exam objectives. This course outline serves as your roadmap.
The information below reflects the 2026 syllabus defined by
GAFM.
Below are complete topics detail with latest syllabus and course outline, that will help you good knowledge about exam objectives and topics that you have to prepare. These contents are covered in questions and answers pool of exam.
- Exam Format
- Online multiple-choice certification examination following the GAFM Accredited Certification Training Program (ACTP)
- Financial Statement Analysis under IFRS
- Profitability, liquidity and solvency analysis
- Corporate Finance
- Capital budgeting and cost of capital
- Equity Valuation
- DCF, dividend discount and multiples
- Fixed Income Analysis
- Bond pricing, duration and credit risk
- International Financial Markets and FX
- Exchange rate determination and hedging
- Portfolio Management
- Diversification, CAPM and asset allocation
- Ethics and Professional Standards
- Professional conduct and conflicts