CIFM Exam Information and Outline
Certificate in Financial Modelling
Syllabus Update Checked on: October 30, 2026
CIFM Exam Syllabus & Study Guide
Before you start practicing with our exam simulator, it is essential to understand the
official CIFM exam objectives. This course outline serves as your roadmap.
The information below reflects the 2026 syllabus defined by
AIWMI.
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 assessment with practical modelling and multiple-choice components
- Excel for Financial Modelling
- Functions, lookup and logical formulas, data tables, scenario manager
- Modelling best practices and model structure
- Three-Statement Modelling
- Historical analysis and assumptions
- Income statement, balance sheet and cash flow integration
- Supporting schedules: revenue, working capital, fixed assets, debt
- Valuation Models
- DCF valuation and WACC
- Comparable company analysis
- Transaction Models
- M&A and LBO model basics
- Project Finance Modelling
- Sensitivity and Scenario Analysis
- Model Auditing and Presentation