Step 2: Prepare for Examination

//Step 2: Prepare for Examination
Step 2: Prepare for Examination 2018-12-07T19:22:47+00:00

The new 2018 CDFM Module 1, 2, and 3 exams are now available! Both the “old” and “new” examination forms for Modules 1, 2, and 3 will remain available and run concurrently through December 31, 2018. Passed exams are good for 4 years regardless of the version.

See the visual timeline below:

ASMC Textbooks

The textbook used in ASMC’s Enhanced Defense Financial Management Training Course (EDFMTC) provides extensive information on all the competency areas addressed in the Module 1, 2, and 3 CDFM exams. The textbook used in ASMC’s Module 4 Acquisition Business Management Course—the “Module 4 Addendum”—provides detailed information on the competency areas addressed in the Module 4 CDFM exam. View more information on ASMC textbooks here.

As a courtesy to individuals interested in taking a certification examination, ASMC has provided a list of suggested reference sources for examination preparation. ASMC does not endorse any specific person, product, resource, or service as a means of preparing for or achieving certification. Candidates are encouraged to plan their own course of study by reviewing the examination specifications, identifying any areas of weakness, and securing the necessary resources to adequately prepare for the examination.

ASMC Textbooks

The textbook used in ASMC’s Enhanced Defense Financial Management Training Course (EDFMTC) provides extensive information on all the competency areas addressed in the Module 1, 2, and 3 CDFM exams. The textbook used in ASMC’s Module 4 Acquisition Business Management Course—the “Module 4 Addendum”—provides detailed information on the competency areas addressed in the Module 4 CDFM exam. View more information on ASMC textbooks here.

DoD Financial Regulations

In addition to specific, official documented references (these are the source documents for the examination questions), other supplemental study materials are recommended. As you work through the different competency areas, you may find the majority of references are already somewhat familiar to you. Most prevalent are the DoD Financial Regulations, better known as FMRs. Don’t forget to review Volume 1 of the FMR for definitions. The FMRs are all downloadable for free here.

OMB Circulars

Another common reference is the OMB circular. These are also easy to download at https://www.whitehouse.gov/omb/circulars. All of the original legal citations from 10 US Code and 31 US Code are available through the fiscal law section or by going directly to http://uscode.house.gov. Simply enter the title (i.e., Title 10 or Title 31) and section number, and the search engine will provide the text.

DoD Publications

All DoD publications, instructions, directives, manuals, etc., are available at https://www.defense.gov/Resources/Forms-Directives.

DoD Green Book, Red Book, and Yellow Book

The DoD Green Book (Standards for Internal Control of the Federal Government), Red Book (Principles of Federal Appropriations Law), and Yellow Book (Generally Accepted Government Auditing Standards) are available at https://www.gao.gov.

Army Cost Analysis Manual

The Army Cost Analysis Manual, which covers common cost estimating topics, and is available at www.dtic.mil/docs/citations/ADA422737.

ASMC does not endorse any specific person, product, resource, or service as a means of preparing for or achieving certification.

ASMC’s Enhanced Defense Financial Management Training Course (EDFMTC)

The EDFMTC is a 5-day, 40 hour intensive review of DoD financial management taught all over the world, typically on U.S. military bases. It was developed in the year 2000 with the goal to broaden the students’ overall understanding of defense financial management. The course content is presented in 3 sections that correspond to the 1, 2, and 3 CDFM exam modules and knowledge areas.

The course is highly regarded by DoD and has been aligned to the DoD Financial Management Certification Program. There are centrally-funded courses provided by DoD as well as “overflow” courses available from ASMC licensed providers for those who are not eligible for a centrally-funded course. View more information on the EDFMTC here.

ASMC’s Module 4 Acquisition Business Management Course

ASMC provides a 2-day training course emphasizing the Defense Department’s approach to acquisition of major systems. The course provides an overview of the defense acquisition system, review and approval procedures, milestones, and program management terms. The course has been aligned to the DoD Financial Management Certification Program. View course availability and information on hosting a Module 4 Course at your location here.

ASMC’s CDFM Module Refresher Courses

ASMC offers 2-day individual module refresher courses that focus on one module area at a time and follow the format of the EDFMTC textbook. These courses have been aligned to the DoD Financial Management Certification Program. View more information on Refreshers here.

ASMC’s Fiscal Law Courses

ASMC offers 1, 2, and 3 day fiscal law courses. These courses are available for chapters or organizations to sponsor. ASMC’s fiscal law courses are aligned to the DoD FM Certification Program. View more information on fiscal law courses here.

DoD’s Resource Management Universities and Schools

Selected elements of the curriculum at these educational institutions, such as the Defense Financial Management and Comptroller School at Maxwell AFB, the Syracuse University Defense Comptrollership Program, the Defense Resource Management Institute, the Defense Acquisition University, and the Naval Postgraduate School, will contribute to preparation for the examinations.

Group Study at Local ASMC Chapters

Contact your local chapter president or program committee chair for details.

To become familiar with the content areas on the examinations, candidates should refer to the examination specifications provided below. Candidates are encouraged to review the specifications to assess their level of knowledge in each of the content areas and identify the areas in which they believe they need additional preparation.

If you plan to take any of the “old” exams, please use the blueprints in the following links:

If you plan to take any of the new 2018 Module 1-3 exams, please use the blueprint found here.

The CDFM exams are closed book, proctored exams, designed to evaluate candidates seeking professional certification in the field of defense comptrollership. Each of the 4 examination modules contains 80 multiple-choice items, and candidates are allowed 2 hours to complete each exam. The exams may be taken in any order, and a candidate must take and pass Modules 1, 2, and 3 within a 4-year time frame to earn CDFM certification. Module 4 must also be taken and passed in order to earn the CDFM-A designation.

Job Task Analysis and Content Validation

A job (task) analysis defines the current knowledge, skills and abilities that must be demonstrated by defense financial managers for successful and competent practice in this role. In accordance with applicable testing industry standards, these competencies have been validated utilizing surveying and focus group methodologies, according to frequency and importance. All decisions regarding the content of the examination are made by appropriate subject matter experts. That is, ASMC uphold stringent guidelines for the construction and implementation of the examination development and administration process, which is governed by ASMC’s Certification Commission (CC). The CC is comprised of experienced and highly-qualified DoD financial management professionals working in various industry practice settings.

The design of the examinations is set forth in the examination specifications provided below, which define the competency areas (domains) and subdomains covered on the examinations, as well as the approximate percentage of examination items covering each competency area.