ASMC Announces New Certified Defense Financial Manager (CDFM) Examination and Updated Enhanced Defense Financial Management Training Course
The American Society of Military Comptrollers (ASMC) announces two significant changes to its Certification and Professional Development Programs. The first is an updated Certified Defense Financial Manager Exam (CDFM) blueprint, ensuring the content of Module 1, 2, and 3 exams measure knowledge that is important and relevant to current practice within defense financial management (FM). The second is an updated Enhanced Defense Financial Management Training Course (EDFMTC). Both changes, approved by the ASMC Certification Commission, are supported by data related to the Department of Defense FM Certification Program (DFMCP) job task analysis. With these changes, undertaken through a structured, involved, and lengthy process, ASMC reaffirms its commitment to ensuring that the CDFM credential continues to represent the gold standard and the sign of distinction in defense financial management.
The new CDFM Module 1, 2, and 3 exams will be launched on September 1, 2018. However, for those who desire to take the current exams, ASMC will offer the new and current version of all three exams concurrently through December 31, 2018.
The new EDFMTC textbook (v2018a) will be available for purchase on July 1, 2018 and introduced in classrooms on October 1, 2018. The current EDFMTC textbook (v2013a) will continue to be sold and used in classrooms through August 31, 2018.
New CDFM Blueprint: ASMC has released the full updated exam blueprint on its website. The new blueprint will go into effect with the launch of the new exams on September 1, 2018.
The Certification Commission modified several competency areas defined by the test blueprints, including:
- Module 1: Removal of “Personnel Management”
- Module 1: Modification of “Management Responsibility for Internal Controls” to “Enterprise Risk Management and Internal Controls”
- Module 2: Modification of “Business Management Process Improvement” to “Strategic Planning and Organizational Performance Management”
- Module 3: Identification of the need to re-conceptualize Auditing in light of Financial Improvement and Audit Remediation (FIAR), thus giving greater attention to auditability
A timeline for the availability of the new exam and course materials, as well as the new exam blueprint, is available here.
The Module 4 – Acquisition Business Management course material and exam continue in the update process. ASMC projects the new exam and course material to be available in 2019.