The Exam

Finance Operations Manager Certification – Exam Framework

Exam Format Overview

Total Questions: 120

Format: Online, mixed-format questions

Duration: 120 minutes (2 hours)

Minimum Passing Score: 80% (90% or more earns distinction)

Scoring Model: Compensatory (no section minimum, overall score determines pass/fail)

Attempt Limit: 3 attempts per year

Tools Allowed: On-screen calculator, scratchpad

Question Types:

Multiple Choice (MCQ)

Multi-select

Scenario-based case questions

Exam section weighting

The Finance Operations Manager Certification exam is structured to reflect the real-world responsibilities and risk areas overseen by senior finance operations professionals. Each section is weighted according to its relative importance in ensuring strong financial governance, operational excellence, and strategic oversight across the finance function.

Governance & Compliance (25%) This is the foundation of all finance operations. It covers internal controls, regulatory requirements, SOX, and risk management—core competencies that safeguard the organisation and ensure reliable financial reporting.

Accounts Receivable Operations (20%) AR performance directly affects cash flow, working capital, and customer relationships. This section evaluates operational accuracy, controls, credit management, and process optimisation.

Accounts Payable Operations (20%) AP drives cost control, supplier relationships, and fraud prevention. The weighting reflects the critical role AP plays in operational efficiency and financial integrity.

General Ledger & Financial Close (15%) The GL is the centre of financial reporting. This area tests candidates’ ability to ensure accuracy, timeliness, and governance throughout the close cycle.

Technology & Automation (10%) Modern finance functions rely heavily on ERP systems, automation, and digital tools. This section assesses competency in leveraging technology to improve accuracy, efficiency, and compliance.

Strategic Leadership (10%) Finance Operations Managers must lead teams, drive improvements, influence stakeholders, and support strategic objectives. This weighting reflects the leadership expectations of the role.

Advanced Governance, Audit & Treasury (10%) This section brings together higher-level financial oversight, audit readiness, treasury controls, and enterprise-level risk management—key competencies for senior operational leaders.

Retake policy

Enrolees receive 3 attempts to pass the CFOM exam included with the initial enrollment fees, outlined below are the enforced time gaps between attempts.

24 hour wait after attempt 1

2 day wait after attempt 2

Max 3 attempts in 12 months

Note: each attempt uses a new randomised item pool

Quick Exam Facts

Exam Preparation

You must prepare for the CFOM exam with the self-paced online course developed by The Institute of Financial Operations and Leadership (IFOL).

The Certificate

Upon successfully passing an exam, you will be asked to provide your mailing address which we will use to post your official certificate recorded delivery service. It may take up-to 14 days for the certificate to reach you depending on your location, however in the meantime you will have immediate access to your digital certificate and credential which can be easily attached to your professional LinkedIn profile.