Institute of Certified Construction Industry Financial Professionals (ICCIFP)

Certified Construction Industry Financial Professional (CCIFP)


Credential: Certified Construction Industry Financial Professional (CCIFP)  ANAB (ANSI) resource CA Eligible
Credentialing Agency: Institute of Certified Construction Industry Financial Professionals (ICCIFP)

Renewal Period: 3 years

The Institute of Certified Construction Industry Financial Professionals (ICCIFP), Certified Construction Industry Financial Professional (CCIFP) is for individuals in the practice of construction financial management, as well as those who directly support clients in a professional services capacity. CCIFP candidates must meet an education and/or experience requirement prior to submitting an application and meet a professional experience requirement after passing the CCIFP written exam.

More information can be found on the certifying agency's website.

Certified Construction Industry Financial Professional (CCIFP)

MINIMUM REQUIREMENTS

Attainability:    medium

Eligibility Requirements (View Details)

  • Credential Prerequisite
  • Experience: 8000 hours
  • Education: High School Diploma/GED
  • Training
  • Membership
  • Other
  • Fee

Note: This credential may have multiple options for a Service member to meet eligibility requirements. Requirements listed here are based on the minimum degree required. To view other options, see the Eligibility tab.

Exam Requirements (View Details)

  • Exam
  • Written Exam
  • Oral Exam
  • Practical Exam
  • Performance Assessment

RECERTIFICATION SUMMARY

Renewal Period: 3 years

  • Continuing Education
  • Exam
  • Continuing Education OR Exam
  • Fee
  • Other

AGENCY CONTACT INFORMATION

Institute of Certified Construction Industry Financial Professionals (ICCIFP)

100 Village Boulevard, Suite 200
Princeton, NJ  08540

Phone: 609-945-2400

Email: info@iccifp.org

All candidates who pass the CCIFP exam must have 4,000 hours of experience in construction-related activities within the last five years.

Note: The experience must be in a professional financial position for a construction contractor or as a provider of accounting and/or financial services to the construction industry. Candidates may earn the hours before and/or after passing the CCIFP exam.

Candidates must meet one of the following eligibility options prior to submitting a CCIFP certification exam application:

Option 1:

Candidates must have a bachelor's degree, or higher, from an accredited college or university, including at least 12 credit hours in business-related coursework (accounting, finance, and management). There is no experience requirement to submit an application with a bachelor's degree or higher.

Option 2:

Candidates must have an associate degree from an accredited college or university, including at least 12 credit hours in business-related coursework (accounting, finance, and management) AND 4,000 hours of experience, in a professional financial position, working for a construction company in its accounting and/or finance department, or as a provider of accounting and/or financial services to the construction industry.

Option 3:

Candidates must have a high school diploma, or GED equivalent AND 8,000 hours of experience, in a professional financial position, working for a construction company in its accounting and/or finance department, or as a provider of accounting and/or financial services to the construction industry.

The Certified Construction Industry Financial Professional (CCIFP) credential has the following other requirements:

Written Exam

  • Accounting and Reporting (30%)
    • Accounting standards and guidelines
    • Basic methods of accounting
    • Receivables
    • Costs in excess and billings in excess
    • Construction equipment
    • Subcontractor payables
    • Capitalized interest
    • Financial statements
    • Project management
    • Joint ventures
  • Income Recognition Methods (20%)
    • Financial reporting
    • Percentage-of-completion accounting method
    • Contract revenues
    • Contract costs
    • Accounting for the effects of change in estimates
    • Completed-contract accounting method
    • Independent construction audit
  • Budgeting and Planning (11%)
    • Strategic planning
    • Strategic cost management
    • Capital budgeting
    • Cash management
  • Risk Management (14%)
    • Risk management responsibilities
    • Construction-related insurance
    • Surety
  • Taxes (5%)
    • Accounting methods unique to the construction industry
    • Tax filing
  • Human Resources (6%)
    • Compensation
    • Employee benefit plans
    • Accounting/finance department administration
  • Legal (11%)
    • Preparation and review of contracts
    • Subcontracts
    • Applicable laws
    • Warranties
    • Alternatives to litigation
  • Information Technology (3%)
    • Applications for construction management

Exam Preparation Resources

There are a number of resources available to help you prepare for the Certified Construction Industry Financial Professional (CCIFP) examination:

An additional resource is O'Reilly Learning Safari Books Online, a searchable digital library that provides online access to thousands of books, training videos and conference sessions. See the Educational Resources section on the Related Sites page here on COOL to learn how to get free access.

RECERTIFICATION

Certified Construction Industry Financial Professional (CCIFP)

Renewal Period: 3 years

The Certified Construction Industry Financial Professional (CCIFP) credential has the following recertification information:

  • The ICCIFP certification is renewed every three years. Certification holders must complete 72 hours of continuing education, reaffirm the ICCIFP Code of Ethics, and pay an annual recertification fee.

    Additional information can be found on the ICCIFP website.

In Demand

This certification is considered in demand. The U.S. Department of Labor sponsored CareerOneStop's analysis indicates the certification is frequently mentioned in online job postings.

Click for external link to CareerOneStop's Credentials Center.

COOL Bucks

See your installation Education Service Officer for credential exam information and coordinating instructions.

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Some

Credential is related to some tasks associated with the duties of the military occupation (at least one critical task but less than 80%)

Most

Credential is directly related to most of the major duties associated with the military occupation (at least 80%)

Other

Credential is related to this military occupation, but is more advanced or specialized and therefore will likely require additional education, training, or experience

CA Eligible

This certification is eligible for CA.

Promotion Points

This certification has been approved for promotion points.

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Star

Star credentials are MOS enhancing, as designated by the Proponent. MOS enhancing credentials are directly related to an MOS or ASI, are taught either partially or completely as part of a Program of Instruction (POI), and improves the MOS technical proficiency.

Skill Level

The Skill Level reflects the level, based on MOS training and/or experience, the Soldier should be the most prepared to successfully earn the credential. See the Table Legend for details about each level.

Navy Bucks

Credential voucher or reimbursement for credential exam, re-certification, or maintenance fee has been approved for payment through the Navy's Credential Program Office. To get a voucher request form, click Menu at the top of any page, then click "2 Complete Voucher and Apply" under Credentialing Steps.

CG Bucks

Current Coast Guard policy states all credentials listed on CG COOL may be reimbursed assuming the enlisted service member meets the eligibility requirements as outlined in the Coast Guard Voluntary Credentialing Program Policy (COMDTINST 1540.1(series))

Early Career

1-3 years experience; Enlisted E1 through E4

Mid Career

4-10 years experience; Enlisted E5 through E6

Late Career

10+ years experience; Enlisted E7 through E9

Early Career

1-3 years experience; Enlisted “A” School through E5

Mid Career

4-10 years experience; Enlisted E6 through E7

Late Career

10+ years experience; Enlisted E8 through E9

Early Career

1-6 years experience; Officer O1 through O2

Mid Career

6-12 years experience; Officer O3 through O5

Late Career

12+ years experience; Officer O6 and Above

GI Bill®

Reimbursement for exam fees has been approved for payment through the GI Bill.

Note: GI Bill approval data is updated quarterly. For the latest information, visit the WEAMS Licenses/Certifications Search page. Make sure to select "Both" in the LAC Category Type drop-down before searching.

Click to go to the external link for GI Bill licensing and certification information.

ANAB (ANSI)

This credential has been accredited by ANAB (ANSI).

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ICAC

This credential has been accredited by ICAC.

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ABSNC

This credential has been accredited by ABSNC.

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NCCA

This credentialing program has been accredited by NCCA.

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IAS

This credential has been accredited by IAS.

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Low

May be difficult to attain: minimum education requirement is a Bachelor's degree, and/or minimum experience is 10 or more years.

Note: In some cases “years of experience” refers to time actively on duty or while holding a certain occupation or prior certification and not always in consecutive calendar years. Additional years required for certain preliminary stages may not be included in this classification. For requirements measured in hours, 1080 hours was considered a year. For days, 365 days was considered a year. Please review all prerequisites and requirements for eligibility, and additional information for details.

Medium

Moderate ease of attainment: minimum education requirement = Associate's and/or prerequisite and/or minimum experience = more than 2 years and less than 10 years of experience.

Note: In some cases “years of experience” refers to time actively on duty or while holding a certain occupation or prior certification and not always in consecutive calendar years. Additional years required for certain preliminary stages may not be included in this classification. For requirements measured in hours, 1080 hours was considered a year. For days, 365 days was considered a year. Please review all prerequisites and requirements for eligibility, and additional information for details.

High

Highly attainable: minimum education requirement = HS or less and/or minimum experience = 2 years or less experience and no additional requirements.

Note: In some cases “years of experience” refers to time actively on duty or while holding a certain occupation or prior certification and not always in consecutive calendar years. Additional years required for certain preliminary stages may not be included in this classification. For requirements measured in hours, 1080 hours was considered a year. For days, 365 days was considered a year. Please review all prerequisites and requirements for eligibility, and additional information for details.

MOS is Military Occupational Specialty
ASI is Additional Skill Identifier
WOMOS is Warrant Officer Military Occupational Specialty
AOC is Area Of Concentration Officer
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Bright Outlook – new job opportunities are very likely in the future for this job

Registered Apprenticeship

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Bright Outlook – new job opportunities are very likely in the future for this job

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Updated: July 31, 2020
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