The requirements for admission to Certified Aboriginal Financial Manager status are: Completion of the Aboriginal Financial Management program requirements Minimum of two years full time practical work experience gained in an aboriginal financial management environment and verified by two sponsors, one of which must be from an Aboriginal organization. Each sponsor must be from a separate organization. Successful completion of the professional exam. Signed agreement to abide by the Standards of Ethical Conduct
In order to comply with these two basic concepts the following Standards of Ethical Conduct apply to the Certified Aboriginal Financial Managers (CAFM) members of the Aboriginal Financial Officers Association of Canada (AFOA). These standards serve to enhance confidence in the integrity and service of the CAFM. These Standards are not in any order of priority, rather they are to be used as required by the specifics of each situation.
Monitors the effectiveness of the MIS in relation to the organization’s business plan (e.g., advises on systems that monitor and report on organizational performance; manages or controls the organizational information system).
Assesses performance measurement requirements in the context of organizational/community objectives. (e.g., reports requirements for making purchasing cost decisions, advertising and marketing programs, human resources planning, financial ratios and documenting results in relation to work plan)
Processes financial transactions in accordance with accepted accounting concepts, principles, and standards. (e.g., revenue and expense recognition; amortization of leaseholds; foreign exchange transactions; disposals, exchanges and retirements of capital assets; accounting for grants, subsidies, contributions, and loans, recording and administration of real property taxation laws and public debt financing, recording and administration of real property related transactions)
AFOA's Competency Standards form the basis for the development of the curriculum used in granting credits towards the Aboriginal Financial Manager Program (AFM) certificate, diploma, and the professional designation. They are also used in assessment of practical experience and in the development of the professional CAFM Examination.
Any student registering for an AFOA online course for the first time will be permitted to register for only one course in the first semester. Students may only register for multiple courses in subsequent semesters at the discretion of AFOA, however, in such cases it remains strongly recommended for students to register for only one course per semester as AFOA is aware of the challenges students face while balancing their personal and professional lives while taking AFOA courses.