AICPA CAS CFO Financial II Course | 14.5 CPE
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Step 2 of the AICPA CFO finance pathway
Looking for an advanced CFO course in business valuation, acquisitions and financial risk? AICPA & CIMA CAS CFO Financial II is a 14.5 CPE online self-study course covering business valuation and CAPM, the acquisition process from bid to post-deal value, capital structure and debt instruments, equity finance and flotation, dividend policy, lease-versus-buy decisions, and currency and interest rate risk management. It is the second course in the CFO finance pathway, with CAS CFO Financial I as the official prerequisite. Eduyush is an official AICPA & CIMA channel partner, listed on the AICPA & CIMA website, with checkout in your regional currency.
Official AICPA & CIMA course · 14.5 NASBA CPE · Business Management & Organization · Intermediate · Prerequisite: CFO Financial I · 1-year access · Closed-captioned
Key takeaways
- What it is: CAS CFO Financial II (product number CASBUNCFOFII22SSO), the advanced course in the AICPA Client Advisory Services CFO track
- CPE value: 14.5 CPE credits, NASBA field of study: Business Management and Organization
- Skills: Valuation, M&A, capital structure, financial policy and treasury risk — the strategic side of the CFO role
- Prerequisite: CAS CFO Financial I, per the official AICPA & CIMA listing
- Format: Online, self-paced, closed-captioned, 1 year of access from purchase
- Full pathway: 34 CPE across CFO Financial I (19.5) and CFO Financial II (14.5)
What is the AICPA CAS CFO Financial II course?
CAS CFO Financial II is an AICPA & CIMA online course that teaches the advanced corporate finance decisions a CFO owns: what the business is worth, how to buy another business and actually capture the value, how to fund growth through the right mix of debt and equity, what dividend policy shareholders need, and how to manage currency and interest rate exposure. AICPA & CIMA position it as building expertise in advanced financial topics for financial leadership roles.
It is the second step after CFO Financial I, which covers funding, cost of capital, costing and risk foundations. Financial II is CPE learning, not a regulated CFO designation.
The CFO decisions this course prepares you for
Financial II is built around the high-stakes questions boards, founders and investors put to a CFO or virtual CFO.
| Board or founder question | Course topic that answers it |
|---|---|
| What is our business worth to an investor or buyer? | Factors driving investor perception of value; valuation using CAPM and cash-based methods |
| Should we acquire this company — and how do we make the deal pay off? | Bidding, completing an acquisition and post-acquisition steps to achieve expected value |
| Should we raise debt or equity, and which instrument? | Criteria for selecting debt instruments, target debt profile, equity finance types and flotation |
| How much should we pay out in dividends? | Dividend policies that meet shareholder needs and expectations |
| Should we lease or buy this asset? | Lease-versus-buy decision analysis |
| How do we protect margins from exchange-rate and interest-rate moves? | Currency risk and interest rate risk management instruments |
Official course facts
| Course item | Verified detail |
|---|---|
| Official title | CAS CFO Financial II |
| Product number | CASBUNCFOFII22SSO |
| Provider | AICPA & CIMA |
| Format | CPE self-study, online, closed-captioned |
| CPE credits | 14.5 CPE |
| NASBA field of study | Business Management and Organization |
| Level | Intermediate |
| Prerequisite | CAS CFO Financial I |
| Official audience | CAS professionals |
| Access | 1 year from purchase date |
| Official source | AICPA & CIMA CAS CFO Financial II page |
The CFO Financial pathway: Financial I, then Financial II
CAS CFO Financial I builds the funding, cost of capital, costing, value chain and risk foundation. Financial II applies that foundation to valuation, acquisitions, capital structure and treasury risk. Each course has its own one-year access period, so many learners buy them together and complete them back to back.
| Pathway stage | CPE | Prerequisite | Focus |
|---|---|---|---|
| CAS CFO Financial I | 19.5 | None | Funding, cost of capital, costing, value chain, risk, pricing |
| CAS CFO Financial II (this course) | 14.5 | CFO Financial I | Valuation, acquisitions, capital structure, financial policy, currency and interest rate risk |
| Complete CFO Financial pathway | 34 | — | Take Financial I first |
What you learn: business valuation, M&A, capital structure and treasury risk
If you have been searching for a business valuation course for accountants, an M&A course with CPE, or a currency risk management course, this course covers those topics in one CFO-focused program. AICPA & CIMA list these key topics: business valuation, acquisitions, capital structure, lease versus buy, debt securities issuance, financial policies, risk management, currency risk management and interest rate risk management.
Business valuation and CAPM
What drives investor perception of value, cash-based valuation, and valuing a business with the capital asset pricing model.
Acquisitions and value capture
Bidding, completing a deal and the post-acquisition steps needed to achieve the expected value.
Capital structure and debt
Selecting debt instruments, evaluating a target debt profile and debt securities issuance.
Equity finance and dividend policy
Types and sources of equity, flotation methods, maximising shareholder wealth and setting dividend policy.
Financial policy and scenarios
Financial and nonfinancial objectives, external influences on financial policy and financial scenario types.
Currency and interest rate risk
When and how to use currency and interest rate risk management instruments to achieve certainty.
Official learning outcomes, mapped to workplace use
| Official learning outcome | How a finance professional uses it |
|---|---|
| Identify factors that may influence an investor's perception of business value | Frame valuation conversations with owners, boards, investors or acquirers. |
| Evaluate business value using the capital asset pricing model (CAPM) | Put a defensible number on value when advising on a fundraise or sale. |
| Apply the process of bidding and completing an acquisition, and post-acquisition steps | Guide a client or employer through a deal and integration so value is realised. |
| Evaluate dividend policies that meet shareholder needs and expectations | Balance distributions with reinvestment and shareholder expectations. |
| Analyse criteria for selecting appropriate debt instruments | Recommend a debt profile that fits risk appetite and cash flows. |
| Analyse types and sources of equity finance, methods of flotation, and valuation beyond acquisitions | Advise on equity raises, listings and valuations for funding rounds or restructures. |
| Evaluate external influences on financial policy decisions | Adjust financing and payout policy for markets, regulation and lenders. |
| Identify categories, sources and types of financial scenarios | Build scenario analysis into board papers and forecasts. |
| Distinguish when and how to apply currency risk management instruments | Reduce exchange-rate exposure for importers, exporters and cross-border groups. |
| Apply interest rate risk management instruments to achieve certainty | Stabilise borrowing costs on floating-rate debt. |
Advanced CFO and valuation courses compared: which one fits your goal?
"Best advanced CFO course" depends on whether you need practical decision skills, a full credential or controllership depth. Here is where CFO Financial II sits.
| Option | Primary focus | Best for |
|---|---|---|
| CAS CFO Financial II (this course) | Valuation, M&A, capital structure, financial policy, treasury risk | Finance leaders and CAS advisors who have completed CFO Financial I |
| CAS CFO Financial I | Funding, cost of capital, costing, value chain, risk, pricing | Anyone starting the CFO track — the prerequisite for this course |
| Controller 1 Bundle | Budgeting, forecasting, variance analysis, costing | Senior accountants moving into controllership |
| Controller 2 Bundle | Consolidation, foreign currency reporting, benchmarking, transfer pricing, digital transformation | Controllers heading into senior reporting roles |
| Valuation or CFA-style qualifications | Exam-based investment and valuation credential | Those moving into investment, valuation or deal advisory careers, with a multi-year commitment |
| Executive CFO or MBA programs | Leadership, strategy and networking | Senior leaders with a larger time and budget commitment |
For a wider comparison, read our guide to the best CFO courses or browse the CAS virtual CFO and strategic finance collection.
Who should take CAS CFO Financial II?
The official audience is CAS professionals. Based on the curriculum, it also fits these learners once they have completed CFO Financial I:
| Learner profile | Fit | Typical workplace use |
|---|---|---|
| CAS professional (official audience) | Strong fit | Advising clients on valuation, funding mix, acquisitions and risk. |
| Virtual or fractional CFO | Strong fit | Helping founders with fundraising valuations, debt choices, dividends and FX exposure. |
| Controller moving toward CFO | Strong fit | Adding valuation, capital structure and financial policy beyond routine controllership. |
| Finance manager in a cross-border group | Good fit | Preparing funding proposals, acquisition notes and currency or interest-rate hedging recommendations. |
| Chartered Accountant or ACCA in industry or advisory | Good fit | Adding a recognised U.S. CFO-track credential for strategic finance roles in India, the GCC and beyond. |
| Learner who has not done CFO Financial I | Prerequisite first | Start with CFO Financial I, the official prerequisite. |
What this course is — and is not
| This course is | This course is not |
|---|---|
| Professional self-study CPE education from AICPA & CIMA | A regulated CFO certification, designation or job title |
| 14.5 NASBA CPE credits in Business Management and Organization | A CPA licence, valuation licence or university qualification |
| The advanced, second step of the CFO finance pathway | A starting point — CFO Financial I is the prerequisite |
| Intermediate-level learning for experienced finance staff | A beginner introduction to corporate finance |
| AICPA & CIMA content, sold through Eduyush | Eduyush-created course content |
Quick decision guide
- Choose CFO Financial II if you have completed CFO Financial I and need valuation, acquisitions, capital structure and treasury risk skills.
- Start with CFO Financial I if you have not yet completed it — it is the official prerequisite.
- Choose a Controller course instead if your priority is budgeting, forecasting, consolidation or financial statement analysis.
- Ask Eduyush to compare the CFO, Controller and CAS CVO pathways for your role.
Why buy CAS CFO Financial II through Eduyush?
Verified AICPA & CIMA channel partner. Eduyush is listed on the official AICPA & CIMA Channel Partners – India page, so you can check our partner status directly on the AICPA & CIMA website before you buy.
Eduyush is an official AICPA & CIMA channel partner serving learners in India, the UAE and GCC, Mauritius, Australia and worldwide. Prices show in your regional currency at checkout, and our team processes your enrolment so the activation email arrives directly from AICPA within 1–2 working days.
Eduyush support includes
- Checkout in your local currency, with regional pricing where available
- Enrolment handled by the Eduyush team — AICPA activation email within 1–2 working days
- Help planning CFO Financial I and II together, or alongside Controller and CAS CVO courses
- Activation and access guidance after purchase
- Support for firms and teams enrolling several staff
FAQs on the AICPA CAS CFO Financial II course
What is a good business valuation course for accountants?
For accountants and finance leaders who want practical valuation skills inside a CFO context, AICPA & CIMA CAS CFO Financial II is a strong option. It gives 14.5 CPE covering investor perception of value, CAPM-based valuation, acquisitions, capital structure, equity finance and dividend policy. It requires CFO Financial I first.
Is CAS CFO Financial II an official AICPA & CIMA course?
Yes. It is listed on the official AICPA & CIMA website as a CPE self-study online course with 14.5 CPE credits, intermediate level, Business Management and Organization field of study, 1-year availability and product number CASBUNCFOFII22SSO.
Is CFO Financial I required before CFO Financial II?
Yes. The official AICPA & CIMA course page lists CAS CFO Financial I as the prerequisite. Financial II builds on Financial I's funding, cost of capital and risk foundations, so learners who have not completed it should start there.
Does CFO Financial II cover mergers and acquisitions?
Yes. Acquisitions is an official key topic. The course covers the process of bidding for and completing an acquisition, and the post-acquisition steps needed to make sure the expected value is achieved.
Does the course cover foreign exchange and interest rate risk?
Yes. Currency risk management and interest rate risk management are both official key topics. You learn when and how to apply currency risk instruments, and how to use interest rate risk instruments to achieve certainty on borrowing costs.
Can a Chartered Accountant or ACCA take this course?
Yes. There is no U.S. residency, CPA licence or AICPA membership requirement — only completion of CFO Financial I. CAs and ACCAs in industry or advisory use the CFO pathway to build strategic finance skills, and Eduyush processes enrolments with checkout in local currency.
Does CFO Financial II make me a certified CFO?
No. It is professional CPE education from AICPA & CIMA. It does not award a regulated CFO designation, job title, CPA licence or university qualification.
Does CFO Financial II include a digital badge?
The current AICPA & CIMA product page for CFO Financial II does not list a digital badge. Contact Eduyush before purchase if a badge matters for your goal and we will confirm the current position with AICPA & CIMA.
How do I complete the course — is there a final exam?
There is no invigilated or exam-centre test. You work through the online modules at your own pace and complete the self-assessments built into the course. Once you finish, your 14.5 CPE credits are recorded.
Is CFO Financial II better than Controller 2?
They serve different roles and can complement each other. Choose CFO Financial II for valuation, funding, acquisitions and treasury risk decisions. Choose Controller 2 for consolidation, foreign currency reporting, financial analysis, benchmarking, transfer pricing and digital transformation.
How long do I have access, and how long does it take?
You have 1 year of access from purchase, and the course is self-paced. As an Eduyush planning estimate, most learners budget 15 to 25 hours including assessments, based on roughly one hour per CPE credit plus review time.
Is Eduyush an authorised AICPA & CIMA partner?
Yes. Eduyush is an official AICPA & CIMA channel partner and is listed on the AICPA & CIMA Channel Partners – India page at aicpa-cima.com. Your enrolment is processed through AICPA & CIMA, and the activation email comes directly from AICPA.
How soon do I get access after buying through Eduyush?
After you enrol through Eduyush, our team processes the enrolment and the activation email comes directly from AICPA within 1 to 2 working days. This is a digital product, so nothing is shipped.
Last verified: Course facts checked on 14 October 2026 against the official AICPA & CIMA product page. Learners should confirm access, CPE eligibility and availability before purchase.
