CAFM National Competency Standards

AFOA's Competency Standards form the basis for the development of the curriculum used in granting credits towards the Certified Aboriginal Financial Manager Program (CAFM) certificate, diploma, and the professional designation. They are also used in assessment of practical experience and in the development of the professional CAFM Examination.

The CAFM competencies were originally developed in 1999 as basis of the CAFM curriculum. Seven years later, the role of the Indigenous financial manager had expanded, the working environment had changed and new skills and knowledge were required of Indigenous financial managers. Accordingly, in 2006 the CAFM competencies underwent a comprehensive review in conjunction with the CAFM curriculum to ensure that these issues and challenges were addressed.

A Curriculum Review Committee was formed which comprised of key stakeholders and professionals in Indigenous financial management. The Committee's recommendation was the adoption of revised CAFM Competency Standards that respond to the demands of the current Indigenous financial management environment and meet professional standards like that of the Certified General Accountants Association (CGA) of Canada.

These competencies are essential for a professional in Indigenous financial management. They have general application and apply to all types of Indigenous organizations and are used:
  • As a basis for the further development of curriculum for the CAFM program
  • To prepare candidates for the CAFM Professional Examination
  • To identify and measure practical work experience requirements
  • To develop continuing professional development services
  • To identify areas requiring professional development

Competencies have been grouped into the following core domains and sub-domains of knowledge and skills.

[Click on each sub-domain for a full list of competencies under that competency area and for information on which of the CAFM courses meet the requirements of that competency]

Technical Knowledge   
   T1 - Financial Accounting & Reporting
   T2 - Management Accounting and Performance Measurement
   T3 - Finance and Financial Planning
   T4 - Management Information Systems
   T5 - Taxation

 General Management
   G1 - Planning
   G2 - Human Resource Management
   G3 - Allocating and Managing Resources
   G4 - Communicating
   G5 - Aboriginal History and Culture
 Leadership       L1 - Organizational and Strategic Leadership
   L2 - Team Leadership and Development
   L3 - Staff Coaching and Training
 Professionalism       P1 - Ethics and Trust
   P2 - Integrative Approach
   P3 - Problem Solving
   P4 - Professional Development
   P5- Professional Self Evaluation