Corporate Finance and Debt Advisory (CFDA)

Professional Qualifications

Corporate Finance and Debt Advisory (CFDA)

Level 6 Corporate Finance and Debt Advisory provides comprehensive insight into a range of analytical tools and techniques surrounding capital markets and the debt finance landscape. The course will enable you to ensure multi-national corporate clients meet their financial needs.

Two women in a classroom

About the qualification

CFDA is aimed at individuals who currently work in, or aspire to work with major corporates in the high value £250 million + sales turnover bracket. Individuals will be familiar with, or wish to explore the capital markets and debt finance landscape and how these can be accessed by large and multi-national corporates. 

This course also explores the role of Debt Advisory with the bank or allied finance provider to ensure that the financing align with the client’s strategic plans. Underpinning the whole course is an analysis of risk from the perspective of the corporate.

Benefits for you

  • Gain advanced knowledge of debt finance instruments and the debt advisory function
  • Become recognised for your expertise as a trusted adviser to major corporates
  • Achieve an industry recognised qualification

Benefits for your employer

  • Gain better client outcomes
  • Add value to your organisation with trained staff
  • Support your staff with their professional development

Key information

  • Two study sessions per year in November and May
  • Comprehensive online study materials are provided
  • Tutor supported
  • Assessed through a coursework assignment and written examination
  • Contributes to achievement of Chartered Associate status


CFDA consists of one unit.

Unit 1 - Corporate Finance and Debt Advisory


  • Analysis and interpretation of financial information to inform and justify the choice of debt finance facilities
  • Evaluation of free cash flow and the principal factors that drive shareholder value
  • Assessment of the relevance of capital structure and its impact on the cost of capital
  • Analysis of key financial ratios in order to determine the ability of a company to service and repay its debt
  • The various types of financial and non-financial risk faced by major corporates
  • Identification of financing requirements in response to key developments such as acquisitions, disposals and corporate restructuring
  • The role of Debt Advisory in ensuring financing plans align with the corporate’s business strategy

CPQ DipFA testimonials
I thought the course was well structured and involved three major tasks to provide a more rounded approach to what an adviser actually does. The coursework and factfind preparation are absolutely central skills to develop. Daniel Blandford, IFA -MK Financial Planning


Your registration fee includes the following study support:

  • Tutor support
  • Online access to learning materials
  • Exemplar papers
  • Webinars and learning activities including e-quizzes
  • Study planner
  • Access to online forum

360 study hours are recommended. The course is studied over a six month session.


The unit will be assessed through:

  • One three hour written examination
  • One coursework assignment of 3000 words

To pass the unit you must achieve the minimum pass mark of 50% of the marks available within each part.

View information on examination booking and venues.



Frequently Asked Questions

The registration fee includes the study text, in both book and PDF format*, the first sitting of your examination and/or coursework and online access to the MyLIBF area of the website.

*The Certificate for Specialists in Demand Guarantees (CSDG®) study text is not currently available online.   

In line with our charitable objectives, we make means-tested bursaries available to students studying our qualifications.

You can find out more information about the bursaries we offer here.
If you would like to apply for a bursary, please email our Student and Customer Services team or call them on +44 (0)12 2781 8609. Please ensure that you have details of the qualification you intend to study when contacting us. 

If you find that the qualification you have registered for is not appropriate to your needs, you may cancel it. A full refund will only be given providing all learning materials are returned to us, fully intact and undamaged, within 14 calendar days of receipt. However, if you have already booked an examination, no refund will be given.


After 14 calendar days, all fees are non-refundable and non-transferable. If you have registered for a qualification where study materials are provided online only e.g. resit and CSDG students, a refund may only be requested within 14 days of The London Institute of Banking and Finance receiving payment.

This is dependent on the type of examination you are sitting.

Electronic examinations

These are controlled by Pearson VUE and you will need to contact them directly via using the details on the ‘important registration information’ link on the MyLIBF home page.

If you are unable to attend your examination, please contact Pearson VUE as soon as possible to cancel or reschedule your examination, allowing a minimum of one full clear business days notice prior to your examination. For example, the deadline to cancel or reschedule an electronic examination due to take place on a Tuesday would be the Friday before. 
AFA examinations

All electronic Advanced Financial Advice (AFA) examination and all paper based examinations are taken on a set date (as per the qualification timetable) and it is not possible to change the date and time. You may however, be able to change the venue or defer to a later sessions and should contact the Student and Customer Services team via email or by phone on +44 (0)12 2781 8609 to enquire.

If you are unable to provide the required notice due to significant mitigating circumstances such as sudden illness, please contact Students and Customer Services straight away as you may be eligible for Special Consideration. Supporting documentary evidence is required for a Special Consideration application. 

Making a complaint

A complaint should be made as soon as possible, but no later than ten working days from the date of the incident occurring. 

We deal with all complaints as promptly as possible and within clearly defined timescales. Where it is not possible to meet these service standards, students will be informed of the progress of their complaint. The stages for handling a complaint are as set out within our CPQ Complaints Policy.

Appealing a decision

Students also have the right to appeal to a decision that has been made in the course of the assessment of their programme of learning. An appeal may only be submitted in relation to final decisions. 

An appeal application must be submitted to us within 15 working days of the date of our letter advising the outcome of a decision. If the appeal application form is received after the deadline, we reserve the right to refuse the application. Please read our Appeals Policy, in particular Section B - 'making an appeal'.
Making a result enquiry

If you believe that there has been an error in the marking of your assessment, you may apply for an assessment result enquiry. This policy does not apply to the applicant who believes that their performance during an assessment may have been adversely affected by external factors, for example, noise, illness or unforeseen circumstances. These cases are dealt with under our Special Consideration Policy.

Please read our Assessment Result Enquiry Policy fully as this sets out the key stages for applying. An application form is included within the policy and must be sent to us within 10 working days of the assessment outcome being communicated to you. 

For any of the above, we recommend that you first contact the Student Support Services team by telephone on +44 (0)12 2782 9499 or email to discuss the nature of your concern and for us to offer guidance regarding the process.

... Recognition of Prior Learning (RPL)?

You can apply by completing the RPL application form and sending the form and certified copies of your qualification certificate or transcript to the email or postal address on the form.

We aim to consider and respond with an outcome to your application within 10 working days. In the event that an enquiry proves complex, we may need longer than initially anticipated to investigate it. In such cases, we will make sure that you are kept informed of progress.

You can find the RPL policy here.

special consideration?

You can find our CPQ Special Consideration Policy here. You will need to complete an application form and submit this with your documentary supporting evidence. Given the individual nature of special consideration claims, we would recommend that you also contact the Student Support Services team by telephone on +44 (0)12 2782 9499 or email for an informal discussion before you submit your application.

For your claim to be considered, you must have initially notified us of your circumstances on or before the submission deadline for coursework or within five days of the examination date. Any applications made outside of this timescale must include an explanation as to why the delay has occurred.

We aim to consider and respond with an outcome within 5 – 10 working days of receipt of your application. This timescale may be longer In the event of your application being referred to the Concessionary Board.

… reasonable adjustment?

Given the individual nature of reasonable adjustments, we would recommend that you contact the Student Support Services team by telephone on +44 (0)12 2782 9499 or email for an informal discussion before you submit a request. This will allow us to fully understand the nature of your request and advise you on the type of supporting evidence required.

You can find our CPQ Reasonable Adjustments Policy here. An application form is included within Section A, and must be sent to us at least six weeks prior to the date when the adjustment will need to be in place. 


For registration and other enquiries please contact Student and Customer Services on +44 (0)12 2781 8609.


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