Professional Financial Modeler (PFM) adalah program sertifikasi profesi di bidang Financial Modeling (Model Keuangan) dan analisa keuangan berstandar internasional. Program PFM ini diselenggarakan sejak tahun 2014 dan diikuti oleh profesional di bidang modeling keuangan dari berbagai perusahaan berskala nasional dan internasional di Indonesia maupun negara lain.

Program Pelatihan PFM adalah Program yang terdiri atas pelatihan persiapan Ujian PFM dalam satu paket dengan Materi PFM Original dan pendaftaran Ujian PFM. Pelaksanaan pelatihan persiapan Ujian PFM mengikuti kurikulum dan jadwal yang sudah ditetapkan, dengan menggunakan kelas online (virtual class) secara real time. Sementara, pelaksanaan ujian PFM dapat diambil dalam waktu setahun setelah pelaksanaan pelatihan atau sesuai perkembangan.

Materi PFM Original adalah materi dalam bentuk hardcopy dan/atau softcopy yang disediakan oleh IFMI, yang memuat pengetahuan dan konsep yang terdapat di dalam kurikulum PFM yang dikembangkan dari waktu ke waktu. Ujian PFM adalah ujian yang diselenggarakan oleh International Financial Modeling Institute (IFMI) untuk menguji pemahaman peserta ujian terkait analisa dan pemodelan keuangan di mana peserta yang mencapai tingkat kompetensi tertentu diberi hak untuk menyandang gelar profesi PFM yang dikeluarkan oleh IFMI.

Course Curriculum


  1. This course is delivered in Bahasa Indonesia using virtual-real time class (zoom).
  2. All teaching materials are provided in English.
  3. The PFM examination is also delivered in English.
  4. The virtual class is scheduled below
  • July 29th - August 28th, 2021
  • Thursday 7 - 9 pm, Friday 7 - 9 pm, Saturday 7.30 - 12.15 am


Week 1 - 29, 30, dan 31 Juli 2021:

1. Opening and Overview of Program Employing Quantitative Models to Enhance Prediction Quality of a Forecast

2. Understand the Concept of Quantitative Forecasting

3. Monte Carlo Model for Financial Model; Understand Income Statement and Balance Sheet for Financial Modeling

4. Understand Income Statement and Balance Sheet for Financial Modeling


Week 2 - 5, 6 dan 7 Agustus 2021:

5. Understand Cash Flow for Financial Modeling and Case Study

6. Understand about Modeling Macro and Micro Economic Assumptions

7. Understand about Modeling Macro and Micro Economic Assumptions

8. Understand the Accounts and Format used in Financial Model for Corporation


Week 3 - 12, 13 dan 14 Agustus 2021:

9. Case Study : Create Accounts and Prepare Corporate Financial Model

10. Case Study : Populate Supporting Accounts

11. Case Study : Populate Supporting Accounts and Model Enhancement

12. Determining Firm Value by Using Discounted Cash Flow Model


Week 4 - 19, 20 dan 21 Agustus 2021:

13. Determining Firm Value by Using Enterprise Value Multiples, Enterprise Value Based DCF

14. Determining Firm Value by Using Dividend Discount Model and Residual Income Model

15. Determining Firm Value by Using Relative Valuation Model and Sustainability Modeling

16. Common Size, Index, and Sensitivity Analysis on Financial Model


Week 5 - 26, 27 dan 28 Agustus 2021:

17. Financial Ratio and Delta Ratio Analysis

18. Understand How to Prepare Financial Model for Project

19. Feasibility Analysis, Weakness and Value Connectivity

20. Credit Analysis for Financial Model and Connectivity between Various Concepts


Choose a Pricing Option

Rp9.800.000

Regular Price

Kelas Virtual untuk Persiapan Ujian Sertifikasi PFM dan Ujian Sertifikasi PFM, dilaksanakan sesuai jadwal pada weekday dan weekend, periode Juli - Agustus 2021.

Pengaturan kelas virtual secara teknis akan diinformaskan melalui email, setelah pembayaran kursus.

Professional Financial Modeler (PFM) adalah program sertifikasi profesi di bidang Financial Modeling (Model Keuangan) dan analisa keuangan berstandar internasional.

Lembaga Pengembangan Profesional UNPAR (LPP UNPAR) menjadi registered Training Provider (RTP) sejak tahun 2021. LPP UNPAR berkerjasama dengan IFMI untuk menyelenggarakan kegiatan pendidikan dan Program Pelatihan PFM yang mengacu pada Panduan kurikulum dan pendidikan program yang dikembangkan dan dimiliki oleh IFMI.

Pengajar program pelatihan PFM ini berasal dari LPP UNPAR, yang memahami kurikulum PFM paling up to date/terbaru, berpengalaman dan mempunyai kompetensi sebagai PFM.

International Financial Modeling Institute (IFMI) is an organization established under the vision to facilitate the development of financial modeling and analysis field through education, certification, sharing, research, and practice. IFMI strives to promote best practices in financial modeling and supports ongoing professional and career development for financial modelers.

IFMI flagship certification program is Professional Financial Modeler (PFM) Program which is an international professional certification in the field of financial modeling and analysis. This certification program awards PFM Designation to eligible professionals with the goal of maximizing the professional value of the holders. IFMI is the administrator of the delivery of PFM Examination worldwide. 

The PFM Program adheres to standard and process in and accordance with global standard to ensure impartiality and fairness of the whole process.

(About IFMI)

Michael, M.Ak., CMA., PFM. is an Enthusiast Finance Practitioner with almost 10 years of multi-perspective experience, focusing in finance & accounting, business process and internal auditing field. He has both in detail and helicopter point of view to face the challenges and deliver values for the organization. His expertise focuses on Financial Modelling and Analysis, Risk and Control Assessment, Business Process Review and Improvement, Policy and Procedure Development, and Internal Auditing. Michael is also an independent business consultant whose various projects include Design credit policy and credit scoring instrument, Design SOP & accounting policy, Manage an internal audit department, and Develop and evaluate KPI instrument.



ANGGA SASMITAPURA, M.Ak ., CMA., PFM. has strong expertise in Financial Modeling and Analysis, Performance Management, Business Process Development, and Internal Auditing. Angga Sasmitapura is also a business process consultant in the field of Operational review, business process design, SOP and KPI development for chemical trading company; SOP development for professional services company; and Audit investigation for special issues, business process review, and SOP development for some of hotel and restaurant companies. Previously, Angga was professional in banking industry in finance related area.


Both Michael and Angga Sasmitapura are lecturers in the Department of Accounting, Parahyangan Catholic University, Bandung - Indonesia.

RICKY ICHSAN BARLIMAN, CFA, PFM, FRM, CFP, ERMCP, CFOS, CRMP, CSA, CRP, MM.


Ricky Ichsan is holder of Chartered Financial Analyst, Professional Financial Modeler, Financial Risk Manager, Certified Financial Planner, Enterprise Risk Management Certified Professional, Chartered Family Office Specialist, Certified Risk Management Professional, Certified Securities Analyst, and Certified Risk Professional Designations.

His current position includes Managing Partner at PT Rajawali Konsulindo since 2013, Co Founder of Eqdat.com (PT Analisa Data Solusindo) since 2019, and Board Member of International Financial Modeling Institute since 2014.

Ricky Ichsan is a core lecturer at Professional Financial Modeler exam preparation training since 2014. He is also consultant based on invitation or request in various institutions in the field of financial analysis, project analysis, financial model, risk management, M&A and others. 

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