The financial planning & analysis profession has experienced rapid growth over the past decade and there is a significant amount of knowledge required to perform at the highest level.
The FP&A credential establishes a set of core competencies for the profession and addresses areas that are not necessarily covered by a traditional degree, such as an MBA. And it’s the only credential that is specific to FP&A – it is forward looking and assesses technical skills as well as the ability to see the big picture.
Earning a certification credential is a voluntary activity, but it demonstrates that you have the proper knowledge and skills, as well as a high level of dedication to your profession.
AFP®, a not-for-profit, individual membership association, sponsors the FP&A credential program on behalf of the entire FP&A profession. The certification program was launched in 2013 and will continually evolve to reflect the changing responsibilities of today’s FP&A professionals. AFP is committed to ensuring that the FP&A credential is developed and maintains a distinctive high standard of excellence.
The Caviart Group provides technical assistance to AFP in test development and Pearson VUE administers the delivery of the computer-based FP&A examination through a network of more than 5,000 test centers across the globe.
FP&A Exam Part I
Financial Acumen: Gathering, Interpreting, Understanding and Communicating Business and Financial Information
Gathering and Interpreting Information: 40% of Exam Part I
CONTENT AREAS (KNOWLEDGE, SKILLS AND ABILITIES)
I.A.1 Knowledge of sources of historical information and historical financial data about an organization and its industry
I.A.2 Ability to understand corporate structure and functions (e.g., hierarchy, corporate groups, the value of the group to the organization, etc.)
I.A.3 Knowledge of sources of information about a company’s business environment, including sources of tax policies, economic indicators, business models, financial ratios, and industry metrics I.A.4 Ability to read and interpret corporate annual reports
I.A.5 Ability to determine peer groups and competitors
- The FP&A Exam is a two-part examination – each part has 125 questions.
- There are two testing windows: February/March and August/September.
- Once your application is approved and you receive your Authorization to Test (ATT) email, please contact Pearson VUE to schedule your appointment.
- Every new application is valid for ten consecutive testing windows (or five years), which means you have multiple opportunities to take and pass both parts of the examination before you have to submit a new application.
- During those ten testing windows, you can submit a re-examination registration, transfer request, and/or deferral request in order to move or re-take each part.
- After your tenth and final testing window you will be required to submit a new application in order to test again.
|Early Deadline||Standard Deadline|
New applicant fees cover both parts of the examination.*Your fees application fee includes membership for one year.
|FP&A Examination Testing Window: August 1, 2018 – September 30, 2018|
|Early Application Deadline||May 11, 2018|
|Final Application Deadline||June 22, 2018|
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