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The Resource for the Global Finance Profession

Preparing for the FP&A Exam: Hands-On Experience Is a Must

  • By Ira Apfel
  • Published: 2014-02-04

If you’re thinking about taking the examination to be a Certified Corporate FP&A professional you’d better be comfortable using spreadsheets. The new FP&A Exam, currently in its beta testing window through March 31, features task-based simulations for test-takers utilizing spreadsheets as well as spreadsheet software to perform calculations.

Task-based simulations are items that require the manipulation of data to solve a problem similar to those that FP&A professionals typically encounter.

Written by subject matter experts, the FP&A Exam emphasizes using spreadsheets because they are a key tool for financial planning and analysis professionals, said Donna Berzellini, CTP, managing director of certification for AFP, which is offering the certification. “Employers can be assured that the FP&A Exam is not just theory-based. It offers a strong practical skills component since spreadsheets are so critical to the profession,” she said.

FP&A professionals can learn more about the spreadsheet requirements, and additional information about the Exam, by watching this tutorial. To view slides of the tutorial, click here.

For a list of abilities within the spreadsheet tool, click here.

The testing window opens August 1 through September 30. The early application deadline closes May 30. Final applications for 2014 are due June 27. Inaugural pricing is in effect for the August/September window and the February/March 2015 window if you enroll by June 27, 2014. Application fees are waived and candidate can also bundle it with the Learning System for an additional $700.

For information about the FP&A Exam, the Certified Corporate FP&A credential, eligibility requirements and more, visit fpacert.afponline.org

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All rights reserved.

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