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Registration for FP&A Certification Beta Exam Begins August 15

  • By Ira Apfel
  • Published: 2013-08-14

Financial planning and analysis professionals who want to stand above the competition now have a new way to do so: The FP&A certification beta exam opens for registration this Thursday, August 15.

How to Register

Test-takers are not required to be an AFP member prior to registering for the beta exam. For the beta exam only, members and non members are charged the same rate.

Candidates must meet educational and experience requirements before earning the credential. However, candidates may take the exam before meeting those requirements. Prior to registering for the exam, candidates must:

  • Hold a bachelor's or equivalent degree OR be currently enrolled in an undergraduate program with a finance or accounting major and be on track to graduate within two years.
  • Understand the professional conduct requirement (they will be asked to agree to comply with the AFP Standards of Ethical Conduct).

In order to qualify, candidates' experience must be in a position involving at least 35 hours of work per week with at least 50 percent of their time spent performing/managing or supervising those who perform/manage the following tasks:

  • Budgeting
  • Forecasting
  • Financial modeling
  • Corporate financial planning
  • Financial analysis.

Exam candidates with a graduate degree in finance, accounting or business are required to report at least two years of work experience in order to earn the FP&A credential. Candidates with a bachelor's degree in finance/accounting/business must have three year's work experience.

Candidates are not required to have fulfilled the education and experience requirements before taking the exam. However, the FP&A credential will not be awarded until those requirements have been met.

Candidates must fulfill both the education and experience requirements and pass both parts of the two-part exam within five years of the date of their initial application to the FP&A program.

Applicants will receive an email confirming approval of their FP&A beta exam registration approximately 1-2 days after submission of application and payment. AFP will contact any candidate with application or payment issues that may delay this approval process.

The FP&A certification exam test-taking window runs Feb. 1, 2014 to March 31, 2014.

About the FP&A Certification Exam

The FP&A certification exam consists of two parts:

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
  • Understanding Financial Concepts and Communicating/Coordinating Work with Other Professionals: 60% of Exam Part I

FP&A Exam Part II

Financial Analysis: Building and Interpreting Financial Projections

  • Analyzing Information: 35% of Exam Part II
  • Building Financial Projections: 35% of Exam Part II
  • Using Technology/Software: 30% of Exam Part II

Test-takers can also find a list of study materials and educational resources at www.fpacert.org as well as:

·         Deadlines/fees

  • Beta exam locations
  • Scheduling the exam.

 Learn more about the FP&A Certification at www.fpacert.org.

 Follow FPA Certification on Twitter.

Join FPA Certification on LinkedIn.

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All rights reserved.

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