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
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
- 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
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:
- 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
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
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
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
- 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 fpacert.afponline.org as well as:
- Beta exam locations
- Scheduling the exam.
Learn more about the FP&A Certification at fpacert.afponline.org.
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