Corporate Financial Planning and Analysis Professional Course Overview
Corporate Financial Planning and Analysis Professional (FPAC) Course Overview
The Corporate Financial Planning and Analysis Professional (FPAC) certification if designed for students and professionals looking to develop their skills and solidify their understanding about financial planning and analysis. The FPAC course equips and enables candidates to mitigate risks and see beyond the numbers. They also work on holistic strategic planning, budgeting, and forecasting that with the primary focus to achieve the goals of the business.
The FPAC certification is offered by the Association for Financial Professionals (AFP), the certifying body in treasury and finance. The chief objective of the renowned AFP body is to drive the future of finance and treasury by developing leaders of tomorrow through certifications, training, and the premier event for corporate treasury and finance.
FPAC course is one of the best choices for finance professionals to stand out as a strategic business partner in firms with a well-rounded understanding of the entire business. With a comprehensive training from reputed ed-tech platform like MyLogic Business Management School that offers live online classes with expert faculty and industry experts, FPAC qualified professionals can stand out in the finance sector as financial experts, strategic and adept communicators, and trusted advisors to the business.
FPAC Eligibility Criteria
To enroll for the FPAC course candidate are required to meet the below mentioned eligibility criteria –
- Have a bachelor's or equivalent degree or pursuing an undergraduate program with a finance related major and graduate within 2 years
- Candidates must agree to comply with the AFP Standards of Ethical Conduct
To qualify and receive the FPAC certification candidates are also required to meet the below mentioned experience and education criteria –
- 3 years’ experience in FP&A job tasks for candidates with bachelor’s in accounts, finance, economics or business or a equivalent degree
- 2 years’ experience in FP&A job tasks for candidates with bachelors or equivalent degree in any subject matter combined with a Masters’ degree or higher or an equivalent degree in finance, accounting, economics or business related field
- 3 years’ experience in FP&A job tasks with a bachelor’s degree or equivalent in non-finance subjects along with 3 semester hours and 6 semester hours of college-level course work or equivalent in finance and financial accounting or managerial accounting
- 3 years’ experience in FP&A job tasks with Bachelor's or equivalent in non-finance subject along with an approved accounting or finance credential
FPAC Exam
The FPAC course has a 2 part exam with 140 questions in part 1 and 55 questions in part 2. The FPAC course also offers the liberty of taking the 2 part exam as you find convenient – it can be taken in any order, either separately or together within the 60 day window.
Once the candidate has cleared both parts of the FPAC exam and all eligibility criteria are met then he/she is officially considered an FP&A Professional. However, every year qualified FPAC professionals are required to earn 45 continuing education credits in order to retain their certification.