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Eligibility Requirements

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Entrance Requirements

Before your enrollment in the FP&A program is accepted and you can register for your first exam, you must meet the entrance requirements:

 

Enrollment

The Enrollment fees are paid at the time of a candidate’s initial application and include a non-refundable, non-transferable application fee and an examination fee.

The Examination fee permits candidates to attempt each part of exam once during the testing window for which they initially register.

Candidates must complete the FP&A program requirements (education, experience and examination) within five years from enrollment into the program. If candidates are unable to complete the FP&A program requirements and earn their certification within five years of enrollment, they must pay new Enrollment fees and retake both exam parts. If the candidate passes one or both parts of the exam but does not complete the FP&A program requirements within five years of enrollment, the passed part(s) will expire.

 

Education and Experience Requirement

Candidates may enroll in the FP&A program and begin taking the exams before the Education and Experience Requirements have been fully satisfied but will not be awarded the credential until requirements have been met.

 
Eligibility Requirements
Eligibility Category A
Undergraduate Education

Bachelor's or global equivalent in accounting, finance or business

Graduate Education None
Supplemental Education None
Credential None
Work Experience*

3 years of FTE experience in an FP&A position

Eligibility Category B
Undergraduate Education

Bachelor's or global equivalent in accounting, finance or business

Graduate Education

Master’s degree or higher or global equivalent degree in a finance, accounting or business related field

Supplemental Education None
Credential None
Work Experience*

2 years of FTE experience in an FP&A position

Eligibility Category C
Undergraduate Education

Bachelor's or global equivalent in a non-finance subject

Graduate Education None
Supplemental Education

Three semester hours of college-level course work or equivalent in finance and six semester hours of college-level course work or equivalent in finance or managerial accounting

Credential None
Work Experience*

3 years of FTE experience in an FP&A position

Eligibility Category D
Undergraduate Education

Bachelor's or global equivalent in a non-finance subject

Graduate Education None
Supplemental Education None
Credential** 

An approved accounting or finance related credential

Work Experience*

3 years of FTE experience in an FP&A position

*Two years of FTE college/university teaching experience in budgeting, forecasting, financial modeling, corporate financial planning, strategic planning or financial analysis can be substituted for each year of work experience.

 

**Approved Accounting or Finance Related Credentials (Eligibility Category D)

  • Certified General Accountant (CGA)
  • Certified Government Financial Manager (CGFM)
  • Certified Internal Auditor (CIA)
  • Certified Management Accountant (CMA)
  • Certified Public Accountant (CPA)
  • Certified Treasury Professional (CTP)
  • Chartered Accountant (CA)
  • Chartered Global Management Accountant (CGMA)
  • Chartered Financial Analyst (CFA)
  • Chartered Certified Accountant (ACCA)
  • Institute of Chartered Accountants in England & Wales (ICAEW) Chartered Accountant (ACA)

*Full Time Equivalent (FTE) Experience in FP&A Position

FTE experience is defined as those positions involving at least 35 hours of work per week. At least 50% of the individuals time must be spent performing/managing or supervising those who perform/manage the following finance tasks:

  • Budgeting
  • Forecasting
  • Financial modeling
  • Corporate financial planning/strategic planning
  • Financial analysis

Positions such as internships, vacation/holiday employment or volunteer positions do not provide the appropriate experience to qualify in meeting the full-time experience requirement.

 

Earning the FP&A Credential

To be eligible to achieve the FP&A credential, you must meet all of the following program requirements:

  • Pay the Enrollment fees.
  • Satisfy the Education Requirement
  • Satisfy the Eligibility Requirement.
  • Pass both parts of the exam.
  • Agree to comply with the AFP Standards of Ethical Conduct

Candidates must complete the FP&A program requirements within five years from enrollment into the program. If candidates are unable complete the FP&A program requirements and earn their certification within five years of enrollment, they must pay new Enrollment fees and retake both exam parts. If the candidate passes one or both parts of the exam but does not complete the FP&A program requirements within five years of enrollment, the passed part(s) will expire.

The FP&A credential is not awarded until all requirements have been met.

The AFP Certification Committee is the final judge of an individual’s qualifications to earn the FP&A credential. The committee will consider applicant appeals with respect to exceptional circumstances. The committee also reserves the right to verify an applicant’s eligibility through random audit.

Applicants who are deemed eligible to sit for the examination will receive a confirmation email from AFP. Applicants deemed ineligible to enroll for the FP&A examination will receive an ineligibility notification and a refund of the examination fee (only).

 

Maintaining the FP&A Credential

Once awarded, a certificate is issued. The FP&A credential is valid for three years, during which credential holders must earn and report 45 continuing education credits in order to recertify for another three years.

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