FPAC Policy Changes

Program Updates for 2024 include:

Experience Requirements

Eligible experience categories have been updated:

• Budgeting
• Forecasting
• Financial Modeling
• Corporate Financial Planning
• Data Management and Business Intelligence
• FP&A Software Development and Implementation
• Financial Analysis and Analytics

Program Updates for 2022 include:

As of April 1, 2022 the No Show fee has increased from $100 to $110.

Defferal Documentation

As of April 1, 2022 Documentation accompanying a deferral request must be in English. If the documentary evidence is not originally in English it must be accompanied by an official certified translation.

Program Updates for 2021 include:

Acronymn Change

As of January 25, 2021 the acronym FPAC will officially be used to dentoe the Certified Corporate Financial Planning and Analysis Professional Credential.  FPAC replaces FP&A as the acronym credential holders use after their name.  

For more information see FPAC Acronym Change.

Program Updates for 2020 include:

Exam Part I Waiver

• Beginning April 15, 2020 candidates who hold one of the following credentials in good standing may apply for an Exam Part I waiver.  If approved, their Exam Part I requirement will be met and the candidate will not be required to take and pass Exam Part I.
• Credentials eligible for an Exam Part I waiver:
  • Certified Treasury Professional (CTP)
  • Certified Public Accountant (CPA) (USA)
  • Certified Management Accountant (CMA)
  • Certified Practising Accountant (CPA) (Australia)
  • Certified Chartered Accountant (ACCA or FCCA)
  • Chartered Financial Analyst (CFA)
  • Chartered Professional Accountant (CPA) (Canada)
  • CIMA Professional Qualification (ACMA or FCMA)
• Exam Part II waivers are not available.  All candidates must take and pass the Exam Part II in order to earn the credential.
• Candidates who are registered for Exam Part I at the time their waiver application is approved and have made an appointment to take the Exam Part I must contact Pearson Vue and cancel their appointment in accordance with the Pearson Vue appointment cancellation policies else they will be required to pay a $100 no show fee.
• For more information on Exam Part I waivers and an up to date list of credentials eligible for the waiver, see here.

Program Updates for 2019 include:

Revised Test Specifications and Exams

•   Updates have been made to the Test Specifications and format of the exams.  A new question format has been added.  For more details see the Case Analysis page here.

After carefully considering feedback from candidates, AFP has made changes to simplify the registration policies for the FPAC program. 

   •   Re-Registration fees (formerly known as Re-Examination fees) will be lowered to $250 per part from $350, effective June 23, 2018 beginning with the February - March 2019 (2019A) window.

   •   Transfers (moving one or both examination parts from the current window to the next available window) are no longer an option, effective April 1, 2019. You may re-register for a future window if you need to move your exam window.

   •   The February - March 2019 (2019A) testing window will be the last testing window to utilize the current edition of the Learning System. The new learning tool will be effective starting with the August - September 2019 (2019B) testing window through February - March 2024 (2024A). Candidates who previously purchased a Learning System and are still enrolled, but have not yet passed both parts of the test, will receive the updated material at no cost once they are registered for an upcoming window.

   •   The test specifications will be changing for the 2019B testing window. Please see pages 8 - 9 of the Certification Candidate Handbook for the updated list of specifications or view them here.