FPAC Acronym Change
FPAC Now Stands for FP&A Certified
As of January 25, the acronym FPAC will officially be used to denote the Association for Financial Professional’s Corporate Financial Planning and Analysis Professional credential.
FP&A was previously used to denote the certification. However, after speaking with current credential holders, many of whom have FP&A in their job title, we determined that the new FPAC acronym would allow financial professionals to more easily signify that they are credential holders.
“When we made the decision to establish the Certified Corporate Financial Planning and Analysis Professional credential, the FP&A field was still relatively new,” said Jim Kaitz, president and CEO of AFP. “Many professionals who work in the field have ‘FP&A’ as part of their job title, so if they also have the certification, they were listing ‘FP&A’ twice. The new acronym ‘FPAC’ eliminates the issue altogether.”
The FPAC credential is held by 1,530 finance professionals in 82 countries. And professionals in Fortune 500 and FTSE 100 companies, such as Verizon, Marsh & McLennan and Royal Dutch Shell Corporation, hold the distinction.
The FPAC establishes a set of core competencies for the corporate financial planning and analysis profession and addresses areas that are not necessarily covered by a traditional degree. FPAC credential holders naturally step to the forefront as financial experts, strategic and adept communicators, and trusted advisors to the business. The only credential specific to FP&A, it assesses one’s ability to see the big picture.
Any questions about or issues with the change may be directed to FPACert@afponline.org.