BETHESDA, Md., Feb. 1, 2021 /PRNewswire/ — The Affiliation for Monetary Professionals (AFP) introduced that present holders of the Chartered Monetary Analyst (CFA) and Chartered Licensed Accountant (ACCA and FCCA) credentials are each eligible to waive Part I of the Licensed Company Monetary Planning and Evaluation Skilled (FPAC) examination.
Half I of the FPAC examination focuses on basic information in finance, accounting and forecasting—information additionally examined within the exams for the CFA and Chartered Licensed Accountant exams. As such, holding these certifications is sufficiently corresponding to passing Half I of the FPAC examination. AFP had beforehand introduced that holders of the Licensed Public Accountant (CPA), Licensed Administration Accountant (CMA) and Licensed Treasury Skilled (CTP) credentials had been eligible for this waiver.
The FPAC credential establishes a set of core competencies for the company monetary planning and evaluation occupation and addresses areas that aren’t essentially lined by a conventional diploma. It’s the solely credential that’s particular to FP&A; it’s forward-looking and assesses the power to see the massive image. FPAC credential holders are specifically outfitted to mitigate uncertainty and see past the numbers; they try to make the numbers work to find out holistic strategic planning, budgeting, and forecasting that ties into the targets of the enterprise.
“The CFA and Chartered Licensed Accountant credentials are extremely thorough, testing people on key parts which can be basic to the finance occupation,” stated Jim Kaitz, president and CEO of AFP. “As such, we see no have to retest these credential holders on these areas and are proud to announce that they’ll waive the primary a part of our examination.”
The total checklist of the credentials which can be eligible to waive Half 1 is beneath:
- Licensed Administration Accountant (CMA)
- Licensed Practising Accountant (CPA)(Australia)
- Licensed Public Accountant (CPA)(US)
- Licensed Treasury Skilled (CTP)
- Chartered Licensed Accountant (ACCA or FCCA)
- Chartered Monetary Analyst (CFA)
- Chartered Skilled Accountant (CPA)(Canada)
- CIMA Skilled Qualification (ACMA or FCMA)
Study extra about applying for a waiver.
Contact the AFP certification division, [email protected] for any questions relating to the FPAC credential. For any press queries, please contact Melissa Rawak, [email protected].
About AFP®
Headquartered exterior of Washington, D.C. and situated regionally in Singapore, the Affiliation for Monetary Professionals (AFP) is the skilled society dedicated to advancing the success of treasury and finance members and their organizations. AFP established and administers the Licensed Treasury Skilled and Licensed Company FP&A Skilled credentials, which set requirements of excellence in treasury and finance. Annually, AFP hosts the biggest networking convention worldwide for greater than 7,000 company monetary professionals.
SOURCE Affiliation for Monetary Professionals (AFP)
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