The FPA_II Exam is a rigorous assessment of a financial professional's ability to analyze financial data, identify trends, and provide insights to senior management. FPA_II exam is divided into four sections, each of which focuses on a different aspect of financial planning and analysis. Candidates must pass all four sections to earn the certification. FPA_II exam is computer-based and consists of multiple-choice questions.
AFP FPA_II Certification Exam is administered by the Association for Financial Professionals (AFP), a global organization that provides certification programs, training, and networking opportunities for finance professionals. The AFP FPA_II Certification Exam is recognized globally and is highly respected in the finance industry. It is designed to help individuals enhance their career prospects and demonstrate their expertise in financial planning and analysis.
AFP FPA_II certification exam is a computer-based test that consists of 115 multiple-choice questions. FPA_II exam is divided into four sections: Financial Analysis, Forecasting and Planning, Budgeting, and Analysis and Reporting. Candidates are given 3 hours and 45 minutes to complete the exam.
AFP FPA_II Exam Overview:
| Certification Vendor: | Association for Financial Professionals (AFP) |
| Exam Name: | Certified Corporate Financial Planning & Analysis Professional Part II |
| Exam Number: | FPA_II |
| Passing Score: | 500 (scaled score) |
| Exam Format: | Task-Based Simulations, Case Analysis Sets |
| Exam Duration: | 270 (245 active testing) |
| Available Languages: | English |
| Exam Price: | $1,125 - $1,525 USD (AFP member: $1,125; Non-member: $1,525) |
| Certificate Validity Period: | 3 years |
| Related Certifications: | Certified Treasury Professional (CTP) CMA CPA CFA ACCA CIMA |
| Real Exam Qty: | 55 (47 scored, 8 unscored pretest) |
| Recommended Training: | AFP FP&A Exam Prep Platform AFP Corporate Training |
| Exam Registration: | Pearson VUE Scheduling AFP FPAC Official Registration |
| Exam Way: | Computer-based testing (CBT) at Pearson VUE centers or online via OnVUE remote proctoring |
| Pre Condition: | Bachelor's degree or equivalent; may take exam before meeting work experience; must pass both FPA_I and FPA_II (or qualify for FPA_I waiver) to earn credential; 2–3 years relevant experience required for final certification |
| Official Syllabus URL: | https://fpacert.financialprofessionals.org/exam/test-specifications |
AFP FPA_II Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Business Communication & Decision Support | 12-18% | - Presenting financial insights - Supporting strategic business decisions - Interpreting results for stakeholders |
| Topic 2: Analysis & Projections | 37-43% | - Variance analysis - Financial ratio analysis - Investment appraisal (NPV, ROI, IRR) - Cash flow analysis and projections - Sensitivity and scenario analysis - Revenue and expense forecasting |
| Topic 3: Models & Analytics | 42-48% | - Data visualization and reporting - Spreadsheet functions (VLOOKUP, Pivot Tables, Macros) - Statistical and regression analysis - Model consistency and validation - Building and refining financial models |
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