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 elementary data in finance, accounting and forecasting—data 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 career and addresses areas that aren’t essentially coated by a standard diploma. It’s the solely credential that’s particular to FP&A; it’s forward-looking and assesses the flexibility to see the large image. FPAC credential holders are specifically geared up 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 objectives of the enterprise.
“The CFA and Chartered Licensed Accountant credentials are extremely thorough, testing people on key parts which are elementary to the finance career,” mentioned Jim Kaitz, president and CEO of AFP. “As such, we see no must retest these credential holders on these areas and are proud to announce that they will waive the primary a part of our examination.”
The total record of the credentials which are 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)
Be taught extra about applying for a waiver.
Headquartered exterior of Washington, D.C. and positioned 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. Every year, AFP hosts the most important networking convention worldwide for greater than 7,000 company monetary professionals.
SOURCE Affiliation for Monetary Professionals (AFP)