The FMI is the first globally-recognized financial modeling accreditation program. The FMI delivers and administers certifications in financial modeling and seeks to represent the interest of the global financial modeling community. FMI collaborates with global experts and thought leaders in the field who are committed to promoting best practices, reducing risk, and improving standardization in the financial modeling profession. The FMI celebrates financial modelers across the world and its certification exams improve global skills in financial modeling.
Financial Modeling Certifications
The FMI’s financial modeling certifications are internationally recognized credentials for advanced Microsoft Excel, financial analysis and financial modeling skills.
FMI provide three financial modeling certifications: AFM,CFM and MFM
Advanced Financial Modeler (AFM)
The Advanced Financial Modeler (AFM) is the first of three certification levels offered by the FMI. The AFM exam tests a candidate’s technical modeling ability through building an integrated three statement model over the course of four hours. Participants who pass the exam will achieve the Advanced Financial Modeler credential.
Why earn the certification?
Course Contents
Financial Model Design
The Revenue Schedule
Cost Schedule
Financial Statements
Depreciation
Income Tax
Working Capital
Debt and Equity
Outputs and Troubleshooting
AFM EXAM
Case Study – You’ll be provided with a case study to explore before getting to work inside Excel, building an integrated 3 -statement model of a company from scratch.
Duration: You will need to complete this model during a 4 -hour virtual exam. Successful candidates elegantly structure, efficiently build, and clearly communicate.
Grader: Exams are graded manually by members of the FMI Grading Team. Each exam is anonymized prior to grading. The exams are subjected to a three step process involving multiple graders.
The FMI administers virtual exams several times per year. You can register and write from anywhere in the world. In order to assess true financial modeling ability, FMI adheres to the strictest code of integrity. All exams are:
- Proctored: Candidates are supervised during exams.
- Closed-book: Candidates are not permitted access to external resources during the exam.
- Excel-based: All exams assess applied ability; there is no multiple-choice in an FMI exam.
2022/2023 EXAM TESTING WINDOWS
| AFM Testing Window | Exam Date | Last Date to Register |
|---|---|---|
|
October 2022 |
October 22, 2022 |
October 8, 2022 |
|
February 2023 |
February. 11, 2023 |
TBA |
|
April 2023 |
April 29, 2023 |
TBA |
|
July 2023 |
July 29, 2023 |
TBA |
Who Should Attend?
AFM program is open to anyone who has an interest in or currently works in business analysis, business planning, and financial modeling. From entry levels to seasoned industry professionals.
Frequently Asked Questions (FAQ)
To achieve the Advanced Financial Modeler (AFM) accreditation, you need to demonstrate your superior modeling skills by building an integrated 3-statement model from scratch, within a 4-hour time allotment.
No. Each level is recognised as its own standalone accreditation – although, you will need to complete the prior accreditation to achieve the next level.
Candidates are expected to build a financial model from scratch in order to demonstrate their modeling skills.
The FMI administers virtual exams several times per year. In the virtual format, you can register and write from anywhere in the world.
Exams are graded manually by members of the FMI Grading Team using a formal grading rubric. Each exam is anonymized prior to grading. The exams are subjected to a three step process involving multiple graders. Every effort is made to ensure a fair and appropriate evaluation.