What you will learn
With Advanced Financial Modeler (AFM) accreditation from Financial Modeling Institute (FMI), you can reach the global gold standard of financial modeling. By gaining AFM accreditation you will learn how to:Â
- demonstrate the technical modeling skills most valued by employers and clients
- create a financial model that can be used as a critical decision-making tool, allowing users to make accurate and informed financial decisions about a company
- use a financial model as a powerful communication tool to clearly and effectively tell the story of a company
- focus your skills in accounting, finance, spreadsheets and general business knowledge to effectively forecast a company’s financial statements.
About this accreditation
Financial modeling plays an integral part in business decision making, with modelers informing key transactions and critical business decisions. Being able to validate your learning with an accreditation allows you to demonstrate technical modeling skills most valued by employers and clients.FMI is the only financial modeling accreditation body in the world; it provides the world’s leading financial modeling accreditation programme. FMI exists to create and uphold international industry best practices with respect to financial modeling skills. Through its exams and accreditations, FMI allows candidates, employers and the broader community to recognise true ability in financial modeling.
The Advanced Financial Modeler (AFM) is FMI’s first level of accreditation (the first of three levels). Only candidates who demonstrate the required level of proficiency in the AFM exam can successfully achieve the AFM accreditation, and show validated expertise in financial modeling. Achieving AFM will accelerate your abilities and make you stand out to employers. You will be able to demonstrate your financial modeling excellence, as well as join an international community of modelers.
You should become accredited by FMI if:
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- you want a foundation that will provide you with the confidence and skills to build and oversee modelsÂ
- you seek opportunities to accelerate or transition your careerÂ
- you want to demonstrate the calibre of your modeling to future employers and clients
- you want to stand out from the competition.
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The AFM exam
AFM accreditation is gained by demonstrating your modeling skills through self-paced exam preparation and a rigorous four-hour exam (completed in Excel), where you will build an integrated three-statement model from the beginning. Exams are available four times a year in February, May, July and October.Â
The learning materials
To prepare you for the exam, you will have access to the AFM learning materials -Â a series of lecture videos explaining the concept of financial modeling and how you can produce your own financial model in Excel.The learning materials contain topics covering:
- financial modeling best practices, including planning, design and presentation, and model construction
- Excel skills and tools
- keyboard shortcuts
- scenario analysis
- model components.
Key information
Â- AFM accreditation designed by Financial Modeling Institute and delivered by ACCA Learning.
- Gain AFM accreditation by passing a four-hour exam, where you will demonstrate your financial modeling skills.
- Purchasing AFM through the ACCA Learning platform includes access to the learning materials (including an exclusive ACCA cohort live session with FMI experts) and registration for the exam.
- There is a choice of four exam dates in a calendar year.
- Estimated time commitment is upwards of 25 hours of learning; there are 14 hours of directed study, but candidates may spend more hours self-studying and preparing for the exam.
- Anyone can take the AFM exam, but it is recommended that candidates have advanced Excel skills/knowledge.
