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Updated: Nov 01, 2026

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AFP FPA_II Exam Overview:

Certification Vendor:Association for Financial Professionals (AFP)
Exam Name:FPAC Part II – Financial Analysis: Building and Interpreting Financial Projections
Exam Number:FPAC-II (Part II)
Exam Format:Multiple-choice questions, Task-based simulations, Computer-based proctored exam
Related Certifications:Certified Corporate FP&A Professional (FPAC)
Available Languages:English
Exam Price:USD 495–595 (exam fee range; varies by registration period)
Recommended Training:AFP FPAC Exam Preparation Resources
Exam Registration:Pearson VUE AFP Exams
AFP Certification Registration
Exam Way:Computer-based proctored exam delivered via Pearson VUE testing centers or online proctoring (depending on region availability).
Pre Condition:No formal prerequisites required; work experience in finance is recommended (typically 1–3 years for FP&A professionals).
Official Syllabus URL:https://www.afponline.org/certification/fpac

AFP FPA_II Exam Syllabus Topics:

SectionObjectives
Decision Support and Business Analysis- Business performance evaluation
  • 1. KPI development and tracking
    • 2. Strategic financial insights
      - Capital allocation decisions
      • 1. Investment evaluation
        • 2. NPV and IRR analysis
          Financial Analysis and Interpretation- Financial statement analysis
          • 1. Balance sheet analysis
            • 2. Cash flow analysis
              • 3. Income statement analysis
                - Performance measurement
                • 1. Key financial ratios
                  • 2. Variance analysis
                    Financial Forecasting and Projections- Forecasting methodologies
                    • 1. Scenario analysis
                      • 2. Driver-based forecasting
                        - Financial modeling
                        • 1. Integrated financial models
                          • 2. Sensitivity analysis

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