AFP Launches First Global Credential for Corporate Financial Planning & Analysis
The Association for Financial Professionals, a not-for-profit professional society that represents finance executives globally, has announced the official launch of its Certified Corporate Financial Planning & Analysis Professional credential, the first-of-its-kind accreditation program specifically for FP&A executives.
No matter where they are located around the world, FP&A professionals play a central role in corporate growth, with responsibility for budgeting and forecasting, data analysis and optimizing strategic business plans—all within today’s rapidly changing business environment.
“Independent research shows that more than three out of five C-level executives find the FP&A function to be the hardest finance position to fill," says Jim Kaitz, AFP’s president and CEO. "This certification creates a universal set of principles and standards of practice that companies can use to validate their critical FP&A hires.”
To earn the FP&A credential, candidates must pass a two-part examination, meet education and experience requirements and agree to abide by the AFP Standards of Ethical Conduct. The first part of the exam tests candidates’ ability to gather, interpret and communicate financial information.
The second part tests their ability to analyze financial information, build financial projections and use technology and software.
Over 5,000 PearsonVUE testing centers across the globe offer the proctored computer-based FP&A certification exams.
The certification adheres to best practices for credentialing agencies and involved FP&A practitioner subject matter experts at every stage of the certification development.
The beta version of the examination was administered in February and March of 2014, with the first group of beta candidates being certified in May 2014.
“We are seeing strong support for the FP&A certification around the world, especially in our meetings with CFOs, who are increasingly relying on FP&A professionals for their guidance and financial expertise. Our goals are to establish a core foundation of functional knowledge, prepare professionals for their critical roles and enhance recognition for this important profession,” said Kaitz.
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