Advanced Financial Modeler (AFM) Accreditation

 
Strengthen and validate your financial modeling skills in partnership with Kaplan.

Welcome, Kaplan Candidates

Financial modeling plays an integral part in business decision-making with modelers informing key transactions and critical business decisions. The AFM program is the only accreditation that validates mastery of this skill.

AFM accreditation holders have learned and demonstrated that they have acquired the skills and discipline to build best-in-class models that avoid all the errors commonly found in models.

The Advanced Financial Modeler (AFM) accreditation is FMI's flagship program. Use FMI's learning resources to prepare for the AFM exam, a rigorous, proctored, 4-hour online exam.

Financial Modeling Institute is proud to be in partnership with Kaplan.

AFM Program Handbook

Advanced Financial Modeler (AFM) accreditation

Regular Price $725 USD

$580 USD for Kaplan Candidates with the discount code: KAPLAN

Become an excellent financial modeler and validate your skills with the AFM accreditation.

Become an excellent financial modeler and validate your skills with the AFM accreditation.

Exams are offered four times per year. The next four sittings are:

October 25, 2025 | February 21, 2026 | May 9, 2026 | July 11, 2026

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Once you attain the AFM accreditation, you will be able to...

 Validate your ability to build a 3-statement model of a company from scratch

  Create a model that can be used as a critical decision-making tool, allowing users to make accurate and informed financial decisions

 Use a financial model as a powerful communication tool to clearly and effectively tell the story of a company

  Demonstrate the technical modeling skills most valued by clients, employers, and all other stakeholders

Frequently Asked Questions

What does the AFM exam involve?

You will 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. You will need to complete this model during a 4-hour virtual exam.

To promote practical skills, you’ve got to demonstrate them. Get accredited as an Advanced Financial Modeler and demonstrate to employers, stakeholders and clients that you can build effective financial models that can be relied upon to drive decision making.

What learning resources are include in the AFM?

Learning Resources include:

  • A 12-hour step-by-step financial modeling video tutorial series (60 videos)
  • Sample models
  • Practice exams and solutions
  • 1-hour Q&A session with FMI to address questions prior to the AFM exam