The Accreditation
The Advanced Financial Modeler (AFM)
The AFM is an exam-based accreditation from Financial Modeling Institute. Candidates prepare using FMI's learning resources, then sit a four-hour proctored exam that requires building a three-statement financial model from scratch.
Passing the AFM demonstrates applied modeling skill at a level employers and clients recognize.
What's included in your enrollment
- 15 hours of self-paced instructional video content
- Practice exams and exam preparation resources
- One sitting of the proctored, four-hour AFM exam
- Upon passing: AFM accreditation, digital badge, and listing in FMI's global Directory of Accreditation Holders
Most candidates invest between 25 and 50 hours in preparation, depending on prior modeling experience.
The Process
How It Works
1
Enroll below using your American Accounting Association member discount code.
2
Receive a welcome email within one business day with access to the FMI Community and all learning resources.
3
Work through the preparation materials at your own pace. The exam is offered four times per year — choose the sitting that works for you.
4
Sit the four-hour proctored online exam and build a three-statement model from scratch.
5
Pass the exam and earn the AFM accreditation, your digital badge, and your place in FMI's global directory.
Upcoming Exam Sittings
July 11, 2026 | October 24, 2026 | February 20, 2027 | May 15, 2027
Registration for the July 11 exam sitting closes on June 12, 2026.
