The Financial Modeling Institute (FMI), founded in 2017 and based in Canada, assesses practical financial modelling skills through its accreditation programmes. The two programmes below prepare you for its Foundations exam and its Advanced Financial Modeler (AFM) exam.
Qualifications
| Programme | Duration (hours) | Certificate |
|---|---|---|
| FMI Foundations in Financial Modeling Program | 100 | FMI |
| Advanced Financial Modeler (AFM) | 100 | FMI |
FMI Foundations in Financial Modeling Program
A first step for people new to financial modelling, aimed at internships and early-career finance roles. It covers the theory of building a financial model and ends with a multiple-choice exam, a certificate and a digital badge.
What you will learn
- Modelling best practice
- Model design and flow
- Financial statements
- Schedules for revenue, costs and fixed assets
- Schedules for tax, working capital, debt and equity
Advanced Financial Modeler (AFM)
FMI’s Level 1 accreditation. It shows that you can build a full three-statement financial model in Excel from a case study, without templates, and explain your assumptions. The exam lasts four hours and is taken online.
Exam topics
- Model planning and design
- Revenue and costs
- Depreciation, tax and working capital
- Capital structure
- Financial statements
- Outputs and troubleshooting
