FPAC Exam Information and Outline
Certified Corporate FP&A Professional
Syllabus Update Checked on: November 9, 2026
FPAC Exam Syllabus & Study Guide
Before you start practicing with our exam simulator, it is essential to understand the
official FPAC exam objectives. This course outline serves as your roadmap.
The information below reflects the 2026 syllabus defined by
AFP.
Below are complete topics detail with latest syllabus and course outline, that will help you good knowledge about exam objectives and topics that you have to prepare. These contents are covered in questions and answers pool of exam.
- Exam Format
- 195 questions in two parts
- Part I: Financial Acumen – Understanding and Managing Financial Information and Business Relationships (140 questions)
- Domain A: Concepts of Business and Finance (52–55%)
- Budget types, forecasting and the accounting close
- Strategic frameworks; industry, tax and historical information sources
- Risk concepts, managerial, financial and cost accounting
- Economics basics, financial formulas and annual reports
- Peer groups and competitor identification
- Domain B: Systems and Technology (15–20%)
- User acceptance testing; spreadsheet and database structures
- Version control and process automation
- Templates and assessment of systems and reporting tools
- Domain C: Business Partnering (28–34%)
- Strategic planning and corporate structure
- Continuous improvement, close and reporting support, KPIs
- Stakeholder engagement, project scheduling and deadline coordination
- Domain A: Concepts of Business and Finance (52–55%)
- Part II: Financial Analysis and Business Support – Building and Interpreting Financial Projections (55 questions)
- Domain A: Analysis and Projections (40–50%)
- Variance and price-volume-mix analysis; competitive analysis
- Statistics and risk analysis
- Capital investment: ROI, DCF, NPV
- Sales, customer, financial statement, expense and headcount projections
- Ratio, sensitivity and scenario analysis
- Domain B: Models and Analytics (35–40%)
- Financial statement relationships and statistical interpretation
- Model testing, validation and documentation
- Gap/outlier analysis, seasonality and reasonableness testing
- Domain C: Business Communication (13–17%)
- Tailoring messages to audiences and communicating assumptions
- Effective presentations and incorporating feedback
- Domain A: Analysis and Projections (40–50%)