GAFM-MFMS Exam Information and Outline
Master Financial Modeling Specialist (MFMS)
Syllabus Update Checked on: October 30, 2026
GAFM-MFMS Exam Syllabus & Study Guide
Before you start practicing with our exam simulator, it is essential to understand the
official GAFM-MFMS exam objectives. This course outline serves as your roadmap.
The information below reflects the 2026 syllabus defined by
GAFM.
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
- Online multiple-choice certification examination following the GAFM Accredited Certification Training Program (ACTP)
- Financial Modelling Principles and Best Practice
- FAST standard and model structure
- Excel for Modelling
- Functions, data tables and scenario tools
- Three-Statement Models
- Integration of statements
- DCF Valuation Models
- Free cash flow and terminal value
- Scenario and Sensitivity Analysis
- Scenario switches and data tables
- M&A and LBO Models
- Accretion/dilution and leverage
- Model Review and Presentation
- Auditing and charting