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About The Fmi: Our Mission Our Vision

The Financial Modeling Institute (FMI) is a global association that aims to promote awareness and discipline in financial modeling through certification programs. It offers three levels of certification for candidates from various financial fields, with no work experience requirements. The Level 2 certification, Chartered Financial Modeler (CFM), tests advanced knowledge of topics like revenue modeling, operating costs, taxes, debt, equity, and more. It builds on the fundamentals covered in Level 1. Eligible candidates must complete Level 1 first and then pass a 4-hour exam assessing their skills in complex modeling topics and techniques. The CFM demonstrates mastery of advanced financial modeling, analysis, and Excel.

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Ali Tahir Hashmi
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26 views2 pages

About The Fmi: Our Mission Our Vision

The Financial Modeling Institute (FMI) is a global association that aims to promote awareness and discipline in financial modeling through certification programs. It offers three levels of certification for candidates from various financial fields, with no work experience requirements. The Level 2 certification, Chartered Financial Modeler (CFM), tests advanced knowledge of topics like revenue modeling, operating costs, taxes, debt, equity, and more. It builds on the fundamentals covered in Level 1. Eligible candidates must complete Level 1 first and then pass a 4-hour exam assessing their skills in complex modeling topics and techniques. The CFM demonstrates mastery of advanced financial modeling, analysis, and Excel.

Uploaded by

Ali Tahir Hashmi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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ABOUT THE FMI

The Financial Modeling Institute (FMI) is the only globally recognized association for financial modeling

To promote the awareness and discipline of financial modeling globally through


OUR MISSION world-class exams and accreditation programs.

Increased awareness and acumen of financial modeling professionals around the


OUR VISION world.

To seek to represent the interest of the global financial modeling community.


OUR VALUES We deliver with integrity, excellence and encourage leadership, collaboration
and innovation among all candidates and members.

CANDIDATES
ACCOUNTING INSURANCE BUDGETING & FORECASTING FINANCE & TREASURY
RISK MANAGEMENT ACTUARIAL INVESTMENT BANKING M&A OPERATIONS
VENTURE CAPITAL & PRIVATE EQUITY ASSET MANAGEMENT EQUITIES & RESEARCH CREDIT

CERTIFICATIONS

LEVEL 1 LEVEL 2 LEVEL 3


ADVANCED FINANCIAL CHARTERED FINANCIAL MASTER FINANCIAL
MODELER (AFM) MODELER (CFM) MODELER (MFM)

Focuses on the fundamental skills Explores a deep and broad knowledge Tests mastery of 8 advanced topics and
required to design and build a of advanced corporate finance (project specializations including: real estate,
fully-integrated financial forecast model economics, valuation), financial resources, digital and technology, supply
of a company modeling (capital structure, M&A, LBO) chain, private equity, healthcare,
and data manipulation topics industrial markets and more

NO WORK EXPERIENCE
3 LEVELS 4-HOUR EXAMS
REQUIREMENTS

TESTING IN APRIL AND AVERAGE 25-100 HOURS SUCCESSFUL CANDIDATES AT


OCTOBER EACH YEAR SELF-STUDY PER LEVEL EACH LEVEL JOIN FMI

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LEVEL 2: CHARTERED FINANCIAL MODELER

EXCELLENCE IN FINANCIAL MODELING


Earning the Level 2 Chartered Financial Modeler (CFM) demonstrates an
advanced and thorough understanding of Financial Modeling, Financial Analysis and
Advanced Excel. This level builds on the topics covered in the Level 1 exam.

FOR PROFESSIONALS WHO:


• Work closely with team leaders to provide financial modeling insights
• Ensure projects progress according to financial modeling best practices ELIGIBLE CANDIDATES
• Use models to demonstrate the business case and “tell the story”
» Must have completed
Level 1 AFM
BODY OF KNOWLEDGE
During this 4-hour exam, candidates will complete a selection of challenging ELIGIBLE CANDIDATES
questions from the following list of complex modeling topics:
» Accounting
• Revenue: Create a detailed revenue schedule that considers allocations by » Finance & Treasury
division, geography, capacity constraints, currency issues » Investment Banking & M&A
• Operating Costs: Create a detailed cost structure that includes tiered pricing
on variable costs, multi-currency costing, semi-variable costs » Asset Management
• Depreciation: Incorporate accelerated depreciation, build functionality to » Actuarial & Insurance
prevent over-depreciation of assets
» Risk Management
• Working Capital: Detailed inventory modeling, forecast Accounts Receivable
and Accounts Payable in a monthly model » Private Equity
• Income Tax: Utilize cascading tax pools/tax losses, calculate earnings for a » Venture Capital
company in multiple jurisdictions including the impact of timing differences
• Debt: Build an advanced capital structure, incorporate multiple pieces of debt,
» Equity Research
model various debt types and covenants, sweeps, repayments and debt » Budgeting & Forecasting
sculpting, incorporate refinancing switches
» Operations
• Equity: Incorporate various concepts including convertibles, buybacks,
options/warrants, tiered dividends, and dilutive instruments » Credit
• Subsidiaries: Calculate non-controlling interests and long-term investments
• Model Automation: Create a detailed and automated summary page
KEY DETAILS
• Timing Flexibility: Automate modeling starting/ending dates, multiple timing
periods in a model • Level 2: Chartered
• Model Checking: Audit various calculation, linking, and other errors in a model Financial Modeler
• Data Management: Perform data management with large data sets
• Date: Saturday, October 24, 2020
• Sensitivity Analysis: Prepare analysis to automatically sensitize model outputs
Saturday, October 23, 2021
• Debt and Equity)
• Exam Duration: 4 hours

• Location: 30+ global cities

• No prior work experience required

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