FPM-100 Exam Preparation Guide: Everything You Need to Know
Are you planning to take the FPM-100 certification exam? This comprehensive guide will provide you with all the information you need to prepare and ace the exam with flying colors. The FPM-100 is a challenging exam, but with the right preparation, you can pass it on your first try.
Exam Topics
The FPM-100 exam covers various topics related to financial performance management. Here are some of the key topics you should focus on:
- Financial planning and budgeting
- Financial consolidation and close
- Financial reporting and analysis
- Financial dashboards and scorecards
- Financial modeling and forecasting
Exam Details
Exam Cost
The cost of the FPM-100 exam is $250. This fee is non-refundable and must be paid when you register for the exam.
Exam Duration
The FPM-100 exam is a computer-based test that takes three hours to complete.
Exam Format
The exam consists of 60 multiple-choice questions. You will have to select the correct answer from four options. The questions are designed to test your knowledge and skills related to financial performance management.
Passing Score
To pass the FPM-100 exam, you need to score at least 70%. If you fail the exam, you can retake it after a waiting period of 30 days.
Delivery Method
The FPM-100 exam is available worldwide and can be taken at any Pearson VUE testing center. You can also take the exam online from the comfort of your home or office.
Difficulty Level
The FPM-100 exam is considered to be moderately difficult. It requires a good understanding of financial performance management concepts and best practices.
Prerequisites of the FPM-100
To take the FPM-100 exam, you need to have a basic understanding of financial accounting principles and practices. It is also recommended that you have some experience in financial performance management.
Benefits of the FPM-100 Certification
The FPM-100 certification is a globally recognized credential that demonstrates your expertise in financial performance management. Here are some of the key benefits of getting certified:
- Increased job opportunities
- Higher salary potential
- Enhanced credibility and reputation
- Improved skills and knowledge
- Professional growth and development
FPM-100 Exam Preparation Guide
1. Understand the Exam Format
It is essential to understand the format and structure of the FPM-100 exam. Knowing what to expect will help you prepare better and feel more confident on exam day.
2. Review the Exam Topics
Reviewing the exam topics is critical to ensure you have a good understanding of the concepts and best practices related to financial performance management. Make sure you cover all the topics listed above.
3. Take Practice Tests
Practice tests are a great way to assess your knowledge and identify areas where you
need to improve. There are many practice tests available online that simulate the FPM-100 exam. Taking these tests will help you get familiar with the exam format and test your knowledge and skills.
4. Use Study Materials
Using study materials such as textbooks, online courses, and video tutorials can help you learn and reinforce key concepts related to financial performance management. Make sure you choose high-quality study materials that cover all the exam topics in detail.
5. Join a Study Group
Joining a study group can be beneficial as you can discuss and learn from other candidates who are also preparing for the exam. You can share study materials, discuss difficult concepts, and get tips on how to prepare effectively.
6. Create a Study Plan
Creating a study plan can help you stay organized and focused during your exam preparation. Identify your strengths and weaknesses and allocate your study time accordingly. Make sure you give yourself enough time to prepare and revise before the exam.
Conclusion
The FPM-100 certification is a valuable credential that can help you advance your career in financial performance management. To pass the exam, you need to have a good understanding of the exam topics and be well-prepared. Use this guide to create a study plan and prepare effectively for the exam. Good luck!