AI PAS level A CERTIFICATION EXAM

AI PAS level A certificate confirms not only basic knowledge but also practical experience and ability to apply this knowledge in real situations. To be eligible for level A exam one must have completed higher education (not necessarily financial), and at least 1 year work experience in positions related to economic planning, companies’ finances, corporate lending, or consulting. Level A certificate also confirms that an expert has necessary knowledge and experience to analyze investment projects and develop business plans independently, knows and understands the fundamental principles of assessment of project efficiency and development of strategic budgets, able to perform as a project manager.

Level А confirms ability of an expert to handle actual situations, apply appropriate approaches and represent results correctly. That’s why level A exam consists of 7 tasks each of which is based on a real-life situation and requires simultaneous application of many notions from the list.

Tasks require detailed solutions, draw conclusions and their justification. To pass the exam successfully one must solve at least 5 problems correctly. Exam is held in a computer class using MS Excel.

Contents of tasks:

1. Reports interconnection analysis. Situation: three financial reports. Some fields of one report are blanc. It is necessary to fill them out, drawing on data from the other two reports.

2. Choosing the discount rate. Situation: initial conditions of the investment project. It is necessary to substantiate the discount rate that will be applied in the project.

3. Investment project costs structure. Situation: brief description of the investment project. It is necessary to form project investment costs and operating costs structure.

4. Efficiency ratios calculation. To calculate efficiency ratios for certain cash flow and discount rate.

5. Financial condition analysis. To answer some questions about company’s financial condition basing on financial statements, and support answers with financial ratios.

6. Constructing a financial model. To construct a financial model, based on project’s data and prove (or disprove) the assumption that the project is efficient.

7. Business plan structure. To form business plan contents from the general description of a project and briefly describe each section.

Each level A task is based on real data, and its solution requires not only the knowledge of methodologies and ratios, but also understanding the essence of the analysis, as well as general familiarity with characteristics of similar projects and companies used in practice.

Estimated time for the exam — 4 astronomical hours with the right of one break for no longer than 10 minutes on an individual basis.

List of candidates, confirmed their qualification level are published on Alt-Invest website 4 weeks after the date of the certification exam.

Certificates are distributed (handed out) within 5 working days after the test results publication on Alt-Invest website.

If a candidate fails, he\she may request information about the incorrect solutions. A request must be sent no later than one week after the publication of the succeeded candidates list.

Upon receiving an answer, a candidate has an opportunity to appeal during a week. The appeal will be reviewed no longer than 2 weeks, and after that the final result of the examination is announced, without any possibility of further appeal.

Price for level A exam is 5 000 rubles per specialist.

Manager: Tatyana Orlova, tel. (812) 448–83–89, orlova@alt-invest.ru

Registration…