Welcome to the Advanced Finance/ERM (Enterprise Risk Management) Exam home page! Please review all of the information and links provided below.

Advanced Finance/ERM is a written–answer examination offered in the spring of each year.
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The syllabus for this exam covers advanced financial issues and enterprise risk management. The candidate is exposed to methods for risk identification, quantification and valuation, and techniques for risk management. The course of reading also addresses the enterprise risk management framework and process.

This exam is required for candidates seeking the CERA designation and candidates completing the Finance/ERM specialty track for Fellowship.

Syllabus with Learning Objectives/ Outcomes and Readings   Updates–Updated 04.13.09 FSA Exams Book List   Study Note Order Form   Past Exam Questions and Solutions Rules and Regulations   Registration Information Online Registration Application Form   List of Examination Centers   Examination Center Locations    Refunds Information on Special Centers

Advanced Finance/ERM Exam Date: Friday, May 1, 2009 Time: 8:30–11:45 a.m. and 1:30–4:45 p.m. (Includes read–through time) Deadlines Registration: Wednesday, March 25, 2009 Refund/Cancelation: Thursday, April 30, 2009 Fees   Admission to Examination Center Acknowledgement Letter Approved Calculators Food and Beverage in Exam Room Signature on Exam Answer Sheets and Envelopes Bilingual Examinations in Canada Arrangements for Candidates with Disabilities Frequently Asked Questions Purpose of Learning Objectives/Outcomes Study Methods Suggestions for Taking Written–Answer Examinations Use of the Case Study Review Seminars and Workshops Distributors of Textbooks and Study Manuals