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Exam FM is a three–hour multiple–choice examination and is offered via computer-based testing (CBT).
Computer Based Testing is a Two Step Process:
The syllabus for Exam FM develops the candidate's understanding of the fundamental concepts of financial mathematics, and how those concepts are applied in calculating present and accumulated values for various streams of cash flows as a basis for future use in: reserving, valuation, pricing, asset/liability management, investment income, capital budgeting and valuing contingent cash flows. A basic knowledge of calculus and an introductory knowledge of probability is assumed.
Recognized by the Canadian Institute of Actuaries.