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    The AFM exam from FMI, Canada

    Four hours.An empty Excel file.A full financial model.

    That is the exam. Memorising does not help: either you can build the model or you cannot. At ⁦Finance Life Academy⁩ you practise it from the first lecture, live on Zoom, with Mohamed Fakhry.

    This site uses the colours of a model

    • Blue: input, a hard-coded value
    • Black: formula
    AFM_Model.xlsxFMI · AFM
    #
    A Item
    B Type
    1
    Revenue and cost schedules
    Schedule
    2
    Working capital and CCC
    Schedule
    3
    Fixed assets and depreciation
    Schedule
    4
    Debt schedule
    Schedule
    5
    Income statement
    Statement
    6
    Balance sheet
    Statement
    7
    Cash flow statement
    Statement
    8
    Scenarios: base, best, worst
    Analysis
    9
    Sensitivity analysis
    Analysis
    10
    Full AFM exam preparation
    Exam
    The order of the model you build by hand in the AFM course. The arrows show which schedule feeds which statement, like Trace Precedents in Excel.

    The numbers behind the course

    • 36hoursof hands-on AFM training
    • 4hoursfor the practical AFM exam
    • 1lecturelive on Zoom every week, over 2.5 to 3 months
    • 80+countriesrecognise the AFM, as the academy has published
    • 24+yearsof finance and banking work behind Mohamed Fakhry

    Pick the program that fits your work

    FMI, CanadaAFM.xlsx

    AFM

    ⁦Advanced Financial Modeler⁩

    You build a full financial model, link the three statements, and practise on real exams until exam day.

    Length
    36 hours
    Format
    One live Zoom lecture a week
    Exam
    4 hours, hands-on in Excel
    Payment
    Installments available
    In ArabicTMP.xlsx

    TMP

    ⁦Treasury Mastery Program⁩

    Liquidity, cash flow, bank facilities, letters of guarantee and letters of credit, with ready Excel models.

    Content
    12 modules
    Files
    More than 12 Excel files
    Every module
    An MCQ bank and a full recording
    Certificate
    With a documented serial number

    Also: FMVA, ⁦Finance for Non-Finance Managers⁩ and ⁦AI in Finance⁩. Their details and dates come on WhatsApp.

    Ask about them

    A certificate that measures your work, not your memory

    In the AFM exam you open an empty Excel file, and in 4 hours you hand in a complete financial model. Like a real task at work.

    AFM next to CPA and CFA
    CertificateMakes you stronger in
    CPAAccounting and audit
    CFADeep analysis and investment
    AFMMoving from reading numbers to building models that support real decisions

    Students who passed the FMI exam

    Real AFM certificates issued by the ⁦Financial Modeling Institute⁩ to the academy's students. Tap one to see it in full.

    Mohamed Fakhry
    Cropped from a poster on the academy's Facebook page.

    Mohamed Fakhry

    Finance Trainer and AFM program director

    More than 24 years in finance, banking and financial planning, at major companies and banks. His work covers finance and treasury, financial planning, dealing with banks and facilities, liquidity and working capital, and risk and hedging.

    Certifications

    • AFM
    • FMVA
    • CBCA
    • CMSA
    • FTIP
    • FPAP

    More about the academy

    From students' messages

    • مستوى الشرح فوق الممتاز. اسلوب المحاضر ممتاز ايضا

      The explanation is beyond excellent. The instructor's style is excellent too.

    • كل الاحترام والتقدير لسيادتك طبعا وصلنا للمرحلة هذه بعد الله ثم حضرتك. انا مش عارف اشكرك ازاي

      All respect to you. We reached this stage thanks to God and then to you. I do not know how to thank you.

    • مبسوط جدا وان شاء الله نخرج من الكورس على درجه عاليه من العلم مع الدكتور محمد بأذن الله. شكرا جدا للتيم الجميل دا

      Very happy, and God willing we finish the course with a high level of knowledge with Dr. Mohamed. Many thanks to this lovely team.

    Messages the academy posted on Facebook on 1 May 2026 as "Client review", without names. Shown in the original Arabic with a translation.

    Booking starts with a message

    1. Message us on WhatsApp

      Name the program you have in mind, or ask if you are not sure.

    2. The team replies

      With the current price, the date of the next round, and any discount running. Prices and discounts change, so we send them at the time.

    3. Confirm your place

      Places in a round are limited and go in order of registration.

    Message us on WhatsApp010 60610761 / 010 04882656

    Rather not open WhatsApp?

    Leave your name, number and program. The team calls you back with the price and the date.

    We have your request.

    The team will contact you on the number you gave.

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