How to Take a Final Exam - ALX

The final exam is an automatically graded test used to evaluate your knowledge in a program. This is still available online and you can take it on your own schedule. 

The final exam is timed with a 3-hour time limit, and there is no option to pause or stop the timer once you have started. You will need to earn at least 70% to pass to earn your program completion certificate and finance designation. 

All courses in your dashboard must be completed to unlock the final exam. The following courses will not be tested in the FMVA final exam:

  • Capital IQ Fundamentals
  • Macabacus Fundamentals
  • Presentation of Financial Information
  • Corporate & Business Strategy
  • Advanced Excel Formulas & Functions
While these courses will not be included in the FMVA final exam, you do still need to take the courses above to unlock the FMVA final exam from the dashboard.

In this article, these are the frequently asked questions regarding the Final Exams:

Is there a practice exam?
Where can I view the final/practice exam?
What is the format of the exam?
Is the final exam timed?
What is covered in the exam?
Can I retake the final exam?


Is there a practice exam? ^

Yes, there is. We recommend our students try the practice exam to prepare for the final exam. The practice exam is also a timed exam. However, it can be taken as many times as you wish.


Where can I view the final/practice exam? ^

Both the practice and final exams will be available to you once you have completed all the program's requirements. 

1

Go to the program page through these steps: 

CFI Dashboard > Courses > FMVA

2

Just click on the ' Try Practice Exam' button to practice first, or you can click on the 'See Final Exam Details' button if you are ready to take the Final Exam Note: succeeding attempts on the final exam will instead show the 'Rewrite your FMVA Final Exam' button

3

This will load a new page with the Final Exam details. You can proceed to click on ' Complete Final Exam' if you are ready

4

A pop-up message will appear to confirm your readiness to take the final exam. Just click on each statement to agree, and click on the ' I am ready, let's begin!' button.


What is the format of the exam?  ^

The FMVA exam is a multiple-choice exam containing 50 questions drawn from a randomized question bank. A minimum grade of 70% is required for passing. 


Is the final exam timed?  ^

Yes, it is. The final exam is timed and takes 3 hours to complete, so it’s important to ensure that you have enough time. Sitting for 3 hours can be physically exhausting, so be sure that you sit in a comfortable setting with no distractions.


What is covered in the exam?  ^

All of the required courses excluding the following courses:

  • Capital IQ Fundamentals
  • Macabacus Fundamentals
  • Presentation of Financial Information
  • Corporate & Business Strategy
  • Advanced Excel Formulas & Functions

Can I retake the final exam? ^

The first attempt is available to you, however, students who do not pass the exam at the first attempt will need to wait for 30 days until they can attempt the final exam again. There is no retake fee for the final exams. 

Retakes of the final exams are no longer available once you have already passed them.