AFE:Learn More About Accredited Financial Examiner Exam

Author: Jessica J. Newell

AFE PDF Kits Accredited Financial Examiner is a designation provided by one of the most reputed organization, which is providing the world with financial examiners since 1974. This organization named "Society of financial examiners" works with financial examiners form banks, insurance companies and credit unions.

This organization was established in 1974 with just few members but currently it has 1700 members which are representing total of 50 states which includes Canada, Columbia and Netherlands too. SOFE organization was started with the aim to implement professional code of conduct and global standardization in the field of financial examining. Even after 40 years the basic purpose of this organization is same of servicing, networking, AFE Training and certification of these financial examiners form all over the world.

Exam AFE- A Detailed Description:

AFE Study Kits Accredited Financial Examiner is someone who is responsible for reviewing the financial records of a company in the most transparent manner. It is his duty to see if a company is complying with all the rules and regulations or not.

AFE Brain Dumps Accredited Financial Examiner would examine balance sheets, income statements, loan risks and bank statements and further would maintain the policies and guidelines in the most appropriate manner. They can also establish new laws and policies for the concerned bank or any other financial institution.

Series of four Exams Details:

In order to get the AFE Preparation Material designation one is required to pass 4 exams. This is the first requirement of this particular designation. First of these four exams is related to the fundamentals of life and health insurance, basic and advanced level of information regarding these insurances is tested in this exam. Next to follow in line are the fundamentals of property and liability insurance, this exam is based on all the technical and theoretical points of property and liability dealings.

After these two exams, next in line is accounting of life and health insurance, this would AFE Test all the numerical concepts of the topic and last exam would be accounting for property and liability insurance, this again would test the practical approach of this topic. After clearing all these exams, one would get the title of Accredited Financial Examiner.

Additional Requirements and Exam Guidelines:

  • One must obtain a bachelor’s degree in accounting and meeting the course requirements listed on the Society of Financial Examiner’s website.
  • One must have the business experience of two years.
  • Membership of "Society of Financial Examiners" is mandatory.
  • Application for the AFE designation must be approved by the Insurance Membership committee.
  • To qualify for AFE designation it is mandatory that one must be an employee of an insurance company.
  • Exam can be given on any date of the year; there is no restriction on that.
  • Exam fee associated with this exam is $150 for members, $200 for non-members, and $75 for re-exam.

Conclusion:

All in all one can say that this is a very valuable offering in the field of accounting therefore all the concerned people must really look forward to it. This AFE Certification Book is highly recognized at global level.

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