While it varies for each candidate, SASB estimates 25 hours of preparation for each of the FSA Credential exams. The Level I exam covers essential concepts and emerging practices and some of the content may be familiar to certain individuals, reducing their study time. SASB recommends that every candidate at least review every section of the study guide. The Level II exam is closely tied to the study guide but does not require experience with a particular industry or industries.
The exam is offered at more than 350 proctored locations in the United States. The exam is also available in a remote, online proctored environment anywhere in the world, pending certain requirements are met. For more information, please see the Exam Day page.
You can take the exam outside the United States with a secure online proctor if you have a reliable internet connection, a disturbance-free testing location, and an external web camera. For more details, please see the Candidate Handbook.
Yes, this involves canceling your current proctor format and scheduling a new exam with the new proctor format. You must contact SASB to help you with this. Email FSA@sasb.org or call 424-261-9930.
To reschedule your exam, you must select a new date and time before the rescheduling deadline. If you registered for an on-site proctored exam, the deadline is 72 hours prior to the scheduled exam date and time. If you registered for a remote proctored exam, the deadline is 24 hours prior to the scheduled exam date and time. For more information, please see the Candidate Handbook.
Your progress will be automatically saved, along with your selected answers and your exam timer. To re-start your exam, contact KRYTERION Technical Support at 1-877-313-2008 or 1-602-659-4679.
The study guide, exam questions, and all other materials are only offered in English.
CFA members that complete the FSA Credential are eligible for up to 20CE credits for each of the two FSA exam levels obtained.
The FSA Credential helps you identify, quantify, communicate, and analyze the sustainability factors that impact a company’s value. These skills are valuable for professionals at a wide range of organizations.
Yes, at least if you are interested in understanding:
- how material sustainability information can provide insights into a company’s opportunities and risks, and/or
- the impact of sustainability on a company’s operating performance or financial value.
The Fundamentals of Sustainability Accounting (FSA) Credential exams are assessment-based certificate exams. The Institute for Credentialing Excellence describes the difference between an assessment-based certificate program and a certification on its website. The FSA Level I exam is highly rigorous – developed by a wide range of subject matter experts, overseen by experts in exam development, with a proctored, secure testing environment. When candidates complete a certificate program, they do not receive letters after their name. FSA candidates can identify themselves as FSA Credential holder after they pass both the Level I and Level II exams, as described in the Candidate Handbook and on the FSA website.
CSR (or corporate social responsibility) can mean many things, but the FSA Credential is relevant for professionals involved in financial reporting, investment analysis, and sustainability management, which may or may not be related to CSR at a given company.
Renewing your credential every year provides access to special benefits, including the inclusion of your name in the online database. The renewal process is simple and involves a $50 annual maintenance fee. Visit the Renewing your credential page for more information.
The basic principles of sustainability accounting are unlikely to change over time, but there may be new laws and developments. At this time you do not have to take another exam. However, in the future continuing education may be necessary for FSA credential holders. Any changes will be announced with significant advanced notice to those who have maintained their FSA credential.
There are three key differences:
- The study guide teaches a methodology for analysis instead of context, facts and figures, and principles
- The exam tests application and analysis skills relevant to understanding a company’s performance
- The exam features a series of case studies, with a set of questions analyzing each case study
Note that the Level II exam provides a methodology for analyzing sustainability information, rather than dictating that a specific investment decision or corporate strategy is correct.