Associate10 questions30 minutesPass mark 70%

Financial Modelling

Core three-statement modelling, time value of money, and Excel best practices. The foundational Veritas credential.

The Associate exam validates that you can build and reason about a clean, integrated financial model. Topics covered: • The three financial statements and how they link • Time value of money: NPV, IRR, discounting • Working capital and the cash conversion cycle • Depreciation, capex and the fixed-asset roll-forward • Excel modelling best practices and error-proofing Format: multiple-choice, auto-graded. You need 70% to pass.

Before you begin — proctoring notice

• This exam is proctored by the Sentinel engine.
• You'll be asked to enable your camera and microphone. The exam will not start until you do.
• Tab switches, focus loss, leaving full-screen and copy/paste are detected and logged to your attempt's integrity record.
• Stay on this tab and keep the window focused for the whole exam.