On the New Exam: In short, it's tougher than the old version. Although there are lesser pages in the study guide (35% less), more emphasis will be placed on applying the knowledge and skills taught. All new IBF exams will come with Multiple-Response questions, which means that instead of choosing one of the correct combinations (e.g. "I & II only"), you will need to tick 2 or more of the 4 checkboxes correctly to score. So, no more using of "rule out" strategy when tackling such questions. Click here for IBF's EXAM FAQ.
About the Exam
- 80 MCQs (computer-based)
- Including about 40% questions involving calculations
- Duration: 2.5 hours
- Passing score: 70%
- Exam Fee: $330/$400 (Member/Non-Member) $20 off if subsequent attempt.
From 1 January 2019, CFA credential holders are exempted from CACS Paper 2. Covered Persons will still need to pass CACS Paper 1 to be deemed to have completed the CACS Assessment.
- 801 unique practice (mock exam) questions in all packages
- 6 Hrs of E-Learning tutorial video content offered in Success package or higher
- Infinite practice questions involving math formulas via patent-pending Mathathon, offered in Elite package or higher
A recommended study time of 50 Hrs is recommended to prepare for this exam.
Up to Date, Latest Edition
CMFAS Academy has always been the first in the industry to update its material and content to align to any change or update in the official exam syllabus.
Certificate of Completion
Obtain proof of your learning efforts, even before you pass the exam. Available upon request if you clear at least 90% of the practice questions.
For full pricing information, click here: Pricing
How to Sign Up for Learning
1. Registering an account by itself is FREE. It can be done either by using your Facebook account, Google account, or completing a sign up form using your e-mail address. A free member may get free trials to our content and access to free resources.
2. After logging in to your account, click on "Subscribe".
3. Choose the exams you need to clear, pick the desired package(s) for each exam.
4. Pick the desired payment method. You will only be billed one time (non-recurring).
Official Study Guide and Booking of Exam Date
CMFAS Academy is a private institution offering online e-learning programs to help candidates pass the exams. The official administrator of the exams are Institute of Banking & Finance (IBF) and Singapore College of Insurance.
Candidates who are unsure which exam to take should check with the compliance department of the company. To book for the exam, please register online through the official websies of IBF or SCI College.To Top