Programme overview
The FSA Credential Level II (Practices) builds on Level I and focuses on applying sustainability-related financial information in analysis and valuation. Developed and conferred by the IFRS Foundation, Level II is case-study based and prepares delegates to evaluate how sustainability-related risks and opportunities affect a company's performance and value. The programme covers identifying and classifying sustainability issues, normalising and comparing data, assessing financial effects by timing, likelihood and magnitude, and integrating sustainability into company valuation using DCF, ROIC, and EVA. Passing Level I is a prerequisite for Level II. The programme is delivered over 5 days, either in-person at our training centre or online, with the schedule arranged to suit each group.
Certification & Recognition
This programme prepares delegates for the IFRS Foundation's FSA Credential (Level II, Practices) examination. Delegates receive a Novera Legacy Integrated Solutions Certificate of Completion upon successful participation and assessment.
Exam information
Prerequisite: Level I exam must be passed before sitting the Level II exam.
- Exams are set by the IFRS Foundation and taken through Pearson VUE, either at a test centre or online.
- The Level II exam has 55 multiple choice questions based on 13 case studies.
- Each exam lasts 2 hours.
- Testing windows run from January to February, May to June and September to October.
The Novera Legacy certificate is a certificate of completion for this preparation programme. The FSA Credential itself is conferred by the IFRS Foundation to candidates who pass both the Level I and Level II exams.
Programme Curriculum
- Understanding and analyzing sustainability-related risks and opportunities at industry and company levels
- Exploring and classifying sustainability issues using the five factors for assessment
- Normalising sustainability-related financial information for comparison over time, against peers and targets
- Analyzing variations in industry performance: statistical distributions, outliers, and data quality
- Evaluating company-specific context: external environment, governance, strategy, and risk management
- Analyzing the financial effects of sustainability-related risks and opportunities
- Assessing financial effects in terms of timing, likelihood, and magnitude
- Integrating sustainability-related financial information into company valuation using DCF analysis
- Integrating sustainability considerations into returns and profitability analysis using ROIC and EVA
- Applying sustainability-related financial analysis in practice to support company comparisons and valuation
Learning Outcomes
Upon successful completion, participants will be able to:
- Evaluate how a company's business model and external environment influence the applicability of disclosure topics in ISSB industry-based guidance.
- Identify sustainability-related risks and opportunities and their typical effects on a company's prospects, using the five factors.
- Differentiate methods for normalising sustainability-related financial information to assess performance over time and against peers.
- Compare sustainability-related financial data in light of companies' external environments, governance, strategies, and risk management.
- Associate sustainability-related performance metrics with potential financial effects, considering timing, likelihood, and magnitude.
- Connect sustainability-related financial information with its corresponding financial effects on a company.
- Translate sustainability-related financial information into appropriate company valuation model adjustments.
Who This Programme Is For
Professionals who have passed the FSA Credential Level I exam and want to apply sustainability data in financial analysis and valuation: investors, analysts, auditors, corporate finance and sustainability professionals, and consultants.
Enquire about this programme
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