IFRS Foundation

Level I Exam

The FSA Level I exam is two hours long and consists of 110 multiple choice questions that test candidates’ understanding of the principles and practices of sustainability accounting.

How to Prepare

Upon registering for the FSA Level I exam with Pearson VUE, candidates receive a link to download the Level I study guide for self-study. The study guide contains the full body of testable material, defined by 20 Learning Objectives. The study guide also provides a set of practice questions with explanations of correct and incorrect answers. It is recommended that candidates spend about 30 hours preparing for the exam. For additional exam preparation support, explore the Approved Education Providers program.

Download Sample Practice Questions

What You Will Learn

The FSA Level I curriculum consists of three parts:

Part I: The Need for Sustainability Disclosure Standards

Provides the historical rationale for sustainability accounting and standardized disclosure; describes how materiality has traditionally been understood in the capital markets and how it is applied to sustainability information; and describes the sustainability disclosure ecosystem and the factors that influence the supply and demand of ESG data across capital markets.

Part II: Understanding SASB Standards

Describes why an industry-based approach to identifying the sustainability information relevant to enterprise value creation helps companies, investors, and global capital markets; provides examples of SASB disclosures.

Part III: Using SASB Standards

Explores how businesses and investors use financially material sustainability information and outlines considerations for using SASB Standards.

Download Curriculum Outline

Study Guide

Registrants can download the study guide at any time. Simply enter the code received upon registration below.

Get Ready For Exam Day

Confirm the exact time and location of the exam by referring to the registration confirmation email received upon payment and initial scheduling.

Requirements for exam day will vary depending on your type of exam (remote or in-person) and testing location. For guidance on what to expect from the registration process and testing environment, view this Testing Tips and How-To Guide.

FAQs

The study guides are automatically sent to each candidate after they register for an exam in an email with the subject line “Confirmation of Pearson Exam Appointment.” Registrants can also download the study guide at any time using the code received upon registration.

On any day of the year, you may register for the FSA exams and choose an exam date within one of three exam periods: January-February, May-June, and September-October. Multiple test times are available on whatever exam day you choose.

For example, if a candidate wants to register for an exam on March 30th, they can choose to take the exam on any available day in May or June. If the candidate wants to register for an exam on May 15th, they can take the exam on any available day in the rest of May or in June. If the candidate wants to register on June 1, they can choose from test days in June or choose to take the test on any available day in September or October.

While it varies for each candidate, the Value Reporting Foundation recommends 30 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. Every candidate should review the curriculum in its entirety and utilize the practice exercises and questions provided in each study guide.

Yes. Both in-person and online exams are monitored by a Pearson Vue proctor. Each candidate must verify their identity and meet requirements to ensure the integrity and security of the testing experience.

Candidates can reschedule their exam with more than forty-eight (48) hours notice by logging in to the Pearson VUE online portal or by contacting Pearson VUE.

If exam rescheduling is not complete and confirmed with more than 48 hours of advanced notice, the candidate will face a reschedule fee of $60. If a candidate needs to reschedule within the 48 hours, they can do so by contacting Pearson VUE.

Candidates must pass the Level II exam within two years of passing Level I. If a candidate does not pass the Level II exam within two years, they must retake the Level I exam and then pass the Level II exam to earn the FSA Credential.

You can email us at [email protected] or call 424-261-9930 and we will get back to you as soon as possible.

Register Now

You must pass both exams to get a FSA Credential

You must pass both exams to earn the FSA Credential

Register Now

Level I Exam
Level II Exam
What’s covered?
Learn how sustainability factors impact enterprise value and investment performance
Gain skills to evaluate corporate performance on sustainability factors
Next testing window if you sign up today
September 1 - October 31, 2022 or January 1 - February 28, 2023
September 1 - October 31, 2022 or January 1 - February 28, 2023
Non-Members
$450
$650
Alliance Members
$400
$500
Prerequisite
None
Passing Level I
You can reschedule or cancel up to 48 hours before the exam via the Pearson Portal.


For more information about Alliance Membership, visit the IFRS Sustainability Alliance page.

What’s covered?Learn how sustainability factors impact enterprise value and investment performance
Next testing window if you sign up todaySeptember 1 - October 31, 2022 or
January 1 - February 28, 2023
Non-Members$450
Alliance Members$400
PrerequisiteNone
You can reschedule or cancel up to 48 hours
before the exam via the Pearson Portal.

If you are looking for additional study support, you can sign up with one of our
Approved Education Providers
What’s covered?Gain skills to evaluate corporate performance on sustainability factors
Next testing window if you sign up todaySeptember 1 - October 31, 2022 or
January 1 - February 28, 2023
Non-Members$650
Alliance Members$500
PrerequisitePassing Level I
You can reschedule or cancel up to 48 hours
before the exam via the Pearson Portal

If you are looking for additional study support, you can sign up with one of our
Approved Education Providers

Group Registration

Businesses can pre-purchase FSA registrations for a group of staff. Organizations that choose this path are eligible for discounts based on the number of employees registered (see below), gain access to an expanded testing calendar, and have the option to participate in a group Q&A session with a staff member. Please email [email protected] if you are interested in purchasing group registration for your organization.

Number of Candidates
Amount per person for Level I + Level II
Discount
5-29 candidates
$900 (Level I and II can be purchased separately: $400 and $500, respectively)
18%
30-49 candidates
$850 (combined price for Level I and II, purchased as package)
22%
50+ candidates
$800 (combined price for Level I and II, purchased as package)
27%

Group Registration

Businesses can pre-purchase FSA registrations for a group of staff. Organizations that choose this path are eligible for discounts based on the number of employees registered (see below), gain access to an expanded testing calendar and have the option to participate in a group Q&A session with a staff member. Please email [email protected] if you are interested in purchasing group registration for your organization.

Number of Candidates5-29 candidates
Amount per person for Level I + Level II$900 (Level I and II can be purchased separately: $400 and $500, respectively)
Discount18%
Number of Candidates30-49 candidates
Amount per person for Level I + Level II$850 (combined price for Level I and II, purchased as package)
Discount22%
Number of Candidates50+ candidates
Amount per person for Level I + Level II$800 (combined price for Level I and II, purchased as package)
Discount22%

Register Through an Approved Education Provider

Attend Live
On - Demand
Candidates can choose from a range of options for additional exam preparation support beyond self-study. Attend a self-paced online course, work with an instructor in real-time or earn the Credential as part of a degree or executive education track via the Approved Education Providers.

The exam registration fee is included in the price of each course. The Approved Education Provider will supply course details, additional study materials, and a voucher to register for the exam with Pearson VUE. Pricing, additional resources and time commitment vary by Provider.
Earth Academy

Open to all

Fordham University

For degree-seeking students

Course page coming soon!
Marquette University

For executive education students

ISOS Group

Open to all



Register Through an Approved Education Provider

Candidates can choose from a range of options for additional exam preparation support beyond self-study. Attend a self-paced online course, work with an instructor in real-time or earn the Credential as part of a degree or executive education track via the Approved Education Providers.

The exam registration fee is included in the price of each course. The Approved Education Provider will supply course details, additional study materials and a voucher to register for the exam with Pearson VUE. Pricing, additional resources and time commitment vary by Provider.

Attend Live
On - Demand
Earth Academy

Open to all

Fordham University

For degree-seeking students

Course page coming soon!
Marquette University

For executive education students

ISOS Group

Open to all

Course page coming soon!