FSA® Credential Level II Exam Preparation:
Sustainability Analysis & Financial Valuation
/ Evaluate What Matters. Compare with Context. Connect Performance to Value.
Course
Description
This advanced preparation course builds the application and analysis skills required for the FSA® Credential Level II examination. Built around the licensed FSA Credential Level II curriculum, it examines how company- and industry-specific circumstances shape sustainability-related risks and opportunities, how sustainability-related financial information can be normalised for meaningful peer and industry comparison, and how sustainability performance may affect revenue, expenses, assets, liabilities and cost of capital.
Through structured learning, company and industry examples, case-based exercises, exam-focused practice questions and a personalised study plan, participants learn to assess financial effects and connect sustainability information with financial analysis, investment decision-making and valuation.
Learning
Outcomes
By the end of the course, participants will be able to:
evaluate how industry characteristics, company-specific circumstances, external operating context, governance and management practices influence sustainability-related risks and opportunities affecting a company’s financial position, performance and prospects;
apply the Five Factors framework to assess sustainability-related risks and opportunities, including their potential interrelationships and implications for company performance;
normalise sustainability-related financial information and analyse data distribution, outliers, data quality and industry dispersion to support meaningful peer comparisons and analysis over time;
compare companies’ sustainability performance in the context of their operating environment, strategy, governance and risk-management decisions;
connect sustainability metrics with potential financial effects on revenue, expenses, assets, liabilities and cost of capital, and translate the resulting insights into valuation model adjustments; and
demonstrate Level II application and analysis skills through case-based, exam-focused practice questions and exercises.
Course
Structure
The preparation course combines the FSA Credential Level II curriculum with structured learning, company and industry examples, case-based exercises, knowledge checks and exam-focused practice. Participants progress through the three official Level II curriculum parts before completing a dedicated exam-preparation session.
Introduction
- Orientation, learning objectives and Level II exam format
- Review of relevant Level I concepts and the case-based preparation approach
Part 1:
Identifying the Sustainability Issues Relevant to Financial Performance
- Industry, company-specific and external-context factors
- Governance, management practices and interrelated risks and opportunities
- Applying the Five Factors framework to support decision-making
Part 2:
Evaluating the Comparability of Sustainability Information
- Normalising sustainability-related financial information
- Data distribution, outliers, data quality and industry dispersion
- Comparing peer performance in company-specific and external context
Part 3:
The Connection Between Sustainability Performance and Valuation
- Assessing the timing, likelihood and magnitude of financial effects
- Connections with revenue, expenses, assets, liabilities and cost of capital
- Valuation implications, an overview of DCF concepts and scenario analysis
Part 4:
Level II Exam Preparation
- Case-based, exam-focused practice questions and exercises
- Practice in normalisation, comparison and financial-impact analysis
- Personalised study planning, targeted feedback and trainer Q&A
Wrap-Up
- Summary, final knowledge check and next steps towards completing the FSA® Credential
Together, the course progresses from identifying sustainability-related risks and opportunities relevant to financial performance, through comparing company and peer performance, to evaluating financial effects and valuation implications while preparing systematically for the case-based Level II examination.
Who Should Attend
This advanced course is particularly suitable for:
sustainability, ESG, CSR and corporate reporting professionals;
corporate finance, FP&A, valuation, risk and strategy specialists;
investment analysts, portfolio managers, asset managers and equity researchers; and
consultants, internal and external auditors, assurance professionals and professional advisers.
The course is designed for candidates who have passed the FSA® Credential Level I examination and are ready to develop advanced application and analysis skills in evaluating and comparing sustainability-related information and interpreting its financial implications.
Course
Information
Duration:
Live formats are delivered over 2 days
Language:
English
Delivery Options:
Self-Paced Online, Scheduled Live Online, Face-to-Face at the University of Sarajevo, or tailored organisational delivery worldwide
Exam Prerequisites:
Passing the FSA Credential Level I examination
Required Exam Registration:
A paid FSA® Credential Level II examination registration is required before course enrolment can be confirmed. Candidates may purchase the examination through the University of Sarajevo or independently, subject to verification
Recommended Preparation:
Participants are encouraged to review Level I content—particularly the ISSB Standards and financial materiality—familiarise themselves with industry-specific metrics and the SASB Standards, and practise case-based reasoning
Course Materials:
Applicable licensed FSA Credential Level II Study Guide, University preparation materials, case-based exercises, knowledge checks and exam-focused practice questions
Certificate:
Digital University of Sarajevo Certificate of Completion showing the approved CPD hours for the selected learning format
Approved CPD Hours:
Live Online and Face-to-Face:
Self-Paced Online:
FSA Credential Pathway:
This course prepares candidates for Level II, the second and final FSA® Credential examination. After passing the official Level II examination, candidates become FSA Credential Holders and are listed in the IFRS Foundation’s online FSA Credential directory
Official Level II Examination:
55 multiple-choice questions associated with 13 cases · 120 minutes; administered separately through Pearson VUE, the IFRS Foundation’s official testing partner, either at a Pearson VUE test centre or online with a remote proctor
Preparation
Fees
Published fees are per participant and cover the University of Sarajevo’s FSA® Credential Level II preparation programme.
The Preparation Fee Includes
- Structured preparation aligned with the FSA Credential Level II curriculum
- Study Guide, case-based exercises, knowledge checks and exam-style questions
- Trainer guidance, feedback and mentorship, as specified for the selected learning format
- Certificate of Completion showing the approved CPD hours
Required FSA® Level II
Examination Registration
Candidates must have passed the FSA Credential Level I examination and hold a paid FSA® Credential Level II examination registration before course enrolment can be confirmed.
Candidates may:
- purchase the examination through the University of Sarajevo’s Approved Education Provider route at the applicable preferential fee; or
- purchase the examination independently before enrolling and provide the information required for verification.
Preferential Level II Examination Fees — Save Up to 25%
The preferential fees below are available only when the examination is purchased through the University of Sarajevo. The applicable fee is determined by the candidate’s country of residence and the corresponding World Bank income classification.
Candidates who have already purchased the Level II examination independently may still enrol after their examination registration has been verified. In that case, only the University preparation fee is payable
Group & Tailored
Programme Options
- 10% discount on the University preparation fee for groups of five or more participants from the same institution
- Custom pricing for larger groups, institutional programmes and donor-funded initiatives
- Tailored programmes available worldwide are quoted separately according to group size, format, location and logistical requirements
The group discount applies to the University preparation fee and not to the FSA® examination
Meet Your FSA Trainers
Expertise You Can Trust.
This course is delivered by a member of our FSA training team. Every trainer is an FSA Credential Holder, with first-hand knowledge of both examination levels and professional expertise in the IFRS Sustainability Disclosure Standards, financial materiality and sustainability-related financial analysis.
GRI Professional
Selected International
Areas of
Ready to Prepare for the
FSA® Level II Exam?
Develop advanced application and analysis skills to evaluate sustainability-related risks and opportunities, normalise and compare sustainability information, and connect performance with financial effects and valuation through structured, case-based preparation.
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