AFIP Study Guide 2026
Everything you need to pass the AFIP exam in one place: the exam format, every topic to study, real practice questions with explanations, flashcards, and full-length practice tests. Free, no sign-up needed.
📋 AFIP Exam Format at a Glance
📚 AFIP Topics to Study (27)
✍️ Sample AFIP Questions & Answers
1. How can technology improve client management?
Technology, particularly Customer Relationship Management (CRM) systems, significantly improves client management by centralizing client data, tracking interactions, and automating communication. CRM systems enable professionals to better understand client histories, personalize services, and proactively address needs, leading to more efficient and effective client relationships. This enhances client satisfaction and retention.
2. In a simple interest auto loan, how is interest calculated each month?
Simple interest loans accrue interest daily on the outstanding principal balance, so early or extra payments reduce total interest paid.
3. In F&I compliance, 'payment packing' is best defined as:
Payment packing is an illegal practice where F&I managers inflate the monthly payment quote by embedding undisclosed products, deceiving customers into purchasing items they did not knowingly agree to.
4. Which statement about electronic documentation in Certified Association of Finance & Insurance Professionals practice is MOST accurate?
Electronic documentation must meet the same standards for accuracy, completeness, and security.
5. Which insurance type combines a death benefit with a savings component?
Whole life insurance is a type of permanent life insurance that provides coverage for the insured's entire life, as long as premiums are paid. Unlike term life, it includes a cash value component that grows over time on a tax-deferred basis. This cash value can be borrowed against or withdrawn, making it a combination of a death benefit and a savings/investment vehicle.
6. When a AFIP professional identifies a potential regulatory violation, the CORRECT first step is to:
Proper documentation and reporting through established channels ensures accountability.