Practice Test Geeks(PFS) Personal Financial Specialist Practice Test
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Classroom Management & Support Flashcards

7 cards from real PFS practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

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  1. How many hours of continuing professional education (CPE) must a PFS credential holder complete during each 3-year renewal cycle?

    Answer: 60 hours

    AICPA requires PFS holders to complete 60 CPE hours per 3-year renewal cycle, with a minimum of 60 of those hours in personal financial planning topics.

  2. Which organization administers and awards the Personal Financial Specialist (PFS) credential?

    Answer: AICPA

    The AICPA (American Institute of CPAs) exclusively administers the PFS credential, which is available only to licensed CPAs.

  3. A PFS candidate must have a minimum of how many hours of personal financial planning experience to qualify for the credential?

    Answer: 3,000 hours

    Candidates must document at least 3,000 hours of personal financial planning experience within the 5 years preceding the application.

  4. Which of the following CPE formats is generally NOT accepted for PFS credential renewal?

    Answer: Self-study courses completed without an assessment

    Self-study CPE must include a qualifying assessment (quiz or exam) to count; passive reading or viewing without assessment typically does not qualify.

  5. Which of the following best describes the educational prerequisite for applying for the PFS credential?

    Answer: Active CPA license in good standing

    The PFS credential is open only to CPAs who hold an active, unrevoked CPA license in good standing—no separate degree or registration is required.

  6. A PFS renewal applicant who fails to meet the CPE requirement by the deadline is most likely subject to which consequence?

    Answer: Credential suspension until requirements are met

    Failure to complete CPE requirements by the renewal deadline typically results in credential suspension; the holder must fulfill requirements to reinstate the credential.

  7. Which topic area is explicitly required within the PFS CPE hours to ensure ongoing competency?

    Answer: Personal financial planning

    All 60 CPE hours in the PFS renewal cycle must be in personal financial planning topics, ensuring holders maintain direct competency in the field.

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Sources & references

Exam facts on this page (fees, format, dates, passing scores) are checked against these official sources; the date is our last check. Editorial policy

  1. aicpa-cima.com — Fees, test dates, test delivery, eligibility, exam format, passing score, score release, time limit, score validity, exam information · verified Nov 2026
  2. assets.ctfassets.net — Exam format · verified Oct 2026