Finance Assessment of Competency Test (FACT)
Students planning to take the courses below are required to pass the FACT exam before they register for the following courses:
- FIN 3023 — Intermediate Corporate Finance
- FIN 3033 — Principles of Investments
- FIN 4713 — Mortgage Banking and Real Estate Finance
- FIN 4723 — Principles of Real Estate Investment
The FACT exam will test students’ knowledge and proficiency in topics covered in FIN 3013 and will specifically focus on
- Time value of money
- Bond and stock valuation (values and returns)
- Capital budgeting (NPV and IRR)
- Financial statements
- Risk and Return
- Weighted Average Cost of Capital
Exam dates and times are available through myUTSA. The exam will be
- Administered by the UTSA Testing Services for a $15 fee
- You must register through your myUTSA account at least 24 hours in advance of the exam
- You may take the exam up to three times in a single semester, but the fee will be assessed each time the exam is taken
- Is multiple-choice format
- Contains 30 questions with calculations and concepts
- Arrive 30 minutes prior to the test time and bring valid photo ID
The following resources are available
- Study material, including a FACT exam and key sample posted on Canvas and on the Department website
- Formula sheet for FACT Exam
- We also recommend holding on to the FIN 3013 textbook as a resource
Contact
Rebecca Stratton
Senior Administrative Associate - Finance
Finance
Contact Us
For questions or clarification, please check with the Department of Finance.
Main Office: BB 4.01.12
Phone: 210.458.6315
Fax: 210.458.6320
Email: rebecca.stratton@utsa.edu
Office Hours: Monday thru Friday | 8 a.m. to 5 p.m.
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