Finance Assessment of Competency Test (FACT)

All students taking FIN 3023, Intermediate Corporate Finance, must take and pass the FACT (Finance Assessment of Competency Test) to remain registered in the class.

  • Testing Services posts FACT registration dates on ASAP for in office or Virtual appointments.
  • You may take the exam up to three times per semester.
  • You will be charged $15 fee each time you take the exam.
    • The $15 fee is charged automatically to your UTSA account, which you may pay online through your ASAP student account or in person at Fiscal Services.
  • Study materials are available through the Finance Department: (210) 458-6315.

On your scheduled test day:

  1. You must arrive 30 minutes before the scheduled test time.
  2. Bring a valid, non-expired, photo ID in order to test.
  3. Bring a financial calculator to use during the exam. Permitted models include:
    • HP 10B, HP 10bii, HP 10BII+
    • TI BAII, TI BAII Plus, TI BAII Plus Professional
    • Any four-function calculator

Virtual Zoom FACT exam Dates Now Available 

  • Register initially through ASAP.
  • Testing staff will email examinees with Zoom meeting details prior to test time.
  • Testing staff will email examinees with test voucher.
  • The test voucher will come from the CollegeBoard.
  • Be prepared to test at least 20 minutes prior to testing with valid photo id and only one financial calculator, no other electronics in testing room.
  • Testing room must have no other people but the examinee, no other electronics but the approved calculator.
  • Testing staff will request 360 camera view of entire room and reserve the right to request view of room throughout the testing process.
  • Hands of examinee and writing surface must be in view of camera while testing.
  • Phones and iPads may not be used to launch and take the FACT Virtual Zoom.
  • For questions, please email:  testinfo@utsa.edu