VEE Approved Courses

SOA VEE Approved Courses/Experiences

Standardized Examinations and Other Educational Experiences List

Revised October 18, 2012

The following exams/experiences are approved for VEE credit and are organized alphabetically within VEE topic.

VEE–ECONOMICS

ACTEX Economics Online Courses

VEE Microeconomics Approval Code: 1–9906–4245–2–2013

VEE Macroeconomics Approval Code: 1–9906–4272–2–2013

Sponsored by ACTEX

Grade of B- or better is needed to receive credit. Approved for 2010-2013.

Advanced Placement (AP) Examinations

Microeconomics Approval Code: 1–9901–0772–2–0000

Macroeconomics Approval Code: 1–9901–0773–2–0000

Sponsored by College Board

Exam score of 4 or better required to receive credit. Original College Board transcript required to verify

score.

Association of Certified International Investment Analysts (ACIIA)Macroeconomics Approval Code: 1–9912–2614–2–0000

Certified International Investment Analysts designation (CIIA).

Candidates holding the CIIA designation may use it for VEE–Economics credit (macroeconomics portion

only – For a candidate to receive full VEE–Economics credit, the CIIA designation must be paired with

another VEE–approved course covering the microeconomics topics). See also Corporate Finance credit.

Certified General Accountants Association of Canada (CGA)

VEE Economics Approval Code: 1-9921-5020-1-2015

Passing score of 70% or higher is needed on EM1 Economics 1 Exam. Approved for 1999-2015.

Certified Managerial Accountant (CMA) Exam

Full VEE Economics Approval Code: 1-9916-3407-1-2010

Sponsored by Institute of Management Accountants, Inc.

Passing score required on Part 1 of four-part exam format. Approved for 1996-2010. (Note that economics

was removed from CMA two-part exam format effective 5/1/2010.)

Chartered Financial Analyst (CFA) ExamsFull VEE Economics Approval Code: 1–9902–2876–1–0000

Sponsored by CFA Institute

Passing score on the Level I CFA Exam required to receive credit. See also Corporate Finance and

Applied Statistics. To receive credit for a subject, a candidate is required to request that the CFA Institute

sends a letter confirming exam status. An electronic version of this letter is acceptable if emailed directly

from the CFA Institute to [email protected].

Chartered Institute of Management Accountants (CIMA)Full VEE Economics Approval Code: 1-9910-2409-1-2013

Economics Course – CimaGlobal.com

Score of 70% or better required to receive credit. Approved for 1995–2013.

Chartered Insurance Institute (CII)


530 Business and Economics

Score of Distinction, 70% or better required to receive credit. Approved for 2005-2011.

China Association of Actuaries (CAA) Exams

CAA Exams


Economics CAA Exam 9 approved for 2000-2010.


Economics CAA Exam A4 approved for 2011-2014.

Score of 6 or better required to receive credit.

College Level Examination Program (CLEP) Tests



Sponsored by College Board

Minimum score of 53 (computer) or 47 (paper) required to receive credit. Original College Board transcript

is required. Score report does not meet documentation requirement.

General Certification of Education (GCE) in Economics

Full VEE Economics Approval Code: 1–9904–0777–2-0000

Sponsors:

1. Oxford Cambridge and RSA Examinations 2. Assessment and Qualifications Alliance (AQA) 3. Edexcel 4. University of Cambridge International Examinations (CIE) 5. Singapore Examinations and Assessment Board (H2 – 9732)

Attain Advanced Level by passing both the Advanced Subsidiary (AS) and the Advanced (A2) exams with

a grade of a B or better.

Hong Kong Advanced Level Examination in Economics (HKALE)

Full VEE Economics Approval Code: 1–9915–2875–1–0000

Sponsored by Hong Kong Examinations and Assessment Authority

Grade of B- or better is required to receive credit.

Hong Kong Certificate of Education Examination (HKCEE)


Sponsored by Hong Kong Examinations and Assessment Authority

Grade of B or better in the subject of Economics is required to receive credit.

Institute of Actuaries of Japan (IAJ)


Associate of the Institute of Actuaries of Japan designation.

Candidates may use the Associate designation with the IAJ for VEE-Economics credit. See also Applied

Statistics credit.

Institute of Chartered Accountants of Pakistan (ICAP)


Introduction to Economics and Finance. ICAP.org.pk

Original ICAP transcript required to verify passing grade earned for Introduction to Economics and Finance

Exam. Approved for 2003-2013.

International Baccalaureate (IB) Higher Level (HL) Exams

Microeconomics Approval Code: 1–9908–1285–2-0000



Minimum score of 5 required to receive credit.

Kenya Accountants and Secretaries National Examination Board (KASNEB)


Economics

Original KASNEB transcript required to verify passing grade earned for Economics Paper 3. Approved for

2000-2014.

NEAS online courses



Sponsored by New England Actuarial Seminars (NEAS)

Grade of B- or better is required to receive credit. Approved for 2005–2014.

Security Analysts Association of Japan (SAAJ)


Chartered member of SAAJ (CMA designation).

Candidates holding the CMA designation may use it for VEE–Economics credit (macroeconomics

portion only – For a candidate to receive full VEE–Economics credit, the CMA designation must be paired

with another VEE–approved course covering the microeconomics topics). See also Corporate Finance

credit.

VEE–CORPORATE FINANCE

ACTEX Corporate Finance Online Course

VEE Corporate Finance Approval Code: 2–9906–3279–1–2014

Sponsored by ACTEX

Grade of B– or better is needed to receive credit. Approved for 2008–2014.

American Institute for Chartered Property/Casualty Underwriters (CPCU)–Corporate Finance


The AICPCU Business and Financial Analysis for Risk Management and Insurance Professionals or

Finance or Accounting for Insurance Professionals exam (CPCU 540) is approved for 2003–2014.

Candidates must provide a transcript that shows a grade of 'P' for CPCU 540. Candidates who

receive a waiver earned by an MBA designation must provide a transcript that shows 'W' for CPCU

540 along with an official university transcript showing grades of B- or better in MBA finance

courses.

Association of Certified International Investment Analysts (ACIIA)


Certified International Investment Analysts designation (CIIA).

Candidates holding the CIIA designation may use it for VEE–Corporate Finance credit – See also

Economics (macro) credit

CSI Global Education Inc. - Canadian Securities Course

VEE Corporate Finance Approval Code: 2-9913-2613-2-2015

Passing score of 70% or higher is needed on each of the two required exams. Approved for 2003-2015.

Single exam offered 1998-2003 is not approved for VEE corporate finance.



Passing score of 70% or higher is needed on FN1 corporate Finance Fundamentals Exam. Approved for

2008-2010.

Certified Managerial Accountant (CMA) Exam


Sponsored by Institute of Management Accountants, Inc.

Passing score required on Part 2 of two-part exam format. Approved for 2010-2013.

Chartered Financial Analyst (CFA) Exams



Passing score on both Level I and Level II CFA Exams required to receive credit. See also

Economics and Applied Statistics. To receive credit for a subject, a candidate is required to

request that the CFA Institute sends a letter confirming exam status. An electronic version of this

letter is acceptable if emailed directly from the CFA Institute to [email protected].

China Association of Actuaries (CAA) Exams

CAA Exams


Economics CAA Exam 9 approved for 2000-2010 along with Corporate Finance of Insurance Company CAA

Exam 11 approved for 2003-2010.


Financial Management for Insurance Company Exam F2 approved for 2011-2014.

Score of 6 or better required on each exam to receive credit.

Ghana Stock Exchange


Original Ghana Stock Exchange transcript required to verify passing grade earned in Fundamentals of

Finance and Financial Markets (Level 201) along with Corporate Finance (Level 304). Approved for 2005-

2015.

Global Association of Risk Professions (GARP) FRM Exam


Sponsored by GARP http://www.garp.com

Passing score is required to receive credit. Approved for 1997–2009.



Original KASNEB transcript required to verify passing grade earned for Business Finance Paper 9a along

with Financial Management Paper 18. Approved for 2000-2009.



Original KASNEB transcript required to verify passing grade earned for Financial Management Paper 8

along with Advanced Financial ManagementPaper 15. Approved for 2009-2014.

NEAS Corporate Finance online course



Grade of B– or better is required to receive credit. Approved for 2005–2014.

Security Analysts Association of Japan (SAAJ)


Chartered member of SAAJ (CMA designation).

Candidates holding the CMA designation may use it for VEE–Corporate Finance credit. See also

Economics (macro) credit.

VEE–APPLIED STATISTICAL METHODS

ACTEX Applied Statistics Online Course (covers both regression and time series)

Full VEE Applied Statistics Approval Code: 3–9906–1245–1–2014

Sponsored by ACTEX

Grade of B– or better is needed to receive credit. Approved for 2005–2014.

ACTEX Time Series Online Course

Time Series Approval Code: 3–9906–2877–2–2013

Sponsored by ACTEX

Grade of B– or better is needed to receive credit (time series topics only). For full VEE–Applied Statistics

credit, it would need to be combined with another approved course covering regression topics. Approved

for 2007–2013.


VEE Applied Statistics Approval Code: 3-9921-5018-1-2015

Passing score of 70% or higher is needed on QU1 Quantitative Methods I Exam. Approved for 2001-2015.

Chartered Financial Analyst (CFA) Exams



Passing score on the Level II CFA Exam required to receive credit. See also Economics and

Corporate Finance. To receive credit for a subject, a candidate is required to request that the CFA

Institute sends a letter confirming exam status. An electronic version of this letter is acceptable if

emailed directly from the CFA Institute to [email protected].

Global Association of Risk Professions (GARP) FRM Exam

Regression Approval Code: 3–9918–3815–1–2009


Passing score is required to receive credit (regression topics only). For full VEE–Applied Statistics credit, it

would need to be combined with another approved course covering time series topics. Approved for 1997–

2009.

Global Association of Risk Professions (GARP) FRM Level I Exam



Passing score is required to receive credit (regression topics only). For full VEE-Applied Statistics

credit, it would need to be combined with another approved course covering time series topics.

Approved for 2009-2014.

Hong Kong Statistical Society (HKSS) Higher Certificate

Regression Approval Code: 3-9925-4799-2-2014

Sponsored by HKSS HKSS.org.hk

Passing scores on exams 1, 2, 3, 4, 5, and 6 are required to receive credit (regression topics only). For full

VEE-Applied Statistics credit, it would need to be combined with another approved course covering time

series topics. Approved for 2008-2014.

Institute of Actuaries of Japan (IAJ)


Associate of the Institute of Actuaries of Japan designation.

Candidates holding the Associate designation with the IAJ may use it for VEE–Applied Statistics credit.

See also Economics credit.


VEE Applied Statistics Approval Code: 3-9924-4925-2-2009

Original KASNEB transcript required to verify passing grade earned for Quantitative Techniques Paper 11

(reg) along with Management Accounting Paper 14 (ts). Approved for 2000-2009.

NEAS Regression Analysis and Time Series online courses


Time Series Approval Code: 3–9905–0779–2–2014


Grade of B– or better is required to receive credit. Approved for 2005–2014.

Documents

VEE Approved Courses