ALFP Toolbox
Dear CLFP Candidates,
We celebrate you nearing the final steps on your CLFP Journey! Here you will find links to everything you will need to prepare and practice for the Academy for Lease & Finance Professionals and for the online-proctored Exam.
For any additional questions related to the ALFP, please email Mel: mel@clfpfoundation.org
For any additional questions related to the Exam, please email exam@clfpfoundation.org
Resources, Guides, & Final Exam Preparation Materials
Study Key Terms A to Z
Review the Body of Knowledge
Download the Body of Knowledge prior to the Exam, as the questions will be based on concepts and knowledge basic to effective equipment leasing.
Helpful Pricing Reminders:
- If you are within pennies, you are correct! Rounding happens.
- Practice and repetition will help!
Sample Pricing Problems
Do you want some more practice with pricing? Check out some of these Sample Pricing Problems!
TValue Information
If you plan to using TValue for pricing, please prepare to have a basic understanding of the program in order to participate in practice problems during the ALFP.
Find some valuable information via the Tvalue Guide & Helpful Hints guide plus links to some training!
HP 17bII Calculator Formula & Guide
For anyone using the HP 17bII (or II+) calculator for pricing, you MUST have the equation plugged in prior to the ALFP and the Exam! If you’re running into any errors, check to see that you’re using the letter ‘I” instead of a number “1”
Review the Calculator Instructions & Helpful Hints guide to begin.
Tax & Accounting Practice
Access the Tax & Accounting Review worksheet here.
Credit Review Process Example
Access the example here.
Want to see what might be on the test?
The following links take you to problems that will definitely be on the test, but with different numbers, so get comfortable with them!
Accounting Practice Problem
Pricing Practice Problem - Advanced
Credit Practice Problem
Exam Preparation Details & Guidance
Online Proctored Exam Instructions
This is a MUST READ regarding using the online proctoring solution (Proctorio). If necessary, please share with your IT department to mitigate any potential issues.
What to Expect on Exam Day
Pay close attention to the do’s and don’ts. Key elements can be reviewed prior to the test here.
For more information on what a desk scan looks like, please view this sample of best practices.
CLFP Exam Outline & Confirm Device Compatibility
Click here to view the CLFP Exam Outline.
Be sure to test the device you are planning to use for the Exam ahead of time to ensure compatibility. Proctorio must be downloaded as an extension (this is the secure digital proctoring system), and camera and microphone capabilities must be enabled, while VPN/firewalls should be disabled for the duration of the Exam.
To test your device, download and install the Proctorio Extension, and visit the testing portal page.
Go to the CLFP Testing Portal Page.
Username: it.test
Password: Sampletest1!
From here, walk through the prompts. You should be able to engage with the testing quiz if all permissions are enabled correctly. If this is the case, your device is working and you may exit. For further assistance, please engage your IT team and contact Proctorio for further support.
Online Proctored Exam FAQs
Check here for Frequently Asked Questions about the Exam and gain a better understanding of the Exam environment.