Certified Financial Planning: Professional Certificate

Major Code: (92214)

Learning Outcomes for Certificate in Certified Financial Planning

Students will:

• Be able to describe the Practice Standards employed during each step of the financial planning process.
• Be able to describe the personal financial planning process as defined by the Practice Standards for the Financial Planning Process (Section C- Code of Ethics and Standards of Conduct).
• Be able to Apply the following economic concepts and measures in making financial planning recommendations:
  1. Supply and demand
  2. National Income Accounts (including GDP)
  3. Business cycles (unemployment, recession, fiscal and monetary policy)
  4. Interest rates (including its term structure and the yield curve) and inflation
  5. Exchange rates
• Be able to explain the role of personal and business liability insurance in comprehensive financial planning and how personal umbrella liability policy (PUP) and business liability insurance interacts with other property and liability insurance products.
• Be able to explain the use of return distributions in portfolio structuring.
• Be able to compare and contrast the fundamental components of the income tax system, including filing forms, filing status, income, exemptions, exclusions, deductions, adjustments, credits, and tax rates.
• Be able to identify and evaluate the assumptions used in analyzing retirement needs, including age at retirement, cash inflows and outflows in various stages of retirement, goal priority and importance, longevity, rate of investment return, market volatility, and effects of inflation.
• Be able to compare and contrast the most common types of titling property (sole ownership, joint tenancy with rights of survivorship, tenants in common, tenants by the entirety and community property).