This course provides an overview of the financial planning process, including communication techniques, behavioral finance, financial planning approaches and applications, financial statement preparation and analysis, time value of money concepts and applications, education planning and funding, economics and the external environment, and ethics and standards of conduct. Additionally, the course offers a deeper understanding of the role and responsibilities of a financial planner, along with some analytical skills to aid in the financial decision-making process.
Learning Objectives
Upon completion of this course, the student will be able to:
Learning Objectives
Upon completion of this course, the student will be able to:
- Demonstrate an understanding of and apply the steps of the financial planning process
- Differentiate between various communication techniques used by advisors and understand how behavioral finance concepts can be used to improve client-advisor communications
- Utilize the various financial planning approaches to quantify goals and provide actionable recommendations
- Review personal financial statements, calculate financial ratios, and perform financial statement analysis
- Build a foundation in quantitative techniques needed to calculate the present value and future value amounts, and solve for other relevant financial variables
- Apply education planning and funding techniques to help clients achieve their goals
- Build a foundation in basic economic concepts and understand how external factors may impact the financial planning process
- Review and apply the ethics of personal financial planning within CFP Board, American College, and SEC frameworks