FPCC 435 Financial Planning Fundamentals
This course provides a comprehensive overview of financial planning from a professional perspective. Topics covered include financial analysis, budgeting, credit management, time value of money, investment strategies, income taxes, risk management, retirement, and estate planning. As a result of your participation in this course, you will be able to:
- Describe the financial planning process, use goals to establish financial direction, assess the external environment, and analyze a client’s present financial position.
- Apply time value of money concepts to various financial planning problems and assess investment strategies using different types of securities.
- Estimate the impacts of income tax planning strategies, apply the basic process for retirement planning, and define the considerations for estate planning.
- Evaluate the roles of various insurance products in managing risks and appreciate the professional and ethical aspects of financial planning.
FPCC 436 Insurance, Risk & Estate Planning
This course covers the core Risk Management and Insurance Planning topics outlined by the CFP Board as well as a portion of the Estate Planning topics. Topics include risk management, how insurance works, legal aspects of insurance, life and disability insurance, annuities, health and long term care insurance, property and liability insurance, and the estate planning process and legal documents. As a result of your participation in this course, you will be able to:
- Describe the basic concepts of risk as they relate to insurance planning, the regulatory and market environment of the insurance industry, and the legal principles related to insurance.
- Recognize the critical planning elements related to life, disability, health, and long-term care insurance and annuity products.
- Identify appropriate insurance coverages for property, automobile, liability, and business insurance products.
- Describe the estate planning process, the essential documents, the probate process, and other property ownership and transfer considerations.
FPCC 437 Tax Planning for Professionals
This course walks students through how to apply the principles of income tax planning to enhance household income after taxes. Emphasis is placed on understanding tax laws, concepts, and rules, as well as opportunities for planning. The remaining Estate Planning topics are covered in this course. As a result of your participation in this course, you will be able to:
- Describe and apply the federal income tax system to the calculation of gross income and tax liabilities for households and small businesses.
- Describe the tax implications of property transactions, including depreciation, sales and other dispositions.
- Explain the alternative minimum tax and its effects on tax liability, and describe the characteristics and taxation of various legal business entities, such as partnerships, LLCs, and C and S corporations.
- Apply the concepts of gift and estate taxation to the development of plans for estate planning planned giving to achieve the benefactor’s goals.
FPCC 441 Financial Plan Development & Capstone
This course provides an overview of all areas in the financial planning process, data gathering, approaches to financial planning, analysis of financial statements, and client presentation. As a result of your participation in this course, you will be able to:
- Demonstrate a comprehensive understanding of the content found within the Financial Planning curriculum and effectively apply and integrate this information in the formulation of a financial plan.
- Effectively communicate the financial plan, both orally and in writing, including information based on research, peer, colleague or simulated client interaction and/or results emanating from synthesis of material.
- Collect all necessary and relevant qualitative and quantitative information required to develop a financial plan.
- Analyze personal financial situations, evaluating clients’ objectives, needs, and values to develop an appropriate strategy within the financial plan.
- Demonstrate logic and reasoning to identify the strengths and weaknesses of various approaches to a specific problem.
- Evaluate the impact of economic, political, and regulatory issues with regard to the financial plan.
- Apply the CFP Board Financial Planning Practice Standards to the financial planning process.
You will need to complete 435, 436, 437, 438 & 439 before enrolling in Capstone. We do allow students to take one course concurrently with FPCC 441.