FIN-420 Introduction to Financial Planning

The course introduces the principles of financial planning and covers the CFP Board's Code of Ethics and Standards of Conduct, CFP Board's Procedural Rules, the function, purpose, and general structure of financial institutions, financial services regulations and requirements, consumer protection laws, and the fiduciary standard and application. The student will learn the financial planning process and construct statements of financial position and cash-flow statements as applied to clients consistent with sound personal accounting practices, and create a debt management plan for a client that minimizes cost and maximizes the potential to reach financial goals. Additional topics include economic concepts, time value of money concepts and calculations, education needs analysis, education savings vehicles, education funding, and gift/income tax strategies. This course also covers planner and client attitudes, values, and biases, behavioral finance, sources of money conflict, principles of counseling, general principles of effective communication, and crisis events with severe consequences. Throughout this course, the student will integrate biblical wisdom and the Virtuous Business Model into a review of personal financial planning.

Credits

3

Notes

3