This class was created by Brainscape user A C. Visit their profile to learn more about the creator.
By:
A C
- decks
- flashcards
- learners
Decks in this class (61)
LO 1.1.1: Categorize the personal financial process according to the steps outlined in the CFP Board's Practice Standards
LO 1.1.1: Categorize the personal financial process according to the steps outlined in the CFP Board's Practice Standards
22
cards
LO 1.1.2: Determine whether a financial planner-client relationship constitutes financial planning as stated in the CFP Board Code of Ethics and Standards of Conduct
No deck description has yet been added by the author.
12
cards
LO 1.1.3: Evaluate a scenario based on six principles of the CFP Board’s Code of Ethics to determine if there are violations.
No deck description has yet been added by the author.
9
cards
LO 1.1.4: Apply the principles outlined in the CFP Board Code of Ethics and Standards of Conduct to the elements of financial palnning and professional engagements of CFP certificants
No deck description has yet been added by the author.
39
cards
LO 1.1.5: Differentiate between the three phases of a client’s financial life cycle
No deck description has yet been added by the author.
14
cards
LO 1.2.1: Verify the proper use of the CFP(r) marks.
No deck description has yet been added by the author.
4
cards
LO 1.2.2: Identify the responsibilities of a financial planner, the client, and professionals on a client’s advisor team
No deck description has yet been added by the author.
14
cards
LO 2.1.1: Predict how psychology in terms of cognitive errors will affect a client’s goals, perspective, understanding, decision making process and actions.
No deck description has yet been added by the author.
22
cards
LO 2.1.2: Determine the ways in which a client’s emotional biases affect the selection of a client’s goals and understanding.
No deck description has yet been added by the author.
13
cards
LO 2.1.3: Access a client’s risk tolerance, risk perception, risk capacity, attitudes, and beliefs to formulate recommendations
LO 2.1.3: Access a client’s risk tolerance, risk perception, risk capacity, attitudes, and beliefs to formulate recommendations that are consistent with their personal preferences and financial needs.
15
cards
LO 2.1.4: Identify the effect of a client’s learning style on the format and presentation of a financial plan.
No deck description has yet been added by the author.
5
cards
LO 2.2.1: Apply counseling theory principles and communication strategies to client engagements.
No deck description has yet been added by the author.
7
cards
LO 2.2.2: Distinguish various types of interpersonal communication - LO 2.2.3: Recognize active listening and response skills
LO 2.2.2: Distinguish various types of interpersonal communication including linguistic signs and non-verbal communications - LO 2.2.3: Recognize active listening and response skills during in-person communications with clients.
17
cards
LO 3.1.1: Construct a statement of financial position that is consistent with sound personal accounting standards
No deck description has yet been added by the author.
24
cards
LO 3.1.2: Construct a cash flow statement that is consistent with sound personal accounting standards.
No deck description has yet been added by the author.
11
cards
LO 3.1.3: Evaluate a client’s financial situation through use of applicable ratios - LO 3.1.4: Assess the strengths and weaknesses
LO 3.1.3: Evaluate a client’s financial situation through use of applicable ratios and relevant assumptions. - LO 3.1.4: Assess the strengths and weaknesses associated with a client’s financial situation.
12
cards
LO 3.2.1: Recommend financial planning solutions that maximize the client’s potential to achieve financial goals.
No deck description has yet been added by the author.
11
cards
LO 3.2.2: Recommend strategies for accumulating the appropriate level of emergency funds.
No deck description has yet been added by the author.
8
cards
LO 3.2.3: Recommend methods of incorporating planned savings into the cash flow plan.
No deck description has yet been added by the author.
5
cards
LO 3.3.1: Design an optimized debt management strategy based on the client’s situation and financial planning priorities.
No deck description has yet been added by the author.
20
cards
LO 3.3.2: Calculate the required payment, interest owed or saved, and payment term in a prioritized debt reduction plan for a client.
No deck description has yet been added by the author.
4
cards
LO 3.3.3: Predict how different debt management strategies will impact a client’s credit score.
No deck description has yet been added by the author.
9
cards
LO 3.3.4: Determine key considerations involved in the decision to purchase or lease an asset.
No deck description has yet been added by the author.
16
cards
LO 3.3.5: Analyze a situation to develop appropriate financing stategies.
No deck description has yet been added by the author.
41
cards
LO 4.1.1: Identify the basic keystrokes, functions, and terminology used solving time value of money problems.
No deck description has yet been added by the author.
11
cards
LO 4.1.2: Calculate the future value (FV) for a situation.
No deck description has yet been added by the author.
9
cards
LO 4.1.3: Calculate the present value (PV) for a situation.
No deck description has yet been added by the author.
4
cards
LO 4.1.4: Calculate the rate of return (I/YR) for a situation.
No deck description has yet been added by the author.
3
cards
LO 4.1.5: Calculate the number of compounding periods (N) for a situation.
No deck description has yet been added by the author.
3
cards
LO 4.1.6: Calculate a level of periodic payment (PMT) for a situation.
No deck description has yet been added by the author.
5
cards
LO 4.2.1: Calculate the periodic payment (PMT) and amortization amount for a given loan scenario.
No deck description has yet been added by the author.
3
cards
LO 4.2.2: Calculate an inflation-adjusted interest rate.
No deck description has yet been added by the author.
2
cards
LO 4.2.3: Calculate a serial (inflation-adjusted) payment.
No deck description has yet been added by the author.
3
cards
LO 4.2.4: Calculate either PV, FV, N, I/YR, or PMT involving both a single sum and annuity payment.
No deck description has yet been added by the author.
2
cards
LO 4.3.1: Calculate the internal rate of return (IRR) for a given scenario.
No deck description has yet been added by the author.
8
cards
LO 4.3.2: Calculate the present value and net present value (NPV) of uneven cash flows.
No deck description has yet been added by the author.
7
cards
LO 5.1.1: Discuss the regulation of financial planners.
No deck description has yet been added by the author.
30
cards
LO 5.1.2: Describe federal and securities legislation applicable to financial planners.
No deck description has yet been added by the author.
55
cards
LO 5.1.3: Discuss the purpose of FINRA and the registration process for this organization.
No deck description has yet been added by the author.
31
cards
LO 5.2.1: Explain the functions of banks and FDIC deposit insurance.
No deck description has yet been added by the author.
18
cards
LO 5.2.2: Describe the services and products of non-bank financial intermediaries.
No deck description has yet been added by the author.
22
cards
LO 6.1.1: Examine a financial planning engagement for relevant elements defined in the CFP Board Code of Ethics and Standards of Conduct.
No deck description has yet been added by the author.
3
cards
LO 6.1.2: Recognize unethical financial planning practices conveyed in the CFP Board Code of Ethics and Standards of Conduct.
No deck description has yet been added by the author.
1
cards
LO 6.1.3: Discuss the fiduciary duty and its importance to the client-planner relationship.
No deck description has yet been added by the author.
65
cards
LO 6.2.1: Access a CFP(R) candidate’s personal and professional situation to ensure compliance with the CFP Board’s Fitness Standards
No deck description has yet been added by the author.
19
cards
1. LO 6.2.2: Identify the disciplinary and appeals processes included in the CFP Board’s Procedural Rules
No deck description has yet been added by the author.
50
cards
LO 7.1.1: Interpret the interaction of supply and demand associated with a product or service.
No deck description has yet been added by the author.
26
cards
LO 7.1.2: Assess the impact of a given monetary or physical policy on interest rates, security prices, and overall economic conditions.
No deck description has yet been added by the author.
31
cards
LO 7.1.3: Determine the business cycle phase on the basis of an economic activity or statistical trend.
No deck description has yet been added by the author.
50
cards
LO 7.1.4: Differentiate the characteristics of inflation, deflation, disinflation, and stagnation.
No deck description has yet been added by the author.
16
cards
LO 7.2.1: Explain the types of bankruptcy and how the Bankruptcy Act of 2005 applies to each type.
No deck description has yet been added by the author.
42
cards
LO 7.2.2: Discuss the legislation that has been enacted to provide credit protection to consumers.
No deck description has yet been added by the author.
34
cards
LO 8.1.1: Calculate either a lump sum, level payment, or serial payment to achieve an education funding goal.
No deck description has yet been added by the author.
1
cards
LO 8.1.2: Evaluate the income and assets of parents and children to estimate the Expected Family Contribution (EFC) for financial aid.
No deck description has yet been added by the author.
16
cards
LO 8.1.3: Evaluate eligiblity criteria and the client’s financial situation to determine the likelihood of qualifying for financial aid.
No deck description has yet been added by the author.
4
cards
LO 8.2.1: Recommend an education funding strategy that utilizes loans, scholarships, grants, and work study efficiently.
No deck description has yet been added by the author.
52
cards
LO 8.2.2: Assess a client’s ability to meet the recommended education savings requirements.
No deck description has yet been added by the author.
6
cards
LO 8.2.3: Compare the features of edcuation savings vehicles.
No deck description has yet been added by the author.
62
cards
LO 8.2.4: Recommend education funding options based on tax implications, required savings, client preferences, and overall financial situation.
No deck description has yet been added by the author.
13
cards
LO 8.3.1: Determine which education tax credits may be utilized to reduce the net cost of education in a given client’s situation.
No deck description has yet been added by the author.
24
cards
LO 8.3.2: Describe employer assistance programs available for employees’ education expenses.
No deck description has yet been added by the author.
4
cards
More about
cfp® | fp511
- Class purpose General learning
Learn faster with Brainscape on your web, iPhone, or Android device. Study A C's CFP® | FP511 flashcards now!
How studying works.
Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.
Add your own flashcards.
Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!
What's Brainscape anyway?
Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.
We use an adaptive study algorithm that is proven to help you learn faster and remember longer....
Looking for something else?
FP511 General Financial Principles, C...
- 7 decks
- 276 flashcards
- 2 learners
Decks:
Fp511 Module 1, Fp511 Module 2, Fp511 Module 3, And more!
CFP CURRENT - Danko Flashcards
- 7 decks
- 278 flashcards
- 2563 learners
Decks:
Behavioral Finance, General Principles, Insurance, And more!
My CFP Flashcards
- 21 decks
- 1052 flashcards
- 44 learners
Decks:
Professional Conduct, General Principles, Big Retirement Concepts Every Day, And more!
