CFP exam educational requirements

The following list contains the required 72 topics for all CFP Board Registered Programs. If topics are covered in multiple courses, programs are encouraged to list each course.

EFFECTIVE 2015 (subject to revision in 2016)

UNIVERSITY OF MEMPHIS
FOGELMAN COLLEGE OF BUSINESS
DEPT. OF FINANCE INSURANCE AND REAL ESTATE

CFP BOARD'S FINANCIAL PLANNING TOPIC LIST (72-TOPICS)

AT A MINIMUM, THE CURRICULUM SHALL CONTAIN COURSES THAT ENABLE THE STUDENT TO ACQUIRE AN UNDERSTANDING OF THE TOPICS FOUND IN CFP BOARD'S FINANCIAL PLANNING TOPIC LIST.

"The purpose of the topic list is to guide educational institutions to develop degree and certificate programs in financial planning that deal with the skills and knowledge deemed important to the tasks involved in comprehensive financial planning. The required topic coverage and the recommended optional courses described herein were formulated based on CFP Board's job analysis study of the practice of financial planning. The periodic updates of the job analysis study practice will result in modifications to the curriculum guidelines from time to time, approximately every five years. Topic coverage adequacy will be determined by CFP Board's review of detailed course syllabi, textbooks, student evaluation methods, faculty credentials, and other relevant materials. Throughout the registration period, course materials should be kept up-­to-date and reflect current law and practice (Criteria for Registration of a Financial Planning Curriculum with CFP Board, January, 2012)."

A.      Professional Conduct and Regulation
Take any one course from EACH ROW

Course Number 

A.1    CFP Board's Code of Ethics and Professional Responsibility and Rules of Conduct

FIR 4620; FIR 4730

A.2    CFP Board's Financial Planning Practice Standards

FIR 4620; FIR 4730

A.3    CFP Board's Disciplinary Rules and Procedures

FIR 4620; FIR 4730

A.4    Function, purpose, and regulation of financial institutions

FIR 3410; FIR 3720

A.5    Financial services regulations and requirements

FIR 3410; FIR 3720

A.6    Consumer protection laws

FIR 4620; FIR 3710

A.7    Fiduciary

FIR 4620; FIR 3710

 

B.         General Principles and Regulation
Take any one course from EACH ROW

Course Number

B.1       Financial planning process

FIR 4730

B.2       Financial statements

FIR 3410; ACCT 2010

B.3       Cash flow management

FIR 3410; ACCT 2010

B.4       Financing strategies

FIR 3410; ACCT 2010

B.5       Economic concepts

FIR 3410

B.6       Time value of money concepts and calculations

FIR 3410; FIR 3710

B.7       Client and planner attitudes, values, biases and behavioral finance

FIR 3410; FIR 3710

B.8       Principles of communication and counseling

FIR 4620; MGMT 3510

B.9       Debt management

FIR 3310; FIR 3410

 

C.        Education Planning
Take any one course from EACH ROW

Course Number                      

C.1      Education needs analysis

FIR 4870

C.2      Education savings vehicles

FIR 4870

C.3      Financial aid

FIR 4870

C.4      Gift/income tax strategies                                                         

FIR 4011; ACCT 3130

C.5      Education financing

FIR 4870

 

D.        Risk Management and Insurance Planning
Take any one course from EACH ROW

Course Number

D.1      Principles of risk and insurance

FIR 4870

D.2      Analysis and evaluation of risk exposures

FIR 4870

D.3      Health insurance and health care cost management (individual)                       

FIR 4870

D.4      Disability income insurance (individual)

FIR 4870

D.5      Long‐term care insurance (individual)

FIR 4870

D.6      Annuities

FIR 4870

D.7      Life insurance (individual)

FIR 4870

D.8      Business uses of insurance

FIR 4870

D.9      Insurance needs analysis

FIR 4870

D.10    Insurance policy and company selection

FIR 4870

D.11    Property and casualty insurance

FIR 4870

 

E.        Investment Planning                  
Take any one course from EACH ROW

Course Number                              

E.1      Characteristics, uses and taxation of investment vehicles

FIR 3710; FIR 3720

E.2       Types of investment risk

FIR 3710; FIR 3720

E.3       Quantitative investment concepts

FIR 3710; FIR 3720

E.4       Measures of investment returns

FIR 3710; FIR 3720

E.5       Asset allocation and portfolio diversification

FIR 3710; FIR 3720

E.6       Bond and stock valuation concepts

FIR 3710; FIR 3720

E.7       Portfolio development and analysis

FIR 3710; FIR 3720

E.8       Investment strategies

FIR 3710; FIR 3720

E.9       Alternative investments

FIR 3710; FIR 3720

 

F.         Tax Planning
Take any one course from EACH ROW

Course Number

F.1       Fundamental tax law

ACCT 3510; FIR 3410

F.2       Income tax fundamentals and calculations

ACCT 3510

F.3       Characteristics and income taxation of business entities

ACCT 3510; FIR 3410

F.4       Income taxation of trusts and estates

FIR 4011

F.5       Alternative minimum tax (AMT)

ACCT 3510

F.6       Tax reduction/management techniques

ACCT 3510

F.7       Tax consequences of property transactions

ACCT 3510

F.8       Passive activity and at-risk rules

ACCT 3510

F.9       Tax implications of special circumstances

ACCT 3510

F.10       Charitable/philanthropic contributions and deductions

ACCT 3510; FIR 4011

 

G.        Retirement Savings and Income Planning
Take any one course from EACH ROW

Course Number

G.1      Retirement needs analysis

FIR 3410; FIR 4011

G.2      Social Security and Medicare

FIR 4011; FIR 4870

G.3      Medicaid

FIR 4011; FIR 4870

G.4      Types of retirement plans

FIR 4011; ACCT 3510

G.5      Qualified plan rules and options

FIR 4011; ACCT 3510

G.6      Other tax-advantaged retirement plans

FIR 4011; ACCT 3510

G.7      Regulatory considerations

FIR 4011

G.8      Key factors affecting plan selection for businesses

FIR 4011; ACCT 3510

G.9      Distribution rules and taxation

FIR 4011; ACCT 3510

G.10    Retirement income and distribution strategies

FIR 4011

G.11    Business succession planning

FIR 4011

 

H.      Estate Planning
Take any one course from EACH ROW

Course Number

H.1    Characteristics and consequences of property titling

FIR 3310; FIR 4011

H.2    Strategies to transfer property

FIR 3310; FIR 4011

H.3    Estate planning documents

FIR 3310; FIR 4011

H.4    Gift and estate tax compliance and tax calculation

FIR 4011; ACCT 3510

H.5    Sources for estate liquidity

FIR 4011

H.6    Types, features, and taxation of trusts

FIR 4011; ACCT 3130

H.7    Marital deduction

FIR 4011; ACCT 3130

H.8    Intra-family and other business transfer techniques

FIR 4011

H.8    Postmortem estate planning techniques

FIR 4011; ACCT 3130

H.10  Estate planning for non-traditional relationships

FIR 4011; ACCT 3130