Friday, 18 May 2012

Online CFP Preparation Course Information

Students may take online CFP (certified financial planner) preparation courses that count towards a certificate or an MBA. These courses are designed to prepare students to take the CFP certification exam.

Overview of Online CFP Preparation Courses

Many online options are available to students who want to take certified financial planner (CFP) courses to prepare for certification. Some schools offer online financial planning courses as part of an MBA program, while others offer certificate programs specifically on CFP topics. Graduates of a CFP program, who successfully complete their CFP certification exam, may work for large financial firms or start their own businesses as financial planners.

Course Requirements

Students enrolled in an online CFP preparation program must have access to a computer, the Internet and an e-mail account. Most programs require students to have Microsoft Word or another, instructor-approved word processing program. Some courses require students to purchase textbooks to supplement the online CFP materials on each course's website.

Online CFP Preparation Courses

Introductory Financial Planning Course

This course introduces students to financial planning as a career field. Common topics include the planning process, ethics, budgeting, regulation, licensing and the time value of money.

Introductory Insurance Planning Course

This course explores the idea of risk management and how to insure against risk. Instructors may schedule online chats for students to discuss the different types of risk involved with financial planning. Students may attend online lectures that teach them about the different types of insurance with which financial planners work, including liability, casualty, property, life and health.

Income Tax Planning Course

In this course, students learn how the income tax system works and how it relates to the individual. Instructors often provide online lectures that cover such topics as deductions, gross income, calculations and refunds. Students may participate in online labs that allow them to practice the individual income tax concepts they learn.

Estate Planning Course

Students will be introduced on the basic strategies of estate planning in this course. Instructors may schedule online discussion meetings for students to learn about trusts, marital deductions, valuing assets, wills, power of attorney or gratuitous transfers. Some instructors also include a section on the client interview process in their curriculum for an estate planning course.

Financial Planning Review and Exam Preparation Course

Some schools offer a final review, or capstone, course at the end of a CFP program to help students prepare for their CFP certification exam. In a course like this, students will often take practice exams online that are similar to the certification exam. Many instructors will provide students with online case studies where they can review and practice the concepts they learned in their previous CFP courses.

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