The following Modules need to be studied in order to fulfill the requirements of the CFPCM Certification Programme :
Module 1 Introduction to Financial Planning
Six Step Process of Financial Planning
Financial Statement Analysis
Cash Flow & Budgeting
Time Value of Money
Legal Aspects of Financial Planning
Code of Ethics & Professional Conduct Rules
Module 2 Risk Analysis & Insurance Planning
Risk Analysis Process
Insurance Concepts, Policies & Strategies
Regulatory Framework of Insurance
Insurance Pricing
Module 3 Retirement Planning & Employee Benefit
Issues in Retirement Planning
Wealth Creation, Accumulation & Erosion
Types of Retirement Plans
Retirement Needs Analysis & Income Streams
Group Life & Health Insurance
Module 4 Investment Planning
Risk Return Matrix
Investment Vehicles
Fixed Income Instruments
Equity & Debt Markets
Mutual Funds
Asset Allocations
Module 5 Tax & Estate Planning
Tax Provisions Applicable to Individuals
Tax Planning Strategies
Capital Gains & Wealth Tax
Assessment & Computation of Taxable Income for Individuals
Features & Taxation Of Trusts
Wills, Powers Of Attorney & Property Documentation
Module 6 Advanced Financial Planning
Comprehensive Financial Plans for Wealth Creation
Implementation & Monitoring of Financial Plans
Students are required to study all 6 Modules, but will have to sit for only 5 examinations. While no independent examination is held for the ‘Introduction to Financial Planning’ Module, 20% weightage is given to it in the examinations of the 4 subsequent Modules.
