KMDC CFP Scheme of Work (SOW)  

CFP Module  1 Foundation of Financial Planning

Day 1

AM: Topic 1.1-1.3: An Overview, Regulatory Controls & Practices Affecting Financial Planning,   The Nature & Scope of Financial Planning

PM: Topic 1.4–1.6: Analytical Tools for Financial Planners;  Information Technology; Effective Communication in Client Counselling

Day 2

AM: Topic 2: The Economic Environment & Its Effect on Financial Planning

PM: Topic 7-8: The Basis of Financial Plan & FPAM Code of Ethics

Day 3

AM & PM: Topic 3: Risk Management and Insurance Planning

Day 4

AM & PM: Topic 5: Tax Planning

Day 5

AM & PM: Topic 4: Investment Planning

Day 6

AM: Topic 6a: Retirement Planning

PM: Topic 6b: Estate Planning

CFP Module 2 Risk Management & Insurance Planning

Day 1

AM: Topic 1: Fundamental Concepts in Risk Management

PM: Topic 2: Insurance Fundamentals

Day 2

AM: Topic 3: Legal Principles in Insurance

PM: Topic 4: The Role of Insurance in Financial Planning

Day 3

AM: Topic 5: Factors Affecting Insurance Needs

PM: Topic 6: General Insurance Policy Analysis

Day 4

AM: Topic 7: Life Insurance Policy Analysis

PM: Topic 8: Comparing Life Insurance Products

Day 5

AM: Topic 9: Annuity Policy Analysis

PM: Topic 10: Health Insurance Policy Analysis

Day 6

AM: Topic 11: Legislation Affecting Insurance Business

         Topic 12: Evaluating Life Insurance Companies

PM: Topic 13: Consumer Protection and Life Industry Codes of Practice

         Additional Topics: Bancassurance, Takaful, Education Funding       

CFP Module 3 Taxation Planning

Day 1

AM & PM:  Basis of Taxation

Day 2

AM & PM: Tax on Employment & Investment Income

Day 3

AM: Tax for Individuals

PM:  Other Source of Income

Day 4

AM & PM: Tax on Business Income

Day 5

AM: Tax on Trust and Estate Administration

PM: Real Property Gain Tax

Day 6

AM: Tax Administrative Matters

PM: Revision on Past Mock Exams Questions

CFP Module 4 Investment Planning

Day 1

AM: Topic 2: Financial Mathematics & Statistics

PM: Topic 1: Basic Concepts of Investment

Day 2

AM: Topic 10: Basic Concepts of Portfolio Management

PM: Topic 8: Unit Trusts

Day 3

AM: Topic 9: Real Estate

PM: Topic 4: Investment in Shares

Day 4

AM & PM: Topic 6: Investment in Bonds or Fixed Income Securities

Day 5

AM: Topic 3: Financial Statement Analysis

PM: Topic 7: Derivatives

Day 6

AM & PM: Topic 5: Basics of Equity Valuation

CFP Module 5 Retirement & Estate Planning

Retirement Planning Section

Retirement: Day 1

AM: Topic 1: Introduction to Retirement Planning

PM: Topic 3: Retirement Schemes

Retirement: Day 2

AM & PM:  Topic 2: Investment for Retirement

Retirement: Day 3

AM: Topic 4: EPF & Topic 5: Retirement Income Streams

PM: Topic 6: Role of Financial Planner in Pre-Retirement Counselling

Estate Planning Section

Estate:
Day 1

AM: Topic 1a: Estate Planning Fundamentals

PM: Topic 1b: Wills & Will Planning

Estate:
Day 2

AM: Topic 2: Trusts

PM: Topic 3: Power of Attorney

Estate:
Day 3

AM: Topic 4: Duties & Power of the Personal Representative

AM: Topic 5: Rights of Beneficiaries

PM: Topic 6: Special Estate Planning Issues

CFP Module 6 Financial Plan Construction & Professional Responsibilities

Day 1

AM: The Regulatory Environment: An Overview

AM: Step 1 - Understanding the Client

PM: Hire Purchase; TVM & Mortgage;  FPAM Code of Ethics

Day 2

AM: Step 2 - The Process of Data Gathering

AM: Step 3 - Financial Analysis of Data to Determine Investment Strategy

PM:  Financial Statements Preparation, Analysis & Evaluation + Case Study

Day 3

AM:  Step 4 - Strategy to Meet Client’s Needs (Part I)

 PM: Step 4 - Strategy to Meet Client’s Needs (Part II); Step 5 - Plan Preparation

Day 4

AM: Step 6 - Plan Implementation Process and Financial Plan Review)

PM: Effective Rates; Uneven Cash Flow;  Dealing with Client Complaint

Day 5

AM & PM: Comprehensive Financial Plan Construction and Case Study

Day 6

AM & PM: Comprehensive Financial Plan Construction and Case Study

CFP Module 6 Exam Boot Camp (Paper A: 4-Day Workshop; Paper B: 3-Day workshop)

Paper A: Insurance

Risk Management & Insurance Planning & Mini Case Study

Paper A: Taxation

Taxation Planning & Mini Case Study

Paper A: Investment

Investment Planning & Mini Case Study

Paper A: Retirement & Estate

Retirement  & Estate Planning & Mini Case Study

Paper B: Day 1

Financial Plan Construction & Case Study

Paper B: Day 2

Financial Plan Construction & Case Study

Paper B: Day 3

Financial Plan Construction & Case Study