KMDC IFP programme: Course Outline
Module
1: Foundation in Financial Planning
CFP course provides
a comprehensive examination of the
entire financial planning process,
along with an overview of the specific
areas of personal income tax planning,
risk management and insurance, investment
planning, retirement planning, and
estate planning.
Topic 1
: An Overview
of Financial Planning
Topic 2 :
The Economic Environment and Its Effect
On Financial Planning
Topic 3 :
Risk Management and Insurance Planning
Topic 4 :
Investment Planning
Topic 5 :
Income Tax Planning
Topic 6 :
Retirement Planning / Estate Planning
Topic 7 :
The Basis of Financial Plan
Topic 8 :
FPAM Code of Ethics
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Module 2: Risk Management
& Insurance Planning This
CFP module covers various aspects of fundamental
concepts in risk management And insurance,
including how insurance rates are
developed, what types of contracts
are available, how to read insurance
proposals, and how life insurance
is used in financial planning. Other
topics include health insurance plan
and legal aspects of insurance.
Topic 1
: Fundamental
Concepts in Risk Management
Topic 2 :
Insurance Fundamentals
Topic 3 :
Legal Principles in Insurance
Topic 4 :
The Role of Insurance in Financial
Planning
Topic 5 :
Factors Affecting Insurance Products
Topic 6 : General Insurance Policy Analysis
Topic 7 : Life Insurance Policy Analysis
Topic 8 : Comparing Life Insurance Products
Topic 9 :
Annuity Policy Issues
Topic 10 :
Health Insurance Policy Analysis
Topic 11 :
Legislation Affection Insurance Business
Topic 12 :
Evaluating Life Insurance Business
Topic
13 : Consumer Protection
and Life Insurance Industry Codes
of Practice
Topic
14 : Additional Topics
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Module 3: Tax Planning
Participants in
this course study Malaysian taxation
for tax aspects of investments, EPF
and unit trusts. The course also introduces
other special tax considerations.
Topic 1
: Introduction
to Taxation
Topic 2 :
Income
Topic 3 :
Deductions
Topic 4 :
Tax Planning & Tax Offsets
Topic 5 :
Administration of the Taxation System
and Tax Audit
Topic 6 :
Taxation and Employee Provident Fund
Topic 7 :
Taxation Aspects of Business Succession
Planning
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Module 4: Investments This course
explores the securities market, sources
of information, risk/return, equities,
stocks, bonds, derivatives, unit trusts,
real estate and culminates in portfolio
construction and analysis.
Topic 1
: Basic Concepts
of Investment
Topic 2 : Financial
Mathematics and Statistics
Topic 3 :
Financial Statement Analysis
Topic 4 :
Investment in Shares
Topic 5 :
Basics of Equity Valuation
Topic 6 :
Investment in Bonds or Fixed Income Securities
Topic 7 :
Derivatives
Topic 8 :
Unit Trusts
Topic 9 :
Real Estate
Topic 10 :
Basic Concepts of Portfolio Management
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Module 5: Estate
Planning and Retirement Planning
This course is taught
in two sections; the estate planning
and retirement planning.
Part I : ESTATE
PLANNING Topic
1 : Estate Planning
Fundamentals
Topic 1A : Wills and Will Planning
Topic 2 :
Trusts
Topic 3 :
Powers of Attorney
Topic 4 :
Duties and Powers of the Personal
Representative
Topic 5 :
Rights of Beneficiaries
Topic 6 :
Special Estate Planning Issues for
Business Owners
Part II : RETIREMENT
PLANNING
Topic 1
: Introduction
Topic 2 :
Investment for Retirement
Topic 3 :
Retirement Schemes
Topic 4 : The
Employee Provident Fund (EPF)
Topic 5 : Retirement
Income Stream
Topic 6 : Role
of Financial Planner in Pre-retirement
Counseling
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Module 6: Financial
Plan Construction and Professional
Responsibilities
This course is for
students who have completed Module
1 to 5 or preparing to attempt the CFP Challenge Status. The course introduces
methods of gathering client data and teaches students how to work with
clients to set goals. Students learn how to process and analyze information,
construct personal financial statements,
and understand a written comprehensive
financial plan, including implementing,
monitoring, and reviewing the plan.
Topic 1
: The Regulatory
Environment : An Overview
Topic 2 :
Understanding the Client
Topic 3 :
The Process of Data Gathering
Topic 4 :
Financial Analysis of Data to Determine
Investment Strategy
Topic 5 :
Strategies to Meet Needs
Topic 6 :
Plan Preparation
Topic 7 :
The Plan Implementation Process
Topic 8 :
Financial Plan Review
Topic 9 :
Dealing with Client Complaints
Topic 10 :
The FPAM Code of Ethics
Topic 11 :
The Importance of Continuing Education
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