KMDC CFP programme offered in Malaysia
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
: Introduction to Financial Planning
Topic 2 :
Nature and Scope of Financial Planning
Topic 3 :
Regulatory Controls and Practices Affecting Financial Planning
Topic 4 :
The Economic Environment and Its Effect
On Financial Planning
Topic 5 :
Analytical Tools for Financial Planners
Topic 6 :
Risk Management and Insurance Planning
Topic 7 :
Investment Planning
Topic 8 :
Income Tax Planning
Topic 9 :
Retirement Planning / Estate Planning
Topic 10 :
The Basis of Financial Plan
Topic 11 :
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 : Understanding Life Insurance Policy Contracts
Topic 7 : General Insurance Policy Contracts
Topic 8 : Health Insurance
Topic 9 :
Annuity Policy Contracts
Topic 10 :
Legislation and Rules in the Insurance Industry
Topic
11 : Consumer Protection
and Life Insurance Industry Codes
of Practice
Topic
12 : Additional Topics: Islamic Insurance, Takaful, Life Insurance and Income tax, EPF, PTPTN
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Module 3: Tax Planning
Tax planning is a critical component of financial planning. tax planning is a necessary component in achieving almost all objectives of a client. Whether it is educaiton, retirement or estate planning, tax provisions have an imppact on these major components of financial planning. Even general wealth accumulation goals will be better served with an understanding of the national tax code. Tax planning begins with understanding the taz laws, how the tax is computed and the variuos tax administrative procedures. It is however, a vast subject and at the CFP level we explore the basic principles which is enough to allow the student to exppand on this knowledge thorughout his or her career. The ultimate goal is for the CFP qualified financial planner to talk intelligently on the subject with the client and to coordinate any effort in introducing salient tax planning ideas to help the client achieve as many goals as possible.
Topic 1
: Introduction
to Taxation
Topic 2 :
Computation of Statutory Income from Employment
Topic 3 :
Computation of Statutory Income from Business
Topic 4 :
Computation of Statutory Income from Investments
Topic 5 :
Computation of Chargeable Income and Tax Payable
Topic 6 :
Tax Administration and Tax Audits
Topic 7 :
Tax Planning in Financial Planning
Topic 8 : The Employees Provident Fund and Retirement Planning
Topic 9 : Taxation Aspects of Business Succession Planning
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Module 4: Investments To understand the concepts of risk and return, the financial markets and the various financial instruments available, financial mathematics and statistics, the analysis of financial statement, the basic concepts and tools of asset valuation, asset pricing models and portfolio management. The aim is for candidates to gain the knowledge to evaluate alternative investments, the advantages and disadvantages, and to make suitable investment recommendations to clients.
Topic 1
: Basic Concepts
of Investment
Topic 2 : Financial
Mathematics and Statistics
Topic 3 :
Financial Statement Analysis
Topic 4 :
Securities Market and Investment in Shares
Topic 5 :
Basics of Equity Valuation
Topic 6 :
Investment in Bonds
Topic 7 :
Derivatives
Topic 8 :
Unit Trusts
Topic 9 :
Real Estate Investment
Topic 10 :
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 2 : Wills and Will Planning
Topic 3 :
Trusts
Topic 4 :
Powers of Attorney
Topic 5 :
Duties and Powers of the Personal
Representative
Topic 6 :
Rights of Beneficiaries
Topic 7 :
Special Estate Planning Issues for
Business Owners
Part II : RETIREMENT
PLANNING
Topic 1
: Introduction to Retirement Planning
Topic 2 :
Investment for Retirement
Topic 3 :
Retirement Schemes
Topic 4 : The
Employee Provident Fund (EPF)
Topic 5 : Retirement
Income Streams
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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