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PFS credential preparation

PFP Boot Camp: Risk Management/Employee and Business-Owner Planning Logo aicpa

  Free |   AICPA |   Mar 2017 |   Specialized Knowledge and Applications |   AICPA Store
Who Will Benefit?
  • CPAs and PFS Credential candidates
Key Topics
  • Risk Management
  • Loss Exposure
  • Insurance
  • Annuities
  • Property and casualty insurance
  • Long Term Care Insurance
  • Executive Compensation
Learning Objectives

This course will prepare you to do the following:

  • Identify, assess and evaluate loss exposures
  • Select and propose risk management technique(s)
  • Articulate the legal elements and characteristics of insurance contracts
  • Compare and contrast types of life insurance
  • Recognize the various types and uses of annuities
  • Evaluate annuity distribution option based on client’s goals
  • Differentiate and compare the various types of disability insurance
  • Select disability benefits and riders based on client need
  • Select appropriate policy form for insured property based on covered perils
  • Choose liability limits based on client's financial statements
  • Distinguish differences between types of individual and group medical expense plans
  • Analyze need for LTC insurance
  • Describe the current trends and issues relating to employee benefits
  • Compare qualified and non-qualified deferred compensation plans
  • Understand the issues relating to diversification and planning relating to equity plans
  • Recognize liability exposure of business owners depending on business type
  • Understand the tax treatment of partnerships from the perspective of the owner

This CPE course is a part of the Personal Financial Planning Boot Camp series.

Gain insight on risk management is the spotlight of this PFP Boot Camp. During this course, you will review various insurance products, including life, disability and medical insurance, the types of contracts available and how insurance is used in financial planning to manage risk. You will also learn about the many types of property and casualty insurance, including homeowners, liability and auto insurance. Our employee and business-owner section offers guidance on benefits such as Social Security programs, civil service group life, disability, dental and health insurance. Further, the compensation section reviews executive compensation and equity and deferred compensation arrangements. Finally, business owner issues relating to entity selection, liability and transitioning to a retirement income producing asset are covered in this course.

Topics covered:
  • Personal financial planning: Technical: Risk management & insurance planning, Intermediate
  • Personal financial planning: Technical: Compensation & benefits, Intermediate
  • Personal financial planning: PFS credential preparation