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FFPN Module 1 Financial Planning Process 2024 Questions With Complete Solutions.
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FFPN Module 1 Financial Planning Process 2024 Questions With Complete Solutions.
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Name: Score:30 Multiple choice questions
Term 1 of 30
Which of the following designations or certifications is best suited for an assistant working with a
financial planner?
(LO 1-5)
CIMA
MPAS
FPQP
CFA
Term 2 of 30
Which one of the following is a characteristic of properly stated financial goals?
(LO 1-2)
general
flexible
short term
definite
, Term 3 of 30
Asset categories that are appropriate for the client are determined in which one of the following
steps in the financial planning process?
(LO 1-3)
understanding the client's personal and financial circumstances
analyzing the client's current course of action and potential alternate course(s) of action
developing the financial planning recommendations
implementing the financial planning recommendations
Term 4 of 30
Which one of the following is a correct statement?
(LO 1-3)
Goals need be clearly stated and defined only as to purpose and amount.
A major role of a financial planner is to take the burden of decision making off of the
shoulders of the client.
Data gathering for a financial planning engagement includes both quantitative and
qualitative data.
Term 5 of 30
The current yield from already invested assets is first identified in which of the following steps in
the financial planning process?
(LO 1-3)
Understanding the client's personal and financial circumstances
Analyzing the client's current course of action and potential alternate course(s) of action
Developing the financial planning recommendations
Implementing the financial planning recommendations
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