AFC Module - 30 - Next Steps Conclusion

Question 1

AFC CORE Competencies

Answer 1

1. Set the stage and gather client information (10%)
2. Assist a Client in Creating an Action Plan (12%)
3. Develop Financial Statements, Ratios, and Spending Plans (10@)
4. Manage Money (15%)
5. Manage Credit and Debt (15%_
6. Educate a Client about Major Acquisitions (10%)
7. Manage Financial Risks (9%)
8. Discuss Investment Basics with a Client (10%)
9. Educate a Client about the Financial Aspects of Retirement and Estate Planning (9%)

Question 2

The Standard

Answer 2

Name of the AFCPE quarterly newsletter

Question 3

Journal of Financial Counseling and Planning

Answer 3

Semi-annual latest financial research and information available to AFCPE members

Question 4

Mentor Connect

Answer 4

Allows students and others who are new to the profession an opportunity to forge relationships with seasoned professionals

Question 5

Reporting Period for CEUs

Answer 5

Due by June 30th of every even numbered year

Question 6

CEU - Requirement

Answer 6

30 hours of CEU’s every two years after inaugural reporting period. Period starts beginning when you become certified.

Question 7

Four Requirements for AFC certification

Answer 7

1. Education
2. Exam
3. Experience
4. Ethics

Question 8

Professional Designation Challenge

Answer 8

Candidates who hold the following may submit documentation of their credentials and current standing to meet the AFC education requirement.

1. CFP
2. CPA
3. ChFC
4. CFC

Question 9

AFC Experience Requirement

Answer 9

1000 hours of financial counseling experience