AICPA Announces Successful Launch of Personal Financial Planning Program for College Accounting Students
To date, the AICPA has worked with multiple colleges and universities to launch the coursework on campus as well as with several schools whose new or existing coursework aligns with the PFP Body of Knowledge and the PFS (Personal Financial Specialist) credential exam. The Institute plans to expand the program in the coming year. The introduction of the PFP Program is timely. According to the
"The AICPA is encouraged by the successful launch of the PFP Program," said
The AICPA Personal Financial Planning Division provides support to help universities incorporate the program into their curriculum. In addition to working directly with the school to answer questions about the course materials, the AICPA helps to identify leaders within the state who are subject matter experts for purposes of teaching a course or providing guest lectures.
To date, the program has been implemented and coursework aligned with the PFP Body of Knowledge and PFS credential exam at eleven universities, with plans for increased expansion. Universities with the PFP Program incorporated into their curriculum include:
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A comprehensive course, "Essentials of Personal Financial Planning," introduces the fundamentals of all the major topics of personal financial planning, demonstrating their interconnectivity and the professional opportunities available for CPA financial planners. The accompanying textbook and instructor support materials highlight the integrated nature of the core areas of financial planning with tax planning. In that regard, the course path covers material that aligns with the PFP Body of Knowledge and the PFS exam administered by the AICPA.
"CPAs, with their foundational understanding of tax and well-earned reputation as trusted advisors, are extremely well positioned to offer their clients integrated tax and financial planning services," said
Courses in the PFP Program help students satisfy the accounting hours needed to meet the CPA education requirement. As an added benefit, students enrolled in the PFP Program and their professors are eligible to take the PFS exam at no charge. Visit www.aicpa.org/pfp/professor to learn more about this program.
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