Professional Refresher

Financial Planning Personal Financial Statements
Module released March 2021 | CPD time: 2
When creating financial plans for clients, it is important to understand the purpose of personal financial statements: client net worth, tax and cashflow/income and expenditure. This module examines how to create and calculate these statements for clients and mitigate any tax consequences of the advice that is given in the financial plan.
1. Introduction
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2. Why Financial Statements are Important
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3. Preparing a Net Worth Statement
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4. Preparing an Income & Expenditure Statement: Steps 1-3
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5. Preparing an Income & Expenditure Statement: Step 4
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6. Bringing it All Together
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Module Test
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