Taxonomy

Bloom’s Taxonomy is a widely used educational classification system for defining, distinguishing and categorizing different levels of cognitive thinking. It provides the framework for the Financial Planning Body of Knowledge (FP-BoK).

The verbs used in the FP-BoK articulate the depth of knowledge expected of QAFP professionals and CFP professionals and align with those used in Bloom’s Taxonomy.



Glossary of Verbs Used in the FP-BoK

VERBDEFINITION
Define

To state exactly the meaning of

Identify

To be aware of / to recognize and correctly name / to locate an appropriate resource

Explain

To make clear the meaning of / to describe something in more detail or reveal relevant facts or ideas related to it

Compare

To note the similarities and differences between two or more things

Estimate

To determine an approximate value for

Calculate

To find the value using mathematics

Convert

To change from one form or purpose to another

Evaluate

To reach a conclusion or make a through careful study

Interpret

To give the meaning of / to construe or understand / to translate orally