Financial Planning Body of Knowledge

The Financial Planning Body of Knowledge (FP-BoK) describes knowledge expected of CFP^® professionals and QAFP^TM professionals.

knowledge topics

Define cognitive decline.
Identify warning signs of cognitive decline.^1,2
Identify financial risks of cognitive decline, such as:
- Poor decision making
- Susceptibility to financial exploitation and abuse
Define financial abuse.³
Identify common victims of financial abuse.³
Identify individuals who may engage in financial abuse.³
Identify examples of financial abuse involving pressure, force or trickery of the victim.³
Identify who an individual may contact if they believe they are a victim of financial abuse.⁴
Identify the role of the Canadian Anti-Fraud Centre (CAFC).⁵
Identify current fraudulent financial scams.⁶
Identify who an individual may contact if they believe they are a victim of fraudulent activity or a scam.⁷

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 judgement through careful study
Interpret

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

previous / Protection in Case of Insolvency of a Financial Institution