There are no prerequisites.

Course Description

This is a comprehensive course on personal finance. What is more important to the average person than making sure their finances are secure with proper planning and money management? This course includes all the major areas of personal financial planning—planning and managing your personal finances, making your purchase decisions, insuring your resources, investing your financial resources, and controlling your financial future. Topics covered include time value calculations, budgeting, career planning, banking, insurance, home buying, retirement planning, and estate planning. To clarify and supplement the discussion in each chapter, we will make use of charts, tables, illustrations, exhibits, and checklists.


Delta Publishing

For many years, Delta Publishing has offered a wide variety of continuing education courses for financial professionals. Topics covered by Delta’s courses include accounting, financial management, budgeting, investments, financial statement reporting, business management, IFRS, ethics, valuations, real estate, and business writing. The diversity and breadth of Delta’s course offerings make the company a prolific and unique contributor to the CPE world. Delta’s well-credentialed authors and contributors have also been published in numerous academic and professional journals and quoted by some of the leading financial media outlets.

Course Specifics

Aug 3, 2018
There are no prerequisites.

Compliance Information

IRS Provider #: 0MYXB
IRS Course ID: 0MYXB-T-01284-18-S
IRS Federal Tax Law Credits: 17
CTEC Provider #: 2071
CTEC Course ID: 2071-QE-0418
CTEC Federal Tax Law Credits: 17
Qualifies for CA Fraud: No

Learning Objectives

Upon successful completion of this course, participants will be able to:

Chapter 1

  • Recognize the sequential steps in the personal financial planning process
  • Specify the purpose, objectives, and key attributes of personal financial planning, identifying specific goals that should be set
  • Recognize how the stages in life affect financial planning
  • Recognize how inflation and other economic factors affect financial planning

Chapter 2

  • Recognize the usage of future value tables in financial decision-making, noting how the time value of money affects financial decisions
  • Recognize different ways to calculate the future or present value of money and determine the time future value or present value of money using the value tables
  • Identify different rules to follow in the financial decision-making process

Chapter 3

  • Recognize ways to determine net worth, noting the time period for which family wealth is presented
  • Identify items to list on a balance sheet (net worth statement) for personal net worth
  • Specify reasons for budgeting, identifying advantages and tips for a balanced budget
  • Cite the requirements of AICPA Statement of Position (SOP) 82-1, Accounting and Financial Reporting for Personal Financial Statements

Chapter 4

  • Identify occupational or career motivators, career planning checklist items to examine, and work options to consider when career planning
  • Recognize the considerations to take into account when pursuing job options, important employee benefits to consider, and potential benefits or drawbacks of working from home
  • Identify specific job hunting and career websites

Chapter 5

  • Calculate how much money savings is required for a college education given a set of circumstances
  • Identify strategies to finance college education
  • Identify sources of financial aid, citing the requirements for eligibility
  • Identify types of federal government aid programs that help families defray the costs of college education, noting the characteristics and eligibility requirements of each

Chapter 6

  • Recognize the concept of return, define terminology associated with return, and specify how return is measured
  • Determine the holding period return on an investment and the risk-return trade-off given a set of circumstances
  • Identify different investment vehicles and specify their risk-return characteristics
  • Identify the different types of risk, ways to reduce overall risk, and the relationship between risk and return
  • Recognize the defining characteristics of beta and how this concept is used to manage uncontrollable risk

Chapter 7

  • Identify attributes of different short-terms investment vehicles, noting benefits and drawbacks for each type of investment
  • Recognize the methods that banks use to calculate interest on depositors’ account balances, identifying applicable advantages and disadvantages
  • Identify different available banking tools
  • Identify the organizations that insure bank accounts as well as banking regulators, citing the maximum amount insured on an account balance should the bank fail

Chapter 8

  • Identify the different factors that contribute to credit ratings and FICO scores
  • Recognize various debt management strategies and debt/equity ratios, citing areas of concern or potential danger signals that debts are too high
  • Cite legislative acts or regulations that govern credit card transactions, statements, and disclosures; fair credit reporting; and debt management and specify the purpose or intent behind the requirements as well as prohibited actions
  • Identify aspects of bankruptcy law

Chapter 9

  • Identify ways to reduce living costs
  • Recognize the rules and nuances of leasing versus buying, noting the calculations that determine which option is the best for your circumstances

Chapter 10

  • Recognize factors to consider when buying or renting a home, noting advantages and disadvantages of home ownership
  • Identifying different cost factors for housing and home financing

Chapter 11

  • Define insurance and specify the difference between an insurance contract and any other contract
  • Identify the types of risk that need to be protected
  • Specify the various types of life insurance policies and organizations, identify the defining characteristics of each, and determine collectible benefits
  • Recognize the defining attributes of medical and health insurance coverage
  • Specify policy attributes for property, liability, and casualty insurance, noting what is covered or not covered under these policies as well as amounts that can be collected after an event

Chapter 12

  • Define terms associated with investing and identify different types of assets
  • Identify investment strategies and sources of investment money, noting differences in the various investment markets
  • Specify the different risk factors for investments, recognizing the impact of economic and market factors

Chapter 13

  • Identify types of common stock, noting their characteristics and applicable shareholder rights
  • Cite the difference between stock dividends and splits
  • Specify methods and criteria for stock valuation and determine the value of a particular stock given a set of circumstances
  • Identify ways to measure market-risk

Chapter 14

  • Identify the various types of bonds, citing terms and distinguishing features as well as advantages or disadvantages
  • Recognize the methods or criteria used for selecting bonds
  • Identify ways to determine interest rate risk and calculate yield (effective rate of return) on a bond
  • Recognize the defining characteristics of preferred stock, citing similarities and differences with bonds
  • Determine the price of preferred stock given a set of circumstances
  • Identify other short-term fixed-income securities

Chapter 15

  • Identify the pros and cons of investing in real estate as well as types of real estate investments
  • Recognize the characteristics of indirect real estate vehicles such as real estate investment trusts (REITs) and limited partnerships, identifying advantages or disadvantages

Chapter 16

  • Identify the various types and classifications of mutual funds, noting their characteristics and defining terminology
  • Determine the return value of a mutual fund and the beta of a portfolio given a set of circumstances
  • Cite factors or criteria to consider when investing in mutual funds and exchange traded funds as well as strategies that help to reduce risk and diversify

Chapter 17

  • Identify different types of retirement options and income
  • Cite steps to be taken for retirement planning and specify when retirement planning should ideally begin
  • Determine the amount needed in a retirement plan given a set of circumstances
  • Identify alternative options for meeting retirement financial requirements

Chapter 18

  • Cite the primary purpose estate planning, identifying what this planning process involves
  • Recognize the various types of legal documents used in estate planning, identifying their purpose and proper usage

Choose Your Preferred Format

Online Access

Get immediate access to a robust collection of learning and reference materials, allowing you to dive deep into the information you need. Our self-study materials are authored by top-quality, industry experts who focus on helping you grasp concepts quickly using real-life examples. Download your CPE to any device, and take it with you so you can learn when and wherever you want. Complete your CPE with an online exam, and enjoy instant grading with the option to print your certificate immediately upon passing.

online access
Hard Copy

Our self-study materials are authored by top-quality, industry experts. You’ll receive a bound notebook of all the course materials, shipped to you within one business day. In addition, you’ll also have full online access. Each self-study package includes a robust collection of learning and reference materials to help you cover the information efficiently and put it into practice immediately.

hard copy
Self-Study Video

Experience high-quality instruction with our Self-Study Videos, available to you 24/7. With more than 80+ videos currently in the Western CPE Self-Study Video library, you can see and hear our expert instructors deliver the information you need in a dynamic way that allows you to immediately apply your learning. Unlike a live course or webcast, you can complete the course on your own time, playing and pausing as needed. Self-Study Videos allow you to complete your CPE requirements on your own time.

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