2017 – 2018
Florida Department of Education
Curriculum Framework 

Program Title:	Personal Financial Planning
Program Type:	Career Preparatory
Career Cluster:	Finance

Note:  This program has been daggered for deletion for low enrollment, with 2016-2017 the last year students are able to enroll.  Students may be taught out at discretion of program.  

PSAV	
Program Number	F100200	
CIP Number	0252080401	
Grade Level	30, 31	
Standard Length	270 hours	
Teacher Certification	Refer to the Program Structure section.	
CTSO	Collegiate DECA
Phi Beta Lambda	
SOC Codes 	13-2052 – Personal Financial Advisors	
CTE Program Resources 	http://www.fldoe.org/academics/career-adult-edu/career-tech-edu/program-resources.stml	
Basic Skills Level	N/A	

Purpose

The purpose of this program is to develop individuals who can advise clients on financial plans utilizing knowledge of tax and investment strategies, securities, insurance, pension plans, and real estate.

This program offers a sequence of courses that provides coherent and rigorous content aligned with challenging academic standards and relevant technical knowledge and skills needed to prepare for further education and careers in the Finance career cluster; provides technical skill proficiency, and includes competency-based applied learning that contributes to the academic knowledge, higher-order reasoning and problem-solving skills, work attitudes, general employability skills, technical skills, and occupation-specific skills, and knowledge of all aspects of the Finance career cluster. 

Additional Information relevant to this Career and Technical Education (CTE) program is provided at the end of this document.

Program Structure

This program is a planned sequence of instruction consisting of two occupational completion points.

This program is comprised of courses which have been assigned course numbers in the SCNS (Statewide Course Numbering System) in accordance with Section 1007.24 (1), F.S.  Career and Technical credit shall be awarded to the student on a transcript in accordance with Section 1001.44(3)(b), F.S.

To teach the courses listed below, instructors must hold at least one of the teacher certifications indicated for that course.

The following table illustrates the postsecondary program structure:

OCP	Course Number	Course Title	Teacher Certification	Length	SOC Code	
A	BRC0080	Estate Planning	PER FIN PL 7 G	45 hours	13-2052	
	BRC0081	Income Tax Planning		45 hours		
	BRC0082	Investment Planning		45 hours		
	BRC0083	Employee Benefits and Retirement Planning		45 hours		
	BRC0084	Principles of Financial and Insurance Planning		45 hours		
B	BRC0089	Personal Financial Planning (Capstone)		45 hours		

Common Career Technical Core – Career Ready Practices

Career Ready Practices describe the career-ready skills that educators should seek to develop in their students.  These practices are not exclusive to a Career Pathway, program of study, discipline or level of education.  Career Ready Practices should be taught and reinforced in all career exploration and preparation programs with increasingly higher levels of complexity and expectation as a student advances through a program of study. 

1. Act as a responsible and contributing citizen and employee. 

2. Apply appropriate academic and technical skills. 

3. Attend to personal health and financial well-being. 

4. Communicate clearly, effectively and with reason. 

5. Consider the environmental, social and economic impacts of decisions. 

6. Demonstrate creativity and innovation. 

7. Employ valid and reliable research strategies. 

8. Utilize critical thinking to make sense of problems and persevere in solving them. 

9. Model integrity, ethical leadership and effective management. 

10. Plan education and career path aligned to personal goals. 

11. Use technology to enhance productivity. 

12. Work productively in teams while using cultural/global competence. 

Standards

After successfully completing this program, the student will be able to perform the following:

01.0	Use oral and written communication skills in creating, expressing and interpreting information and ideas. 
02.0	Demonstrate an understanding of the purpose and practice of estate planning.
03.0	Demonstrate an understanding of ownership and transfer of property. 
04.0	Demonstrate an understanding of taxation of gratuitous transfers. 
05.0	Demonstrate an understanding of trusts. 
06.0	Demonstrate an understanding of life insurance. 
07.0	Demonstrate an understanding of charitable planning.  
08.0	Demonstrate an understanding of intrafamily techniques for business interests.
09.0	Demonstrate an understanding of planning for employee benefits, including retirement accounts. 
10.0	Demonstrate an understanding of valuation planning.
11.0	Use information technology tools.
12.0	Demonstrate an understanding of income tax planning.
13.0	Demonstrate personal money-management concepts, procedures, and strategies.
14.0	Demonstrate an understanding of gross income. 
15.0	Demonstrate an understanding of deductions and losses.
16.0	Demonstrate an understanding of activity loss rules.  
17.0	Demonstrate an understanding of property transactions.  
18.0	Demonstrate an understanding of business formation. 
19.0	Demonstrate an understanding of fixed income securities.  
20.0	Demonstrate an understanding of security analysis and valuation.  
21.0	Demonstrate an understanding of security markets and investment environment.  
22.0	Demonstrate an understanding of modern portfolio theory.  
23.0	Demonstrate an understanding of fundamental and technical analysis.  
24.0	Demonstrate an understanding of investment alternatives.   
25.0	Demonstrate an understanding of derivative assets.  
26.0	Demonstrate an understanding of investment management. 
27.0	Demonstrate an understanding of the retirement planning process and qualified retirement plans.  
28.0	Demonstrate an understanding of plan, design, development and maintenance.  
29.0	Demonstrate an understanding of defined contribution plans.  
30.0	Demonstrate an understanding of defined benefit plans.  
31.0	Demonstrate an understanding of other qualified retirement plans.  
32.0	Demonstrate an understanding of the duties of a Financial Planner.
33.0	Demonstrate an understanding of financial analysis.  
34.0	Demonstrate an understanding of financial needs analysis.  
35.0	Demonstrate an understanding of economic environment.  
36.0	Demonstrate an understanding of ethical and professional considerations.  
37.0	Demonstrate an understanding of the time value of money.  
38.0	Demonstrate leadership and teamwork skills needed to accomplish team goals and objectives.
39.0	Describe the roles within teams, work units, departments, organizations, inter-organizational systems, and the larger environment.
40.0	Describe the importance of professional ethics and legal responsibilities.
41.0	Explain the importance of employability and entrepreneurship skills.
42.0	Demonstrate an understanding of the profession of financial planning.  
43.0	Demonstrate an understanding of the process of financial planning.  
44.0	Demonstrate an understanding of the product of financial planning.  
45.0	Demonstrate an understanding of writing a financial plan.  
46.0	

2017 – 2018
Florida Department of Education
Student Performance Standards

Program Title:	Personal Financial Planning 
PSAV Number:	F100200

Course Number:  BRC0080 
Occupational Completion Point:  A 
Estate Planning – 45 Hours – SOC Code 13-2052	
01.0	Use oral and written communication skills in creating, expressing and interpreting information and ideas – the students will be able to:	
01.01	Select and employ appropriate communication concepts and strategies to enhance oral and written communication in the workplace.	
01.02	Locate, organize and reference written information from various sources.	
01.03	Design, develop and deliver formal and informal presentations using appropriate media to engage and inform diverse audiences.	
01.04	Interpret verbal and nonverbal cues/behaviors that enhance communication.	
01.05	Apply active listening skills to obtain and clarify information.	
01.06	Develop and interpret tables and charts to support written and oral communications.	
01.07	Exhibit public relations skills that aid in achieving customer satisfaction.	
02.0	Demonstrate an understanding of the purpose and practice of Estate Planning – the student will be able to:	
02.01	Explain the estate planning process and goals.	
02.02	Describe the Methods of Estate Transfer.	
03.0	Demonstrate an understanding of ownership and transfer of property – the student will be able to:	
03.01	Review a will and explain an Executor’s primary duties.	
03.02	Define a gift and explain the tax implications.	
03.03	Explain planning for the elderly, disabled and non-traditional relationships.	
04.0	Demonstrate an understanding of taxation of gratuitous transfers – the student will be able to:	
04.01	Explain the Federal Estate Tax.	
04.02	Explain the Federal Gift Tax.	
04.03	Describe Generation Skipping Transfer Tax.	
05.0	Demonstrate an understanding of Trusts – the student will be able to:	
05.01	Describe the different types of trusts and when their use is indicated.	
06.0	Demonstrate an understanding of life insurance – the student will be able to:	
06.01	Explain the different types of life insurance and their tax implications. 	
06.02	Describe an Irrevocable Life Insurance Trust.	
07.0	Demonstrate an understanding of charitable planning – the student will be able to:	
07.01	Define a Charitable Contribution.	
07.02	Describe Charitable Split Interest Trusts.	
07.03	Explain the Conservation Easement Exclusion.	
08.0	Demonstrate an understanding of intrafamily techniques for business interests – the student will be able to:	
08.01	Explain the disposition of property and business interests and the tax implications.	
08.02	Describe the tax implications of the purchase of property and business interests.	
08.03	Explain interest-free and below market rate loans as a planning technique.	
08.04	Compare FLPs and other business entities.	
09.0	Demonstrate an understanding of planning for employee benefits, including retirement accounts – the student will be able to:	
09.01	Explain and compare the different retirement plans and accounts.	
09.02	Describe a Health Reimbursement Arrangement.	
09.03	Demonstrate an understanding of valuation planning	
09.04	Describe the requirements and tax implications of valuation.	
09.05	Explain freezing techniques for corporations and partnerships.	
10.0	Demonstrate an understanding of valuation planning – the student will be able to: 	
10.01	Describe valuation planning.	

Course Number:  BRC0081 
Occupational Completion Point:  A 
Income Tax Planning – 45 Hours – SOC Code 13-2052	
11.0	Use information technology tools – the students will be able to:	
11.01	Use personal information management (PIM) applications to increase workplace efficiency.	
11.02	Employ technological tools to expedite workflow including word processing, databases, reports, spreadsheets, multimedia presentations, electronic calendar, contacts, email, and internet applications.	
11.03	Employ computer operations applications to access, create, manage, integrate, and store information.	
11.04	Employ collaborative/groupware applications to facilitate group work.	
12.0	Demonstrate an understanding of income tax planning – the student will be able to:	
12.01	Explain income tax law fundamentals.	
12.02	Explain tax compliance.	
12.03	Detail the various tax credits.	
12.04	Describe the imposition of tax.	
13.0	Demonstrate personal money-management concepts, procedures, and strategies – the students will be able to:	
13.01	Identify and describe the services and legal responsibilities of financial institutions.	
13.02	Describe the effect of money management on personal and career goals.	
13.03	Develop a personal budget and financial goals.	
13.04	Complete financial instruments for making deposits and withdrawals.	
13.05	Maintain financial records.	
13.06	Read and reconcile financial statements.	
13.07	Research, compare and contrast investment opportunities.	
14.0	Demonstrate an understanding of gross income – the student will be able to:	
14.01	Define income.	
14.02	Explain the timing of income and deductions.	
14.03	Describe the two basic accounting methods.	
14.04	Demonstrate the conversion of income.	
15.0	Demonstrate an understanding of deductions and losses – the student will be able to:	
15.01	Explain the various types of allowable tax deductions.	
15.02	Explain cost recovery concepts.	
15.03	Describe charitable contributions and deductions.	
15.04	Demonstrate charitable planning.	
16.0	Demonstrate an understanding of activity loss rules – the student will be able to:	
16.01	Describe passive activity and at-risk rules.	
16.02	Explain alternative minimum taxation.	
16.03	Detail alternative minimum tax planning.	
16.04	Describe stock option planning.	
17.0	Demonstrate an understanding of property transactions – the student will be able to:	
17.01	Interpret the concept of basis.	
17.02	Explain capital gains and losses.	
17.03	Describe like-kind exchanges.	
17.04	Describe planning for sale or exchange of assets.	
18.0	Demonstrate an understanding of business formation – the student will be able to:	
18.01	Define Sole Proprietorship.	
18.02	Explain Partnerships.	
18.03	Define C Corporations.	
18.04	Define S Corporations.	
18.05	Explain Limited Liability Companies and Partnerships.	
	
Course Number:  BRC0082 
Occupational Completion Point:  A 
Investment Planning – 45 Hours – SOC Code 13-2052	
19.0	Demonstrate an understanding of fixed income securities – the student will be able to:	
19.01	Identify the features of fixed income securities.	
19.02	Demonstrate valuation and analysis of fixed income investments.	
20.0	Demonstrate an understanding of security analysis and valuation – the student will be able to:	
20.01	Explain security valuation.	
21.0	Demonstrate an understanding of security markets and investment environment – the student will be able to:	
21.01	Explain investment risk.	
21.02	Demonstrate how to measure investment risk.	
21.03	Describe time-value concepts.	
21.04	Explain how to measure investment returns.	
22.0	Demonstrate an understanding of modern portfolio theory – the student will be able to:	
22.01	Explain how to measure yield.	
22.02	Explain asset pricing models.	
22.03	Describe portfolio management and measurement.	
23.0	Demonstrate an understanding of fundamental and technical analysis – the student will be able to:	
23.01	Explain asset allocation and portfolio construction. 	
23.02	Describe investment strategies.	
24.0	Demonstrate an understanding of investment alternatives – the student will be able to:	
24.01	Explain investment alternatives.	
25.0	Demonstrate an understanding of derivative assets – the student will be able to:	
25.01	Define derivative assets.	
26.0	Demonstrate an understanding of investment management – the student will be able to:	
26.01	Explain investment management.	

Course Number:  BRC0083 
Occupational Completion Point:  A 
Employee Benefits and Retirement Planning – 45 Hours – SOC Code 13-2052	
27.0	Demonstrate an understanding of the retirement planning process and qualified retirement plans – the student will be able to:	
27.01	Explain the process of employee benefit planning.	
27.02	Describe the retirement planning process.	
27.03	Explain the rules regarding government regulation and how to find them.	
27.04	Explain the general rules for qualification for qualified plans.	
27.05	Explain the distributions and loans of qualified plans.	
28.0	Demonstrate an understanding of plan, design, development and maintenance – the student will be able to:	
28.01	Design the right pension plan.	
28.02	Describe the benefit plans for proprietorships, partnerships and S corporations.	
28.03	Explain how to install a qualified retirement plan.	
29.0	Demonstrate an understanding of defined contribution plans – the student will be able to:	
29.01	Describe a cash balance pension plan.	
29.02	Describe a money purchase pension plan.	
29.03	Explain a profit sharing plan.	
29.04	Describe a savings plan.	
30.0	Demonstrate an understanding of defined benefit plans – the student will be able to:	
30.01	Explain a defined benefit pension plan.	
30.02	Describe a target/age weighted plan.	
31.0	Demonstrate an understanding of other qualified retirement plans – the student will be able to:	
31.01	Explain a government employer deferred compensation plan. 	
31.02	Describe HR 10 (KEOGH) plans.	
31.03	Explain traditional IRAS.	
31.04	Explain ROTH IRAS.	
31.05	Describe a section 401(K) plan.	
31.06	Explain a Simplified Employee Pension (SEP).	
31.07	Define the term SIMPLEs.	

Course Number:  BRC0084 
Occupational Completion Point:  A 
Principles of Financial and Insurance Planning – 45 Hours – SOC Code 13-2052	
32.0	Demonstrate an understanding of the duties of a Financial Planner – the student will be able to:	
32.01	Define Financial Planner.	
32.02	Explain who is a Financial Planner.	
32.03	Describe the steps in the financial planning process.	
32.04	Demonstrate the use of the tools in the financial planning process.	
32.05	Describe attitudes and behavioral characteristics of clients.	
33.0	Demonstrate an understanding of financial analysis – the student will be able to:	
33.01	Demonstrate the concepts of budgeting and cash management.	
33.02	Explain financial goals – current lifestyle.	
33.03	Show how to construct personal financial statements.	
34.0	Demonstrate an understanding of financial needs analysis – the student will be able to:	
34.01	Describe education funding.	
34.02	Explain special circumstances.	
34.03	Explain special needs.	
34.04	Describe business entities.	
34.05	Discuss ownership of property.	
34.06	Define key terms and concepts of business law.	
35.0	Demonstrate an understanding of economic environment – the student will be able to:	
35.01	Explain economic concepts.	
35.02	Describe the business cycle, monetary policy, and fiscal policy.	
35.03	Demonstrate the measures of economic activity.	
35.04	Describe leading and other economic indicators.	
36.0	Demonstrate an understanding of ethical and professional considerations – the student will be able to:	
36.01	Explain financial services industry regulations.	
36.02	Discuss ethics and disciplinary rules.	
36.03	Detail financial planning practice standards.	
37.0	Demonstrate an understanding of the time value of money – the student will be able to:	
37.01	Describe the time value of money and quantitative analysis.	
38.0	Demonstrate leadership and teamwork skills needed to accomplish team goals and objectives – the students will be able to:	
38.01	Employ leadership skills to accomplish organizational goals and objectives.	
38.02	Establish and maintain effective working relationships with others in order to accomplish objectives and tasks.	
38.03	Conduct and participate in meetings to accomplish work tasks. 	
38.04	Employ mentoring skills to inspire and teach others.	
39.0	Describe the roles within teams, work units, departments, organizations, inter-organizational systems, and the larger environment – the students will be able to: 	
39.01	Describe the nature and types of business organizations.	
39.02	Explain the effect of key organizational systems on performance and quality. 	
39.03	List and describe quality control systems and/or practices common to the workplace.	
39.04	Explain the impact of the global economy on business organizations.	
40.0	Describe the importance of professional ethics and legal responsibilities – the students will be able to:	
40.01	Evaluate and justify decisions based on ethical reasoning.	
40.02	Evaluate alternative responses to workplace situations based on personal, professional, ethical, legal responsibilities, and employer policies.	
40.03	Identify and explain personal and long-term consequences of unethical or illegal behaviors in the workplace.	
40.04	Interpret and explain written organizational policies and procedures.	
41.0	Explain the importance of employability and entrepreneurship skills – the students will be able to:	
41.01	Identify and demonstrate positive work behaviors needed to be employable.	
41.02	Develop personal career plan that includes goals, objectives, and strategies.	
41.03	Examine licensing, certification, and industry credentialing requirements.	
41.04	Maintain a career portfolio to document knowledge, skills, and experience.	
41.05	Evaluate and compare employment opportunities that match career goals.	
41.06	Identify and exhibit traits for retaining employment.	
41.07	Identify opportunities and research requirements for career advancement.	
41.08	Research the benefits of ongoing professional development.	
41.09	Examine and describe entrepreneurship opportunities as a career planning option.	

Course Number:  BRC0089 
Occupational Completion Point:  B 
Personal Financial Planning (Capstone) – 45 Hours – SOC Code 13-2052	
42.0	Demonstrate an understanding of the profession of financial planning – the student will be able to:	
42.01	Define financial planning.	
42.02	Explain how ethics, laws, and regulation standards impact the plan, process, and the profession.	
43.0	Demonstrate an understanding of the process of financial planning – the student will be able to:	
43.01	Explain the importance of client communication.	
43.02	Describe and apply a general model of decision making.	
43.03	Identify and explain the six steps in the systematic financial planning process.	
43.04	Explain what it means to frame client goals and objectives.	
43.05	Explain how to analyze a client’s current situation and how to develop a financial plan. 	
43.06	Identify the impact of plan implementation on goal achievement. 	
44.0	Demonstrate an understanding of the product of financial planning – the student will be able to:	
44.01	Identify and apply fundamental guidelines for crafting a well-written financial plan.	
45.0	Demonstrate an understanding of writing a financial plan – the student will be able to:	
45.01	Define the financial planning process.	
45.02	Perform financial computations for financial planning.	
45.03	Describe cash flow planning.	
45.04	Explain income tax planning.	
45.05	Review life insurance planning.	
45.06	Explain the basic issues involved in medical insurance planning and policy selection.	
45.07	Determine and quantify the client’s need for disability insurance.	
45.08	Explain long term care insurance.	
45.09	Review issues to maximize a client’s protection planning for property and liability exposures.   	
45.10	Compare and adapt investment planning strategies to meet the needs of clients.	
45.11	Explain the steps to analyze and evaluate a client’s current educational funding situation.	
45.12	Describe common retirement planning strategies.	
45.13	Explain the essential steps to conduct an estate planning analysis.	

Additional Information

Laboratory Activities

Laboratory investigations that include scientific inquiry, research, measurement, problem solving, emerging technologies, tools and equipment, as well as, experimental, quality, and safety procedures are an integral part of this career and technical program/course. Laboratory investigations benefit all students by developing an understanding of the complexity and ambiguity of empirical work, as well as the skills required to manage, operate, calibrate and troubleshoot equipment/tools used to make observations. Students understand measurement error; and have the skills to aggregate, interpret, and present the resulting data. Equipment and supplies should be provided to enhance hands-on experiences for students.

Special Notes

MyCareerShines is an interactive resource to assist students in identifying their ideal career and to enhance preparation for employment. Teachers are encouraged to integrate this resource into the program curriculum to meet the employability goals for each student.  Access MyCareerShines by visiting: www.mycareershines.org.

Career and Technical Student Organization (CTSO)

Collegiate DECA and Phi Beta Lambda are the intercurricular career and technical student organizations providing leadership training and reinforcing specific career and technical skills.  Career and Technical Student Organizations provide activities for students as an integral part of the instruction offered.  

Cooperative Training – OJT

On-the-job training is appropriate but not required for this program.  Whenever offered, the rules, guidelines, and requirements specified in the OJT framework apply. 

Accommodations

Federal and state legislation requires the provision of accommodations for students with disabilities to meet individual needs and ensure equal access. Postsecondary students with disabilities must self-identify, present documentation, request accommodations if needed, and develop a plan with their counselor and/or instructors. Accommodations received in postsecondary education may differ from those received in secondary education. Accommodations change the way the student is instructed. Students with disabilities may need accommodations in such areas as instructional methods and materials, assignments and assessments, time demands and schedules, learning environment, assistive technology and special communication systems. Documentation of the accommodations requested and provided should be maintained in a confidential file.

Note: postsecondary curriculum and regulated secondary programs cannot be modified.

Additional Resources

For additional information regarding articulation agreements, Bright Futures Scholarships, Fine Arts/Practical Arts Credit and Equivalent Mathematics and Equally Rigorous Science Courses please refer to:
http://www.fldoe.org/academics/career-adult-edu/career-tech-edu/program-resources.stml.