Menu
Cart 0

Exam 1 Eblasts

More Exam Writing Skills - Post #18 - FPSC Level 1 Examination - December 2017

Posted by John Gobeil on

In this Post, we will consider exam writing skills by looking at time management, calculators, formulas, rates and examination rules.                           Time Management The Guide to CFP Examinations published by the FPSC says: “FPE1 is a competency-based examination of up to four hours in duration. The examination consists of approximately 95 multiple-choice questions. The examination questions will be presented as a combination of stand-alone multiple-choice questions and two case studies with related multiple-choice questions.” “Candidates must select the most appropriate or best answer from the options provided for the scenario presented in the question. There is only one correct answer for...

Read more →

Non-Linear Thinking Skills - Post #17 - FPSC Level 1 Examination - December 2017

Posted by John Gobeil on

In this Post, we will consider exam writing skills by looking at non-linear thinking. Linear thinking Throughout your education, you probably were successful by doing step 1, and then step 2, then step 3. Most of the world is A B C D and 1 2 3 4, not A D C B and 1 4 3 2. During our two-day exam preparation course, most participants displayed this linear thinking. Marvin and Angela Smithers are professionals in their mid-40s. They have no children of their own, but dote on Angela’s sister’s two children, Samuel and Mariner. Samuel is 12 years...

Read more →

RESPs - Post #16 - FPSC Level 1 Examination - December 2017

Posted by John Gobeil on

In this Post, we will consider estate planning for your interest in an RESP. Registered Education Savings Plans Property rights are a provincial issue under the Canadian Constitution. Each province has legislation as to what capital property can have a named beneficiary and pass outside of a deceased’s estate. For example, in Ontario, the legislation for life contracts is the Insurance Act, R.S.O. 1990 and the legislation for everything else is the Succession Law Reform Act, R.S.O. 1990. Every province has something similar. So, you can name a beneficiary for: a life insurance contract and a segregated fund contract; a...

Read more →

Answering Case Study Questions! - Post #15 - FPSC Level 1 Examination - December 2017

Posted by John Gobeil on

In this Post, we will look at an effective approach to answering case study questions.  The Challenge As one candidate reported, “I was really rushed to complete the last case study. I took your advice and started the case studies first as it allowed me to take sufficient time to complete all 4 case studies and I knew I would struggle searching for data in the last few hours. The case studies were around 6-7 pages long and the last two pages were the financial statements. I think I should have practiced these more; getting information out of long case...

Read more →

Anxiety, Exam Structure and Strategy! - Post #14 - FPSC Level 1 Examination - December 2017

Posted by John Gobeil on

In this Post, we will consider the anxiety caused by the many rates, amounts and calculations that you might find on the exam; look into the exam structure; and explain how you need to approach a collection question differently than a strategy question. Question concerning rates, amounts and calculations We received the following inquiry from one of our readers and thought that you would be interested in the issue. “I have a couple of questions about the 1,000 question test bank. Some of these questions require me to memorize ridiculous information. For example, question 19 in Income Tax Planning requires...

Read more →


Sale

Unavailable

Sold Out