Before
you sit for the comprehensive exam, you can access the CFP Internet
Exam Review, which presents you with more than 1,000 additional multiple-choice
questions to help you identify where you need to focus your study efforts.
This course is divided into six sections: one for each of the CFP Professional Education Program
courses, plus a case analysis section. If you have purchased the CFP
Review course and would like to purchase the CFP Internet Exam Review,
e-mail the Student Services Center,
or call 800-237-9990 to inquire about applicable discounts.
Below is
a description of each of the elements in the CFP Internet Exam Review.
You'll find information and explanations about how the questions are
presented, the Exam Status Board, and the Results Breakdown.
There is also a 10-item
Demonstration Exam available that allows you to
preview the format and framework before purchasing the full product.
The College for Financial Planning's CFP Internet
Exam Review for the CFP Certification Examination has the following features to help you
prepare for the comprehensive exam:
Two pre-tests, which allow you to assess those subject areas
that might need additional review. Each of these pre-tests has 100 questions and is timed.
Your results are presented in a table, so you can easily identify areas for further
study.
120-question practice exams
in the five content areas.
Three case studies, each with 20 questions.
Two post-tests, which allow you to make a final assessment
of your readiness for the CFP Certification Examination. Each post-test is timed and has 100
questions.
Benefits of the College for Financial
Planning's CFP Internet Exam Review for the CFP Certification Examination include:
Over 1,000 practice questions are available to you.
You can take many different practice exams, each one in a
timed environment. This will let you determine your test time management.
The case studies are comprehensive in nature, just as they
are in the CFP Certification Examination.
You can re-take any exam as often as you like.
The assessment allows you to determine those areas in which
you need additional study or practice. Your progression is tracked and displayed to you in
a series of tables. You'll be able to tell at a glance which subject
areas might need additional study.
Jim Body, age 47, purchased a deferred
annuity in January 1983 for $50,000. In 1997, when the surrender
value was $125,000, Jim took a premature distribution of $75,000.
Which one of the following statements correctly describes the income
tax consequences of the distribution?
To answer
a question, click the radio button next to the answer you believe is
correct. Then, click "Submit Answer" at the left bottom of
the page.
You will
then see a review of the question, your answer, and a justification
of the correct answer. Click the "Next Question" button to
continue with your exam.
Note that
once you submit an answer to a question, the software will not accept
a change to your answer.
You can
also use the Back and Next links to review All Questions or only the
Unanswered Questions.
If you
have questions about the functionality of the CFP Internet Exam Review
while taking an exam, click the "Help" link.
The "Reference"
link is used only in the Case Studies to present fact pattern information,
including tax tables and case facts.
As you
take a test you will note that information about your progress in the exam appears
above each question. This Exam Status Board looks like this:
Exam: Pre-Test 1
Question: 2 of 100
CFPCOMP_EP_PREA002
Pct Correct: 100
Time: 5 min.
Information on this status board is broken up into two
columns. The first column includes the name of the exam, the question you are currently
answering, the total number of questions in the exam, and the code representing the
particular question. The second column includes the percentage of questions you have answered
correctly, and the amount of time you've been working on the exam.
One row
appears for each exam you take, identified by the date of the exam.
You may take each exam as many times as you like.
Start New Test
Financial
Planning Process & Insurance
Investment
Planning
Income
Tax Planning
Retirement
Planning & Employee Benefits
Estate
Planning
1/1/98
12 / 20 60%>
18
/ 20 90%
13 / 20 65%
18
/ 20 90%
19 / 20 95%
To start
a new exam, click the "Start New Test" link. If you want to
re-enter an incomplete exam, click the date of that exam (which is a
link); when you click the date, you'll be placed in the first unanswered
question of that exam.
The other
columns in the Results Breakdown table correspond to the five courses
within the College's CFP Professional Education Program, the number of questions you have
answered, and the percentage of questions answered correctly.