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August 2001

Release Date: August 9, 2001

Financial Planning Option Addresses Growing Need

The new financial planning option established last year in Angelo State University's Department of Accounting, Economics and Finance offers courses of interest not only to traditional students but also to practicing financial planners and certified public accountants.

Courses through the financial planning option can be taken for college credit or can be audited to meet continuing professional education (CPE) requirements. A certified public accountant can receive CPE credit counting for up to 45 classroom hours.

The three core courses in the financial planning option that will be offered in the fall are Investments (Finance 4363), Estate Planning (Finance 4347) and Income Tax Accounting (Accounting 3361). Next spring, Retirement Planning (Finance 3348) will be offered and Income Tax Accounting will be repeated. Next summer General Insurance (Finance 3364) will be available for traditional students and practicing professionals.

Dr. Norman A. Sunderman, head of the Accounting, Economics and Finance Department, said it is not too late for CPAs to submit an application and be accepted for classes beginning Aug. 27.

Individuals wanting more information on the financial planning option or individual courses should contact Dr. Thomas A. Bankston, a chartered financial analyst who directs the financial planning option, at 942-2046, ext. 245.

The ASU financial planning option prepares traditional students or practicing professionals for a career in financial planning and qualifies them to enter the program leading to a "Certified Financial Planner" designation without transcript review or additional coursework. Certified Financial Planner, or CFP, is a trademarked term awarded by the CFP board to applicants passing qualifying tests and demonstrating proficiency in the field.

ASU's program is one of only nine in Texas approved by the CFP Board as qualifying graduates to take the qualifying tests. Areas covered in the ASU program are financial statement preparation and analysis, including cash flow analysis/planning and budgeting; investment planning, including portfolio design, i.e. asset allocation and portfolio management; income tax planning; risk management; retirement planning and estate planning. Professional ethics are emphasized throughout each area.