AFC® Program Competencies

Percentages below are in relation to the AFC exam.

1. Set the Stage and Gather Client Information (10%)
   • Establish the counseling environment
   • Gather client information
   • Form a strategic counseling plan
2. Assist a Client in Creating an Action Plan (12%)
   • Assist a client in establishing goals
   • Assist a client in identifying strategies to attain goals
3. Develop Financial Statements, Ratios and Spending Plans (10%)
   • Educate a client about a cash flow statement
   • Educate a client about a net worth statement
   • Educate a client about personal financial ratios
   • Educate a client about spending plans
4. Manage Money (15%)
   • Educate a client about financial services
   • Familiarize a client with basic tax management
   • Discuss employment considerations with a client
5. Manage Credit and Debt (15%)
   • Educate a client about uses of credit
   • Educate a client about credit reports and scores
   • Educate a client about credit products
   • Educate a client about debt management
6. Educate a Client about Consumer Protection (6%)
   • Educate a client about consumer rights and responsibilities
   • Educate a client about identity theft
   • Educate a client about investor protection
7. Educate a Client about Major Acquisitions (7%)
   • Acquire property
   • Educate a client about renting a home
   • Educate a client about purchasing a home
   • Educate a client about selling a home
8. Manage Financial Risks (9%)
   • Educate a client about financial risk
   • Educate a client about insurance products
9. Discuss Investment Basics with a Client (8%)
   • Educate a client about investment fundamentals
   • Educate a client about investment choices
10. Educate a Client about the Financial Aspects of Retirement and Estate Planning (8%)
    • Educate a client about retirement planning
    • Educate a client about estate planning