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SCPS.NYU.EDU/FINANCE FP 4: Income Tax Planning FINA1-CE9960/$790 N Sec. 1: Thurs. 6–8.45 p.m., May 26–Aug. 11 (12 sessions). John E. Johansen, CPA, CFP Become familiar with the tax law research process, terminology, the computation of tax, and other concepts of income tax accounting. Learn tax management techniques, tax implications of employee benefits and investments, and tax implications of financial planning strategies. Business structure, sale of personal residence, and passive activity loss rules are also covered. Fees for required study guides and the online final exam are not included in tuition. Required course booklets and online exams are purchased online at dalton-education.com. Click “Student Storefront,” enter NYU for “School” and nyucfp1 for “Password.” Textbooks may be purchased elsewhere. 4.0 CEU (40 50-minute hours) FP 5: Retirement Planning and Employee Benefits FINA1-CE9944/$790 N Sec. 1: Tues. 6–8.45 p.m., May 24–Aug. 9 (12 sessions). Gain familiarity with personal and employee-sponsored retirement plans. Topics include Social Security and Medicare benefits, IRAs, tax-sheltered annuities, qualified retirement plans, distribution options, and taxation and income tax deduction/ benefit limitations. Learn the characteristics of qualified plans for employees, retirement needs analysis, and how to determine suitable investments and other employee benefits. Fees for required study guides and the online final exam are not included in tuition. Required course booklets and online exams are purchased online at dalton-education.com. Click “Student Storefront,” enter NYU for “School” and nyucfp1 for “Password.” Textbooks may be purchased elsewhere. 4.0 CEU (40 50-minute hours) FP 6: Estate Planning FINA1-CE9946/$790 N Sec. 1: Thurs. 6–9 p.m., May 26–Aug. 4 (11 sessions). Russell Fishkind, Esq., partner, Saul Ewing LLP. Learn how the federal estate tax system works and what to consider when doing estate planning. Topics include federal estate and gift taxation, various estate planning techniques, trusts use, life insurance as an estate planning tool, gifts, charitable transfers, intrafamily business and property transfers, and planning for incapacity. Fees for required study guides and the online final exam are not included in tuition. Required course booklets and online exams are purchased online at dalton-education.com. Click “Student Storefront,” enter NYU for “School” and nyucfp1 for “Password.” Textbooks may be purchased elsewhere. 4.0 CEU (40 50-minute hours) CERTIFICATE IN FINANCIAL PLANNING This certificate program is designed to fulfill the educational requirements necessary to sit for the Certified Financial Planner Certification Examination. The program covers all 89 financial planning topics required by the Certified Financial Planner (CFP) Board of Standards, Inc., and additional relevant topics. The certificate is available in three program formats to accommodate students’ specific needs and scheduling: the Certificate in Financial Planning, the Web-Delivered Certificate in Financial Planning (Live Online, Instructor-Led), and the Web-Delivered Certificate in Financial Planning (Self-Paced). Who should enroll: The Certificate in Financial Planning is for professionals and college graduates who want a career in financial planning; those who work with financial planners, accountants, attorneys, real estate agents, stockbrokers, or insurance agents; and individuals interested in learning about long-term life cycle financing. The programs are designed for students who want to complete their educational requirements for the CFP® examination. Upon completion of the program students have: • Satisfied the educational requirements of the Certified Financial Planner Board of Standards, Inc. • Substantive knowledge and technical skills for professional competence as a financial planner. • Knowledge of all 89 topics mandated by the Certified Financial Planner Board of Standards, Inc. • Proficiency in the use of a financial calculator. For more information, visit scps.nyu.edu/cfp, e-mail scps.fp.info@nyu.edu, or call (212) 992-3400. Note: CFP Board owns the marks CFP, CERTIFIED FINANCIAL PLANNER and CFP (with flame logo)®, which it awards to individuals who successfully complete initial and ongoing certification requirements. OPTION 1: Traditional Financial Planning Program This program provides traditional classroom learning and flexibility, presented in six modules covering the fundamentals of financial planning, including the financial planning process and insurance, investment planning, income tax planning, retirement planning and employee benefits, and estate planning. Candidates have up to four years to complete this program. A calculator proficiency exam is required. Tuition fees do not include the cost of required study guides and online exam fees in courses FP 2 through FP 6, which must be purchased by each individual student in order to qualify for access to the online final exam. NYU-SCPS arranges for registered students to purchase the materials from the copyright owner. This option does not include the CFP® Certification Exam Review/ FINA2-CS1000. REQUIRED COURSES FP 1: Fundamentals of Financial Planning/FINA1-CE9940 (page 5) FP 2: Financial Planning Process and Insurance/FINA1-CE9951 (page 5) FP 3: Investment Planning/ FINA1-CE9959 (page 5) Financial Calculator Proficiency Exam/ FINA1-CE9952 (page 5) FP 4: Income Tax Planning/ FINA1-CE9960 (this page) FP 5: Retirement Planning and Employee Benefits/FINA1-CE9944 (this page) FP 6: Estate Planning/ FINA1-CE9946 (this page) OPTION 2: Web-Delivered Certificate in Financial Planning (Live Online, Instructor-Led) FINA1-CE9900/$4,950 V Sec. 1: Mon. Wed. 5.30–7.30 p.m., May 9–Jan. 11 (60 sessions). This nine-month, fully interactive, online program allows professionals from across the country to participate via their computer. Using a headset and voiceover- IP technology, students engage in a virtual classroom and interact with instructors and fellow students. The program is offered in partnership with Dalton Education, innovators in online financial services education. For a demonstration, visit scps.nyu.edu/cfp. Tuition fees do not include the cost of required course materials, textbooks, and online exam fees. This option does not include the CFP® Certification Exam Review/FINA2-CS1000. OPTION 3: Web-Delivered Certificate in Financial Planning (Self-Paced) FINA1-CE9970 V Sec. 1: Dates and hours to be arranged (60 sessions). Designed for students who are motivated to participate in self-directed online study, this program can be completed at an individual pace and customized to fit each student’s interests and needs. Ideal for students with some professional experience, the program can be completed in nine months or less. The program is offered in partnership with Dalton Education. For details or to register, visit scps.nyu.edu/cfp or call (877) 426-2373. See page 14 for certificate requirements and benefits. PERSONAL FINANCE Learn to be an educated investor, prepare a personal cash flow statement, and develop your own financial plan. These courses are designed for people who are not finance professionals but who want a better understanding of investing, managing short- and long-term finances, and personal finance planning. TOPICS IN FINANCE Topics in Finance Series FINA1-CE9761/$95 N Sec. 1: Thurs. 6.30–8.30, June 16–30 (3 sessions). William Wu, CFP, Kramer Financial Group, LLC. The “new normal” applies not only to the economy but to our careers and how we manage our finances. The recent financial crisis challenged all of us to take charge of our financial security under a new set of assumptions. Discuss the tools and knowledge to survive, succeed, and thrive in your finance career. SESSION 1: OPTIMIZING CASH FLOW AND BUDGETING The first step toward proper financial planning is ensuring your finances are secure. Learn to manage liabilities by developing a budgeting plan. Discover creative ways to save money in New York City. This class is designed to provide a proper basis for investing. SESSION 2: INTRODUCTION TO INVESTING Learn the importance of setting goals when beginning to invest. Examine different types of investments, and study how to evaluate and use mutual funds. Understand the risks and concerns before investing. This class is designed for the novice-to-intermediate investor. SESSION 3: NAVIGATING THE FINANCIAL ADVISORY INDUSTRY This session ties together the previous classes and provides preparation for seeking advice from the financial planning industry. What do all of those certifications mean How are financial planners compensated How do I find a good financial planner These are just a few of the questions that are answered. N Meets at Norman Thomas Center, 111 E. 33rd St. W Meets at the Woolworth Building, 15 Barclay St. V Online course. H Consult an advisor before registering. TO REGISTER: (212) 998-7150 FOR MORE INFORMATION: (212) 998-7200 6
SCPS.NYU.EDU/FINANCE Fundamentals of Individual Investing FINA1-CE9855/$395 M Sec. 1: Wed. 12–3 p.m., May 25–July 6 (7 sessions). Stephen P. Wetzel, CFP, president, Prometheus Capital Management. Designed for the novice investor, this course introduces concepts important to managing a portfolio and provides students with the ability to make confident decisions about their personal finances. Topics include understanding a brokerage account, the Dow Jones Industrial Average, the characteristics of stocks and bonds, the basic valuation of stocks, taxes for the investor, and the psychology of investing. 2.0 CEU (24 50-minute hours) Personal Finance Basics: Getting Started FINA1-CE9417/$395 M Sec. 1: Tues. 12–2.35 p.m., June 7–July 12 (6 sessions). Michael Oberstein, chair and clinical assistant professor, NYU-SCPS noncredit finance programs. Comprehend the many instruments used in a financial plan and make sense of underlying assets and the potential uses of benefits. Topics include time value of money, career planning, money management, savings accounts, CDs, money markets, T-bills, stocks, bonds, mutual funds, emergency funds, and credit. Learn the types of financial institutions and products available; understand the financial considerations of changing careers; and develop strategies for making better decisions when buying a house or a car, or when making other large purchases. Study home and life insurance policies and factor important considerations into health and long-term care insurance purchases. 1.5 CEU (19 50-minute hours) Wondering what to take scpsinfo@nyu.edu (212) 998-7200 M Meets at NYU Midtown Center, 11 W. 42nd St. N Meets at Norman Thomas Center, 111 E. 33rd St. W Meets at the Woolworth Building, 15 Barclay St. V Online course. Personal Finance: Developing Your Financial Plan FINA1-CE9850/$395 N Sec. 1: Wed. 6.30–8.30 p.m., May 18– Aug. 10 (12 sessions). David L. Hoyer, CFP, registered investment advisor, Hoyer Financial Services. Cover essentials of personal finance and learn to align sound financial goals with values and lifelong plans. Learn to improve cash flow and how to save and invest while reducing risk. Gain a better understanding of the importance of credit history and ways to improve it while reducing the possibility of identity theft. Map out a retirement plan and learn essential estate planning and tax considerations. 1.5 CEU (19 50-minute hours) Strategic Alliances FINA1-CE9187/$750 N Sec. 1: Tues. 6.30–8.30 p.m., May 24– July 26 (10 sessions). Patrick McGuinness Strategic alliances such as joint ventures, virtual and internet alliances, group alliances, and other relationships are critical initiatives for large and small businesses. Students acquire the information and skills necessary to enhance their careers by intelligently handling strategic alliance issues. Topics include types of alliances, developing the process for managing the relationship, alliance versus acquisition, communicating the alliance, and identifying beneficial partners. Guest speakers share their expertise in international alliances and joint ventures. 2.0 CEU (24 50-minute hours) Wealth Management: How to Be Prepared, Survive, and Thrive FINA1-CE9006/$395 N Sec. 1: Mon. 6.30–8.30 p.m., June 13– July 25 (5 sessions). No class June 20. Jose R. da Cruz, CFA, Morgan Stanley Smith Barney. Wealth management is not just for individuals with a high—or ultra-high—net worth. Given the disappearance of traditional guaranteed pension plans, lack of job security, and increased volatility in the capital markets, individuals have to take charge of managing their own finances in order to reach their goals. Develop a framework that can be implemented immediately to establish personal financial goals, devise appropriate investment strategies, and monitor performance. FINANCIAL RISK MANAGEMENT AND DERIVATIVE INSTRUMENTS The ongoing turmoil in the markets continues to amplify the need for improved risk management, and corporations are investing in developing improvements in their identification, measurement, and management procedures. The need for financial risk managers also grows with new compliance and regulation standards. These courses teach the strategies and principles of financial risk management, techniques to qualify and measure risk, technical and fundamental analysis, structure of derivatives markets, and pricing and valuation methods for derivatives instruments. The Certificate in Financial Risk Management is regularly updated to respond to today’s changing economic landscape. Fundamentals of Financial Risk Management FINA1-CE9208/$805 W Sec. 1: Tues. 6.30–9 p.m., May 24–July 12 (8 sessions). John McCormack, valuation and enterprise risk management consultant. N Sec. 2: Wed. 6–10 p.m., June 1–29 (5 sessions). Get an overview of financial risk management and its importance in today’s global marketplace. Examine why understanding, measuring, and managing risk are critical considerations in the financial services industry. Learn the most current methods and tools used by risk management professionals. Topics include market and investment risk, value at risk (VaR), time value of money, probability theory and statistics, fixed income, and Monte Carlo simulations. Prerequisites: Introduction to the Markets/ FINA1-CE9000 and Fundamentals of Portfolio Management/FINA1-CE9001 or equivalent knowledge. 2.0 CEU (24 50-minute hours) Core Concepts in Asset Securitization FINA1-CE9162/$750 N Sec. 1: Thurs. 6.30–8.30 p.m., June 9– July 28 (8 sessions). Norman Chaleff, senior vice president–risk management, Sterne, Agee & Leach. Examine the core principles of securitization in this in-depth review of common structured finance asset classes. Learn how securitization differs from other funding methods—such as asset-based commercial lending—and develop the conceptual understanding needed for more advanced study. Case studies cover three basic consumer asset classes: credit cards, auto loans, and residential mortgages. This course is designed for those new to the field. Students are required to work with structured finance documentation. Prior exposure to fixed income markets is helpful but not required. 1.5 CEU (19 50-minute hours) Related Program NYU-SCPS offers a Graduate Certificate in Enterprise Risk Management within the M.S. in Management and Systems program. Interest Rate Swaps FINA1-CE9240/$750 M Sec. 1: Sat. 10 a.m.–3 p.m., June 4–25 (4 sessions). Ilene Froom, executive director and assistant general counsel, JPMorgan Chase Bank, N.A. Examine interest rate swaps and their importance in today’s capital markets. Discuss swaps within the following contexts: why firms use them, types of swaps, advantages and inherent risks, pricing strategies, present and future values applications, regulation of participants in the market, balance sheet effects, and financial disclosure. Other topics include swaptions, captions, step-up coupon caps, delayed caps, and the impact of inflation. Prerequisite: Finance Math/Statistics: A Skill Enhancement and Review Course/FINA1-CE9151 or knowledge of basic mathematics. 2.0 CEU (24 50-minute hours) Credit Risk Models: Theory and Applications FINA1-CE9214/$750 N Sec. 1: Mon. 7–9.15 p.m., June 6–Aug. 8 (9 sessions). Examine techniques to manage, measure, and control credit risks inherent in loans, bonds, and derivative products. Review mathematical models and methodologies widely used in the financial industry to quantify credit risks for stand-alone securities as well as security portfolios. Understand regulatory perspectives on best practices for managing and monitoring credit risks. Analyze the impact of the Basel II accord on the management, measurement, and control of credit risks. Prerequisite: Finance Math/Statistics: A Skill Enhancement and Review Course/FINA1-CE9151 or familiarity with derivatives, financial markets, and the use of spreadsheets. 2.0 CEU (24 50-minute sessions) Intermediate Financial Risk Management FINA1-CE9201/$750 N Sec. 1: Wed. 6–10 p.m., July 6–27 (4 sessions). Alan Anderson, FRM Build on basic knowledge of risk management tools and techniques to explore more complex issues in financial risk management, including credit risk, derivatives, hedging techniques, hedge funds, and enterprise-level risk measurement and management. Prerequisite: Fundamentals of Financial Risk Management/FINA1-CE9208 or equivalent knowledge. 7 WEB: SCPS.NYU.EDU E-MAIL: SCPSINFO@NYU.EDU
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