How to successfully prepare for your CFP Examination

The Certified Financial Planner examination is undertaken for people aiming to become finance professions and investors. This examination will ensure that a student is professionally competent for these designations while also ensuring an increase in business. So if you wish to pursue a career in stock broking, insurance agency, to become a tax professional, a loan officer, a banker, etc. this examination should be on your priority list.

There are certain things to keep in mind while preparing for these certified financial planner examinations.

They are:

• Preparation techniques

Well if you have passed our school and college by simply taking tests in order to display one's retention skills, and then think again. This examination demands much more than retention of the material studied, it requires you to merge your syllabus and your reasoning skills in planning department of finance. So memorizing the syllabus only is not an option for those who wish to score in this examination.

• Special kind of reasoning

The CPF board has special methods for its reasoning questions and one may find difficulty in deciphering their methods and how they came to a conclusion for a particular question. Hence you need to solve the previous years' question papers in order to broaden your horizons and pass the examination.

• Minimum passing marks

You do not receive a percentage such as a 50% or a 60% for the examination undertaken. You only receive a ‘pass’ or ‘fail’ response for the test/examination.

• Do not leave out any question

You should ensure that you attempt every question since there is no negative marking. Even if it means that you guess a few answers that you aren't sure of, but it is highly advised that you should attempt every question.

• Ensure you provide more weightage to studying tax

According to most, the tax section is the most difficult to learn, memorize and apply. Hence you need to spend more time on that subject.

• Try enrolling into a class for courses related to the examination

These courses are ways and means to ensure you avail help in order to avail and assimilate all possible information about the course work through the help of an instructor.