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UC Irvine Launches Free Online Financial Planning Course.


Tuition-Free Resource to Provide Financial Planning Financial planning

Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against
 Information to the Public

IRVINE Irvine, town, Scotland
Irvine (ûr`vĭn), town (1991 pop. 32,507), North Ayrshire, SW Scotland, on the Irvine River estuary. Industries include iron and brass foundries. Other products are chemicals, electric goods, and clothing.
, Calif. -- University of California The University of California has a combined student body of more than 191,000 students, over 1,340,000 living alumni, and a combined systemwide and campus endowment of just over $7.3 billion (8th largest in the United States). , Irvine is proud to announce the achievement of another milestone in the advancement of the Open Educational Resources Open educational resources (OER) are an Internet empowered worldwide community effort to create an education commons.

The term "open educational resources" was first adopted at UNESCO's 2002 Forum on the Impact of Open Courseware for Higher Education in Developing Countries
 (OER OER Office of Extramural Research (US NIH)
OER Open Educational Resources
OER Officer Evaluation Report
OER Optimized Edge Routing
OER Office of Energy Research
OER Owners' Equivalent Rent
OER Operating Expense Ratio
) movement announcing the offering of a new course, "The Fundamentals of Personal Financial Planning," designed to provide comprehensive online financial planning information to self learners and students worldwide. Made possible by a generous grant from the Certified Financial Planner Certified Financial Planner (CFP)

A person who has passed examinations accredited by the Certified Financial Planner Board of Standards, showing that the person is able to manage a client's banking, estate, insurance, investment, and tax affairs.
 Board of Standards, Inc. (CFP 1. CFP - Constraint Functional Programming.
2. CFP - Communicating Functional Processes.
3. CFP - Call For Papers (for a conference).
 Board), this free online course incorporates the UC Irvine Distance Learning Center's proprietary instructional design Instructional design is the practice of arranging media (communication technology) and content to help learners and teachers transfer knowledge most effectively. The process consists broadly of determining the current state of learner understanding, defining the end goal of  format, and will be made available at no cost to the public, worldwide, at www.ocw.uci.edu.

"UC Irvine is honored hon·or  
n.
1. High respect, as that shown for special merit; esteem: the honor shown to a Nobel laureate.

2.
a. Good name; reputation.

b.
 to be a part of the growing OpenCourseWare (OCW) movement, which aims to provide high-quality teaching and learning resources for the express purpose of increasing educational achievement and sustaining social and economic development," said Gary W. Matkin, Ph.D., Dean of Continuing Education continuing education: see adult education.
continuing education
 or adult education

Any form of learning provided for adults. In the U.S. the University of Wisconsin was the first academic institution to offer such programs (1904).
 at UC Irvine and head of UC Irvine's OCW initiative. "As part of our mission as a public university, it is important for our institution to provide educational pathways which cater to the needs of learners. The development of 'Fundamentals of Personal Financial Planning' demonstrates UC Irvine's ongoing commitment to the goals of the OCW Consortium, and provides a comprehensive university-level overview of the 'nuts and bolts' of financial planning that is free and available to interested parties across the globe."

Whether consumers intend to do their own financial planning or just need basic information before meeting with a professional, this program provides a greater understanding of financial options. The robust curriculum was developed by Don Debok, CFP([R]), B.S., M. of O.E., assistant planner at Newport Planning Corporation and UC Irvine Extension course instructor, and is structured into eight modules which address the following topics: determining goals, creating a net worth statement, creating a cash flow statement, taxation, property and casualty insurance; life and disability insurance; long-term care long-term care (LTC),
n the provision of medical, social, and personal care services on a recurring or continuing basis to persons with chronic physical or mental disorders.
 insurance, investment basics, retirement funding, funding college education, and estate planning Estate Planning

The overall planning of a person's wealth, including the preparation of a will and the planning of taxes after the individual's death.

Notes:
Contrary to popular belief, estate planning involves much more than preparing a will, and it is not only for the
.

UC Irvine is the first to offer an educational financial planning resource of this caliber, free to the public. The course not only includes worksheets and links to financial planning resources, but offers a complete online educational experience containing a thorough explanation of financial planning.

The CFP grant has allowed UC Irvine to refine the existing curriculum in its UC Irvine Extension Personal Financial Planning Certificate Program, which is approved by the CFP Board, to suit the informational needs of the general public.

About CFP Board of Standards: Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks A certification mark on a commercial product indicates five things:
  • The existence of a legal follow-up or product certification agreement between the manufacturer
 CFP[R], CERTIFIED FINANCIAL PLANNER[TM], and the federally registered CFP (with flame design) in the U.S., which it awards to individuals who successfully complete initial and ongoing certification requirements. The mission of CFP Board is to help people benefit from competent, professional and ethical financial planning. For more about CFP Board, visit www.CFP.net.

About UC Irvine's OpenCourseWare Initiative: UC Irvine is the first University of California campus -- as well as the only West Coast University -- to join the OCW Consortium. UC Irvine's membership in the OCW Consortium is consistent with its public and land-grant missions and its desire to play a significant role in contributing to the social welfare of the state, the nation and the world. Open Educational Resources (OER) showcase the University's high quality education and makes courses and course materials free for everyone in the world. UC Irvine's OCW is a large-scale, Web-based resource that houses educational assets that are discoverable, searchable, modifiable, and, best of all, free and easily available. Through the OCW Movement, UC Irvine provides university-quality courses and learning assets to populations of self learners that are underserved and in many cases, unable to participate in formal education at a university. This site also offers access to UC Irvine's online continuing education offerings. For more information about UC Irvine's OCW initiative, visit www.ocw.uci.edu or email ocw@unx.uci.edu.

About the University of California, Irvine: The University of California, Irvine is a top-ranked university dedicated to research, scholarship and community service. Founded in 1965, UCI is among the fastest-growing University of California campuses, with more than 24,000 undergraduate and graduate students and about 1,400 faculty members. The second-largest employer in dynamic Orange County, UCI contributes an annual economic impact of $3.3 billion. For more UCI news, visit www.today.uci.edu.
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Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Mar 27, 2007
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