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AFP Exam 2 Writing Strategy

AFP Exam 2

The AFP Exam 2 is designed to assess your ability to analyze, synthesize, and integrate information across financial planning concepts.

The AFP Exam 2 contains 3 to 4 cases, of 3 to 5 constructed-response questions each, and takes 3 hours to complete.

The exam consists of three or four financial planning scenarios, each with three or four related questions (some consisting of multiple parts).

These questions require a constructed response (i.e., a response expressed clearly in written form).

The exam also contains a number of charts and data worksheets such as a cash flow statements that require completion.

Constructed-Response Questions

A constructed-response question (CRQ) is an open-ended, typically short-answer question. As the name suggests, you must construct your own response to the question. Your answer to each CRQ could be a few words or a few sentences, depending on what is being asked.

The CRQs are based on the Competency Profile and have the following characteristics:

  • They can range in difficulty from simple to complex.
  • They are composed with defined and detailed tasks.

CRQ Requires:

  • Compare and contrast.
  • Show cause and effect.
  • Identify issues and concerns.
  • Summarize information.
  • State a reason, or predict future outcomes based on facts presented in a case narrative.

CRQ Approach:

  • Read each CRQ carefully to be sure you understand the question.
  • Provide an answer based on the instructions provided in the question stem (no more and no less).
  • Do not argue multiple angles unnecessarily; your first response may be the only answer scored.
  • Answer all parts of the question.
  • When asked, include specific details in support of your answer.
  • Visualize, organize, and construct your responses.

CRQ Answers Need:

  • Examine the information provided in the case narrative.
  • Highlight, underline, or list the things you are asked to do. Instructions include statements such as “Explain the main idea…” and “Use three examples to illustrate…”.
  • Write your responses clearly and coherently.
  • Be specific.
  • Do not include information that was not required; doing so will not improve your grade.
  • Manage the time you will spend answering questions based on the number of marks allotted for the answers.

Steps to Complete

  • Read the Case Study:
    • Read the scenario to understand the client’s situation and goals.
  • Prepare for the Test:
    • Label topics for quick reference.
    • Make notes to help you remember information.
  • Answer Quickly at First:
    • Answer the easy questions first.
    • Focus on what you know.
  • Take Your Time:
    • Focus first on the high-value questions.
    • Answer the harder questions next.
  • Check for Errors:
    • Check your answers for errors before you submit the test.