Learning Module 5 Risk Management for Individuals

CFA Level III
#1

page 371:
In this reading, we classify accrued defined benefits and government pension benefits as components of financial capital.

page 380 exhibit 2: Economic (Holistic) Balance Sheet
Financial capital €4,020,000
Human capital €1,400,000
Pension value €500,000
Total Assets €5,920,000

is this another error CFAI never bothers to correct?

#2

The vested portion is financial capital; the unvested portion is human capital.

#3

understood, thank you

#4

My pleasure.