A finished ACC-663 Topic 2 client discovery record example: a document inventory, goals recorded in the clients' own words, a gaps list, and the contradictions between stated priorities and recorded spending. Searches like "acc 663 topic 2 assignment example", "acc663 topic 2 sample" and "acc-663 topic 2 example" land here.
What a finished ACC-663 Topic 2 client discovery record looks like
The finished record belongs to a composite couple in their forties with one salary of an illustrative $118,000, two children and a paid-off car. Its first sheet is an inventory of what was received: two years of returns, pay stubs, the workplace retirement statement, a term life policy, the mortgage statement and a will signed before the second child was born. A second sheet records goals exactly as spoken, among them 'retire before sixty' and 'never go through what my parents did', and turns each into a question with a date and a dollar figure still to be confirmed. A third lists gaps: no disability cover, no beneficiary form on the retirement account seen, no budget. The last sheet notes one contradiction the adviser raised aloud, early retirement against a spending rate that leaves no surplus.
How an ACC-663 Topic 2 example is structured
The record follows the order of the two meetings rather than the order of a plan. It opens with the engagement reference and the date of each meeting, so later advice can be traced to what was known when. The document inventory comes next, marking each item received, requested or not applicable. Goals follow in a two-column layout, the clients' wording on the left and the adviser's restatement on the right, with any figure the clients did not supply marked as open instead of estimated. A values section records answers to questions about risk and money history, including how each spouse reacted to the last market fall. The gaps list and the contradictions note come after, each item tied to the question that exposed it. A final paragraph names what must be received before analysis starts and who will send it.
Goals kept in the clients' words
Each goal appears first as the clients phrased it, so the adviser's later restatement can be checked against what was actually said in the meeting.
Open figures marked, not guessed
Where the couple could not say what retirement income they want, the record leaves the figure open and schedules the question, instead of inserting a rule-of-thumb replacement ratio.
Risk history asked of both spouses
Each spouse is asked separately what they did during the last market decline, since stated tolerance and past behavior often diverge and the plan must fit the behavior.
Gaps traced to the question asked
The missing disability cover and the outdated will each sit beside the question that revealed them, which shows the gathering was deliberate rather than a form filled in.
One contradiction raised with the clients
Early retirement and a zero monthly surplus cannot both hold, and the record notes that the adviser said so in the meeting instead of resolving it privately.
Where marks go in ACC-663 Topic 2
Most lost credit on this record traces to a questionnaire that collects numbers and never asks what the numbers are for. A discovery record listing account balances with no goals gives a marker no way to see whether the questions reached what the household wants. Filling open figures with rules of thumb, such as a standard income replacement percentage, presents an assumption as if the clients had supplied it. Records that interview one spouse and apply the answers to both are marked down, since two people rarely hold identical priorities or the same reaction to a loss. Gaps noticed but never tied to a follow-up request leave the analysis to start on incomplete data. The quietest error is tidying away a contradiction, which spares an awkward moment and builds the plan on a goal the income cannot fund.
Get an ACC-663 Topic 2 example written to your instructions
Send the ACC-663 Topic 2 instructions, the rubric posted in your classroom and the client case or interview notes your section supplies. We write a custom example to them, with documents inventoried, goals kept in the clients' words, open figures marked and contradictions recorded, back in 24 to 48 hours. The first is free.
ACC-663 Topic 2 questions, answered
Why record goals in the clients' own words?
Because the adviser's paraphrase can quietly change what a goal means. 'Never go through what my parents did' might be about debt, about illness or about a parent who worked until seventy, and only a follow-up question finds out which. Keeping the original wording beside the restatement lets the clients, and a reviewer, confirm that the plan answers the goal they actually expressed.
Does the CPA verify the documents the clients provide?
Not in an advisory engagement of this kind, and the engagement letter says so. The adviser reads the documents, questions anything inconsistent and asks for what is missing, but does not audit them. A discovery record that notes where figures came from, a statement or the clients' estimate, lets the later recommendation show which conclusions rest on documents and which on recollection.
Can this record be used for a real household?
Not as advice. Both clients are invented, and the income and documents were chosen so the example can show what a complete discovery record contains. A real engagement depends on facts, documents and conversations the example cannot reproduce. The sample supports ACC-663 coursework; anyone deciding about their own money should engage an adviser who has seen their actual records.