Online learning or online education depends on a series of software applications for aiding the interaction between the tutor and the student via the internet. it is interesting to note that these software technologies provide the basic infrastructure by means of which it is possible for the online educational institutions to introduce assessments and gradation systems with the help of which it is possible for the e-learning tutors to evaluate their students. Moreover, it also allows the students to interact amongst themselves or with the teacher through online forums, blogs and emails as well. These software applications are supported by certain prescribed formats which they have to adhere to in order to aid the successful functioning of online education. SCORM refers to such a specification which e-learning tools have to conform to in order to aid the cause of online learning. SCORM is an abbreviation and it stands for Sharable Content Object Reference Model. Here it is necessary to introduce one to the concept of ‘run-time environments’ which are a variant of the learning management systems. The run-time environment refers to the cooperation and coordination between the host systems and the content on the client’s side and it is this interaction which is ably supported by the Sharable Content Object Reference Model. SCORM was introduced as a specialized program in the year 2003 and it was initiated by the office of the United States Secretary of Defense. SCORM is a part of the Advanced Distributed Learning initiative and the various programs that are involved in the imparting of education through online learning need to conform to this system.

With rapid globalization and liberalization of the world economy, it is imperative to have an in-depth understanding and knowledge about the financial and banking sectors and their responses to the ceaselessly changing economic trends. Financial Planning education has become the need of the hour because it educates an individual about the various financial options at his disposal and guides him to take well calculated decisions. Moreover financial education is a must to improve the financial capability of any individual who influences the community and the society he lives in with the financial decisions he takes for himself as well as for others. With increasing number of financial institutions and various financial products available today policy makers have realized how important it is to design, assess, and analyze the effectiveness of financial planning education programmes in our country today.

The Indian Institute of Financial Planning is a pioneer in encouraging students, employees, corporates and many other individuals who directly or indirectly deal with finances to pursue a financial curriculum to be better able to take monetary decisions. This institute offers exclusive Indian financial education where an investor can improve his understanding of financial markets, products, concepts and services. The certified financial education course offered at this institute has many career prospects and equips students with the skills and knowledge required to work in the financial or banking service sectors. With the ever rising inflation and evolving lifestyles of common man in India, it is necessary and a prerequisite to be well versed with all the financial concepts so that you can face any number of contingencies with confidence. Financial Planning ensures that you are in a better position to deal with inflation especially to handle retirements when your expenses go up indefinitely and your income is stagnant.