INTRODUCTION TO FINANCIAL PLANNING

FIN2IFP

2018

Credit points: 15

Subject outline

In this subject, you will be introduced to the knowledge, competencies and skills required of a financial planner to prepare, present and monitor a basic financial plan for individual clients. You will learn how to gather information on client attitudes and financial circumstances, assess a client's attitude towards risk and undertake a range of techniques to be able to analyse a client's financial situation. You will then learn to develop a range of strategies to help assist clients achieve financial goals and objectives. The principles of financial planning will be illustrated through practical and real life situations. Areas covered within this subject include: taxation, salary packaging, debt management, investments, personal insurance, superannuation and retirement planning and the age pension.

SchoolLa Trobe Business School

Credit points15

Subject Co-ordinatorDarren Henry

Available to Study Abroad StudentsNo

Subject year levelYear Level 2 - UG

Exchange StudentsNo

Subject particulars

Subject rules

Prerequisites BUS1AFB or ACC1AMD or FIN1FOF

Co-requisitesN/A

Incompatible subjectsN/A

Equivalent subjects FIN3FPL, FIN2FPL

Special conditionsN/A

Readings

Resource TypeTitleResource RequirementAuthor and YearPublisher
ReadingsFinancial Planning, 2nd ed.PrescribedMcKeown, Kerry and OlynykWILEY, 2014

Graduate capabilities & intended learning outcomes

01. Develop an understanding of the financial planning discipline and the external environment in which the financial planning industry operates;

Activities:
Lectures and tutorial discussions. Analytical case study that develops student's skills, knowledge and understanding
Related graduate capabilities and elements:
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Personal and Professional Skills (Autonomy and independence,Ethical behaviour)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

02. Develop an understanding of the regulatory framework that financial planning operates within and the roles of the major regulators;

Activities:
Lectures and tutorial discussions
Related graduate capabilities and elements:
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Personal and Professional Skills (Autonomy and independence,Ethical behaviour)

03. Analyse and critically evaluate a basic set of client circumstances in order to identify the needs and goals of a client;

Activities:
Classroom activities and discussion. Analytical case study
Related graduate capabilities and elements:
Literacies and Communication Skills (Writing,Speaking,Quantitative Literacy)
Literacies and Communication Skills (Writing,Speaking,Quantitative Literacy)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Personal and Professional Skills (Autonomy and independence,Ethical behaviour)
Personal and Professional Skills (Autonomy and independence,Ethical behaviour)

04. Examine and apply a range of introductory financial planning strategies appropriate to the needs and objectives of a client

Activities:
Classroom activities and discussion. Analytical case study
Related graduate capabilities and elements:
Literacies and Communication Skills (Writing,Speaking,Quantitative Literacy)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Personal and Professional Skills (Autonomy and independence,Ethical behaviour)
Personal and Professional Skills (Autonomy and independence,Ethical behaviour)

05. Develop preliminary skills in report writing, financial modelling and the presentation of information to clients.

Activities:
Analytical case study. Tutorial problems
Related graduate capabilities and elements:
Literacies and Communication Skills (Writing,Speaking,Quantitative Literacy)
Literacies and Communication Skills (Writing,Speaking,Quantitative Literacy)
Literacies and Communication Skills (Writing,Speaking,Quantitative Literacy)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Personal and Professional Skills (Autonomy and independence,Ethical behaviour)
Personal and Professional Skills (Autonomy and independence,Ethical behaviour)

Subject options

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Start date between: and    Key dates

Melbourne, 2018, Semester 1, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDarren Henry

Class requirements

Lecture Week: 10 - 22
One 2.0 hours lecture per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.

Tutorial Week: 10 - 22
One 1.0 hours tutorial per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
One individual 1000-word analytical case studySummative assessment task.30 03, 04, 05
One 3-hour final examination, equivalent to 3,000 words per studentSummative assessment task. This assessment will report on the Graduate Capability of Discipline Specific knowledge and skills.60 01, 02, 03, 04
Two in-class or online tutorial assessment tasks, equivalent to 250 words each (500 words in total)Summative assessment task.10 01, 02, 03