fin2ifp intro financial planning

INTRODUCTION TO FINANCIAL PLANNING

FIN2IFP

2015

Credit points: 15

Subject outline

In this subject, students are introduced to the knowledge, competencies and skills required of a financial planner to prepare, present and monitor a basic financial plan for individual clients. Students 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. Students will then learn to develop a range of strategies to help assist clients achieve their 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-ordinatorMarc Olynyk

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

Learning resources

Readings

Resource Type	Title	Resource Requirement	Author and Year	Publisher
Readings	Financial Planning, 2nd ed.	Prescribed	McKeown, Kerry and Olynyk	WILEY, 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)

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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Melbourne, 2015, Semester 1, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorMarc Olynyk

Class requirements

LectureWeek: 10 - 22
One 2.0 hours lecture other recurrence on weekdays during the day from week 10 to week 22 and delivered via face-to-face.

TutorialWeek: 10 - 22
One 1.0 hours tutorial other recurrence on weekdays during the day from week 10 to week 22 and delivered via face-to-face.

Assessments

Assessment element	Comments	%	ILO*
one 1500-word analytical case study		20	01, 03, 04, 05
one 3-hour final examination	Hurdle Requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject.	70	01, 02, 03, 04
tutorial participation and discussion		10	01, 02, 03, 04, 05

Sydney, 2015, ACN Semester 1, Day