INTRODUCTION TO FINANCIAL PLANNING
FIN2IFP
2017
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.
School: La Trobe Business School
Credit points: 15
Subject Co-ordinator: Darren Henry
Available to Study Abroad Students: No
Subject year level: Year Level 2 - UG
Exchange Students: No
Subject particulars
Subject rules
Prerequisites: BUS1AFB or ACC1AMD or FIN1FOF
Co-requisites: N/A
Incompatible subjects: N/A
Equivalent subjects: FIN3FPL, FIN2FPL
Special conditions: N/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)
- 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)
Melbourne, 2017, Semester 1, Day
Overview
Online enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Darren Henry
Class requirements
LectureWeek: 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.
TutorialWeek: 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 element | Comments | % | ILO* |
|---|---|---|---|
| One individual 1000-word analytical case study | Summative assessment task. | 20 | 03, 04, 05 |
| One 3-hour final examination, equivalent to 3,000 words per student | Summative assessment task. Hurdle Requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject. This assessment will report on the Graduate Capability of Discipline Specific knowledge and skills. | 70 | 01, 02, 03, 04 |
| Tutorial participation and discussion, equivalent to 500 words over the semester | Formative and summative assessment task. | 10 | 02, 03, 04 |