INTRODUCTION TO FINANCIAL PLANNING

FIN2IFP

2020

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 (Pre 2022)

Credit points: 15

Subject Co-ordinator: Greg Jamieson

Available to Study Abroad/Exchange Students: No

Subject year level: Year Level 2 - UG

Exchange Students: No

Available as Elective: No

Learning Activities: N/A

Capstone subject: No

Subject particulars

Subject rules

Prerequisites: BUS1AFB OR FIN1FOF OR ACC1AMD

Co-requisites: N/A

Incompatible subjects: N/A

Equivalent subjects: FIN2FPL OR FIN3FPL

Quota Management Strategy: N/A

Quota-conditions or rules: N/A

Special conditions: N/A

Minimum credit point requirement: N/A

Assumed knowledge: N/A

Learning resources

Financial Planning

Resource Type: Book

Resource Requirement: Prescribed

Author: McKeown, Kerry and Olynyk

Year: 2014

Edition/Volume: 2nd ed

Publisher: WILEY

ISBN: N/A

Chapter/article title: N/A

Chapter/issue: N/A

URL: N/A

Other description: N/A

Source location: N/A

Career Ready

Career-focused: No

Work-based learning: No

Self sourced or Uni sourced: N/A

Entire subject or partial subject: N/A

Total hours/days required: N/A

Location of WBL activity (region): N/A

WBL addtional requirements: N/A

Graduate capabilities & intended learning outcomes

Graduate Capabilities

COMMUNICATION - Communicating and Influencing

DISCIPLINE KNOWLEDGE AND SKILLS

INQUIRY AND ANALYSIS - Creativity and Innovation

INQUIRY AND ANALYSIS - Critical Thinking and Problem Solving

INQUIRY AND ANALYSIS - Research and Evidence-Based Inquiry

PERSONAL AND PROFESSIONAL - Adaptability and Self-Management

PERSONAL AND PROFESSIONAL - Ethical and Social Responsibility

Intended Learning Outcomes

01. Describe and evaluate the advisory functions of financial planners including; the holistic and relational roles of the financial planner, as distinct from a simple product advisory role; the participants in the advisory services market; and the range of services provided by financial planners.

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

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

04. Research, evaluate and apply a range of introductory financial planning strategies appropriate to the needs and objectives of a client, in an ethical and professional manner.

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

Melbourne (Bundoora), 2020, Semester 1, Day

Overview

Online enrolment: Yes

Maximum enrolment size: N/A

Enrolment information: N/A

Subject Instance Co-ordinator: Greg Jamieson

Class requirements

LectureWeek: 10 - 22
One 2.00 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 1.00 hour tutorial per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.

Assessments

Assessment element	Comments	Category	Contribution	Hurdle	%	ILO*
1000-word Individual Case Study	N/A	N/A	N/A	No	30	SILO3, SILO4, SILO5
3-hour final examination (equivalent to 3000 words)	N/A	N/A	N/A	No	60	SILO1, SILO2, SILO3, SILO4
Two in-class or online tutorial assessment tasks, equivalent to 250 words each (500 words in total)	N/A	N/A	N/A	No	10	SILO1, SILO2, SILO3