| Semester 1, 2023 Online | |
| Units : | 1 |
| School or Department : | School of Business |
| Grading basis : | Graded |
| Course fee schedule : | /current-students/administration/fees/fee-schedules |
Staffing
Course Coordinator:
Overview
Personal financial planning, or the development and implementation of total coordinated plans for the achievement of one's overall financial objectives, is becoming more and more important both to individuals and professionals offering their services. Governments are emphasising self-reliance among individuals, so long-term financial well-being is everyone's responsibility. Individuals will have more comfortable lives if they plan and manage their finances skilfully. From being provided by a multitude of different professionals, advising in the area of personal financial planning has developed into a discrete discipline that requires formal training. Personal financial planning has also become an integral part of the business of financial product providers (for example, banks, insurance companies) and financial service providers (for example, accountants).
In this course, students will be exposed to the personal financial planning environment and process. The environment covers the regulatory framework within which financial advisers operate as well as their responsibilities. The process covers the various components of personal financial planning (for example, taxation, investments, credit, superannuation and retirement, insurance, social security and estate planning). These concepts are integrated through the study of financial plan construction and financial planning practice management. Formerly known as FIN1106.
Course learning outcomes
On successful completion of this course, students should be able to:
- understand the context under which personal financial planning operates and integrate theoretical and technical knowledge of personal financial planning;
- apply theoretical and technical knowledge to critically analyse data to solve rudimentary personal financial planning problems in straightforward contexts;
- exercise judgement, under guidance, to formulate personal financial planning solutions using ethical, social, regulatory and economic perspectives;
- present and justify in writing, financial information and decisions in straightforward contexts;
- reflect on the relationship of personal financial planning with the other courses in the program.
Topics
| Description | Weighting(%) | |
|---|---|---|
| 1. | Overview of personal financial planning | 5.00 |
| 2. | Personal financial planning regulation | 10.00 |
| 3. | Foundational finance concepts | 10.00 |
| 4. | Taxation and tax planning | 10.00 |
| 5. | Household finances | 5.00 |
| 6. | Investment planning | 10.00 |
| 7. | Superannuation and retirement planning | 10.00 |
| 8. | Risk management and insurance | 10.00 |
| 9. | Social security | 5.00 |
| 10. | Estate planning | 5.00 |
| 11. | The steps in personal financial planning | 15.00 |
| 12. | Financial planning practice management | 5.00 |
Text and materials required to be purchased or accessed
Student workload expectations
To do well in this subject, students are expected to commit approximately 10 hours per week including class contact hours, independent study, and all assessment tasks. If you are undertaking additional activities, which may include placements and residential schools, the weekly workload hours may vary.
Assessment details
| Description | Group Assessment |
Weighting (%) | Course learning outcomes |
|---|---|---|---|
| Quiz | No | 30 | 1,2 |
| Case 精东传媒app | No | 20 | 1,2,3,4 |
| Time limited online examinatn | No | 50 | 1,2,3,4,5 |