Introduction to Personal Financial Planning (11228.2)
| Available teaching periods | Delivery mode | Location |
|---|---|---|
| View teaching periods | Online On-Campus |
Bruce, Canberra |
| EFTSL | Credit points | Faculty |
| 0.125 | 3 | Faculty Of Business, Government & Law |
| Discipline | Study level | HECS Bands |
| Canberra Business School | Level 2 - Undergraduate Intermediate Unit | Band 4 2021 (Commenced After 1 Jan 2021) Band 4 2021 (Commenced After 1 Jan Social Work_Exclude 0905) Band 5 2021 (Commenced Before 1 Jan 2021) |
Learning outcomes
After successful completion of this unit, students will be able to:1. Discuss the importance of personal financial planning and the financial advisors role within the financial planning process;
2. Identify the need for client and product research in personal financial planning;
3. Explain the role of superannuation, investments and taxation in wealth creation and preservation;
4. Distinguish insurance products and describe their use to manage risk and illustrate the use of margin lending, derivatives and foreign exchange; and
5. Appraise the client's financial situation and recommend suitable strategies to accumulate, preserve and distribute wealth.
Graduate attributes
1. UC graduates are professional - employ up-to-date and relevant knowledge and skills1. UC graduates are professional - communicate effectively
1. UC graduates are professional - use creativity, critical thinking, analysis and research skills to solve theoretical and real-world problems
1. UC graduates are professional - work collaboratively as part of a team, negotiate, and resolve conflict
1. UC graduates are professional - display initiative and drive, and use their organisation skills to plan and manage their workload
1. UC graduates are professional - take pride in their professional and personal integrity
2. UC graduates are global citizens - think globally about issues in their profession
2. UC graduates are global citizens - adopt an informed and balanced approach across professional and international boundaries
2. UC graduates are global citizens - understand issues in their profession from the perspective of other cultures
2. UC graduates are global citizens - communicate effectively in diverse cultural and social settings
2. UC graduates are global citizens - make creative use of technology in their learning and professional lives
2. UC graduates are global citizens - behave ethically and sustainably in their professional and personal lives
3. UC graduates are lifelong learners - reflect on their own practice, updating and adapting their knowledge and skills for continual professional and academic development
3. UC graduates are lifelong learners - be self-aware
3. UC graduates are lifelong learners - adapt to complexity, ambiguity and change by being flexible and keen to engage with new ideas
3. UC graduates are lifelong learners - evaluate and adopt new technology
Prerequisites
None.Corequisites
None.Incompatible units
None.Equivalent units
9987 Introduction to Personal Financial PlanningAssumed knowledge
None.| Year | Location | Teaching period | Teaching start date | Delivery mode | Unit convener |
|---|---|---|---|---|---|
| 2023 | Bruce, Canberra | Semester 2 | 31 July 2023 | Online | Dr Bomikazi Zeka |
| 2024 | Bruce, Canberra | Semester 2 | 29 July 2024 | On-Campus | Dr Bomikazi Zeka |
Required texts
McKeown, W., Olynyk, M., Kerry, M., Ciancio, L. and La, D. (2021). Financial Planning, Essentials Edition. Wiley. ISBN: 9780730385738.
Here are the links to where students can purchase the prescribed text directly from the publisher:
Print: https://www.wileydirect.com.au/buy/financial-planning-essentials/
E-book: https://www.wileydirect.com.au/buy/financial-planning-essentials/ and https://wileybn.ipublishcentral.net/home
Recommended readings:
From time to time you may find it useful to consult newspapers and journals such as:
- The Australian
- Accounting & Finance
- Australian Financial Review
- Business Review Weekly
- Journal of Corporate Accounting &Finance
- Journal of Banking & Finance
- Global Finance Journal
- CA Magazine
- The Australian Journal of Financial Planning
- Financial Standard
- The Journal of Investment Strategy
- Sydney Morning Herald
Each of these is available in UC library or online in electronic format.
There is also a range of other textbooks on the unit in the University library including the following:
Taylor, S. (2021). Financial Planning In Australia: Advice and Wealth Management, 10th ed, LexisNexis Butterworths, Chatswood, NSW ISBN: 9780409354652
Day, J.K, Banister. P., Davies, B., Campbell, J., Fitton, G.D., Flack, G., Graham, S., Hayes, T., Jones, S., Kiddell, R., Prestney, S., Fenton, N., Howards, S. & T. Pepper (2018-19) Australian Financial Planning Handbook, Thomson Reuters (Professional) Australia Ltd, Kew, VIC, ISBN : 9780864698506
Shirlow, D., (ed) (2019) Australian Master Financial Planning Guide 2020/2021, 23rd ed, CCH Australia Ltd, North Ryde, NSW, ISBN: 9781922347381 (Book)/ ISBN: 9781922347398 (eBook)
Useful websites:
The following websites may be useful during your study of this unit:
Financial Advice Association Australia: https://faaa.au/
Australian Securities & Investments Commission: https://asic.gov.au/
Australian Taxation Office: http://www.ato.gov.au/
Submission of assessment items
Special assessment requirements
Students who complete all assessment items and earn at least 50% of the marks overall will pass this unit.
Academic integrity
Students have a responsibility to uphold University standards on ethical scholarship. Good scholarship involves building on the work of others and use of others' work must be acknowledged with proper attribution made. Cheating, plagiarism, and falsification of data are dishonest practices that contravene academic values. Refer to the University's Student Charter for more information.
To enhance understanding of academic integrity, all students are expected to complete the Academic Integrity Module (AIM) at least once during their course of study. You can access this module within UCLearn (Canvas) through the 'Academic Integrity and Avoiding Plagiarism' link in the Study Help site.
Use of Text-Matching Software
The University of Canberra uses text-matching software to help students and staff reduce plagiarism and improve understanding of academic integrity. The software matches submitted text in student assignments against material from various sources: the internet, published books and journals, and previously submitted student texts.
Participation requirements
It is recommended that students attend all lectures and tutorials. However there is no mark for attendance.
Attendance is not compulsory, but the unit has been designed on to engage students on weekly basis so students who do not attend regular classes will be disadvantaged in terms of learning and feedback.
Required IT skills
You are assumed to have adequate skills in the use of calculator, computer, word-processing, spreadsheet modelling and internet browsing. You are also assumed to be familiar with LearnOnline. If you feel you do not have adequate skills, please discuss the matter with the unit convener.
Work placement, internships or practicums
The university has an arrangement with several financial planning firms in Canberra for WIL. If you are interested please contact the unit leader as soon as possible.
However there are no WIL requirements as such in this unit.
