Financial Plans and Risk Management (11327.2)
| Available teaching periods | Delivery mode | Location |
|---|---|---|
| View teaching periods | On-Campus Flexible |
Bruce, Canberra |
| EFTSL | Credit points | Faculty |
| 0.125 | 3 | Faculty Of Business, Government & Law |
| Discipline | Study level | HECS Bands |
| Canberra Business School | Level 3 - Undergraduate Advanced 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. Identify specific legal requirements governing the provision of financial advice in Australia and appropriately apply them in the preparation of Statements of Advice;
2. Construct effective financial plans for clients;
3. Demonstrate effective communication, professional skills, and knowledge required to manage client-advisor relationships;
4. Analyse a client's situation to identify client's goals and suitable products;
5. Set up and evaluate simulated financial strategies, including life, health and general insurance and risk management strategies, and products; and
6. Synthesise relevant information to prepare and present a best practice Statements of Advice.
Graduate attributes
1. UC graduates are professional - communicate effectively1. 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
1. UC graduates are professional - employ up-to-date and relevant knowledge and skills
2. UC graduates are global citizens - behave ethically and sustainably in their professional and personal lives
Skills development
Graduate Attributes are listed as ''generic'' in the timetable of activities
Prerequisites
11229 Superannuation, Retirement and Estate PlanningCorequisites
None.Incompatible units
None.Equivalent units
9986 Financial Plans and Risk ManagementAssumed knowledge
None.| Year | Location | Teaching period | Teaching start date | Delivery mode | Unit convener |
|---|---|---|---|---|---|
| 2024 | Bruce, Canberra | Semester 2 | 29 July 2024 | On-Campus | Prof Milind Sathye |
| 2024 | Bruce, Canberra | Semester 2 | 29 July 2024 | Flexible | Prof Milind Sathye |
Required texts
Lists of required texts/readings
Taylor, S. (2020) Financial Planning in Australia, 9th ed, LexisNexis Butterworths, Chatswood, NSW. ISBN: 9780409351422
Teale, J. (2020) Insurance and Risk Management, A definitive Australian Guide, 4th Edition ISBN: 9780646812816
CCH (2022) Australian Master Financial Planning Guide, Wolters Kluwer, CCH,25th edition, ISBN 9781922347862
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, National Accountant, Financial Planning.
Each of these is available in the UC library or online in electronic format.
There is also a range of excellent textbooks on the unit in the University library including the following:
Day, J.K, Banister. P., Davies, B., Campbell, J., Fitton, G.D., Flack, G., Graham, S.,
Hayes, T., Jones, S., Kiddell, R., & S. Prestney (2009) Australian Financial Planning Handbook,
Thomson Reuters (Professional) Australia Ltd, Kew, VIC
Leow, J., & S. Murphy (2009) Australian Master Superannuation Guide 12th ed, CCH, Australia Ltd, North Ryde, NSW
Murray, D. et al (2014), Financial Systems Inquiry - Final Report, Commonwealth of Australia, Canberra.
Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, discussion papers, submissions and transcripts are available at: http://financialservices.royalcommission.gov.au.
Vaughan, EJ and Vaughan TM (2014) Fundamentals of Risk and Insurance, 11th ed., Wiley, Hoboken, NJ
- The copies of this text in the Library are of earlier editions by the first-named author only.
Useful websites:
The websites of the following organizations may be useful during your study of this unit:
Australian Securities & Investment Commission, Australian Taxation Office
CPA Australia, Financial Planning Association, Chartered Accountants of Australia and New Zealand, Investment & Financial Services Association.
For Unit readings and resources in the University of Canberra Library
Link to search page for Unit Readings (print materials)
Link to search page for eReserve (electronic materials)
Submission of assessment items
Special assessment requirements
You will obtain a pass or better in this unit if you submit each assessment item, and obtain a final cumulative mark of at least 50 percent.
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
None
Required IT skills
Basic Word and Excel skills
Work placement, internships or practicums
None
