Financial Plans & Risk Management (9986.1)
| Available teaching periods | Delivery mode | Location |
|---|---|---|
| View teaching periods | ||
| EFTSL | Credit points | Faculty |
| 0.125 | 3 | Faculty Of Business, Government & Law |
| Discipline | Study level | HECS Bands |
| School Of Information Systems & Accounting | 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
On successful completion 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. Outline financial planning processes and construct effective financial plans for clients;
3. Demonstrate developing effective communication and professional skills and knowledge to managing client-advisor relationship;
4. Analyse client's situation to identify client's goals and products;
5. Construct effective and efficient investment portfolios to meet client's goals;
6. Set up and evaluate relevant financial strategies, including life, health and general insurance and risk management strategies, and products; and
7. 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 - 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
Prerequisites
Superannuation, Retirement and Estate Planning, 9988, or Strategic Financial Planning, 6564.Corequisites
None.Incompatible units
Advanced Financial Planning, 6561.Equivalent units
Advanced Financial Planning, 6561.Assumed knowledge
None.| Year | Location | Teaching period | Teaching start date | Delivery mode | Unit convener |
|---|
Required texts
Lists of required texts/readings
CCH Australia (2017-18) Australian Master Financial Planning Guide 20th edition, 2017-18, CCH Australia Limited, Sydney.
Taylor, S., and R. Juchau (2017) Financial Planning in Australia, 8th ed, LexisNexis Butterworths, Chatswood, NSW. ISBN: 9780409347609.
Teale, J. (2016) Insurance and Risk Management, 3rd ed., CCH Australia. ISBN 978-0-646-95447-9
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 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 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
Extensions & Late submissions
All assessment items will be submitted online via the unit website on Canvas. The first page of each assessment submission should include the following information:
Student ID:
Assessment Name:
Word Count (if applicable):
Special assessment requirements
You will obtain a pass or better in this unit if you submit each assessment item, and achieve a final cumulative mark of at least 50 per cent.
Failure to submit assessment item: If you fail to submit your assessment items by the due dates because of illness, misadventure or unavoidable commitments, please discuss the matter with the unit convener before the due date or as soon as possible thereafter. You will be required to provide appropriate documentary evidence.
Requests for extensions - see above in 5b
Students must apply academic integrity in their learning and research activities at UC. This includes submitting authentic and original work for assessments and properly acknowledging any sources used.
Academic integrity involves the ethical, honest and responsible use, creation and sharing of information. It is critical to the quality of higher education. Our academic integrity values are honesty, trust, fairness, respect, responsibility and courage.
UC students have to complete the Academic Integrity Module annually to learn about academic integrity and to understand the consequences of academic integrity breaches (or academic misconduct).
UC uses various strategies and systems, including detection software, to identify potential breaches of academic integrity. Suspected breaches may be investigated, and action can be taken when misconduct is found to have occurred.
Information is provided in the Academic Integrity Policy, Academic Integrity Procedure, and University of Canberra (Student Conduct) Rules 2023. For further advice, visit Study Skills.
Participation requirements
None
Required IT skills
Use of calculators, computer, web searching skills and familiarity with excel spreadsheet modelling is required.
Work placement, internships or practicums
None
Additional information
The University has arrangements with the National Australia Bank for work-integrated learning. Students interested should contact the Unit Convener immediately as they will also need to enrol in WIL unit as an elective unit.
