Introduction to Personal Financial Planning (9987.1)
| 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 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
On successful completion of this unit, students will be able to:1. Appreciate and discuss the importance of personal financial planning;
2. identify the need for client and product research for personal financial planning;
3. Explain the role of superannuation and taxation in wealth creation;
4. Distinguish insurance products and describe their use to manage risk; and
5. Illustrate the use of margin lending, derivatives and foreign exchange.
Graduate attributes
1. UC graduates are professional - communicate effectively1. 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
2. UC graduates are global citizens - behave ethically and sustainably in their professional and personal lives
2. UC graduates are global citizens - think globally about issues in their profession
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
Prerequisites
Accounting for Managers, 5617.Corequisites
None.Incompatible units
Introduction to Financial Planning, 6563.Equivalent units
Introduction to Financial Planning, 6563.Assumed knowledge
None.| Year | Location | Teaching period | Teaching start date | Delivery mode | Unit convener |
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Required texts
McKeown, W., Kerry, M. and Olynyk, M. (2014), Financial Planning, 2nd Ed. John Wiley & Sons Australia Ltd, 42 McDougall Street, Milton QLD 4064. ISBN: 978-1-118-64483-6
This text can be purchased from the University's Co-op Bookshop.
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., Juchau, R., & B. Houterman (2010) Financial Planning In Australia, 3rd ed, LexisNexis Butterworths, Chatswood, NSW ISBN: 9780409325607
Day, J.K, Banister. P., Davies, B., Campbell, J., Fitton, G.D., Flack, G., Graham, S., Hayes, T., Jones, S., Kiddell, R., & S. Prestney (2008) Australian Financial Planning Handbook, Thomson Reuters (Professional) Australia Ltd, Kew, VIC
Leow, J., & S. Murphy (2008) Australian Master Superannuation Guide 12th ed, CCH Australia Ltd, North Ryde, NSW
Shirlow, D., (ed) (2008) Australian Master Financial Planning Guide 2008/2009, 11th ed, CCH Australia Ltd, North Ryde, NSW
Useful websites:
The following websites may be useful during your study of this unit:
Australian Securities & Investment Commission: http://www.asc.gov.au/asic/asic.nsf
Australian Taxation Office: http://www.ato.gov.au/
CPA Australia: http://www.cpaaustralia.com.au/
Financial Planning Association: http://www.fpa.asn.au/
Institute Of Chartered Accountants Australia: http://www.charteredaccountants.com.au/
Investment & Financial Services Association: http://www.ifsa.com.au/
Submission of assessment items
Extensions & Late submissions
Subject policy on re-submissions, late penalties, absences etc.:
Re-submission is not permitted for any item of assessment. All requests for extension must be in writing and addressed to the unit convenor. Your first point of contact in this regard should be your unit convenor. See 6h for further information regarding late penalties.
Special assessment requirements
In order to pass this unit, student should have to obtained at least 50% marks in examination and
50% overall and submitted/ presented assessment items as required
Supplementary assessment
See the UC Supplementary Assessment Policy
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
Attendance is not compulsory but the unit has been designed on the assumption of face-to-face delivery and learning principles and so students who do not attend regular classes will be disadvantaged in terms of learning and feedback. Students need to participate and perform in the PeerWise to gain up to 10% of the total marks of the unit as detailed in the assessment item 1.
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 the National Australia Bank and other financial planning firms in Canberra for WIL. If you are interested
However there are no WIL requirements as such in this unit.
Additional information
Citations used in assessment items should follow Harvard referencing style. If you are unfamiliar with Harvard referencing please seek the assistance of Library staff.
