Abstract
This subject introduces the concepts involved in personal financial planning, giving particular attention to the various processes and principles which are involved. It provides an overview of the laws and regulations relating to the financial planning industry, the forms of government assistance to individuals, the choice of investments available, and … For more content click the Read More button below.
Syllabus
the financial planning profession;the financial planning process and the SOA;successful financial planning;budgeting and credit management;investing in shares and bonds;managed funds;investment risk;insurance;taxation issues;superannuation;social security; andestate planning.
Learning outcomes
Upon successful completion of this subject, students should:
1.
be able to explain the structure and regulation of the financial planning industry;
2.
be able to categorise stakeholders in the financial planning industry;
3.
be able to analyse various approaches to the financial planning process;
4.
be able to use effective communication skills and financial planning principles to establish client goals and risk profiles, which will then form the basis of the financial plan;
5.
be able to compare sources of consumer credit and apply investment strategies for wealth accumulation;
6.
be able to apply risk management and taxation strategies for wealth protection; and
7.
be able to discuss legal, social security, and retirement-related rules associated with financial planning.
Assumed knowledge
FIN211 or FIN210
Enrolment restrictions
Available to undergraduate students only.