Program Overview

FIN560 Financial Planning

This subject introduces the concepts involved in personal financial planning, placing 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 the role of insurance and superannuation. The subject will introduce students to the tasks associated with the development of financial plans and develop their ability to construct financial plans through the study materials, case studies and practical workshops.

Availability

The subject is available in the following sessions:

• Session 1 (30)
  • Online
  • Bathurst Campus
• Session 3 (90)
  • Online
  • Bathurst Campus

Subject Information

Grading System

HD/FL

Duration

One session

School

School of Accounting and Finance

Enrolment Restrictions

Postgraduate Courses in the Faculty of Business, Justice and Behavioural Science.

Learning Outcomes

Upon successful completion of this subject, students should:

• be able to reflect critically on the structure, regulation and participants in the financial planning industry;
• be able to analyse and evaluate various approaches to the financial planning process;
• be able to use effective communication skills and financial planning principles to establish client goals and risk profile and develop a strategic statement that will form the basis of the financial plan;
• be able to evaluate sources of consumer credit and apply investment strategies for wealth accumulation;
• be able to apply risk management and taxation strategies for wealth protection;
• be able to demonstrate an understanding of legal, social security, and retirement-related rules associated with financial planning;
• be able to create, present, and interpret a professional-quality Statement of Advice that includes documentation of the decision process and a detailed action plan.

Syllabus

This subject will cover the following topics:

• the financial planning profession;
• the financial planning process and the Statement of Advice;
• communication with clients;
• successful financial planning;
• budgeting and credit management;
• investing in shares and bonds;
• managed funds;
• investment risk;
• insurance;
• taxation issues;
• superannuation;
• social security;
• estate planning.