Program Overview

Unit of Study FINC2005 - Principles of Financial Planning

Unit Snapshot

• Unit type: UG Coursework Unit
• Credit points: 12
• Faculty/College: Faculty of Business, Law and Arts
• Placement: No
• Enrolment information: N/A

Unit Description

Introduces students to key financial planning concepts and issues. Students will develop professional skills by engaging in teacher-directed activities and experiences relevant to responsible financial planning and the construction and presentation of a basic financial plan.

Unit Content

• Module 1: Financial Planning Introduction, Functions and Processes
• Module 2: Financial Planning Frameworks
• Module 3: The Regulatory and Legal Framework
• Module 4: Ethics and Professional Conduct
• Module 5: The Statement of Advice and Financial Plan Development
• Module 6: Financial Plan Implementation and Review

Availabilities

Learning Outcomes

Unit Learning Outcomes express learning achievement in terms of what a student should know, understand and be able to do on completion of a unit. These outcomes are aligned with the graduate attributes.

On completion of this unit, students should be able to:

1. Describe and critically appraise the role (including advisory functions/processes/scopes) of a financial adviser
2. Outline and explain the regulatory framework which financial advisers operate within and their legal, social, and ethical responsibilities
3. Explain the best interests duty and its role in the financial adviser-client relationship, and apply effective communication strategies to deliver compliant and client-focused advice
4. Construct and present a basic financial plan.

Prescribed Learning Resources

Term 1

Prescribed Texts

• McKeown, W, Olynyk, M, Ciancio, L and La, D, 2020, Financial Planning Essentials , 3rd edn, John Wiley & Sons, Milton, QLD.

Prescribed Resources/Equipment

• No prescribed resources/equipment. Prescribed Learning Resources may change in future Teaching Periods.