University of Technology SydneyHandbook 2008

25415 Personal Financial Planning

Faculty of Business: Finance and Economics
Credit points: 6 cp

Subject level: Undergraduate

Result Type: Grade and marks

Requisite(s): (25300 Fundamentals of Business Finance AND (26134 Business Statistics OR 26133 Business Information Analysis) AND 25115 Economics for Business)
These requisites may not apply to students in certain courses.
There are also course requisites for this subject. See access conditions.

Handbook description

This subject provides an introduction to the theory and practice relevant to the management of personal financial risks. It provides an understanding of the fundamental techniques and analytical tools used in this process and identifies strategies suitable for securing both short and longer-term objectives in a dynamic social, economic and regulatory environment.

Subject objectives/outcomes

On successful completion of this subject, students should be able to:

  1. Understand basic financial planning process and the environment within which this process operates in Australia
  2. Identify the principal financial planning tools and their application
  3. Understand the elements and processes in the development of effective financial planning strategies.

Contribution to graduate profile

This subject introduces students to the concepts and processes utilised in the personal financial planning process.

Teaching and learning strategies

The subject will be taught in a combined lecture/tutorial format. Key concepts are introduced in the lectures. Tutorial questions and problems are designed to support students learning.

Content

  • Financial planning skills
  • Taxation planning
  • Types of direct investments and their characteristics
  • Managed investment schemes
  • General procedures for investment analysis
  • Insurance in risk management
  • Australian consumer credit regulation
  • Estate planning techniques.

Indicative references

CCH Australia (2004) 2004/2005 Australian Master Financial Planning Guide, 7th ed. CCH Australia, Sydney.

English,J., Hicks, B., Hrasky, S. and Rundle, C. (1999) Personal Financial Management, Allen and Unwin, Sydney.