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25415 Personal Financial Planning

UTS: 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.

Assessment

Assessment item 1: Class Tests (Individual)

Objective(s): 1 and 2
Weighting: 50%
Task: Class tests are designed to reinforce students' understanding of financing planning process in Australia.

Assessment item 2: Final Examination (Individual)

Objective(s): 1-3
Weighting: 50%
Task: Students are tested for their appreciation of the financial planning process and their proficiency in designing effective financial plans.

Required text(s)

Valentine T, Modern Financial and Investment Planning, Pearson Education Australia, Sydney, 2007

Recommended text(s)

Australian Financial Planning Handbook 2007/2008, Thomson ATP, Pyrmont, 2007

Australian Master Financial Planning Guide 9ed, CCH Australia, Sydney, 2007

ASIC Financial Services Policy Handbook

Australian Securities & Investments Commission 2001

ASIC Managed Investments Handbook

Australian Securities & Investments Commission 2001

ASIC Good Advice Handbook — Investment Advisory Services, Australian Securities & Australian Securities & Investments Commission 2001, Investments Commission 2001.

Indicative references

Relevant readings will also be placed on UTS 25415 Online or are accessible in the UTS City campus library or via the internet references provided.

Other resources

Lecture overheads

All 25415 Overheads and Tutorial Task Materials will be available on UTS 25415 Online.

Only those 25415 tutorial solutions involving Excel Spreadsheet will be placed online.