Financial Planning and Personal Finance

Course aim

To introduce the student to the techniques and products associated with offering personal investment and financial planning advice and to highlight the principles involved in constructing investment portfolios.

Course content

The financial planning environment: evolution of financial planning industry; industry participants; role of financial planning; regulatory and licensing issues. The principles underlying construction of personal investment portfolios: investor goals; attitudes to risk and return; time horizon and constraints. Formulation of an investment plan: effects of diversification; taxation considerations; performance goals. Performance measurement and review. Evaluating investments: risk and return characteristics; performance record and prospects; direct vis-a-vis indirect investment; market efficiency. Appraisal of principal investment markets: property, equities, interest bearing securities. Personal risk management and insurance: assessment of risks and benefits; analysis of insurance types; factors influencing insurance premiums.

Textbook(s)

McKeown, W, Kerry, M & Olynyk, M 2014, Financial Planning, 2nd edn, John Wiley & Sons, Brisbane

Prerequisite(s)

Common to all relevant programs
Subject Area & Catalogue Number	Course Name
ACCT 1008	Accounting for Business

Corequisite(s)

Nil

Teaching method

Component	Duration
INTERNAL, CITY WEST
Lecture	1.5 hours x 13 weeks
Tutorial	2 hours x 12 weeks
EXTERNAL, CITY WEST, DISTANCE EDUCATION
External	x 13 weeks
INTERNAL, OFFSHORE, TAYLOR'S BUSINESS SCHOOL
Lecture	2 hours x 14 weeks
Tutorial	2 hours x 13 weeks

Note: These components may or may not be scheduled in every study period. Please refer to the timetable for further details.

Assessment

Examination, Quantitative Assessment 1, Quantitative Assignment 2, Student Presentations and Peer Reviews

Fees

EFTSL*: 0.125
Commonwealth Supported program (Band 3)
To determine the fee for this course as part of a Commonwealth Supported program, go to:
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Fee-paying program for domestic and international students
International students and students undertaking this course as part of a postgraduate fee paying program must refer to the relevant program home page to determine the cost for undertaking this course.

Non-award enrolment
Non-award tuition fees are set by the university. To determine the cost of this course, go to:
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Not all courses are available on all of the above bases, and students must check to ensure that they are permitted to enrol in a particular course.

* Equivalent Full Time Study Load. Please note: all EFTSL values are published and calculated at ten decimal places. Values are displayed to three decimal places for ease of interpretation.