The aim of this unit is to provide students with underpinning knowledge and skill in the area of personal financial planning. Topics include introduction to financial planning, the economics of the financial process, financial planning services, various options in financial planning, developing, implementing and reviewing financial plans, matching of ongoing clients' needs and financial planning services.
Unit details
Location:
Study level:
Undergraduate
Credit points:
12
Unit code:
BAO3000
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Learning Outcomes
| 1. | Articulate an understanding of the financial services industry in Australia; the changing regulatory framework; and how behavioural, economic, political and sociological factors impact upon the financial planning process and individual circumstances; | ||
| 2. | Scrutinise the principles of strategic and ethical financial planning, and the range of financial planning decisions involved in developing a personal financial plan; | ||
| 3. | Appraise the diversity of financial products and services available and the basis of selection to meet the specific goals and objectives of client and use this information to produce a financial plan and substantiate decision making; | ||
| 4. | Apply basic financial planning skills in formulating a financial plan designed to meet the needs and objectives of a specific client; | ||
| 5. | Investigate the impact of risk preferences, taxation, superannuation, social security and estate planning considerations in the development of financial plans; and | ||
| 6. | Collaborate with peers, while demonstrating responsibility and accountability for own learning, to deliberate on ideas using effective communication skills in a group setting. |
Assessment
Melbourne campuses
Students studying under the VU Block Model.
| Assessment type | Description | Grade |
|---|---|---|
| Test | Online quizzes x 2 | 10% |
| Assignment | Statement of advice – Group assignment | 35% |
| Presentation | Group assignment presentation | 15% |
| Test | Problem-based written task (in-class) | 40% |
Other locations
| Assessment type | Description | Grade |
|---|---|---|
| Test | Class test | 10% |
| Assignment | Group Assignment | 35% |
| Presentation | Group Assignment Presentation | 15% |
| Examination | Final Exam | 40% |
Required reading
Financial Planning in Australia 2019 (Essentials ed.).
Taylor, S. (2019).
Chatswood, N.S.W.: LexisNexis Butterworths Australia.
Where to next?
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