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Unit of Study FINC2006 - Ethics and Professionalism (2024)

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Unit Snapshot

  • Enrolment information

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Unit description

Introduces students to ethical principles, standards and contemporary issues applicable to Australian financial advisers. Students will participate in teacher-directed activities and experiences relevant to ethical frameworks and the values and professional standards of the Code of Ethics. Students will also engage with case studies/scenarios that demonstrate complex ethical dilemmas encountered by financial advisers, providing opportunities to offer practical solutions and advisory recommendations.

Unit content

Module 1: An Introduction to Ethics and Influences on Decisions and Behaviour

Module 2: The Financial Advice Environment – Ethical Conflict of Interest and Client-Adviser Relationships

Module 3: Code of Ethics – Monitoring and Enforcement and Values and Categories

Module 4: The Standards of the Code of Ethics

Module 5: Ethical Decision-Making Frameworks

Module 6: Ethics in Leadership and Business Practices – Professionalism and Reflective Practice

Availabilities

Location Domestic International
Gold Coast
Term2
Term2
Online
Term2
Term2

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. The unit learning outcomes and graduate attributes are also the basis of evaluating prior learning.

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

identify and explain the role of ethical, regulatory and legal frameworks and professional standards in the financial advice environment

recognise and discuss the importance of due diligence and the best interests duty of a financial adviser

demonstrate and communicate an understanding of the values, obligations and professional standards that underpin the Code of Ethics

critically apply ethical frameworks and professional standards to evaluate and solve dilemmas encountered by financial advisers.

Prescribed learning resources

Prescribed Texts
  • Simon Longstaff, Katherine Hunt, and Carolyn Tate, 2020, Everyday Ethics for Financial Advisers, The Ethics Centre. ISBN: 9780648724629 .
Prescribed Resources/Equipment
  • No prescribed resources/equipment.

Prescribed Learning Resources may change in future Teaching Periods.