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Online Session 2 Session 2,  2

Unit Summary

Unit type

UG Coursework Unit

Credit points

12

AQF level

7

Level of learning

Advanced

Unit aim

Introduces students to financial planning including investments, superannuation, retirement and cash-flow planning, taxation, legal structures, risk assessment, insurance, and estate planning. Students will engage in teacher directed activities and experiences relevant to contemporary wealth management and critical aspects of the financial planner-client relationship.

Unit content

Topic 1: Role and Scope of Financial Planning

Topic 2: Contemporary Issues in the Financial Planning Industry

Topic 3: Legal & Ethical Framework

Topic 4: Examining the Financial Planning Process

Topic 5: Financial Products – Equities and Managed Funds

Topic 6: Financial Products – Cash and Fixed Interest

Topic 7: Financial Products – Real Estate and Commodities

Topic 8: Taxation Fundamentals

Topic 9: Superannuation and Retirement Planning

Topic 10: Social Security Applications

Topic 11: Risk Management & Insurance

Topic 12: Estate Planning

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.

GA1: , GA2: , GA3: , GA4: , GA5: , GA6: , GA7:
On completion of this unit, students should be able to: GA1 GA2 GA3 GA4 GA5 GA6 GA7
1 describe and critically appraise the role of a financial planner
2 describe the range of financial services provided by a financial planner
3 explain the importance of the financial planner-client relationship
4 develop appropriate financial planning strategies for a range of clients
5 Recommend various types of investment products for inclusion in a client wealth building strategy
6 advise client's on their exposure to investment and financial risk
7 outline and explain the taxation, legal and ethical framework which financial planners operate within.

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

  1. describe and critically appraise the role of a financial planner
    • GA4:
  2. describe the range of financial services provided by a financial planner
    • GA4:
    • GA6:
  3. explain the importance of the financial planner-client relationship
    • GA4:
    • GA6:
  4. develop appropriate financial planning strategies for a range of clients
    • GA3:
    • GA6:
  5. Recommend various types of investment products for inclusion in a client wealth building strategy
    • GA3:
    • GA6:
  6. advise client's on their exposure to investment and financial risk
    • GA3:
    • GA6:
  7. outline and explain the taxation, legal and ethical framework which financial planners operate within.
    • GA4:

Prescribed texts

  • (Digital and Print Versions Available) fromn http://www.wileydirect.com.au/buy/financial-planning-2nd-update-edition/: Warren McKeown, Mike Kerry, Marc Olynyk , 2017, Financial Planning, 2nd Update Edition, 2nd edn, John Wiley & Sons, Milton, QLD. ISBN: 9780730343554.
Prescribed texts may change in future teaching periods.