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Unit Summary
Unit type
UG Coursework Unit
Credit points
12
AQF level
Level of learning
Advanced
Former School/College
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.
| 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:
-
describe and critically appraise the role of a financial planner
- GA4:
-
describe the range of financial services provided by a financial planner
- GA4:
- GA6:
-
explain the importance of the financial planner-client relationship
- GA4:
- GA6:
-
develop appropriate financial planning strategies for a range of clients
- GA3:
- GA6:
-
Recommend various types of investment products for inclusion in a client wealth building strategy
- GA3:
- GA6:
-
advise client's on their exposure to investment and financial risk
- GA3:
- GA6:
-
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.