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FIN560 Financial Planning (8)

Abstract

This subject introduces the concepts involved in personal financial planning, placing particular attention to the various processes and principles which are involved. It provides an overview of the laws and regulations relating to the financial planning industry, the forms of government assistance to individuals, the choice of investments available, and the role of insurance and superannuation. The subject will introduce students to the tasks associated with the development of financial plans and develop their ability to construct financial plans through the study materials, case studies and practical workshops.

+ Subject Availability Modes and Location

Session 1
OnlineBathurst Campus
On CampusCSU Study Centre Melbourne
On CampusCSU Study Centre Sydney
Session 3
OnlineBathurst Campus
Continuing students should consult the SAL for current offering details: FIN560
Where differences exist between the Handbook and the SAL, the SAL should be taken as containing the correct subject offering details.

Subject information

Duration Grading System School:
One session HD/FLSchool of Accounting and Finance

Enrolment restrictions

Postgraduate Courses in the Faculty of Business, Justice and Behavioural Science.
Related subject(s)
FIN532 was made obsolete in 2008 by FIN560.

Learning Outcomes

Upon successful completion of this subject, students should:
  • be able to reflect critically on the structure, regulation and participants in the financial planning industry;
  • be able to analyse and evaluate various approaches to the financial planning process;
  • be able to use effective communication skills and financial planning principles to establish client goals and risk profile and develop a strategic statement that will form the basis of the financial plan;
  • be able to evaluate sources of consumer credit and apply investment strategies for wealth accumulation;
  • be able to apply risk management and taxation strategies for wealth protection;
  • be able to demonstrate an understanding of legal, social security, and retirement-related rules associated with financial planning;
  • be able to create, present, and interpret a professional-quality Statement of Advice that includes documentation of the decision process and a detailed action plan.

Syllabus

The subject will cover the following topics:
  • the financial planning profession;
  • the financial planning process and the Statement of Advice;
  • communication with clients;
  • successful financial planning;
  • budgeting and credit management;
  • investing in shares and bonds;
  • managed funds;
  • investment risk;
  • insurance;
  • taxation issues;
  • superannuation;
  • social security;
  • estate planning.

Residential School

This subject contains a compulsory 1 day residential school. Develop basic skills associated with advising clients in accordance with requirements for ASIC RG146 skills registration.

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The information contained in the 2018 CSU Handbook was accurate at the date of publication: 20 October 2017. The University reserves the right to vary the information at any time without notice.