Unit aim
Provides an overview of financial planning; investments; retirement; and cash-flow planning; taxation; legal structures; risk assessment; and insurance, focusing on 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: Investment Fundamentals, Asset Classes and Financial Products
Topic 6: Taxation Fundamentals
Topic 7: Superannuation and Retirement Planning
Topic 8: Social Security Applications
Topic 9: Risk Management & Insurance
Topic 10: 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.
Learning outcomes and graduate attributes
GA1: Intellectual rigour,
GA2: Creativity,
GA3: Ethical practice,
GA4: Knowledge of a discipline,
GA5: Lifelong learning,
GA6: Communication and social skills,
GA7: Cultural competence| 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 | Intellectual rigour | | | Knowledge of a discipline | | | |
| 2 | describe the range of financial services provided by a financial planner | Intellectual rigour | | | Knowledge of a discipline | | | |
| 3 | explain the importance of the financial planner-client relationship | Intellectual rigour | | Ethical practice | Knowledge of a discipline | | | |
| 4 | develop appropriate financial planning strategies for a range of clients | Intellectual rigour | | Ethical practice | Knowledge of a discipline | | Communication and social skills | |
| 5 | evaluate the role of various types of investment products for inclusion in a client wealth building strategy | Intellectual rigour | | Ethical practice | Knowledge of a discipline | | | |
| 6 | advise client's on their exposure to investment and financial risk | Intellectual rigour | | Ethical practice | Knowledge of a discipline | | Communication and social skills | |
| 7 | outline and explain the taxation and legal framework which financial planners operate within. | Intellectual rigour | | | Knowledge of a discipline | | | |
On completion of this unit, students should be able to:
- describe and critically appraise the role of a financial planner
- GA1:
Intellectual rigour
- GA4:
Knowledge of a discipline
- describe the range of financial services provided by a financial planner
- GA1:
Intellectual rigour
- GA4:
Knowledge of a discipline
- explain the importance of the financial planner-client relationship
- GA1:
Intellectual rigour
- GA3:
Ethical practice
- GA4:
Knowledge of a discipline
- develop appropriate financial planning strategies for a range of clients
- GA1:
Intellectual rigour
- GA3:
Ethical practice
- GA4:
Knowledge of a discipline
- GA6:
Communication and social skills
- evaluate the role of various types of investment products for inclusion in a client wealth building strategy
- GA1:
Intellectual rigour
- GA3:
Ethical practice
- GA4:
Knowledge of a discipline
- advise client's on their exposure to investment and financial risk
- GA1:
Intellectual rigour
- GA3:
Ethical practice
- GA4:
Knowledge of a discipline
- GA6:
Communication and social skills
- outline and explain the taxation and legal framework which financial planners operate within.
- GA1:
Intellectual rigour
- GA4:
Knowledge of a discipline
Prescribed texts
Session 2
- McKeown, W, Kerry, M, Olynyk, M & Beal, D, 2012, Financial Planning, John Wiley & Sons, Milton, QLD.
Prescribed texts may change in future study periods.