FPL100 Foundations of Financial Planning

Updated: 13 May 2019
Credit Points 6
Offering
Responsible Campus Teaching Period Mode of Study
Armidale Trimester 1 Online
Armidale Trimester 2 Online
Armidale Trimester 3 Online
Intensive School(s) None
Supervised Exam There is no supervised examination.
Pre-requisites candidature in BCom
Co-requisites None
Restrictions AFM302 or FIN301
Notes None
Combined Units None
Coordinator(s) Cynthia Shannon (cshanno5@une.edu.au)
Unit Description

In this unit students learn the skills involved in providing financial advice to clients. This unit introduces the regulatory and legislative framework that underpins the financial planning sector in Australia and provides a process for determining a client's attitude to risk and appropriate courses of action to be considered. The unit includes an overview of superannuation, life insurance, estate planning and tax planning to highlight how different strategies can affect financial health and the ability of clients to meet their goals and objectives.

This unit will include topics that address the regulatory framework in financial planning; licensing requirements to give advice; the six step process; economic fundamentals; key financial market participants; the difference between general advice and personal advice; financial advice and code of ethics; client file requirements; risk management; social security; taxation basics; estate planning and superannuation basics.

Prescribed Material
Mandatory

Text(s):

Note: Students are expected to purchase prescribed material. Please note that textbook requirements may vary from one teaching period to the next.

Financial Planning in Australia 2017 Essentials Edition

ISBN: 9780409342536
Taylor, S., LexisNexis 4th ed. 2016

Text refers to: Trimester 1, Online

Financial Planning in Australia 2019 Essentials Edition

ISBN: 9780409349047
Taylor, S., LexisNexis Australia 2019

Text refers to: Trimester 2, Online

Disclaimer Unit information may be subject to change prior to commencement of the teaching period.
Assessment
Must
Complete
Title Exam Length Weight Mode No. Words
Compulsory Case Study Assessment 25% 1000
Assessment Notes

This assessment involves the student problem solving in practice.

Relates to Learning Outcomes (LO)

LO: 1-6

Compulsory Client Simulation 30% 1500
Assessment Notes

This assessment is a financial planning scenario analysis.

Relates to Learning Outcomes (LO)

LO: 2, 3, 5, 6

Compulsory Strategy Concept 45% 2500
Assessment Notes

This assessment requires students to generate one or more solutions to meet a client's goals.

Relates to Learning Outcomes (LO)

LO: 1-6


Learning Outcomes (LO) Upon completion of this unit, students will be able to:
  1. demonstrate an understanding of personal financial planning concepts, considerations and issues;
  2. demonstrate an understanding of, and explain, the regulatory and legislative framework in which financial advice can be provided;
  3. identify and apply clients' needs as part of the provision of financial planning advice using the six step process;
  4. apply the key elements of each of the six steps, with consideration of matching client needs and planning services;
  5. identify the strategic considerations of financial planning needs - cashflow management, debt management, risk management, investment, taxation, superannuation, social security, estate planning and structuring; and
  6. demonstrate an understanding of 'risk' in a financial planning context.