| Effective Term: | 2024/05 |
| Institute / School : | Institute of Innovation, Science & Sustainability |
| Unit Title: | Financial Planning |
| Unit ID: | BUACC3710 |
| Credit Points: | 15.00 |
| Prerequisite(s): | (BUACC1521 recommended but not required) |
| Co-requisite(s): | Nil |
| Exclusion(s): | Nil |
| ASCED: | 081105 |
| Other Change: | |
| Brief description of the Unit |
This course introduces students to financial planning, and the educational basis to pursue a career in the industry. Successful completion of the course will equip students with skills and knowledge in the areas of: the role of financial advisers and the client/adviser relationship compliance and ethics securities and managed funds, and related taxation implications social security superannuation, pensions and other retirement issues and estate planning. These topics are integrated through the study of financial plan construction and the preparation of a financial plan. This course meets Australian Securities and Investments Commission registration requirements for Tier 1 in respect of: specific knowledge in financial planning, securities, managed investments and superannuation generic knowledge and skills. |
| Grade Scheme: | Graded (HD, D, C, P, MF, F, XF) |
| Work Experience Indicator: |
| No work experience |
| Placement Component: | |
| Supplementary Assessment:Yes |
| Where supplementary assessment is available a student must have failed overall in the Unit but gained a final mark of 45 per cent or above, has completed all major assessment tasks (including all sub-components where a task has multiple parts) as specified in the Unit Description and is not eligible for any other form of supplementary assessment |
| Course Level: |
| Level of Unit in Course | AQF Level(s) of Course | | 5 | 6 | 7 | 8 | 9 | 10 | | Introductory | | | | | | | | Intermediate | | | | | | | | Advanced | | |  | | | |
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| Learning Outcomes: |
| Knowledge: |
| K1. | Describe the nature and purpose of financial planning, its role in society, and the legal compliance requirements for financial planners |
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| K2. | Gain knowledge of the Australian and global investment environments, as well as specialist knowledge in the areas of superannuation, social security, estate planning, taxation, securities, and managed investments |
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| K3. | Identify how financial planning processes and theories are used to facilitate decision making and their impact on the allocation of resources to various investment strategies, asset classes and investment markets |
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| K4. | Appraise the recent developments in the field of financial planning |
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| Skills: |
| S1. | Interact with financial planning clients and evaluate their financial objectives |
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| S2. | Apply financial planning concepts, practices and theories to a real life case scenario in order to communicate financial information and advice to end users to facilitate effective financial decision making |
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| S3. | Construct financial planning processes and synthesise relevant financial information and knowledge in order to identify and apply foundational financial planning concepts and principles |
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| S4. | Identify and research trends in the social, economic and legal environments and explain the impact they may have on financial planning initiatives and strategies |
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| Application of knowledge and skills: |
| A1. | Make informed decisions using financial planning techniques in a range of business decision making contexts |
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| A2. | Apply financial planning knowledge and skills to prepare a comprehensive financial plan. |
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| Unit Content: |
•Introduction to financial planning
•Financial planning skills
•Taxation planning
•Investment basics
•Direct investments
•Indirect investments
•Leveraged investments
•Superannuation
•Retirement planning
•Social security
•Estate planning
•Statement of advice |
| Graduate Attributes: |
| | Learning Outcomes Assessed | Assessment Tasks | Assessment Type | Weighting | | 1. | K1, K2, K4 S1, S2 A1 | Review of selected topics, based on lectures, prescribed reading, tutorial preparation, correction and discussion, and revision. | Test | 10-20% | | 2. | K1, K2,K3 S1, S2, S3 A1, A2 | Individual or group assignment and presentation, requiring completion of a report requiring analysis, calculations and/or short written responses. | Group Assignment | 20-30% | | 3. | K1, K2, K3, K4 S1, S2, S3, S4 A1 K1, K2, K3, K4 S1, S2, S3, S4 A1 | Comprehensive review of topics, based on lectures, prescribed reading, tutorial preparation, correction and discussion, and revision. | Examination | 50-70% |
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