Unit Profile Correction added on 09-07-17
The e-textbook for Term 2, 2017 is:
Financial Planning, 2nd Update Edition Wiley E-Text
Warren McKeown, Mike Kerry, Marc Olynyk
ISBN: 978-0-7303-4355-4
This E-Text includes legislation updates relevant to changes to superannuation law.
Overview
In this unit students will be introduced to the fundamentals of the financial planning process, legal framework and the responsibilities of planners. This unit will also expose students to wealth creation, planning for retirement, estate planning and also family and social security issues.
Details
Pre-requisites or Co-requisites
There are no requisites for this unit.
Important note: Students enrolled in a subsequent unit who failed their pre-requisite unit, should drop the subsequent unit before the census date or within 10 working days of Fail grade notification. Students who do not drop the unit in this timeframe cannot later drop the unit without academic and financial liability. See details in the Assessment Policy and Procedure (Higher Education Coursework).
Offerings For Term 2 - 2017
Attendance Requirements
All on-campus students are expected to attend scheduled classes – in some units, these classes are identified as a mandatory (pass/fail) component and attendance is compulsory. International students, on a student visa, must maintain a full time study load and meet both attendance and academic progress requirements in each study period (satisfactory attendance for International students is defined as maintaining at least an 80% attendance record).
Recommended Student Time Commitment
Each 6-credit Undergraduate unit at CQUniversity requires an overall time commitment of an average of 12.5 hours of study per week, making a total of 150 hours for the unit.
Class Timetable
Assessment Overview
Assessment Grading
This is a graded unit: your overall grade will be calculated from the marks or grades for each assessment task, based on the relative weightings shown in the table above. You must obtain an overall mark for the unit of at least 50%, or an overall grade of ‘pass’ in order to pass the unit. If any ‘pass/fail’ tasks are shown in the table above they must also be completed successfully (‘pass’ grade). You must also meet any minimum mark requirements specified for a particular assessment task, as detailed in the ‘assessment task’ section (note that in some instances, the minimum mark for a task may be greater than 50%). Consult the University’s Grades and Results Policy for more details of interim results and final grades.
All University policies are available on the CQUniversity Policy site.
You may wish to view these policies:
- Grades and Results Policy
- Assessment Policy and Procedure (Higher Education Coursework)
- Review of Grade Procedure
- Student Academic Integrity Policy and Procedure
- Monitoring Academic Progress (MAP) Policy and Procedure – Domestic Students
- Monitoring Academic Progress (MAP) Policy and Procedure – International Students
- Student Refund and Credit Balance Policy and Procedure
- Student Feedback – Compliments and Complaints Policy and Procedure
- Information and Communications Technology Acceptable Use Policy and Procedure
This list is not an exhaustive list of all University policies. The full list of University policies are available on the CQUniversity Policy site.
Feedback, Recommendations and Responses
Every unit is reviewed for enhancement each year. At the most recent review, the following staff and student feedback items were identified and recommendations were made.
Feedback from Have your say
Students find that including new development in the financial planning industry into the course useful.
If this course will be to offered in the future terms, new development in the financial planning industry will be included. Unfortunately, this course will no longer be offered from 2015.
- Explain the process of financial planning
- Explain the Australian legal framework within which financial planners operate and their legal responsibilities
- Assess the universe of assets available to Australians and their performance in the past
- Explain the operation of superannuation
- Analyse the manipulation of income streams
- Analyse estate planning and how social security payments may be affected by different income streams
Alignment of Assessment Tasks to Learning Outcomes
| Assessment Tasks | Learning Outcomes | |||||
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | |
| 1 - Written Assessment - 20% | ||||||
| 2 - Practical and Written Assessment - 20% | ||||||
| 3 - Examination - 60% | ||||||
Alignment of Graduate Attributes to Learning Outcomes
| Graduate Attributes | Learning Outcomes | |||||
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | |
| 1 - Communication | ||||||
| 2 - Problem Solving | ||||||
| 3 - Critical Thinking | ||||||
| 4 - Information Literacy | ||||||
| 5 - Team Work | ||||||
| 6 - Information Technology Competence | ||||||
| 7 - Cross Cultural Competence | ||||||
| 8 - Ethical practice | ||||||
| 9 - Social Innovation | ||||||
| 10 - Aboriginal and Torres Strait Islander Cultures | ||||||
Alignment of Assessment Tasks to Graduate Attributes
| Assessment Tasks | Graduate Attributes | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | |
| 1 - Written Assessment - 20% | ||||||||||
| 2 - Practical and Written Assessment - 20% | ||||||||||
| 3 - Examination - 60% | ||||||||||
Textbooks
Financial Planning in Australia
(2013)
Authors: Sharon Taylor and Roger Juchau
LexisNexis Butterworths
Chatswood Chatswood , NSW , Australia
Binding: Paperback
Additional Textbook Information
IT Resources
- CQUniversity Student Email
- Internet
- Unit Website (Moodle)
All submissions for this unit must use the referencing style: American Psychological Association 6th Edition (APA 6th edition)
For further information, see the Assessment Tasks.
j.knutsen@cqu.edu.au
Module/Topic
Chapter
Refer Week 1 Study Guide
Events and Submissions/Topic
Module/Topic
Chapter
Refer Week 2 Study Guide
Events and Submissions/Topic
Module/Topic
Chapter
Refer Week 3 Study Guide
Events and Submissions/Topic
Module/Topic
Chapter
Refer Week 4 Study Guide
Events and Submissions/Topic
Module/Topic
Personal Taxation Planning Fundamentals
Chapter
Refer Week 5 Study Guide
Events and Submissions/Topic
Module/Topic
Chapter
Events and Submissions/Topic
Module/Topic
Wealth Creation 1: Direct investment in fixed interest, shares and margin lending
Chapter
Events and Submissions/Topic
Module/Topic
Wealth Creation 2 : Managed Funds
Chapter
Refer Week 7 Study Guide
Events and Submissions/Topic
Module/Topic
Wealth Creation 3: Overview of superannuation and retirement planning
Chapter
Refer Week 8 Study Guide
Events and Submissions/Topic
Module/Topic
Wealth protection – overview of insurance and risk management
Chapter
Refer Week 9 Study Guide
Events and Submissions/Topic
Module/Topic
Estate Planning
Chapter
Events and Submissions/Topic
Module/Topic
Chapter
Refer Week 11 Study Guide
Events and Submissions/Topic
Module/Topic
Maintaining a Trusted Adviser / Client Relationship
Chapter
Events and Submissions/Topic
Module/Topic
Course Review
Chapter
Refer Review Study Guide
Events and Submissions/Topic
Module/Topic
Chapter
Events and Submissions/Topic
1 Written Assessment
Resources for Assessment 1 includes a recorded initial client interview between a financial planner and a new client, real-world financial planning fact-finding templates and a set of reflective questions. Using these resources, your task is to a) review the interview, complete a fact finder, analyse and score the client's risk profile and complete a comprehensive file note and b) answer the assigned questions about the practice and process of professional financial planning.
IMPORTANT NOTES:
- Recording, further instruction and marking guidelines will be available on Moodle by Week 2..
- Weeks 1, 2 and 3 introduces the skills and knowledge underpinning this assignment.
- This is an individual assignment.
Week 5 Friday (11 Aug 2017) 5:00 pm AEST
Week 7 Friday (1 Sept 2017)
A comprehensive marking criteria will be provided on Moodle. In summary, marks are awarded for accurate completion of fact finding, analysis of the client's risk profile and the breadth of observations demonstrated in the file note. Marks are also awarded for the critical thinking, problem solving skills and awareness of current financial panning legislation evident in the responses to the reflective questions.
- Explain the process of financial planning
- Explain the Australian legal framework within which financial planners operate and their legal responsibilities
- Communication
- Problem Solving
- Critical Thinking
- Information Literacy
- Team Work
- Information Technology Competence
2 Practical and Written Assessment
This is an individual assessment which centers on the financial planning client case study introduced in Assignment 1.
Assessment 2 materials include a Strategic Plan template, calculators and other useful real-world financial planning resources. Using this template you are required to analyse, evaluate and document a strategic financial plan based on the needs and objectives of the client introduced in Assessment 1.
IMPORTANT NOTES:
- Submission is made via Moodle.
- While it's appreciated you may be familiar with other financial planning templates, your submission must be completed using the Strategic Plan template provided.
Week 9 Friday (15 Sept 2017) 11:45 pm AEST
Monday (2 Oct 2017)
A comprehensive marking criteria is provided with Assessment 2 resources. In summary, marks are awarded for:
- the depth of analysis underpinning the strategic financial plans presented
- the effective use of calculators and financial tools to make projections and support the recommendations
- the depth of discussion related to the benefits, risks and features of the relevant financial planning strategies
- the attention given to compliance such as demonstrating the suitability and appropriateness of the recommended financial planning strategies and alignment to the client's needs and objectives and tolerance or risk
IMPORTANT NOTES:
- This is an individual assessment.
- All submissions must be presented using the Strategic Plan template provided.
- Explain the process of financial planning
- Explain the Australian legal framework within which financial planners operate and their legal responsibilities
- Assess the universe of assets available to Australians and their performance in the past
- Explain the operation of superannuation
- Communication
- Problem Solving
- Critical Thinking
- Information Literacy
- Team Work
- Cross Cultural Competence
- Ethical practice
Examination
Dictionary - non-electronic, concise, direct translation only (dictionary must not contain any notes or comments).
As a CQUniversity student you are expected to act honestly in all aspects of your academic work.
Any assessable work undertaken or submitted for review or assessment must be your own work. Assessable work is any type of work you do to meet the assessment requirements in the unit, including draft work submitted for review and feedback and final work to be assessed.
When you use the ideas, words or data of others in your assessment, you must thoroughly and clearly acknowledge the source of this information by using the correct referencing style for your unit. Using others’ work without proper acknowledgement may be considered a form of intellectual dishonesty.
Participating honestly, respectfully, responsibly, and fairly in your university study ensures the CQUniversity qualification you earn will be valued as a true indication of your individual academic achievement and will continue to receive the respect and recognition it deserves.
As a student, you are responsible for reading and following CQUniversity’s policies, including the Student Academic Integrity Policy and Procedure. This policy sets out CQUniversity’s expectations of you to act with integrity, examples of academic integrity breaches to avoid, the processes used to address alleged breaches of academic integrity, and potential penalties.
What is a breach of academic integrity?
A breach of academic integrity includes but is not limited to plagiarism, self-plagiarism, collusion, cheating, contract cheating, and academic misconduct. The Student Academic Integrity Policy and Procedure defines what these terms mean and gives examples.
Why is academic integrity important?
A breach of academic integrity may result in one or more penalties, including suspension or even expulsion from the University. It can also have negative implications for student visas and future enrolment at CQUniversity or elsewhere. Students who engage in contract cheating also risk being blackmailed by contract cheating services.
Where can I get assistance?
For academic advice and guidance, the Academic Learning Centre (ALC) can support you in becoming confident in completing assessments with integrity and of high standard.
What can you do to act with integrity?
