FINC19020 - Financial Plan Construction

General Information

Unit Synopsis

This capstone unit applies prior knowledge to produce a statement of advice for a real world case study. You will conduct an initial client interview, research and develop a wealth strategy and learn to present a financial plan to a client. You also gain insights into management of client relationships.

Details

Level Undergraduate
Unit Level 3
Credit Points 6
Student Contribution Band SCA Band 4
Fraction of Full-Time Student Load 0.125
Pre-requisites or Co-requisites

Pre-requisites - FINC11001 and FINC19011 and LAWS19033

Co-requisites:- FINC19012 and FINC19016 and FINC13001

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).

Class Timetable View Unit Timetable
Residential School No Residential School

Unit Availabilities from Term 2 - 2023

Term 2 - 2023 Profile
Online
Term 2 - 2024 Profile
Online

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).

Assessment Overview

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.

Assessment Tasks

Assessment Task Weighting
1. Practical Assessment 30%
2. Practical Assessment 40%
3. Practical Assessment 30%

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

Past Exams

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Previous Feedback

Term 2 - 2023 : The overall satisfaction for students in the last offering of this course was 76.92% (`Agree` and `Strongly Agree` responses), based on a 36.11% response rate.

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.

Source: Student Unit Teaching Evaluations
Feedback
Teaching staff to create a more inclusive environment
Recommendation
Ensure teaching staff are trained to create an inclusive environment
Action Taken
After some coaching by the unit coordinator, the teaching staff have been more mindful about creating an inclusive environment.
Source: Student Unit Teaching Evaluations
Feedback
Students found the Statement of Advice template confusing
Recommendation
Review and possibly replace the current Statement of Advice template with a new template to make it easier for students to follow
Action Taken
The template was amended to be clearer.
Source: Student Unit Teaching Evaluations
Feedback
Make the requirements of the Presentation assessment clearer
Recommendation
Review and possibly amend the Presentation Assessment Instructions
Action Taken
The presentation instructions were amended and improved.
Source: Student evaluation
Feedback
Students want one word document with the assessment instructions
Recommendation
The unit coordinator will review the assessment instruction document.
Action Taken
Nil.
Source: Student evaluation
Feedback
Students appreciated the knowledge and experience shared by the guest lecturers
Recommendation
Will continue to incorporate guest lecturers into the live weekly Zoom workshops
Action Taken
Nil.
Source: Student evaluation
Feedback
Students preferred the unit coordinator generated case study fact find as it is more realistic than the AMP University Challenge fact find information.
Recommendation
The unit coordinators will review whether the AMP University Challenge case study is appropriate going forwards
Action Taken
Nil.
Unit learning Outcomes

On successful completion of this unit, you will be able to:

  1. Research and identify client data in developing a statement of advice
  2. Apply professional and ethical principles pertaining to the financial planning process
  3. Employ communication skills to manage client relationships
  4. Apply financial planning software to model client scenarios.

Alignment of Assessment Tasks to Learning Outcomes
Assessment Tasks Learning Outcomes
1 2 3 4
1 - Practical Assessment • • •
2 - Practical Assessment • • •
3 - Practical Assessment •
Alignment of Graduate Attributes to Learning Outcomes
• Introductory Level
• Intermediate Level
• Graduate Level
Graduate Attributes Learning Outcomes
1 2 3 4
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 • • • •
Alignment of Assessment Tasks to Graduate Attributes
• Introductory Level
• Intermediate Level
• Graduate Level
Assessment Tasks Graduate Attributes
1 2 3 4 5 6 7 8 9 10
1 - Practical Assessment • • • • • • •
2 - Practical Assessment • • • • • • •
3 - Practical Assessment • • • • • •