FINC20031 - Ethical Financial Planning Practice

General Information

Unit Synopsis

In this unit you will explore advanced aspects of ethics in professional practice with a focus on Financial Planning Practice. As someone already familiar with the practical ethical directives that define professional practice, you will have the opportunity to investigate the principles behind them, the dynamics of ethical debate and its relationship to broader cultural issues. In this way the ethical content encountered in previous studies, or in professional practice itself, will be located within its broader historical and cultural perspective to assist you in appreciating more fully the central importance of ethical practice in professional life.

Details

Level Postgraduate
Unit Level 8
Credit Points 6
Student Contribution Band SCA Band 4
Fraction of Full-Time Student Load 0.125
Pre-requisites or Co-requisites There are no pre-requisites for the 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).

Class Timetable View Unit Timetable
Residential School No Residential School

Unit Availabilities from Term 1 - 2022

There are no availabilities for this unit on or after Term 1 - 2022

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 Postgraduate 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. Project (research) 50%
2. Report 50%

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 - 2019 : The overall satisfaction for students in the last offering of this course was 3.8 (on a 5 point Likert scale), based on a 66.67% 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 evaluation survey.
Feedback
Addition reading resources online would be useful.
Recommendation
Reading resources will be reviewed and expanded as necessary.
Action Taken
Nil.
Source: Student evaluation survey.
Feedback
Difficult to frame written assessment around proposed legislation in an environment where the industry has not settled its own standards.
Recommendation
Attention to crafting assessment topics to the reality of the industry as it settles its own standards will be considered.
Action Taken
Nil.
Source: Student evaluation survey.
Feedback
Increase the number of Zoom workshops and ensure they are all recorded and posted.
Recommendation
The number of Zoom workshops will be increased and they will all be recorded and posted to the Moodle site.
Action Taken
Nil.
Source: Personal reflection & private student comments.
Feedback
Zoom workshop times should be set without excessive negotiation with class.
Recommendation
Zoom workshop times will be set at the start of term to provide certainty for class planning.
Action Taken
Nil.
Unit learning Outcomes

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

  1. Critically articulate the major systems of ethics and their applications in professional practice
  2. Articulate ethical arguments using various frameworks for solving ethical dilemmas
  3. Develop persuasive solutions to emerging ethical problems using a stakeholder orientation.

This unit has been designed to conform to the requirements of the Financial Planning Education Council, the guidelines formulated by FASEA Standards Authority and the mandated higher education standards stated in the Corporations Amendment (Professional Standards of Financial Advisers) Act.

Alignment of Assessment Tasks to Learning Outcomes
Assessment Tasks Learning Outcomes
1 2 3
1 - Project (research)
2 - Report
Alignment of Graduate Attributes to Learning Outcomes
Advanced Level
Professional Level
Graduate Attributes Learning Outcomes
1 2 3
1 - Knowledge
2 - Communication
3 - Cognitive, technical and creative skills
4 - Research
5 - Self-management
6 - Ethical and Professional Responsibility
7 - Leadership
Alignment of Assessment Tasks to Graduate Attributes
Advanced Level
Professional Level
Assessment Tasks Graduate Attributes
1 2 3 4 5 6 7 8
1 - Project (research)
2 - Report