Introduction to Financial Planning

• • Refer to Mylo for study topics

In order to enrol in this subject, you must be accepted into one of the following degrees:

Core

• TAS-MFP-GDI-2022
• TAS-MFP-GDI-2023

Elective

• OUA-PSU-GCE-2022
• TAS-MPA-MAS-2023
• TAS-MPA-MAS-2023
• OUA-PSU-GCE-2023

Additional requirements

No additional requirements

A comprehensive financial plan will contribute towards the quality of a person's life by reducing the uncertainty about their future needs and the resources that will be available to meet them. This subject is an introductory course examining what is involved in organising and managing an individual's financial resources, and how to protect, maximise and enjoy the benefits obtained from these resources. The financial planning industry undergoing significant change commencing from March 2004 with the implementation of the Financial Services Reform Act 2001 (FSRA).  

The aim of the subject is to provide a sound understanding of the process of financial planning, together with some of the fundamental skills and knowledge that are required. In line with these objectives, each of the recognised steps in the financial planning process that have been developed by financial planners will be examined in detail, namely: gathering qualitative and quantitative data; identifying goals; identifying financial problems including: setting priorities, deciding on trade-offs and considering opportunity costs; preparing or interpreting written recommendations; implementing agreed-upon plans; and, reviewing, revising and maintaining personal financial plans. The `key areas' that are important for the financial planning process are examined, namely: the regulatory framework; investments; managed funds; superannuation; home ownership; risk management and insurance; taxation; consumer credit; social security; estate planning.

• Capstone Project (40%)
• Assignment Analysis (25%)
• Workshop Participation Activities (35%)

Current study term: 19 Feb 23 to 28 May 23