Introduction to Financial Planning
Take a step-by-step approach to financial planning – one that has been tested by professionals. Learn to gather qualitative and quantitative data, identify goals, note financial problems, prepare written recommendations, maintain plans and more.
Your upfront cost: $0
- 20 Feb 2023
Australia’s fourth oldest university, the University of Tasmania, is highly regarded internationally for teaching and academic excellence. The university offers more than 100 undergraduate degrees and more than 50 postgraduate programs across a range of disciplines. The university offers students a diverse range of opportunities, the chance to learn from leading experts, and excellent preparation for their future careers.
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Our student advisors are here to guide you with:
- Enrolling and eligibility
- Fee and loan information
- Credit and recognition for prior learning
Upon successful completion of this subject, students should be able to:
- Critique the advisory functions of financial planners. within the adviser/client relationship
- Analyse the Australian legal framework within which financial planners operate
- Apply financial planning process steps to client scenarios
- Evaluate the ethical considerations and professional conduct requirements
- Refer to Mylo for study topics
In order to enrol in this subject, you must be accepted into one of the following degrees:
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
Check the learning management system (LMS) of your university for textbook details.