Undergraduate - UnitBFF3111 - Personal financial planning

This unit entry is for students who completed this unit in 2014 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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6 points, SCA Band 3, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered, or view unit timetables.

Level	Undergraduate
Faculty	Faculty of Business and Economics
Organisational Unit	Department of Banking and Finance
Offered	Caulfield First semester 2014 (Day) Caulfield Second semester 2014 (Day) Caulfield Summer semester A 2014 (Day)
Coordinator(s)	Mr Andrew Child

Synopsis

This unit provides an introduction to financial planning. Coverage includes: the legislative and economic environment; the role of financial service advisers; licensing and disclosure; investment strategies, products, and related taxation implications, with particular reference to securities and managed investments; social security; superannuation, pensions and other retirement issues; estate planning; and the financial planning process. This unit meets Australian Securities and Investments Commission registration requirements for Tier 1 in respect of: specific knowledge in financial planning, securities, managed investments and superannuation; generic knowledge; and skills.

Outcomes

The learning goals associated with this unit are to:

describe financial planning activities and legal compliance requirements for financial planners
demonstrate specialist skills required for interaction with financial planning clients
demonstrate generic knowledge of the Australian and global investment environments, together with specialist knowledge in the areas of superannuation, financial planning, securities and managed investments
prepare detailed information necessary to complete a limited Statement of Advice (SoA)
apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with personal financial planning and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by BFF3111.

Assessment

Within semester assessment: 30%
Examination: 70%

Chief examiner(s)

Professor Jonathan Batten

Workload requirements

Minimum total expected workload equals 144 hours per semester

Prerequisites

Students must have passed AFC2140, BFC2140, BFF2631 or AFF2631 before undertaking this unit.

Prohibitions

AFC3440, BFC3440, AFF3111