Year No. Offer Mode Description Cred. Pts 01 51144 S1 D PERSONAL FINANCIAL PLANN'G 1.00
51111
Personal financial planning (PFP) is becoming more and more important, both to individuals and to accountants in their offering of services to the public. Governments have made it very clear that the public sector will support retirees and the unemployed to a `safety-net' standard only. In addition, people increasingly will be asked to direct their superannuation savings. Accountants especially are responding to these social changes such that PFP is becoming an integral part of accountants' practices. Accountants need to be skilled in this area as part of their professional expertise. Individuals will have more comfortable lives if they plan and manage their finances skillfully.
In this unit students will be exposed to the financial planning process and the legal framework and responsibilities of planners. Wealth creation will be dealt with in some detail as will superannuation. Planning for retirement, protection of property and family and social security issues are included.
Upon completion of this unit students should be able to:
Description Weighting(%)
- The Financial Planning Process 10.00
- Legal Framework and Responsibilities of Planners 10.00
- Wealth Creation - Investment 20.00
- Wealth creation - Superannuation 20.00
- Retirement Income Streams 15.00
- Protection of Property and Family 15.00
- Social Security 10.00
ACTIVITY HOURS Directed Study 52 Private Study 93 Assessments 20
No *F/S Marks Due Description Wtg(%) LBL WWW 1 S 20.00 WK 3 IN-CLASS TEST 1 N N 2 S 20.00 WK 5 IN-CLASS TEST 2 N N 3 S 20.00 WK 9 IN-CLASS TEST 3 N N 4 S 20.00 WK 11 IN-CLASS TEST 4 N N 5 S 20.00 WK 13 IN-CLASS TEST 5 N N 6 S 20.00 WK 15 IN-CLASS TEST 6 N N 7 S 20.00 BEST 5 OUT OF 6 IN-CLASS TESTS 20.00 N N 8 F 16/03/01 CMA SELF-ASSESSMENT TEST 1 N N 9 F 23/03/01 CMA SELF-ASSESSMENT TEST 2 N N 10 F 30/03/01 CMA SELF-ASSESSMENT TEST 3 N N 11 F 30/03/01 CMA SELF-ASSESSMENT TEST 4 N N 12 F 06/04/01 CMA SELF-ASSESSMENT TEST 5 N N 13 F 13/04/01 CMA SELF-ASSESSMENT TEST 6 N N 14 F 04/05/01 CMA SELF-ASSESSMENT TEST 7 N N 15 F 11/05/01 CMA SELF-ASSESSMENT TEST 8 N N 16 F 18/05/01 CMA SELF-ASSESSMENT TEST 9 N N 17 F 25/05/01 CMA SELF-ASSESSMENT TEST 10 N N 18 F 25/05/01 CMA SELF-ASSESSMENT TEST 11 N N 19 F 01/06/01 CMA SELF-ASSESSMENT TEST 12 N N 20 F 01/06/01 CMA SELF-ASSESSMENT TEST 13 N N 21 F 08/06/01 CMA SELF-ASSESSMENT TEST 14 N N 22 S 20.00 21/05/01 ASSIGNMENT 20.00 Y N 23 S 100.00 END S1 3 HOUR FINAL EXAMINATION 60.00 N N
1 TO GAIN A PASSING GRADE IN THE UNIT A STUDENT MUST: a) obtain a
passing mark in aggregate for the unit's assessment items, AND b)
obtain a passing mark in the formal exam, AND c) submit genuine
attempts for the following MANDATORY item of assessment:
ASSIGNMENT
1.1 Assessment is made up as follows: a) your best five (5) out of
six (6) IN-CLASS TESTS will be counted as 20% in total. b)
Assignment = 20% c) Examination = 60%
2 Students must retain a copy of all pieces of assessment which
must be produced if/when required by the lecturer.
3 LATE ASSIGNMENTS
3.1 All assessments submitted after the due date (and not approved
for extension) in accordance with university policy will be
penalised 20% per working day.
3.2 If students submit assignments after the due date and wish to
claim extenuating circumstances then they shall provide validated
documentary evidence with the assignment, explaining the
circumstances.
3.3 The unit examiner shall consider the statement accompanying a
late assignment and decide on the outcome.
4 Assignments not submitted in the appropriate assignment folders
will be deemed as not being received.
5 DISHONEST ACTIONS
5.1 Any student who is alleged to having performed a dishonest action
relating to any assessment in the unit will have a course of
action taken against him/her as outlined in the Academic
Regulations.
5.2 Pieces of assessment should be the work of individual students.
Joint pieces of assessment are not permitted unless written
approval has been obtained from the unit leader.
5.3 Dishonest action in relation to assessment includes: copying or
attempting to copy the work of others; use of or attempting to
use information prohibited from use in that form of assessment;
submitting the work of another as your own; consciously
committing acts of plagiarism, ie taking and using another's
thoughts or writings as one's own with intent to deceive, which
occurs when paragraphs, sentences, a single sentence or
significant parts of a sentence which are copied directly, are
not enclosed in quotation marks and appropriately footnoted or
referenced in the text .direct quotations are not used, but text
is paraphrased or summarised, and the source of the material is
not acknowledged by footnoting or other reference in the text.
6 DEFERRED EXAMINATIONS
6.1 Deferred examinations will be granted at the Dean's discretion in
the case of medical or compassionate circumstances having regard
to item 1. If a deferred examination has been granted students
shall normally sit the deferred examination in the semester in
which the unit is next offered. If, for whatever reason, this
deferred examination is not taken then the student will be graded
`F'.
6.2 Medical evidence on the appropriate University of Southern
Queensland medical certificate or doctor's certificate must be
received by the Faculty Administrator no later than twenty-one
(21) days after examination date. A medical certificate must be
dated with the same date as the period of illness for which the
absence from examination is being sought and clearly indicate the
student's name and, if possible, student number. (Retrospective
medical certificates will not be accepted for either assignment
work or examinations.) Only original or certified medical
certificates will be accepted.
6.3 A student's medical condition must be stated clearly (IN
ENGLISH). (Certificates stating a student has a `Medical
Condition' may not be sufficient grounds for deferment of
examination). Medical evidence must cover the student for the
day(s) of the missed examination(s).
6.4 Requests must be in writing to the Faculty Administrator clearly
stating the student name and number, unit number of the
examination missed due to illness and current address. Deferral
of an examination CANNOT be granted on an existing deferral in
that unit.
6.5 Requests on grounds other than medical MUST BE supported by
documentation.
6.6 Students must have submitted a genuine attempt at all mandatory
assessment items.
6.7 Students who have a medical condition or have genuine
compassionate or work related problems on the day of the
examination are advised to obtain documentary evidence and NOT
attempt the examination. If a student makes an attempt at the
examination, the assessment item will be marked and a grade
awarded. In these cases, a student cannot, after receiving a
`Fail' grade, request a deferred examination or special
consideration.
7 Unit weightings of topics should not be interpreted as applying
to the number of marks allocated to questions testing those
topics in an examination paper. The examination may test material
already tested in assignments.
8 Mechanised erasers are not permitted in exam venues.
9 The examination will be restricted. Students will be allowed to
bring a quiet, battery-operated non-programmable calculator into
the examination. Dictionaries are NOT to be used in the
examination.
10 Students should also refer to the Faculty of Commerce `Guide to
Policies and Procedures' section of the University Handbook or
Information Bulletin for further information on the above
matters.