This subject applies the principals of finance in the context of individual and household planning and investment decisions. It is aimed at both students who want to effectively manage their own finances in a comprehensive and planned way and those who are seeking a strong introductory basis on which to pursue a career in the financial planning industry. To this end it addresses the need for making rational and well-informed financial decisions at the individual or 'personal' level. Students are expected to develop and use financial plans, understand the range of financial products and services available to them, and master techniques required to formulate competent recommendations for the individual or household. Topics covered include the financial fundamentals, the financial services regulatory framework, professional and ethical skills, consumer finance, taxation issues, tax effective investment vehicles, risk management process including insurance, personal investment in securities and real estate, both directly and indirectly through managed funds and other pooled investment vehicles, and superannuation and retirement planning, including appropriate aspects of social security and estate planning. This course is required for ASIC RG146 accreditation in conjunction with FINC71-600 Managerial Finance.
|Academic unit:||Bond Business School|
|Subject title:||Personal Investment|
Delivery & attendance
|Prescribed resources:|| |
|[email protected] & Email:||[email protected] is the online learning environment at Bond University and is used to provide access to subject materials, lecture recordings and detailed subject information regarding the subject curriculum, assessment and timing. Both iLearn and the Student Email facility are used to provide important subject notifications. Additionally, official correspondence from the University will be forwarded to students’ Bond email account and must be monitored by the student.|
To access these services, log on to the Student Portal from the Bond University website as www.bond.edu.au
Assurance of learning
Assurance of Learning means that universities take responsibility for creating, monitoring and updating curriculum, teaching and assessment so that students graduate with the knowledge, skills and attributes they need for employability and/or further study.
At Bond University, we carefully develop subject and program outcomes to ensure that student learning in each subject contributes to the whole student experience. Students are encouraged to carefully read and consider subject and program outcomes as combined elements.
Program Learning Outcomes (PLOs)
Program Learning Outcomes provide a broad and measurable set of standards that incorporate a range of knowledge and skills that will be achieved on completion of the program. If you are undertaking this subject as part of a degree program, you should refer to the relevant degree program outcomes and graduate attributes as they relate to this subject.
Subject Learning Outcomes (SLOs)
On successful completion of this subject the learner will be able to:
- Identify the role of the financial planner or investment advisor.
- Appreciate the regulatory environment that financial planners operate within and their professional and ethical requirements.
- Understand the six steps in the financial planning process and how to undertake these as a professional financial services provider.
- Describe and prepare a set of effective, measurable and achievable financial goals.
- Prepare and analyse comprehensive personal financial statements to evaluate financial performance and personal wealth.
- Demonstrate a sound knowledge of the Australian tax system and effective tax structures and the Australian superannuation system.
- Demonstrate the understanding of the relationship between risk and return and the various types of investment categories.
- Recognize characteristics of managed funds and comprehend the significance of this investment tool in today's investment market.
- Estimate your retirement needs and analyse your current position in superannuation, insurance needs, and social security benefits.
- Prepare a comprehensive financial plan for individuals and family units with supporting calculations and sound recommendations.
|Case Analysis §||Students can self select into diverse teams of up to 4 members. They will work together to analyse and produce an effective solution (case study/ statement of advice) for a particular family situation (case). Every topic will need to be addressed in the study and as such should be built upon each week. Students are to illustrate critical thinking and analysis as well as effective team work. Mini milestones will be set and are expected to be adhered to.||32%||Ongoing||3, 4, 5, 6, 7, 8, 9, 10.|
|*Class Participation §||Class Participation & Assignment Milestones||8%||Weekly||1, 2, 3, 4, 5, 6, 7, 8, 9, 10.|
|Paper-based Examination (Closed)||Mid-semester Examination||35%||Mid-Semester Examination Period||1, 2, 3, 4, 5, 6.|
|*In-Class Quiz - Individual||Quiz 1||13%||Week 10||7, 8.|
|*In-Class Quiz - Individual||Quiz 2||12%||Week 12||9, 10.|
In order to achieve a passing grade in this subject, students are required to achieve a satisfactory grade in each piece of assessment.
- § Indicates group/teamwork-based assessment
- * Assessment timing is indicative of the week that the assessment is due or begins (where conducted over multiple weeks), and is based on the standard University academic calendar
- C = Students must reach a level of competency to successfully complete this assessment.
|High Distinction||85-100||Outstanding or exemplary performance in the following areas: interpretative ability; intellectual initiative in response to questions; mastery of the skills required by the subject, general levels of knowledge and analytic ability or clear thinking.|
|Distinction||75-84||Usually awarded to students whose performance goes well beyond the minimum requirements set for tasks required in assessment, and who perform well in most of the above areas.|
|Credit||65-74||Usually awarded to students whose performance is considered to go beyond the minimum requirements for work set for assessment. Assessable work is typically characterised by a strong performance in some of the capacities listed above.|
|Pass||50-64||Usually awarded to students whose performance meets the requirements set for work provided for assessment.|
|Fail||0-49||Usually awarded to students whose performance is not considered to meet the minimum requirements set for particular tasks. The fail grade may be a result of insufficient preparation, of inattention to assignment guidelines or lack of academic ability. A frequent cause of failure is lack of attention to subject or assignment guidelines.|
For the purposes of quality assurance, Bond University conducts an evaluation process to measure and document student assessment as evidence of the extent to which program and subject learning outcomes are achieved. Some examples of student work will be retained for potential research and quality auditing purposes only. Any student work used will be treated confidentially and no student grades will be affected.
Students must check the [email protected] subject site for detailed assessment information and submission procedures.
Policy on late submission and extensions
A late penalty will be applied to all overdue assessment tasks unless an extension is granted by the subject coordinator. The standard penalty will be 10% of marks awarded to that assessment per day late with no assessment to be accepted seven days after the due date. Where a student is granted an extension, the penalty of 10% per day late starts from the new due date.
Policy on plagiarism
University’s Academic Integrity Policy defines plagiarism as the act of misrepresenting as one’s own original work: another’s ideas, interpretations, words, or creative works; and/or one’s own previous ideas, interpretations, words, or creative work without acknowledging that it was used previously (i.e., self-plagiarism). The University considers the act of plagiarising to be a breach of the Student Conduct Code and, therefore, subject to the Discipline Regulations which provide for a range of penalties including the reduction of marks or grades, fines and suspension from the University.
Feedback on assessment
Feedback on assessment will be provided to students within two weeks of the assessment submission due date, as per the Assessment Policy.
If you have a disability, illness, injury or health condition that impacts your capacity to complete studies, exams or assessment tasks, it is important you let us know your special requirements, early in the semester. Students will need to make an application for support and submit it with recent, comprehensive documentation at an appointment with a Disability Officer. Students with a disability are encouraged to contact the Disability Office at the earliest possible time, to meet staff and learn about the services available to meet your specific needs. Please note that late notification or failure to disclose your disability can be to your disadvantage as the University cannot guarantee support under such circumstances.
Additional subject information
Exam, quizzes and the major case study will cover material from the text, lecture, class handouts and workshops. Students are permitted (and encouraged) to use financial calculators, the internet and computers in all their work.