This subject is designed for students seeking to manage their own finances in a planned, comprehensive approach as well as those seeking to pursue a career in the financial planning industry. Upon successful completion, you will be able to develop and use financial plans, understand the range of financial products and services available and formulate competent recommendations for individual or household finances.
|Academic unit:||Bond Business School|
|Subject title:||Personal Investment|
Delivery & attendance
|Attendance and learning activities:||Attendance at all class sessions is expected. Students are expected to notify the instructor of any absences with as much advance notice as possible.|
|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:
- Demonstrate an in-depth knowledge and understanding of the role of the financial planner/investments advisor in the development of an individual’s wealth creation. Including the process, concepts, principles and theories of personal finance.
- Demonstrate an advanced understanding of the regulatory requirements and professional ethics applicable to financial planning professionals.
- Create effective, measurable and achievable financial goals and apply appropriately tailored financial strategies to achieve an individual’s unique goals.
- Professionally prepare and analyse comprehensive personal financial statements to evaluate financial performance and personal wealth of a client.
- Apply advanced knowledge and skills in financial planning to assess an individual’s financial situation and design an effective, professional financial strategy that achieves the client’s objectives.
- Demonstrate the ability to work together as a financial advisory team to prepare a comprehensive financial plan.
- Demonstrate the ability to produce a written report that demonstrates higher order understanding of financial planning.
|Project §||Teams of 3-4 work as financial planners to prepare and present a comprehensive financial plan. A peer evaluation system will be used to assess the performance of each group member.||30%||Ongoing||1, 2, 3, 4, 5, 6, 7.|
|Paper-based Examination (Closed)||Comprehensive final examination consisting of both short answer and analytical questions.||35%||Final Examination Period||1, 2, 3, 4, 5.|
|Paper-based Examination (Closed)||Mid-semester examination consisting of short answer and analytical questions.||35%||Week 6 (Mid-Semester Examination Period)||1, 2, 3, 4, 5.|
- § 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
This subject is required for ASIC RG146 accreditation in conjunction with FINC71-600 Managerial Finance. A peer-evaluation system will be used in this subject to help determine the individual marks for all group assessments. As part of the requirements for Business School quality accreditation, the Bond Business School employs 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.
The contemporary financial planning and advisory landscape is explored. In-depth coverage of the legislative requirements of licence holders and authorised representatives are discussed. The client advisor relationship from the perspective of both ethical and professional conduct standards and duty of care legal requirements are covered. An overview of the steps in the financial planning process and in-depth goal setting are applied to case scenarios.
Develops the ability to prepare, interpret and use personal balance sheets and cash flow statements to calculate the individual or family unit’s financial health. Key financial ratios are applied to an individual wealth to assist the development of financial wealth creation strategies and monitor performance
Considers the essential aspects of personal taxation from both a domestic and international perspective. The basics of a progressive personal income tax system, calculation of capital gains tax, salary packaging and fringe benefits tax are reviewed and applied to individual scenarios. Taxation of share investments particularly the dividend imputation system is covered.
Factors that affect the suitability of effective investment structures to safeguard assets and minimise tax are explored in a case context. The taxation advantages and disadvantage of both holding assets and deriving income via individual tax structures, partnerships, companies and different types of trust are determined in case-specific context to develop the ability to offer sound financial advice.
The comprehensive personal risk management process is reviewed and applied to the individual’s personal circumstances, including appropriate methods to estimate the amount and level of insurance required. Personal (life), property and third-party insurance needs of the individual are reviewed and applied.
The three phases of the superannuation (pension planning) process; contribution, accumulation and benefits are examined. Technical terms and their application to case scenarios such as concessional and non-concessional contributions, suitable investments for superannuation including coverage of rules of compliant and non-compliant funds are discussed. Rules for accessing retirement benefits and conditions of release followed by types and taxation of benefit withdrawals are also considered.
Accumulating wealth through the investment process is explored with emphasis on diversification to manage risk exposure. Emphasis on evaluating investment performance via ratios and other available criteria are applied to managed investment vehicles, including alternative investments.
Eligibility for different types of social security payments during the individual household’s lifecycle as either supplements or substitutes for income and discussed. Emphasis on age pension eligibility via calculation of the assets and income test are covered. Strategies to maximise the individual’s ability to obtain a full or partial pension are explored.
The steps in the estate planning process including the identification of estate and non-estate assets, the creation of a valid will, guardians for dependents, are examined.