ACCG840: Personal Financial Planning
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Lecturer in charge |
Mr Nidal Danoun |
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Handbook |
Description
Almost all people are vitally concerned about their financial well-being. Most will seek professional assistance in relation to one or many aspects of their financial welfare and it is incumbent on professionals in the finance/accounting sector to have a broad understanding of personal financial planning, both for their own benefit and for that of their clients. While not suggesting that all should be licensed financial advisers or holders of proper authorities, this unit will cover those areas of financial planning which are most frequently addressed and provide the opportunity to explore some interesting strategies and investment opportunities.These strategies will generally take the form of case studies and students will explore potential solutions to some challenging financial situations in which their future clients may find themselves. There will be scope within the Group Project to examine in detail an aspect of the course which might stimulate interesting strategy suggestions and much of the course should be of immediate or imminent personal interest to students. The unit will also explore the legal requirements, constraints and limitations on providing advice in the general course of business, both with and without being an authorised representative.
Topics
- The Financial Planning Environment
- Licensing, Compliance and Ethics
- Tax Planning
- Managed Investments & Securities
- Listed Investments & Securities
- Asset allocation & Investment strategies
- Diversification and risk management
- Gearing & Leverage
- The Superannuation Environment
- Self Managed Superannuation Funds
- Retirement Planning &Retirement Income
- Estate Planning
- Social Security
- Risk Management & Insurance
- Statement of Advise Construction