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  2. Personal Finance [ECF3510]

School: Business and Law

This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.

Please note that given the circumstances of COVID-19, there may be some modifications to the assessment schedule promoted in Handbook for Semester 1 2020 Units. Students will be notified of all approved modifications by Unit Coordinators via email and Unit Blackboard sites. Where changes have been made, these are designed to ensure that you still meet the unit learning outcomes in the context of our adjusted teaching and learning arrangements.

  • Unit Title

    Personal Finance

  • Unit Code

    ECF3510

  • Year

    2020

  • Enrolment Period

    1

  • Version

    3

  • Credit Points

    15

  • Full Year Unit

     N

  • Mode of Delivery

    On Campus
    Online

  • Unit Coordinator

    Dr Nader M.a. ATAWNAH

Description

This unit examines the issues involved in personal financial planning and the provision of personal financial advice. The focus is on the accumulation phase of personal financial planning - up to the point of retirement. The regulatory environment is also examined. The financial principles of the time value of money, and risk and return are developed and applied.

Prerequisite Rule

Students must have passed ECF1120.

Learning Outcomes

On completion of this unit students should be able to:

  1. Analyse clients’ current financial status and future wealth goals for various client scenarios.
  2. Develop alternative investment strategies to achieve clients’ stated goals.
  3. Analyse the potential risks and returns likely to impact the achievement of clients’ goals.
  4. Design financial plans that comply with industry and regulatory requirements and are tax-effective.

Unit Content

  1. The structure and regulation of the financial planning industry in Australia.
  2. Investment products and strategies for accumulation of personal financial wealth.
  3. Financial calculations relating to personal investment products.
  4. Preparation of income tax estimates for individuals and couples.
  5. The structure and content of personal financial plans.
  6. The impact of insurances, estate planning, social security and superannuation on personal financial plans.

Learning Experience

ON-CAMPUS

Students will attend on campus classes as well as engage in learning activities through ECU Blackboard.

JoondalupMount LawleySouth West (Bunbury)
Semester 113 x 3 hour seminarNot OfferedNot Offered

For more information see the Semester Timetable

ONLINE

Students will engage in learning experiences through ECU Blackboard as well as additional ECU learning technologies.

Additional Learning Experience Information

Lectures are used to introduce the central concepts of the unit and to develop worked examples. Engaged teaching and learning is encouraged via extensive use of realistic case studies and scenarios. Online Regular online access is required.

Assessment

GS1 GRADING SCHEMA 1 Used for standard coursework units

Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant Board of Examiners.

ON CAMPUS
TypeDescriptionValue
AssignmentAssignment 125%
AssignmentAssignment 225%
ExaminationFinal Examination50%
ONLINE
TypeDescriptionValue
AssignmentAssignment 125%
AssignmentAssignment 225%
ExaminationFinal examination50%

Core Reading(s)

  • McKeown, W., Kerry, M., & Olynyk, M. (2017). Financial Planning (2nd udpate edition). Milton, Qld: John Wiley & Sons Australia Ltd. Retrieved from https://ebookcentral.proquest.com/lib/ECU/detail.action?docID=4857365
  • Taylor, S. (2017). Financial planning in Australia (2nd ed.). Chatswood, N.S.W.: LexisNexisButterworths. Retrieved from https://ecu.on.worldcat.org/oclc/959921913?databaseList=638

Disability Standards for Education (Commonwealth 2005)

For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Access and Inclusion website.

Academic Misconduct

Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:

  • plagiarism;
  • unauthorised collaboration;
  • cheating in examinations;
  • theft of other students' work;

Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.

The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.

ECF3510|3|1

School: Business and Law

This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.

Please note that given the circumstances of COVID-19, there may be some modifications to the assessment schedule promoted in Handbook for this unit. All assessment changes will be published by 27 July 2020. All students are reminded to check handbook at the beginning of semester to ensure they have the correct outline.

  • Unit Title

    Personal Finance

  • Unit Code

    ECF3510

  • Year

    2020

  • Enrolment Period

    2

  • Version

    3

  • Credit Points

    15

  • Full Year Unit

     N

  • Mode of Delivery

    On Campus
    Online

  • Unit Coordinator

    Dr Nader M.a. ATAWNAH

Description

This unit examines the issues involved in personal financial planning and the provision of personal financial advice. The focus is on the accumulation phase of personal financial planning - up to the point of retirement. The regulatory environment is also examined. The financial principles of the time value of money, and risk and return are developed and applied.

Prerequisite Rule

Students must have passed ECF1120.

Learning Outcomes

On completion of this unit students should be able to:

  1. Analyse clients’ current financial status and future wealth goals for various client scenarios.
  2. Develop alternative investment strategies to achieve clients’ stated goals.
  3. Analyse the potential risks and returns likely to impact the achievement of clients’ goals.
  4. Design financial plans that comply with industry and regulatory requirements and are tax-effective.

Unit Content

  1. The structure and regulation of the financial planning industry in Australia.
  2. Investment products and strategies for accumulation of personal financial wealth.
  3. Financial calculations relating to personal investment products.
  4. Preparation of income tax estimates for individuals and couples.
  5. The structure and content of personal financial plans.
  6. The impact of insurances, estate planning, social security and superannuation on personal financial plans.

Learning Experience

ON-CAMPUS

Students will attend on campus classes as well as engage in learning activities through ECU Blackboard.

JoondalupMount LawleySouth West (Bunbury)
Semester 113 x 3 hour seminarNot OfferedNot Offered

For more information see the Semester Timetable

ONLINE

Students will engage in learning experiences through ECU Blackboard as well as additional ECU learning technologies.

Additional Learning Experience Information

Lectures are used to introduce the central concepts of the unit and to develop worked examples. Engaged teaching and learning is encouraged via extensive use of realistic case studies and scenarios. Online Regular online access is required.

Assessment

GS1 GRADING SCHEMA 1 Used for standard coursework units

Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant Board of Examiners.

ON CAMPUS
TypeDescriptionValue
AssignmentAssignment 125%
AssignmentAssignment 235%
ExerciseFinal Assessment40%
ONLINE
TypeDescriptionValue
AssignmentAssignment 125%
AssignmentAssignment 235%
ExerciseFinal Assessment40%

Core Reading(s)

  • McKeown, W., Kerry, M., & Olynyk, M. (2017). Financial Planning (2nd udpate edition). Milton, Qld: John Wiley & Sons Australia Ltd. Retrieved from https://ebookcentral.proquest.com/lib/ECU/detail.action?docID=4857365
  • Taylor, S. (2017). Financial planning in Australia (2nd ed.). Chatswood, N.S.W.: LexisNexisButterworths. Retrieved from https://ecu.on.worldcat.org/oclc/959921913?databaseList=638

Disability Standards for Education (Commonwealth 2005)

For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Access and Inclusion website.

Academic Misconduct

Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:

  • plagiarism;
  • unauthorised collaboration;
  • cheating in examinations;
  • theft of other students' work;

Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.

The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.

ECF3510|3|2