306-312 Personal Financial Management

Prerequisite/s:

Timetable:

Contact:

Objectives:

On completion of this subject a student should:

• develop a conceptual framework for analysis of personal financial decision making;

• be able to identify and analyse alternative investment options available to individuals;

• understand the impact of government policy on personal financial strategy;

• know the alternative methods of financing personal business activities and their implications;

• be able to prepare a personal financial plan.

• understand the impact of taxation upon personal financial planning;

• be aware of issues involved in retirement planning.

Content:

This subject is aimed at students envisaging a career as a financial adviser, as well as providing a basis for future personal financial decision making. The role of the human life-cycle upon personal financial requirements; the role of financial advisers in constructing an appropriate personal financial policy. Alternative investment options and sources of finance (including analysis of risk and effective return), with particular attention to retirement planning and the impact of taxes and government incentives. Real estate investment alternatives and small business financing.

Assessment:

Prescribed Texts:

To be advised.