Financial Planning 1
Gold Coast, Australia
Area of Study
Economics, Financial Management
Taught In English
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Recommended U.S. Semester Credits3 - 4
Recommended U.S. Quarter Units4 - 6
Hours & Credits
This course provides students with a broad overview of personal financial planning and what is required of a financial planner. It also provides students with an opportunity to practically apply the knowledge and skills learnt in this subject to a real-life financial planning task.
This course covers a wide range of topics that a financial planner may consider when developing a financial plan (known as a Statement of Advice) for a client. This includes wealth creation, wealth protection, taxation and estate planning strategies, as well as other valuable knowledge and financial planning skills that students can use in both their professional and personal lives.
While this course is intended as a foundation course for students completing the Financial Planning major, students choosing to do this course as an elective will also find this course useful. For students completing the Financial Planning major, the knowledge and skills gained in this course are developed further throughout the Program.
The aim of Financial Planning 1 is to develop a strong foundation for students wishing to pursue a career in the financial services industry, as well as providing invaluable knowledge and skills in personal finance. The course is a pre-requisite for a number of courses in the Program, which further develop the knowledge and skills gained in this course.
Upon completion of this course, students should have an understanding of the regulatory framework governing the Australian financial services industry and possess basic financial planning skills in investment advice and strategies, superannuation, risk management and insurance, taxation and estate planning. This is reflected in the learning outcomes below.
After successfully completing this course you should be able to:
1 Explain how financial planners are regulated and their legal obligations when providing advice to a client
2 Perform a range of present and future value calculations
3 Identify, evaluate and apply appropriate taxation strategies
4 Identify, evaluate and apply appropriate wealth creation strategies
5 Identify, evaluate and apply appropriate wealth protection strategies
6 Identify, evaluate and apply appropriate estate planning strategies
Online Quizzes-Weighted 20%/20
Courses and course hours of instruction are subject to change.
Eligibility for courses may be subject to a placement exam and/or pre-requisites.
Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.