Course Description
Overview of the financial planning process for individuals and families. Topics include external planning consideration, financial planning statements, cash flow management, time value of money, and planning with respect to education, insurance, investments, tax, retirement, and estate transfers. Through classroom lecture, examination, and assignments, the students will gain an understanding of how the financial planning process can benefit families and individuals.
Athena Title
Survey of Financial Planning
Equivalent Courses
Not open to students with credit in FHCE 3250
Non-Traditional Format
This course will be taught 95% or more online.
Grading System
A - F (Traditional)
Course Objectives
· Understand the importance of financial planning for individuals and families in goal attainment · Demonstrate the ability to provide clients with an evaluation of their current financial situation with regard to their goals and objectives · Utilize and demonstrate proficiency in using time value of money concepts in planning · Identify strengths and weaknesses in a client’s initial situation and determine opportunities for problem solving · Implement goal funding, including determination of realistic targets, and the use of specialized techniques available for education, retirement, and other goals · Understand basic investment topics (including investment types, risk and return, diversification, passive versus active management) and specific investment strategies necessary to allow clients a mechanism to achieve realistic goals · Be able to match goals, risk tolerance, and other client characteristics to the portfolio allocation decision · Know how to incorporate risk management techniques, including protecting assets, standard of living and wealth · Understand the evolution and regulation of the financial services industry and that of the financial planning profession
Topical Outline
Financial planning process Tools and techniques of spreadsheet analysis in financial planning External and internal environment Personal financial statements Time value of money Education funding Insurance and risk analysis Social Security benefits Investment planning Personal income tax planning
Syllabus