Banking, Finance and Related (FINC)

FINC 1001  Management Accounting Fundamentals  (10 Credit Points)  
Legacy Code: 200116  

This unit provides an introduction to management accounting in an e-commerce environment. The interrelations of management accounting to other functional areas, to suppliers, to customers, and to other sources of external information relevant to planning and control are examined. Topics include the development and logic of routine and non-routine analysis performed to support management decision making.

Level: Undergraduate Level 1 subject  
Pre-requisite(s): ACCT 1007  
Restrictions: Please see the Subject Details page for any restrictions for this subject  
FINC 1003  Professional Relationships and Communication in Business  (10 Credit Points)  
Legacy Code: 200747  

This unit will introduce students to and assist them in the development of a broad range of necessary skills required by today's professional advisers. Such skills are highly valued, transferable and universally recognised in the world of work and will assist students in managing their day to day relationships with clients and colleagues. Skills include: * Creation and on going maintenance of the client adviser relationship and a recognition of the importance of trust as the foundation of that relationship; * Identification of the broad needs of clients and an appreciation of differing levels of client financial literacy; * Communication and interpersonal skills which contribute to productive relationships with clients and colleagues; * Professional/Academic research and writing skills; * Enhanced team based skills that contribute to productive working relationships and outcomes.

Level: Undergraduate Level 1 subject  
Equivalent Subjects: LGYA 4516 - Financial Advisory Relationships  
Restrictions: Please see the Subject Details page for any restrictions for this subject  
FINC 2002  Personal Asset Management  (10 Credit Points)  
Legacy Code: 200265  

This unit provides students with necessary knowledge and skills to construct and manage a portfolio of personal assets. Emphasis is placed on how the individual, rather than the firm, approaches financing and investing decisions. The unit will consider the theories of portfolio construction, concepts of investment risk, return and diversification, matching asset allocation based on client's individual risk profile, design and management of a personal investment portfolio and the law as it relates to investments.

Level: Undergraduate Level 2 subject  
Incompatible Subjects: LGYB 6459 - Investments  
Restrictions: Please see the Subject Details page for any restrictions for this subject  
FINC 3001  Bank Management  (10 Credit Points)  
Legacy Code: 200818  

Bank Management provides students with an understanding of modern banking by identifying the main types of risk confronted by banks and applying relevant techniques to measure and manage those risks. Students will recognise that the risks faced, and the methods and markets through which these risks are managed, are similar for the managers of other types of financial institutions such as building societies, investment banks and insurance companies as well as, to some extent, non-financial corporates. Consequently, the unit will prepare students for careers throughout the financial services sector and will also be beneficial for other business professionals.

Level: Undergraduate Level 3 subject  
Restrictions: Please see the Subject Details page for any restrictions for this subject  
FINC 3002  Behavioural Finance  (10 Credit Points)  
Legacy Code: 200518  

Traditional theories of finance are based the assumption that investors are both rational and utility maximizing. The Efficient Markets Hypothesis in particular has assumptions about investor behaviour which underpin its key predictions. The tenants of beharioural finance disputes the validity of these assumptions. This unit challenges traditional theory by examining how decision making and investor behaviour may be driven by personal and market psychology.

Level: Undergraduate Level 3 subject  
Restrictions: Please see the Subject Details page for any restrictions for this subject  
FINC 3004  Financial Planning  (10 Credit Points)  
Legacy Code: 200627  

The unit endeavours to provide students with an understanding of the complex process and contextualisation of the Australian Financial Planning Industry. This unit aims to introduce students to the principles of personal financial planning and the provision of personal financial advice including the preparation of a Statement of Advice (SOA). Topics covered include the current Australian regulatory environment, strategies for the accumulation of wealth and risk protection, retirement planning, estate planning, taxation consequences, debt and credit management and home ownership. This unit meets ASIC requirements (PS146) in relation to both knowledge and skills.

Level: Undergraduate Level 3 subject  
Pre-requisite(s): ECON 2002  
Equivalent Subjects: FINC 3005 - Financial Planning  
Restrictions: Please see the Subject Details page for any restrictions for this subject  
FINC 3006  Insurance Advising - Theory and Practice  (10 Credit Points)  
Legacy Code: 200272  

This unit provides a substantial grounding in the theories and practices of insurance and risk management so as to enable students to make knowledgeable and sound risk management decisions, to understand advisory functions and the role and legal obligations of the adviser in the insurance process. The course is useful to students who wish to increase their knowledge generally of personal risk management but also for students specifically interested in the insurance aspects of the financial planning process. The unit is designed to include an understanding and exploration of managing personal risk, the operation of insurance markets, regulation, insurance products including life, general, health and mandated policies and recommendations for using insurance products for individuals, their families and small business.

Level: Undergraduate Level 3 subject  
Equivalent Subjects: LGYB 6470 - Insurance and Risk Management  
Restrictions: Please see the Subject Details page for any restrictions for this subject  
FINC 3007  International Property  (10 Credit Points)  
Legacy Code: 200545  

This unit examines international property, with particular attention given to international property investment and the factors influencing international property markets. The development of international property markets is assessed, including the structure of mature, developing and emerging property markets. The performance analysis of both direct and indirect international property is also examined to assess the strategic contribution of international property in an investment portfolio.

Level: Undergraduate Level 3 subject  
Restrictions: Please see the Subject Details page for any restrictions for this subject  
FINC 3008  Investment Management  (10 Credit Points)  
Legacy Code: 200819  

Investment Management describes the theory and practice of investment decision-making. The general objective of the unit is to introduce students to the tools of financial investment by providing a conceptual framework within which the key financial decision of investment can be analysed. This unit provides an overview of the theory of investing by describing investor indifference curves and optimal portfolios. The unit will include evaluating asset allocation, security selection and security analysis within an active portfolio management framework, measuring portfolio performance and security selection decisions.

Level: Undergraduate Level 3 subject  
Incompatible Subjects: ECON 3015 - Investment Management ECON 3020 - Portfolio Management  
Restrictions: Please see the Subject Details page for any restrictions for this subject  
FINC 3009  Property Finance  (10 Credit Points)  
Legacy Code: 200875  

The aim of this unit is to provide insight into property finance in Australia and overseas. Students critically review equity and debt financing and examine the financing alternatives available, as well as methods for evaluating these alternatives. Students also examine the impact of debt financing on a property and evaluate the taxation aspects of property transactions. In addition, students gain both a theoretical and an applied understanding of an after-tax cash flow projection in this unit. International property finance is also addressed.

Level: Undergraduate Level 3 subject  
Equivalent Subjects: LGYB 6469 Property Finance and Tax FINC 3010 Property Finance and Tax  
Restrictions: Please see the Subject Details page for any restrictions for this subject  
FINC 3011  Property Investment  (10 Credit Points)  
Legacy Code: 200749  

Property Investment addresses critical issues in property investment analysis. The characteristics and fundamentals of property investment will be addressed. Students will learn and apply the concepts of property economics, market analysis, valuation, financial analysis and risk analysis in making property investment decision. The subject pays special attention to the discounted cash flow method as the basis of analysis for investment properties. Finally, students will be introduced to property finance, taxation and international property investment issues.

Level: Undergraduate Level 3 subject  
Equivalent Subjects: LGYA 4694 - Property Investment  
Restrictions: Please see the Subject Details page for any restrictions for this subject  
FINC 3013  Property Portfolio Management  (10 Credit Points)  
Legacy Code: 200873  

This unit examines the role of property in an investment portfolio, with particular attention given to property portfolio performance analysis and property investment strategy. Indirect property investment vehicles in Australia and overseas are assessed, including Real Estate Investment Trusts, property syndicates, property securities funds and unlisted property funds. The performance analysis of both direct and indirect property is also examined to assess the strategic contribution of property to an investment portfolio.

Level: Undergraduate Level 3 subject  
Equivalent Subjects: FINC 3012 Property Portfolio Analysis (V2) LGYA 4695 Property Portfolio Analysis (V2)  
Restrictions: Please see the Subject Details page for any restrictions for this subject  
FINC 3014  Retirement and Succession Planning  (10 Credit Points)  
Legacy Code: 200899  

Retirement and Succession Planning aims to provide a study of the legislative framework and financial planning issues that impact on advice and decisions relating to retirement planning and estate and succession planning. The unit focuses on identifying practical and strategic planning opportunities and outcomes. The unit will be run with students discussing case studies and preparing critical analysis reports on contemporary issues. Successful completion of the unit will introduce students to retirement planning and superannuation concepts which could lead to careers in these fields.

Level: Undergraduate Level 3 subject  
Pre-requisite(s): LAWS 1004  
Restrictions: Please see the Subject Details page for any restrictions for this subject  
FINC 3015  Security Analysis and Business Valuation  (10 Credit Points)  
Legacy Code: 200921  

This unit analyses companies from a fundamental perspective in order to derive an intrinsic value for securities. The focus is on the attempt by active investors to identify mispriced securities using publicly available information, company reports and financial market information. The analytical techniques of financial statement analysis (e.g. fundamental analysis, free cash flow analysis and pro-forma analysis) and the issue of the "reliability" and "quality" of publicly available information are discussed and explored. Those contemplating careers in investment banking, financial consulting, trust funds, superannuation funds, hedge funds, and brokerage firms will find this applied unit both useful and interesting.

Level: Undergraduate Level 3 subject  
Pre-requisite(s): ECON 2002  
Restrictions: Please see the Subject Details page for any restrictions for this subject  
FINC 7001  Communication and Ethics for Financial Planners  (10 Credit Points)  
Legacy Code: 201008  

Students are immersed in an ethical framework in which to practice an array of essential skills required, by financial advisers, to create and maintain professional client adviser relationships. The unit investigates the importance of interpersonal skills and various approaches to dealing with the broad needs of clients - communication, psychological aspects of client decision making, culture and the creation of trust in the adviser -client relationship. This unit also includes professional writing skills, team work, time management, financial literacy and the promotion of professional services.

Level: Postgraduate Coursework Level 7 subject  
Equivalent Subjects: FINC 7002 - Communication and Ethics for Financial Planner  
Incompatible Subjects: FINC 7004 - Financial Adviser Skills  
Restrictions: Please see the Subject Details page for any restrictions for this subject  
FINC 7002  Communication and Ethics for Financial Planners (EO)  (10 Credit Points)  
Legacy Code: 900660  
Level: Postgraduate Coursework Level 7 subject  
Restrictions: Please see the Subject Details page for any restrictions for this subject  
FINC 7004  Financial Adviser Communication Skills  (10 Credit Points)  
Legacy Code: 200987  

In this practical unit students develop the ability to write up a risk profile with objectives for clients with varying needs. Students analyse investment decisions and provide advice to clients which is informed by regulatory issues relevant to the finance industry. Students are required to demonstrate the ability to create a Statement of Advice for clients of different risk preference and investor profile.

Level: Postgraduate Coursework Level 7 subject  
Equivalent Subjects: BUSM 7007 - Business Communication Skills  
Incompatible Subjects: FINC 7001 - Communication and Ethics for Financial Planners  
Restrictions: Please see the Subject Details page for any restrictions for this subject  
FINC 7005  Financial Adviser Communication Skills (EO)  (10 Credit Points)  
Legacy Code: 900654  
Level: Postgraduate Coursework Level 7 subject  
Restrictions: Please see the Subject Details page for any restrictions for this subject  
FINC 7006  Financial Modelling  (10 Credit Points)  
Legacy Code: 51054  

This unit is essential in preparing students for applied financial analysis and modelling applications used extensively in a number of postgraduate finance units. It familiarises students with the strengths and limitations of contemporary quantitative modelling techniques using multivariate statistical procedures and optimisation approaches. Students are also familiarised with relevant software.

Level: Postgraduate Coursework Level 7 subject  
Restrictions: Please see the Subject Details page for any restrictions for this subject  
FINC 7007  Financial Planning Research Project  (10 Credit Points)  
Legacy Code: 200959  

Financial Planning Research Project encompasses a major research project and presentation. This equips students with skills to address challenges through research and the ability to apply knowledge developed in earlier units of study. This student-centered unit provides supervision of research and analytical practices to enhance skill development and capacity to engage with the problems confronting the financial planning industry. Students will have scope to focus on issues that are of particular concern to the financial planning industry. As an integrating unit, it demands participants bringing their knowledge together and with curiosity to develop recommendations in a format that can showcase their achievements.

Level: Postgraduate Coursework Level 7 subject  
Restrictions: Please see the Subject Details page for any restrictions for this subject  
FINC 7008  Financial Products and Markets  (10 Credit Points)  
Legacy Code: 200986  

This unit introduces students to the wide range of investment products and financial securities. Importantly, it develops students' ability to analyse investment opportunities and understand their respective risk and reward profiles. Students will also develop the computational skills necessary for transactions in financial markets, which enable an informed comparison of securities for the purposes of investment decisions.

Level: Postgraduate Coursework Level 7 subject  
Restrictions: Please see the Subject Details page for any restrictions for this subject  
FINC 7009  Financial Products and Markets (EO)  (10 Credit Points)  
Legacy Code: 900653  
Level: Postgraduate Coursework Level 7 subject  
Restrictions: Please see the Subject Details page for any restrictions for this subject  
FINC 7010  Insurance and Risk Management  (10 Credit Points)  
Legacy Code: 200870  

This unit introduces students to the use of a range of insurance types and products to manage risk for individuals and small business. It aims to identify, evaluate and manage risk as part of the financial planning process to produce a compliant statement of advice. A number of risk management strategies are identified and the importance of life insurance, total and permanent disablement, trauma policies, property insurance, health cover, income protection and business insurance in managing risk is addressed. The unit provides an understanding of the various issues that can arise with respect to insurance policies and premiums and uses both the multiple and needs analysis approaches to calculate the level of cover required. A holistic approach to the risk management process is provided where a variety of insurance covers are considered in the context of a full financial plan that is adequate and affordable to the client and their specific needs as identified in the data collection process.

Level: Postgraduate Coursework Level 7 subject  
Pre-requisite(s): FINC 7020 AND
FINC 7011 OR
FINC 7008
  
Equivalent Subjects: LGYB 6488 Insurance and Risk Management (PG)  
Restrictions: Please see the Subject Details page for any restrictions for this subject  
FINC 7011  Investment Planning  (10 Credit Points)  
Legacy Code: 200868  

Investment Planning is one of the core units in the Master of Commerce (Financial Planning). The course is designed to provide the educational basis to enable students to increase competence as professional financial advisers and enable them to gain an advanced knowledge and understanding of the financial planning industry. The unit introduces basic concepts of risk and return in relation to investment planning. Various investment vehicles are covered including shares and fixed interest investments.

Level: Postgraduate Coursework Level 7 subject  
Equivalent Subjects: LGYB 6482 Principles of Investment Planning (PG)  
Restrictions: Please see the Subject Details page for any restrictions for this subject  
FINC 7012  Investment Planning (EO)  (10 Credit Points)  
Legacy Code: 900656  
Level: Postgraduate Coursework Level 7 subject  
Restrictions: Please see the Subject Details page for any restrictions for this subject  
FINC 7013  Planning for Retirement  (10 Credit Points)  
Legacy Code: 200871  

This unit provides an understanding of key issues, decisions and frameworks involved in financial planning for later life and succession. It enables the student to provide advice on business succession planning strategies, to evaluate the most appropriate estate planning for different types of clients at different stages of their life, to analyse wills, trusts and social security provisions, to apply relevant analytical and decision making tools to succession, trust administration, tax strategy and similar post-retirement decisions.

Level: Postgraduate Coursework Level 7 subject  
Pre-requisite(s): FINC 7020  
Restrictions: Please see the Subject Details page for any restrictions for this subject  
FINC 7014  Planning for Retirement (EO)  (10 Credit Points)  
Legacy Code: 900657  
Level: Postgraduate Coursework Level 7 subject  
Restrictions: Please see the Subject Details page for any restrictions for this subject  
FINC 7015  Principles of Financial Planning  (10 Credit Points)  
Legacy Code: 200866  

This introductory unit describes the nature and process of financial planning and financial planning participants within the Australian economic, legal, social, cultural and ethical environment. The key influences affecting the client relationship are identified along with a focus on the use of verbal and non-verbal communication skills to develop client rapport. The unit also involves evaluating data collection and risk tolerance tools and identifying the impact of the regulatory and economic environment on stakeholders. Other topics involve budgetary analysis, term structure, investment decisions, ethics, client goal-setting and statement of advice compliance. The unit provides the foundational knowledge essential to develop and apply comprehensive knowledge across all financial planning areas.

Level: Postgraduate Coursework Level 7 subject  
Equivalent Subjects: LGYB 6479 Principles of Financial Planning (PG)  
Restrictions: Please see the Subject Details page for any restrictions for this subject  
FINC 7016  Principles of Financial Planning (EO)  (10 Credit Points)  
Legacy Code: 900658  
Level: Postgraduate Coursework Level 7 subject  
Restrictions: Please see the Subject Details page for any restrictions for this subject  
FINC 7017  Property Investment Analysis  (10 Credit Points)  
Legacy Code: 200696  

This unit introduces the concept of investment analysis in the context of property. It explores the unique features of income-producing property and examines the performance of these properties, their loans and their taxation through the application of a variety of investment techniques. Also covered are risk analysis techniques for income-producing properties and portfolios.

Level: Postgraduate Coursework Level 7 subject  
Equivalent Subjects: LGYB 6499 - Property Investment Analysis (V2)  
Restrictions: Please see the Subject Details page for any restrictions for this subject  
FINC 7019  Statement of Advice Research Project  (10 Credit Points)  
Legacy Code: 200960  

Statement of Advice Research Project encompasses a major research project, a Statement of Advice (SOA). This SOA equips students with knowledge and skills to address challenges through research and the ability to apply knowledge developed in earlier units of study. This student-centered unit provides skill development and capacity to engage with the requirements of the profession. Students will have scope to focus on issues relevant to a case study as a means of developing a comprehensive SOA for a client (in the case study). As an integrating unit, it demands participants bringing together their knowledge to develop recommendations based on learning from earlier units. This unit also ensures students meet the regulatory and accreditation education requirements to be a registered financial adviser.

Level: Postgraduate Coursework Level 7 subject  
Pre-requisite(s): Students enrolled in 2793 Masters of Financial Planning or 2807 Master of Stockbroking and Financial Advising must have successfully completed 60 credit points  
Equivalent Subjects: LGYB 6493 - Current Issues in Financial Planning  
Restrictions: Please see the Subject Details page for any restrictions for this subject  
FINC 7020  Superannuation  (10 Credit Points)  
Legacy Code: 200867  

This unit provides an understanding of the key issues, decisions and frameworks that affect financial planning for retirement. The unit focuses on superannuation and effective financing of retirement. It includes key concepts in prudential supervision of Australian superannuation, exploration of types of funds relevant to retirement, appreciating trends in retirement financing policies and their effects on providing advice, understanding the social security and age care systems' effect on retirement planning strategies; and correctly computing tax liabilities on superannuation, pensions, and estate management. This unit is the principal one for learning about self- managed superannuation funds, for whom they are suitable and for whom they are not.

Level: Postgraduate Coursework Level 7 subject  
Restrictions: Please see the Subject Details page for any restrictions for this subject  
FINC 7021  Superannuation (EO)  (10 Credit Points)  
Legacy Code: 900659  
Level: Postgraduate Coursework Level 7 subject  
Restrictions: Please see the Subject Details page for any restrictions for this subject  
FINC 7022  Applied Project (Finance and Property)  (10 Credit Points)  

Applied Project (Finance and Property) is the integrating capstone unit, which brings together the skills that property students have developed during the course in preparing a high quality professional report in the finance or property industry. The unit encourages property students to demonstrate their ability to solve multi-disciplinary problems in relation to current and future issues that affect the finance or property sectors. The unit will also allow students to critically evaluate issues in their industry to determine and assess potential industry implications. The topics are determined from year to year by discussions between the individual student, the unit coordinator and the student's chosen supervisor.

Level: Postgraduate Coursework Level 7 subject  
Equivalent Subjects: MKTG 7003 - Applied Project (Finance and Property)  
Restrictions: Please see the Subject Details page for any restrictions for this subject