Professional Financial Management

Curriculum guideline

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Course
FINC 4300
Discontinued
Yes
Course code
FINC 4300
Descriptive
Professional Financial Management
Department
Finance
Faculty
Commerce & Business Administration
Credits
3.00
Start date
End term
201430
PLAR
No
Semester length
15 Weeks x 4 Hours per Week = 60 Hours
Max class size
35
Contact hours
Lecture: 3 Hrs. Seminar: 1 Hr. Total: 4 Hrs.
Method(s) of instruction
Lecture
Seminar
Learning activities

A combination of lectures, supplementary materials, and class presentations.

Course description
The Professional Financial Management course gives the student a broad understanding of personal financial planning techniques and issues. The course covers topics in planning personal finances, managing personal credit and liquidity, tax planning, insuring oneself and one’s resources, investing financial resources, and controlling one’s financial future (retirement and estate planning). FINC 4300 is designed to be transferable to the CSI Professional Financial Planning course.
Course content

The course provides instruction on key topics including:

  1. Overview of a financial plan.
  2. Planning with personal financial statements.
  3. Budget and savings planning.
  4. Banking, interest rates, and loans.
  5. Residential mortgages.
  6. Personal credit management.
  7. Business law.
  8. Family law.
  9. Insurance:  auto, property, health & disability, and life.
  10. Tax planning.
  11. Retirement planning.
  12. Estate planning.
  13. Investment management:  stocks, bonds, mutual funds, and asset allocation.
  14. Integrating the components of a financial plan through cases.
Learning outcomes

At the end of the course, the student should be able to:

  1. Analyze personal financial statements;
  2. Describe the role of insurance in preparing a personal financial plan;
  3. Demonstrate how to plan a personal budget and design a personal savings plan;
  4. Demonstrate how to plan for taxes, retirement, and devise an estate plan;
  5. Provide advice on personal investment management;
  6. Explain the role of law and fair and ethical business practices in preparing a personal financial plan.
Means of assessment
Assignments or case studies    10% - 15%
Major case study or project             15% - 20%
Midterm examination           30%
Final examination           40%
Total         100%
Textbook materials

Textbooks and Materials to be Purchased by Students

Textbooks and materials will be chosen from:

  • Professional Financial Planning, Course Textbook, Latest Edition, CSI Global Education, Inc.
  • Kapoor, Jack, Les Dlabay, Robert Hughes, and Arshad Ahmad, Personal Finance, Latest Edition, McGraw-Hill Ryerson
  • Gitman, Lawrence J., and Michael D. Joehnk, Personal Financial Planning, Latest Edition, Thomson South-Western College.
  • Jeff Madura, Personal Finance, Latest Edition, Addison-Wesley.
Prerequisites

(FINC 3380 or FINC 3350 or FINC 3390)