AYB346 Financial Plan Construction (Capstone)
To view more information for this unit, select Unit Outline from the list below. Please note the teaching period for which the Unit Outline is relevant.
| Unit code: | AYB346 |
|---|---|
| Prerequisite(s): | AYB250 and 192cp of completed studies |
| Credit points: | 12 |
| Timetable | Details in HiQ, if available |
| Availabilities |
|
| CSP student contribution | $2,040 |
| Pre-2021 CSP student contribution | $1,597 The pre-2021 commonwealth supported place (CSP) contribution amount only applies to students enrolled in a course prior to 2021. To learn more, visit our Understanding your fees page. |
| Domestic tuition unit fee | $3,024 |
| International unit fee | $4,176 |
Unit Outline: Semester 2 2024, Gardens Point, Internal
| Unit code: | AYB346 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | AYB250 and 192cp of completed studies |
| Coordinator: | Gabbi Parle | g.parle@qut.edu.au |
Overview
A key aspect of working in the financial planning industry is the ability to draw upon a range of professional skills including managing career and professional identity, communicating effectively with others, and leveraging the strengths of diverse teams to develop practical and ethical responses to contemporary financial planning problems and opportunities. This capstone unit provides a platform for students to develop and refine financial planning professional practical skills by integrating and extending knowledge and skills gained in earlier financial planning units. Students will develop a critical understanding of their professional strengths and limitations in working individually, with peers, and with industry professionals. Students will be guided by academics and industry professionals to apply the discipline knowledge and professional skills gained throughout their university studies to real-world financial planning problems.
Learning Outcomes
On successful completion of this unit you will be able to:
- Gather and analyse data to assist with the development of solutions to financial planning problems for clients.
- Develop innovative and effective financial planning strategies and solutions for clients in relation to real-world problems.
- Communicate information and recommendations effectively to clients by constructing detailed statements of advice.
- Apply your understanding of ethical and professional conduct to work effectively in individual and team-based professional contexts.
- Critically reflect on your university experiences in the financial planning major to identify and communicate your professional strengths, abilities and values.
Content
This unit will focus on creating statements of advice for financial planning clients based on a real-world client problem. The unit will provide Xplan software skills to assist with the statement of advice processes. The unit will also focus on managing the ethical issues in a client relationship, applying the FASEA code of ethics. Students will obtain skills in developing and gathering client data, determining client goals and needs, and presenting a financial plan for a client using authentic financial planning tools. The unit will discuss how to implement a financial plan for a client, how to assess the impact of that plan, and how to review and monitor the suitability client financial plans over time. The unit will address the responsibilities of clients and advisors, and how due diligence and conflict resolution are performed. An exploration of technology and its impact on the financial planning profession will round out the content.
QUT Business Capabilities (Undergraduate)
The content and assessment in this unit are aligned to a selection of the following set of QUT Business Capabilities, also known as Assurance of Learning Goals (AoLs). Developing these capabilities will assist you to meet the desired graduate outcomes set at QUT and equip you with the knowledge and skills to succeed in your chosen career.
Knowledge and Technological Skills (KS)
1.1 Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
1.2 Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Higher Order Thinking (HO)
2.1 Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
2.2 Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Professional Communication (PC)
3.1 Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
3.2 Use information literacy skills, and communicate effectively and professionally in oral forms, appropriate for diverse purposes and contexts.
Teamwork and Self (TS)
4.1 Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
4.2 Apply teamwork knowledge and skills for effective collaboration across diverse purposes and contexts.
Social, Ethical and Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Learning Approaches
The teaching and learning approaches in this unit incorporate a number of methods to engage students to evaluate themselves, work with others, and learn from industry professionals. The unit will operate in a 3 hour seminar model. The unit is modularised into two distinct phases of learning and teaching. Students will cover theoretical issues in the first hour of each week and then they will focus on a real world client problems and issues in the second part of the seminar and will work with industry professionals and academics to resolve these detailed client problems over a number of weeks. A statement of advice will be developed as a group based on each of the problems.
Feedback on Learning and Assessment
Students will receive feedback in various forms throughout the semester which may include:
- Informal: worked examples, such as verbal feedback in class, personal consultation
- Formal: in writing, such as checklists (e.g. criteria sheets), written commentary
- Direct: to individual students, either in written form or in consultation
- Indirect: to the whole class
Assessment
Overview
The real world focus towards team-based work will require you to think critically about your own practical and academic skills, and personal strengths and limitations for working individually and as a member of a team. This includes interpersonal skills in communicating with others about your own study, work and personal commitments than may limit your engagement with team activities; as well as managing your time and commitments to equitably contribute to team outputs. Students who fail to engage with their team in any way, or continually fail to meet reasonable requests from their team (i.e. timely delivery of content for team presentation; or timely feedback for ideas and decisions shared by the team) may be held accountable through individual marks allocated to teamwork activities.
Note: Students may be required to attend campus or an assessment centre for the purposes of assessment, regardless of the attendance mode for the unit.
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Client Data Analysis
This assessment will involve students working individually to analyse client data for a real-world client problem using XPlan.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.2), HO (2.1)
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Assessment: Detailed Statement of Advice
In teams, students will develop a statement of advice for a client based on the culmination of work for this client across the semester. Xplan and teamwork skills will be assessed as part of this project.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.2), HO (2.2), PC (3.1), TS (4.2)
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Assessment: Presentation and Personal Reflection
Each student will present an area of the statement of advice prepared by the group and prepare a short personal reflection on their professional capabilities, ethical values and aspirations as a financial planner.
Formative or Summative: Summative and Formative
Business Capabilities (AoL goals): PC (3.2), TS (4.1), SE (5.1)
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Academic Integrity
Students are expected to engage in learning and assessment at QUT with honesty, transparency and fairness. Maintaining academic integrity means upholding these principles and demonstrating valuable professional capabilities based on ethical foundations.
Failure to maintain academic integrity can take many forms. It includes cheating in examinations, plagiarism, self-plagiarism, collusion, and submitting an assessment item completed by another person (e.g. contract cheating). It can also include providing your assessment to another entity, such as to a person or website.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Further details of QUT’s approach to academic integrity are outlined in the Academic integrity policy and the Student Code of Conduct. Breaching QUT’s Academic integrity policy is regarded as student misconduct and can lead to the imposition of penalties ranging from a grade reduction to exclusion from QUT.
Resources
See Canvas site
Required References:
See Canvas site
Other Resources:
There are no other resource costs associated with this unit.
Risk Assessment Statement
There are no out-of-the-ordinary risks associated with lectures or tutorials in this unit. You should, however, familiarise yourself with evacuation procedures operating in the buildings in which you attend classes and take the time to
view the Emergency video.
Standards/Competencies
This unit is designed to support your development of the following standards\competencies.
QUT Business Capabilities (Undergraduate)
HO (2.1): Critical Analysis
Relates to: ULO1, ULO2, Client Data Analysis
HO (2.2): Independent Judgement and Decision-Making
Relates to: ULO2, Detailed Statement of Advice
KS (1.2): Technical and Technological Skills
Relates to: ULO1, ULO3, Client Data Analysis, Detailed Statement of Advice
PC (3.1): Professional Communication (Written)
Relates to: ULO3, Detailed Statement of Advice
PC (3.2): Professional Communication (Oral)
Relates to: ULO3, Presentation and Personal Reflection
SE (5.1): Ethical and Legal Understanding
Relates to: ULO4, ULO5, Presentation and Personal Reflection
TS (4.1): Self-Reflection and Accountability
Relates to: ULO5, Presentation and Personal Reflection
TS (4.2): Teamwork Knowledge and Skills
Relates to: ULO4, Detailed Statement of Advice
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.BS05 Bachelor of Business
- Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Relates to: ULO1, ULO3, Client Data Analysis, Detailed Statement of Advice - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO1, ULO2, Client Data Analysis - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: ULO2, Detailed Statement of Advice - Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
Relates to: ULO3, Detailed Statement of Advice - Use information literacy skills, and communicate effectively and professionally in oral forms, appropriate for diverse purposes and contexts.
Relates to: ULO3, Presentation and Personal Reflection - Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
Relates to: ULO5, Presentation and Personal Reflection - Apply teamwork knowledge and skills for effective collaboration across diverse purposes and contexts.
Relates to: ULO4, Detailed Statement of Advice - Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
Relates to: ULO4, ULO5, Presentation and Personal Reflection
Unit Outline: Semester 2 2024, Online
| Unit code: | AYB346 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | AYB250 and 192cp of completed studies |
Overview
A key aspect of working in the financial planning industry is the ability to draw upon a range of professional skills including managing career and professional identity, communicating effectively with others, and leveraging the strengths of diverse teams to develop practical and ethical responses to contemporary financial planning problems and opportunities. This capstone unit provides a platform for students to develop and refine financial planning professional practical skills by integrating and extending knowledge and skills gained in earlier financial planning units. Students will develop a critical understanding of their professional strengths and limitations in working individually, with peers, and with industry professionals. Students will be guided by academics and industry professionals to apply the discipline knowledge and professional skills gained throughout their university studies to real-world financial planning problems.
Learning Outcomes
On successful completion of this unit you will be able to:
- Gather and analyse data to assist with the development of solutions to financial planning problems for clients.
- Develop innovative and effective financial planning strategies and solutions for clients in relation to real-world problems.
- Communicate information and recommendations effectively to clients by constructing detailed statements of advice.
- Apply your understanding of ethical and professional conduct to work effectively in individual and team-based professional contexts.
- Critically reflect on your university experiences in the financial planning major to identify and communicate your professional strengths, abilities and values.
Content
This unit will focus on creating statements of advice for financial planning clients based on a real-world client problem. The unit will provide Xplan software skills to assist with the statement of advice processes. The unit will also focus on managing the ethical issues in a client relationship, applying the FASEA code of ethics. Students will obtain skills in developing and gathering client data, determining client goals and needs, and presenting a financial plan for a client using authentic financial planning tools. The unit will discuss how to implement a financial plan for a client, how to assess the impact of that plan, and how to review and monitor the suitability client financial plans over time. The unit will address the responsibilities of clients and advisors, and how due diligence and conflict resolution are performed. An exploration of technology and its impact on the financial planning profession will round out the content.
QUT Business Capabilities (Undergraduate)
The content and assessment in this unit are aligned to a selection of the following set of QUT Business Capabilities, also known as Assurance of Learning Goals (AoLs). Developing these capabilities will assist you to meet the desired graduate outcomes set at QUT and equip you with the knowledge and skills to succeed in your chosen career.
Knowledge and Technological Skills (KS)
1.1 Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
1.2 Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Higher Order Thinking (HO)
2.1 Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
2.2 Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Professional Communication (PC)
3.1 Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
3.2 Use information literacy skills, and communicate effectively and professionally in oral forms, appropriate for diverse purposes and contexts.
Teamwork and Self (TS)
4.1 Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
4.2 Apply teamwork knowledge and skills for effective collaboration across diverse purposes and contexts.
Social, Ethical and Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Learning Approaches
The teaching and learning approaches in this unit incorporate a number of methods to engage students to evaluate themselves, work with others, and learn from industry professionals. The unit will operate in a 3 hour seminar model. The unit is modularised into two distinct phases of learning and teaching. Students will cover theoretical issues in the first hour of each week and then they will focus on a real world client problems and issues in the second part of the seminar and will work with industry professionals and academics to resolve these detailed client problems over a number of weeks. A statement of advice will be developed as a group based on each of the problems.
Feedback on Learning and Assessment
Students will receive feedback in various forms throughout the semester which may include:
- Informal: worked examples, such as verbal feedback in class, personal consultation
- Formal: in writing, such as checklists (e.g. criteria sheets), written commentary
- Direct: to individual students, either in written form or in consultation
- Indirect: to the whole class
Assessment
Overview
The real world focus towards team-based work will require you to think critically about your own practical and academic skills, and personal strengths and limitations for working individually and as a member of a team. This includes interpersonal skills in communicating with others about your own study, work and personal commitments than may limit your engagement with team activities; as well as managing your time and commitments to equitably contribute to team outputs. Students who fail to engage with their team in any way, or continually fail to meet reasonable requests from their team (i.e. timely delivery of content for team presentation; or timely feedback for ideas and decisions shared by the team) may be held accountable through individual marks allocated to teamwork activities.
Note: Students may be required to attend campus or an assessment centre for the purposes of assessment, regardless of the attendance mode for the unit.
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Client Data Analysis
This assessment will involve students working individually to analyse client data for a real-world client problem using XPlan.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.2), HO (2.1)
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Assessment: Detailed Statement of Advice
In teams, students will develop a statement of advice for a client based on the culmination of work for this client across the semester. Xplan and teamwork skills will be assessed as part of this project.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.2), HO (2.2), PC (3.1), TS (4.2)
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Assessment: Presentation and Personal Reflection
Each student will present an area of the statement of advice prepared by the group and prepare a short personal reflection on their professional capabilities, ethical values and aspirations as a financial planner.
Formative or Summative: Summative and Formative
Business Capabilities (AoL goals): PC (3.2), TS (4.1), SE (5.1)
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Academic Integrity
Students are expected to engage in learning and assessment at QUT with honesty, transparency and fairness. Maintaining academic integrity means upholding these principles and demonstrating valuable professional capabilities based on ethical foundations.
Failure to maintain academic integrity can take many forms. It includes cheating in examinations, plagiarism, self-plagiarism, collusion, and submitting an assessment item completed by another person (e.g. contract cheating). It can also include providing your assessment to another entity, such as to a person or website.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Further details of QUT’s approach to academic integrity are outlined in the Academic integrity policy and the Student Code of Conduct. Breaching QUT’s Academic integrity policy is regarded as student misconduct and can lead to the imposition of penalties ranging from a grade reduction to exclusion from QUT.
Resources
See Canvas site
Required References:
See Canvas site
Other Resources:
There are no other resource costs associated with this unit.
Risk Assessment Statement
There are no out-of-the-ordinary risks associated with lectures or tutorials in this unit. You should, however, familiarise yourself with evacuation procedures operating in the buildings in which you attend classes and take the time to
view the Emergency video.
Standards/Competencies
This unit is designed to support your development of the following standards\competencies.
QUT Business Capabilities (Undergraduate)
HO (2.1): Critical Analysis
Relates to: ULO1, ULO2, Client Data Analysis
HO (2.2): Independent Judgement and Decision-Making
Relates to: ULO2, Detailed Statement of Advice
KS (1.2): Technical and Technological Skills
Relates to: ULO1, ULO3, Client Data Analysis, Detailed Statement of Advice
PC (3.1): Professional Communication (Written)
Relates to: ULO3, Detailed Statement of Advice
PC (3.2): Professional Communication (Oral)
Relates to: ULO3, Presentation and Personal Reflection
SE (5.1): Ethical and Legal Understanding
Relates to: ULO4, ULO5, Presentation and Personal Reflection
TS (4.1): Self-Reflection and Accountability
Relates to: ULO5, Presentation and Personal Reflection
TS (4.2): Teamwork Knowledge and Skills
Relates to: ULO4, Detailed Statement of Advice
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.BS05 Bachelor of Business
- Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Relates to: ULO1, ULO3, Client Data Analysis, Detailed Statement of Advice - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO1, ULO2, Client Data Analysis - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: ULO2, Detailed Statement of Advice - Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
Relates to: ULO3, Detailed Statement of Advice - Use information literacy skills, and communicate effectively and professionally in oral forms, appropriate for diverse purposes and contexts.
Relates to: ULO3, Presentation and Personal Reflection - Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
Relates to: ULO5, Presentation and Personal Reflection - Apply teamwork knowledge and skills for effective collaboration across diverse purposes and contexts.
Relates to: ULO4, Detailed Statement of Advice - Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
Relates to: ULO4, ULO5, Presentation and Personal Reflection