Course Title: Analyse financial market products for client
Part B: Course Detail
Teaching Period: Term1 2015
Course Code: ACCT5336C
Course Title: Analyse financial market products for client
School: 650T Vocational Business Education
Campus: City Campus
Program: C5317 - Diploma of Financial Planning
Course Contact : Sam Tabit
Course Contact Phone: +61 3 9925 1466
Course Contact Email:firstname.lastname@example.org
Name and Contact Details of All Other Relevant Staff
Nominal Hours: 50
Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.
Pre-requisites and Co-requisites
This unit describes the performance outcomes, skills and knowledge required to accurately assess client needs, conduct analysis of financial market products to their specific requirements and expectations, and provide advice and recommendations.
This unit may apply to job roles subject to licensing, legislative, regulatory or certification requirements so Commonwealth, State or Territory requirements should be confirmed with the relevant body.
National Codes, Titles, Elements and Performance Criteria
National Element Code & Title:
FNSFMK502A Analyse financial market products for client
1. Identify client needs
1.1. Client information is accessed, and consultative processes are conducted to review and quantify client objectives , needs and expectations
1.2. Appropriate communication and interpersonal skills are used to establish rapport and promote positive client adviser interaction
1.3. Specialist advice is sought, as required, where it is identified or anticipated that clients have a complexity of needs or problems
1.4. Appropriate techniques are used to accurately assess client requirements and strategies developed to meet client needs and outcomes
2. Conduct analysis of financial market products
2. Conduct analysis of financial market products
2.1. Information relevant to the range of available financial products is sourced and assessed for currency and accuracy
2.2. Appropriate analytical techniques and processes are applied to identify facts, issues and patterns, inter-relationships and trends
2.3. Trends are accurately analysed to provide meaningful information on the performance of financial products and markets
2.4. Risk assessment is conducted of possible financial strategies and products identified through research and analysis processes
3. Provide advice and recommendations
3.1. Performance, trend and risk analyses are collated and reviewed to ensure accuracy and thoroughness, and presented in an appropriate format, style and structure
3.2. Recommendations are supported by evidence, and advice is consistent with relevant legislative , industry and organisational requirements
3.3. Features and benefits of recommended financial products are clearly described to client and meet client requirements and expectations
Details of Learning Activities
A range of learning activities are planned for thsi course including self-paced and collaborative classroom based activities including:
• Reading of and note taking from the prescribed textbook and other references;
• Completion of tutorial exercises prior to each workshop. Tutorial exercises consist of practical problems, short answer questions, multiple choice, case studies and extension exercises;
The collaborative classroom based activities will include group discussion, group problem solving activities, opportunities to practice skills in a s simulated work environment
We expect you ro participate and contribute in all scheduled learning activities.
Prior to training commencement a program level induction session will be conducted that comprises the following:
• Program overview and requirements
• Overview of assessment requirements
• Pre-training Review including: Recognition of Prior Learning and Credit Transfers and Assessment of current skills and knowledge
• Competency/grading criteria
• Submission Requirements
• Resubmission policy
• Where to get support
• Student responsibilities
Students will be provided with feedback thoughout the semester.
|1||9 Feb 2015||
Introduction to the Course including:
Introduction to Financial Planning
 The Concept of Financial Planning
16 Feb 2015
Financial Planning Skills
|3||23 Feb 2015||Introduction to Taxation|
• Income Tax
• Capital gains Tax
• Goods and Services Tax
• Fringe Benefits Tax
• Tax Effective Structures.
Task 1 - In Class Assessment - Due
|4||2 March 2015||Managed Investments
Task 2 - Case Study Handout distributed
If required, resubmission for this assessment is due by no later than end of week 16
|5||10 March 2015||Direct Investments|
• Financial Products, including:
o Cash and Fixed Interest
o Alternative investments
|6||16 March 2015||Analysis of Share Investments|
 Risk & Return
 Dividend Growth Model
|7||23 March 2015||Assessment task 2|
|8||30 March 2015||The Financial Planning Profession|
 The Role of the Financial Planner
 The Steps in Preparing a Plan
|Mid semester||2 – 8 April|
|9||13 April 2015||Development of a Personal Plan|
 The Statement of Advice
 Ethical Considerations
 Effective Communication
Planning for Implementation
|10||20 April 2015||Development of a Personal Plan
 The Statement of Advice
|11||27 April 2015||Social Security|
 Eligibility – Means Test
 Assets Test
|12||4 May 2015||Social Security|
• Eligibility – Strategies to achieve benefits
• Discussing Individual Needs
• Types of Benefits
|13||11 May 2015|| Estate Planning|
 Wills & Probate
 Power of Attorney
|Task 2 - Case Study due|
|14||18 May 2015||•• Estate Planning, • Intestacy, • Trusts|
• Structures, Estate/Non estate assets
|15||25 May 2015||Revision|
|16||1 Jun2015||Final Class assessment task 3||
Task 3 - In Class Assessment - Due
|17||8 Jun 2015||Re-submissions if required and feedback of Assessments|
Students have access to RMIT’s Financial Planning Course Notes that will be utilised throughout the semester for class work and self study purposes. These can be downloaded from Blackboard.
Students have access to Blackboard which includes:
1- Online activities
2- Self-paced learning
4- Course material and external resources to access
Overview of Assessment
Assessment may incorporate a variety of methods including technical requirements documentation, homework, assignments, group and/or individual projects, in class exercises, written and practical tests, problem solving exercises, presentations, direct observation of actual and simulated work practice, presentation of a portfolio of evidence which may comprise documents, and/or photographs and/or video and audio files, review of products produced through work-based or course activities.
You are advised that you are likely to be asked to personally demonstrate your assessment work to your teacher to ensure that the relevant competency standards are being met. You will be provided with feedback throughout the course to check their progress.
Co-delivered and Co-assessed Courses:
This course is codelivered and co-assessed with the following courses:
BAFI5189C Provide advice in financial planning advice
BAFI5191C Develop and prepare a financial plan
MKTG6075C Provide appropriate services, advice and products to clients
Critical aspects of assessment:
Evidence of the following is essential:
- accurately identify clients needs for an assessment of their financial requirements, specific objectives, needs and expectations
- conduct analysis of a range of financial markets products in order to provide effective advice and recommendations
- interpret and comply with legislative and organisational requirements
- test and assess the integrity of financial information for risk, viability and effectiveness and the impact of trends on strategy and product performance
- provide correct and up-to-date advice on features and benefits of financial products and or services within designated timeframes.
You are required to complete 3 tasks. You must successfully complete all 3 tasks to be deemed competent in this unit.
Task 1 - In Class Assessment (Due Date Week 3)<o:p></o:p>
For this Assessment Task you are required to demonstrate your knowledge by completing an open book in class assessment comprised of a series of theoretical and practical questions including a mini case study. This assessment will take place during your normal scheduled class time.<o:p></o:p>
Task 2 – Case Study (Due Date Week 13)<o:p></o:p>
For this assessment task you are required to work in groups of two to three students. You will work together on a case study that addresses a number of areas of financial services. You will undertake research and develop strategies based on a case study covering topics covered in from week 1 to week 9. <o:p></o:p>
This assessment is divided into two parts:<o:p></o:p>
Your task is to take the role of a financial adviser and provide a client(s) with a report that addresses a number of items relevant to this course including cash flow, managed funds compared to direct investment, investment styles, strategies that would be considered based on the clients objectives and current assets and liabilities.<o:p></o:p>
Once you have completed the written assessment you will be required to demonstrate your adviser communication skills and present your recommendations, responses and research to a client in a role play.<o:p></o:p>
You will be expected to clearly identify the part(s) of this assessment that you contributed. <o:p></o:p>
TASK 3 - In Class Assessment (Due Date Week 16)<o:p></o:p>
For this assessment task you need to undertake an open book in class assessment based on all material covered in this course (Weeks 1 -15).<o:p></o:p>
• Ensure that you submit assessments on or before the due date.
• Always retain a copy of your assessment tasks. (hard copy and soft copy)
• When you submit work for assessment at RMIT University you need to use a cover sheet that includes a declaration and statement of authorship. You must complete, sign and submit a cover sheet with all work you submit for assessment, whether individual or group work. On the cover sheet you declare that the work you are presenting for assessment is your own work. An assignment cover sheet for submission of each assessment task is available on blackboard.
• Each page of your assessment should include footer with your name, student number, the title of the assessment, unit code and title and page numbers. For example, Julie Macpherson, 324567, Task 2, OHS2345C Ensure safe workplace, Page 1 of 10.
Late Submission Procedures
You are required to submit assessment items and/or ensure performance based assessment is completed by the due dates.
If you are prevented from submitting an assessment item on time, by circumstances outside your control, you may apply in advance to your teacher for an extension to the due date of up to seven calendar days.
More Information: http://www.rmit.edu.au/students/assessment/extension
Form to use: http://mams.rmit.edu.au/seca86tti4g4z.pdf
Where an extension of greater than seven days is needed, you must apply for special consideration. Applications for special consideration must be submitted no later than two working days after the assessment task deadline or scheduled examination.
More Information: http://www.rmit.edu.au/browse;ID=g43abm17hc9w
Form to use: http://mams.rmit.edu.au/8a5dgcaqvaes1.pdf
Resubmissions (VET Programs):
If you are found to be unsuccessful in a Course Assessment Task you will be allowed one resubmission only. Your teacher will provide feedback regarding what you need to do to improve and will set a new deadline for the resubmission. The highest grade you will receive if your resubmission is successful is “CAG”.
If you are still not meeting the assessment requirements you must apply to your Program Manager in writing outlining the steps you will take to demonstrate competence in your course. Your submission will be considered by the Program Team and you will be advised of the outcome as soon as possible.
Adjustments to Assessment
In certain circumstances students may be eligible for an assessment adjustment. For more information about the circumstances under which the assessment arrangements might be granted please access the following website:
More Information: http://rmit.edu.au/browse;ID=7usdbki1fjf31
Marking Guide (Competency):
You must demonstrate that you have all the required skills/knowledge/elements in the unit of competency you are studying.
You will receive feedback on each assessment task that will inform you about your progress and how well you are performing.
Marking Guide (Grading)
After achieving competency we then grade your performance in the unit and you will achieve one of the following grades:
Final Grades table:
CHD - Competent with High Distinction
CDI - Competent with Distinction
CC - Competent with Credit
CAG - Competency Achieved – Graded
NYC - Not Yet Competent
DNS - Did Not Submit for assessment
Further information regarding the application of the grading criteria will be provided by your teacher.
Course Overview: Access Course Overview