Course Title: Conduct financial planning analysis and research

Part B: Course Detail

Teaching Period: Term2 2015

Course Code: BAFI5190C

Course Title: Conduct financial planning analysis and research

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

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


Course Description

This unit describes the performance outcomes, skills and knowledge required to undertake financial planning analysis and research. It encompasses evaluating a client’s current situation and identifying issues, research requirements and parameters for extracting and analysing information, and summarising research information.
This unit is applicable to individuals working within enterprises and job roles subject to licensing, legislative, regulatory or certification requirements including legislation administered by the Australian Securities and Investments Commission (ASIC).

National Codes, Titles, Elements and Performance Criteria

National Element Code & Title:

FNSFPL502A Conduct financial planning analysis and research


1. Evaluate the client's current situation and identify the issues

Performance Criteria:

<font size="3"><font face="Times New Roman">1.1. Analysis of the integrity of information provided by the client is undertaken<o:p></o:p></font></font>

<font size="3"><font face="Times New Roman">1.2. The client objectives are identified and quantified and tested for viability</font></font>

<font size="3"><font face="Times New Roman"><o:p>1.3. The basis for strategy development is established based on confirmed objectives</o:p></font></font>


2. Identify research requirements and parameters

Performance Criteria:

<font size="3"><font face="Times New Roman">2.1. Aims and objectives of research including strategy, product and performance parameters are established against client requirements and expectations with all issues identified <o:p></o:p></font></font>

<font size="3"><font face="Times New Roman">2.2. A wide range of relevant internal and external information resources required for the research are identified and accessed</font></font>

<font size="3"><font face="Times New Roman"><o:p>2.3 Timeframes are established and requests for information prioritised to ensure milestones are met</o:p></font></font>


3. Extract and analyse information according to research requirements and parameters

Performance Criteria:

<font size="3"><font face="Times New Roman">3.1. Data extraction criteria are established that are relevant to intended use and client requirements<o:p></o:p></font></font>

<font size="3"><font face="Times New Roman">3.2. Trends are identified to provide meaningful information on performance of possible strategies, products and markets<o:p></o:p></font></font>

<font size="3"><font face="Times New Roman">3.3. Risk assessment is made of strategies and products identified through the research<o:p></o:p></font></font>

<font size="3"><font face="Times New Roman">3.4. Financial products are analysed within appropriate timeframes to ensure currency of decision making<o:p></o:p></font></font>

<font size="3"><font face="Times New Roman">3.5. Obtained information is prioritised according to client requirements and expectations</font></font>

<font size="3"><font face="Times New Roman"><o:p>3.6. Issues that require specialist research or advice are identified and appropriate advice obtained</o:p></font></font>


4. Summarise research information

Performance Criteria:

<font size="3"><font face="Times New Roman">4.1. Information on financial strategies and products is collated and checked against research specification<o:p></o:p></font></font>

<font size="3"><font face="Times New Roman">4.2. Written performance, trend and risk analyses are prepared and checked against research specification</font></font>

<font size="3"><font face="Times New Roman"><o:p>4.3. Any qualifications or issues for further research are documented</o:p></font></font>


Learning Outcomes

Details of Learning Activities

A range of learning activities are planned for this course including self-paced and collaborative classroom based activities. The self-paced activities will be delivered thought various technology platforms and include your contribution to wikis and discussion threads, reflective journals, quizzes and interactive sessions.

The collaborative classroom based activities will include group discussion, group problem solving activities and opportunities to practice your skills in a simulated/real workplace environment.

We expect you to participate and contribute in all scheduled learning activities.

Teaching Schedule

Induction Session

Prior to training commencement a program level induction session will be conducted that comprises the following:

  • Program overview and requirements
  • MyRMIT/Blackboard
  • 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
  • Plagiarism
  • Appeals
  • Extensions
  • Feedback
  • Privacy
  • Submission Requirements
  • Resubmission policy
  • Where to get support
  • Student responsibilities

PLEASE NOTE: The teaching scheduled may be subject to change. Students will be advised via the Blackboard and student email of any changes

<thead> <th scope="col">Week</th> <th scope="col">Week Commencing</th> <th scope="col"> Topics                                                                                                                      </th> <th scope="col">Assessment                                                                </th> </thead>
1 6 July


Introduction to Financial Planning
  • The Concept of Financial Planning
  • Personal Financial Statements,
  • Establishing Financial Goals and Time Frames,
  • Risk and Return 
2 13 July   Financial Planning Skills Obtaining and Analysing Customer Data
  • Financial mathematics
  • Diversification
3 20 July  Introduction to Taxation
  • Income Tax
  • Capital gains Tax
  • Goods and Services Tax
  • Fringe Benefits Tax
  • Tax Effective Structures
 Task 1 - Assessment  Due
4 27 July  Managed Investments
  • Regulations
  • Costs & Benefits
  • Investment Techniques
Task 2 - Case Study : Task 2 - Case Study Handout distributed
You will receive feedback in week 11
5 3 August  Direct Investments
• Financial Products, including:
  • Cash and Fixed Interest
  • Property
  • Shares
  • Alternative investments


6 10 August
  Analysis of Share Investments
  • Risk & Return
  • CAPM
  • Dividend Growth Model 
7 17 August  The Financial Planning Profession
  • The Role of the Financial Planner
  • The Steps in Preparing a Plan
8 24 August

  The Financial Planning Profession

  • The role of the Financial Planner
  • The regulatory environment
  • The legislative environment
  • Complaints Schemes
  • codes of ethics
  31Aug - 6 Sept  Mid Semester Break  
9 7 September  Development of a Personal Plan
  • The Statement of Advice
  • Ethical Considerations
  • Effective Communication
  • Planning for Implementation  
10 14 September   Development of a Personal Plan
  • The Statement of Advice
  • Ethical Considerations
  • Effective Communication
  • Planning for Implementation
11 21 September  Social Security
  • Eligibility – Means Test
  • Assets Test
  • Deeming
 Task 2 - Case Study Due
12 28 September

 Social Security

  • Eligibility – Strategies to achieve benefits
  • Discussing individual needs
  • Types of benefits
 Feedback for Case Study Assessment 2
13 5 October
  • Estate Panning
  • Wills & Probate
  • Taxation
  • Power of Attorney
14 12 October  Revision  Revision 3
15 19 October Assessment Task  Task 3 - In class Assessment Due
16 26 October  Feedback -Re-submissions if required  

  Student feedback wil be provided throughout the semester.

Learning Resources

Prescribed Texts

Financial Planning Australia - 2015 Essentials Edition by Taylor, s.; Juchau, R.; Seymour, E.; Cull, M.; Colley, G.; Monahan, R.; Perkins, M.; Griffin, R., 2014           - IBSN:9780409339710


RMIT’s Superannuation module can be accessed on Blackboard.  This will be used in conjunction with the prescribed text book.

Other Resources

Other materials will be placed on the Blackboard and will be used when directed so by your teacher.

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 


Assessment Tasks

Co-delivered Courses:

This course is co-delivered with the following courses:

BAFI5194C Conduct product research to support recommendations

Critical aspects of assessment

Evidence of the fololowing is essential:

  • comply with relevant legislative and regulatory requirements, relevant industry codes of practice and organisational operating guidelines
  • evaluate the client’s current situation and identify issues
  • identify research requirements and parameters and extract and analyse information
  • use a wide range of available information sources and identify factors which may affect research and accurately summarise research information to test its integrity
  • use comprehensive knowledge of available products and services and their associated risks
  • accurately document research for financial plans and summarise and prioritise findings that are validated against client requirements.

You are required to complete three tasks

You must successfully complete all three tasks to be deemed competent in this unit.

TASK 1 Assessment (Due Date: End of week 3)

For this Assessment Task you are required to demonstrate knowledge of the financial planning industry by completing a number of short answer and multiple choice questions.  This task will be class based on a writing activity.

TASK 2 - Group Case Study (Due Date: End of Week 11 )

Case study comprises of Part A (knowledge component) and part B Case study presentation skill component.

Part A of the assessment task you are required to research and develop strategies based on a case study covering topics from week 1 - 10.  Part A is group work.

Students must successfully complete Part A in order to progress to part B Skills component.

Task 2 is group assessment and the progress of work can be monitored using Google shared Drive.

TASK 3 - In - Class Assessment (Due Date: End of Week 15 )

For this assessment task you need to undertake a open book class based assessment that covers all the material covered this unit.

Assessment Matrix


Other Information

Submission Requirements

You should:

  • 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:
Form to use:

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:;ID=g43abm17hc9w
Form to use:

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:;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