Course Title: Conduct product research to support recommendations
Part B: Course Detail
Teaching Period: Term2 2015
Course Code: BAFI5194C
Course Title: Conduct product research to support recommendations
School: 650T Vocational Business Education
Campus: City Campus
Program: C5317 - Diploma of Financial Planning
Course Contact : Sam Tabit
Course Contact Phone: +61 3 9925 4166
Course Contact Email:sam.tabit@rmit.edu.au
Name and Contact Details of All Other Relevant Staff
Nominal Hours: 80
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
None
Course Description
This unit describes the performance outcomes, skills and knowledge required to carry out research by interpreting available information, analysing and reviewing research findings and activities to enable the determination of financial investment strategies and options.
No licensing, legislative, regulatory or certification requirements apply to this unit at the time of endorsement.
National Codes, Titles, Elements and Performance Criteria
National Element Code & Title: |
FNSINC501A Conduct product research to support recommendations |
Element: |
1. Interpret available information and conduct research |
Performance Criteria: |
<font size="3"><font face="Times New Roman">1.1. Timelines are established to meet research requirement deadlines<o:p></o:p></font></font> <font size="3"><font face="Times New Roman">1.2. Relevant sources of information are identified accurately and consistently, and required information can be sourced and retrieved readily and promptly<o:p></o:p></font></font> <font size="3"><font face="Times New Roman">1.3. Sources of research information and documentation are constantly reviewed to ensure currency and accuracy</font></font> <font size="3"><font face="Times New Roman"><o:p>1.4 Research findings logically flow from the interpretation of the information available and are prepared in a detailed, clear, accurate and timely format</o:p></font></font>
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Element: |
2. Analyse and review research findings and activities |
Performance Criteria: |
<font size="3"><font face="Times New Roman">2.1. Research activities and outcomes are consistent with organisation policy and guidelines, confidentiality requirements, and with relevant legislation or industry codes of practice<o:p></o:p></font></font> <font size="3"><font face="Times New Roman">2.2. Research findings and activities are analysed and reviewed to ensure accuracy and thoroughness<o:p></o:p></font></font> <font size="3"><font face="Times New Roman">2.3. The adequacy of statutory disclosures is reviewed to maintain consistency and compliance</font></font> <font size="3"><font face="Times New Roman"><o:p>2.4.Feedback is regularly sought to monitor the effectiveness and appropriateness of research activities</o:p></font></font>
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Element: |
3. Document research and distribute to relevant parties |
Performance Criteria: |
<font size="3"><font face="Times New Roman">3.1. All research is checked to ensure compliance with organisation policy and guidelines, and with relevant legislation or industry codes of practice, and is authorised before release<o:p></o:p></font></font> <font size="3"><font face="Times New Roman">3.2. Research is distributed to all relevant parties as required in a timely manner</font></font> <font size="3"><font face="Times New Roman"><o:p>3.3 Confirmation of receipt of research information is obtained where relevant in order to complete organisation records of compliance</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.
| 1 | 6 July |
Introduction to Financial Planning
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Assessment Task 1 - distributed to students - due week 4 |
| 2 | 13 July |
Financial Planning skills Obtaining and Analysing Customer Data
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| 3 | 20 July | Introduction to Taxation
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| 4 | 27 July |
Managed Investments
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Task 1 - Assessment due |
| 5 | 3 August | Direct Investments Financial Products including:
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Assessment Task 2 - Case Study - handout
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| 6 | 10 August | Analysis of Share Investments
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| 7 | 17 August | The Financial Planning Profession
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| 8 | 24 August |
The Financial Planning
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| 31 Aug - 6 Sept | Mid Semester Break | ||
| 9 | 7 September | Development of a Personal Plan
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| 10 | 14 September |
Development of a Personal Plan
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| 11 | 21 September | Social Security
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Task 2 - Case Study Due |
| 12 | 28 September | Social Security
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Feedback for Case Study Assessment Task 2. |
| 13 | 5 October |
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| 14 | 12 October | Revision | |
| 15 | 19 October | Test | Task 3 - In class Assessment Due |
| 16 | 26 October | Feedback -Re-submissions if required |
Students will be provided with feedback throughout the semester.
Learning Resources
Prescribed Texts
Financial Planning in Australia - 2015 Essentials Edition by Taylor, S.; Juchau R.; Seymour, E.; Cull, M.; Colley, G.; Monahan, R.; Perkins, J.; Griffin, R., 2014 - ISBN: 9780409339710 |
References
RMIT superannuation manual can be also 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:
BAFI5190C Conduct financial Planning analysis research
Critical aspects of assessment
Evidence of the fololowing is essential:
- establish and meet required research deadlines
- interpret and comply with relevant legislative requirements
- access and interpret available information accurately and comprehensively
- comply with statutory disclosure requirements
- document research findings concisely and clearly for distribution purposes.
You are required to complete three tasks
You must successfully complete all three tasks to be deemed competent in this unit.
Task 1 - In Class Assessment - Due week 4
For this Assessment Task you are required to demonstrate your knowledge by completing of the financial industry by completing a number of short answer and multiple choice questions. This task will be class based on a writing activity.
Task 2 – Case Study - Due Week 11
Case study comprises of Part A( Knowledge Component) and Part B Case study presentation skills component.
Part A of the assessment task you are required to research and develop strategies based on a case study covering topics you from week 1 to week 10. Part A is group work.
Part B is an individual assessment of the successful completion of part A Knowledge based group work. Task 2 is a group assessment and the progress of work can be monitored using Google shared drive.
Task 3 - Due week 15
For thisassessment task you need to undertake an open book in class assessment based on all the material covered in this course weeks 1 - 14.
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: 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