AF4324Outline_15SEM002

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HONG KONG POLYTECHNIC UNIVERSITY

School of Accounting and Finance

Financial Planning (AF4324)

Lecturer:Dr. Allen Ng, CFA

E-mail:afallen@polyu.edu.hk

Office: M507l
Role and Purpose
This is an introductory course on financial planning and a course that has been recognized by the Institute of Financial Planners of Hong Kong (IFPHK) as a substitute for Module One in its education program (i.e., those who have passed this course will not be required to take Module One of the education program for Certified Financial Planners). It contributes to the achievement of BBA Programme Outcomes by enabling students to understand, analyze and apply the elements and steps relevant in practicing financial planning services. This module will set the background of financial planning for students and equip them with the essential knowledge and skills to perform financial planning services for clients. Topics including the major steps of financial planning, job knowledge requirement of CFPCM and the latest financial planning tools and techniques will be covered.

LEARNING OUTCOMES

Upon completion of the subject, students will be able to:
a. Identify and resolve ethical issues relevant in the context of financial planning, by complying with Code of Ethics (Outcome 5); b. Identify roles of regulators and scopes of regulations that govern the financial services industry, and interpret regulations of financial markets of Hong Kong; c. Analyze real-life situations and problems encountered by financial planners by applying conceptual frameworks drawn from the different context areas such as investment planning and estate planning areas (Outcome 9); d. Carry out and act upon self-appraisal and reflective thinking in the areas of teamwork, leadership and career selection to equip students with the skills and knowledge (Outcome 6) for continuous development; e. Apply the essential concepts in investment planning, insurance planning, risk management, retirement planning, estate planning, and tax planning; f. Apply the six-step financial planning approach to construct a financial plan in the different personal planning areas, and analyze the means by which value is created in delivery process of financial planning services (Outcome 6)

INDICATIVE CONTENT
Fundamental Concepts of Financial Planning
The financial planning areas and the roles of financial planners Overview of the Financial Planning Market
Ethical Financial Planning Practice
Practicing Ethics and Professional Responsibilities
Application of Time Value of Money concepts in financial planning Basic concepts and applications in real-life examples
Regulatory Framework of the Financial Services Industry
Hong Kong Regulations Related to Financial Planning
The Planning Components and Life Cycle Analysis
The Concept of Life-Cycle Analysis
Short-term and Medium Term Investment Planning
Risk Management and Insurance Planning
Retirement Planning, and Tax Planning Estate Planning
The Financial Planning Process
The Six-step approach in practice
Applications
Financial planning cases

2. Tentative Weekly Outline

Time: 14:30-17:20pm
Venue: CF302

Date
Chapters
Topic
1
3/9

Public Holiday
2
10/9
1
Overview
Financial Planning Concept, Ethics
3
17/9
3
Essential concepts in economics and finance

4
24/9
6
Life-cycle analysis

5
1/10

Public Holiday
6
8/10

Value Investing
7
15/10

Regulatory Framework
8
22/10
4
Financial Planning component (I)

9
29/10
5
Financial Planning component (II)
10
5/11
7,8
Financial Planning process
11
12/11
9,10,11
Financial Planning process
12
19/11
N/A
Student Presentations
13
26/11
N/A
Student Presentations

3. Presentation & Learning Approach

Course material will be introduced via a combination of presentations (by both lectures and course participants), class discussions, class exercises and case studies.

Active participation in...
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