Course

Personal Finance I

Faculty
Commerce & Business Administration
Department
Finance
Course Code
FINC 2300
Credits
3.00
Semester Length
15 Weeks
Max Class Size
35
Method(s) Of Instruction
Hybrid
Lecture
Seminar
Course Designation
None
Industry Designation
None
Typically Offered
To be determined

Overview

Course Description
This course applies the six step financial planning process to basic financial planning scenarios. Topics include setting goals, creating personal financial statements, debt management and calculation of mortgage financing options. Savings and investment products are covered as well as the essentials of RRSPs, TFSAs, government benefit programs, and personal insurance. Taxation as it relates to long term personal financial planning is covered at an introductory level. In addition, an overview of the products and services available to individuals and businesses through financial institutions will be covered.
Course Content
  1. Introduction to financial planning.
  2. Introduction to personal income tax.
  3. Calculating saving and investing requirements to reach goals.
  4. Mortgages and financing and other of financial services.
  5. Insurance products and planning.
  6. Government programs including OAS, CPP, GIS, RRSP, RESPs, RDSP, and TFSAs.
  7. Retirement planning.
  8. Wills and estate planning basics.
  9. Legal and ethical conduct in the financial services industry.
Learning Activities

Lectures, in-class and online assignments, completion of own personal financial plan.

Means of Assessment

Assessment will be based on course objectives and will be carried out in accordance with the Douglas College Evaluation Policy.

Assignment(s) or case(s)

10% - 20%

Term Tests or quizzes

30% - 50%

Individual Financial Plan

10% - 15%

Final Exam

30% - 40%

 

100%

No single assessment will be worth more than 40%.

Students must achieve a minimum grade of 50% on the combined invigilated components to pass the course.

Students may conduct research as part of their coursework in this class. Instructors for the course are responsible for ensuring that student research projects comply with College policies on ethical conduct for research involving humans, which can require obtaining Informed Consent from participants and getting the approval of the Douglas College Research Ethics Board prior to conducting the research.

 

Learning Outcomes

Upon completion of the course, a successful student will be able to:

  1. develop effective financial planning goals;
  2. prepare personal financial statements (including a personal budget, cash flow statement, and statement of net worth);
  3. incorporate basic knowledge of personal income tax in financial planning decisions;
  4. consider and calculate various types of personal insurance needs and coverage options;
  5. describe and recommend relevant products and services available from financial institutions;
  6. describe and recommend general investment options (saving accounts, stocks, bonds, mutual funds, etc.) and types of accounts and their features for wealth management;
  7. conduct a financial analysis of mortgage qualification and renting versus buying a house;
  8. calculate and recommend strategies to achieve retirement and estate planning goals; and
  9. demonstrate in a responsible and accountable manner the legal, ethical and social parameters of the financial industry.
Textbook Materials

Textbooks and Materials to be Purchased by Students

Madura, Jeff and Gill, Hardeep S. Personal Finance. Latest Canadian Edition, Pearson, or alternate textbook approved by department.

Calculator: Texas Instruments BA II Plus or as approved by department

Requisites

Prerequisites

One of FINC 1231, FINC 1230, MATH 1120, MATH 1125, ACCT 1235, or ACCT 1210,

OR currently active in one of the following:
PBD Accounting
PBD Accounting and Finance
PBD Finance
PDD Accounting
PDD Financial Analysis
PDD Financial Planning

Corequisites

No corequisite courses.

Equivalencies

No equivalent courses.

Course Guidelines

Course Guidelines for previous years are viewable by selecting the version desired. If you took this course and do not see a listing for the starting semester / year of the course, consider the previous version as the applicable version.

Course Transfers

These are for current course guidelines only. For a full list of archived courses please see https://www.bctransferguide.ca

Institution Transfer Details for FINC 2300
Langara College (LANG) LANG FMGT 1XXX (3)
Simon Fraser University (SFU) No credit
Thompson Rivers University (TRU) TRU FNCE 2XXX (3)
University of Northern BC (UNBC) UNBC COMM 2XX (3)
University of the Fraser Valley (UFV) UFV BUS 245 (3)
University of Victoria (UVIC) UVIC COM 2XX (1.5)

Course Offerings

Winter 2023

CRN
Days
Dates
Start Date
End Date
Instructor
Status
CRN
12953
Wed
Start Date
-
End Date
Start Date
End Date
Instructor Last Name
Lu
Instructor First Name
Anderson
Course Status
Waitlist
Max
Enrolled
Remaining
Waitlist
Max Seats Count
35
Actual Seats Count
35
0
Actual Wait Count
8
Days
Building
Room
Time
Wed
Building
Anvil Office Tower
Room
709
Start Time
12:30
-
End Time
15:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
CRN
14221
Thu
Start Date
-
End Date
Start Date
End Date
Instructor Last Name
Lu
Instructor First Name
Anderson
Course Status
Waitlist
Max
Enrolled
Remaining
Waitlist
Max Seats Count
35
Actual Seats Count
35
0
Actual Wait Count
9
Days
Building
Room
Time
Thu
Building
Anvil Office Tower
Room
608
Start Time
12:30
-
End Time
15:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
CRN
14269
Wed
Start Date
-
End Date
Start Date
End Date
Instructor Last Name
TBA
Instructor First Name
(Faculty)
Course Status
Open
Max
Enrolled
Remaining
Waitlist
Max Seats Count
35
Actual Seats Count
22
13
Actual Wait Count
0
Days
Building
Room
Time
Wed
Building
Anvil Office Tower
Room
608
Start Time
15:30
-
End Time
18:20