Personal Finance I

Faculty
Commerce & Business Administration
Department
Finance
Course Code
FINC 2300
Credits
3.00
Semester Length
15 Weeks X 4 Hours per Week = 60 Hours
Max Class Size
35
Method Of Instruction
Lecture
Seminar
Typically Offered
To be determined
Campus
Online

Overview

Course Description
This course applies the six step financial planning process to basic financial planning scenarios. Topics include setting goals, net worth and cash flow management, 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. Overview of financial products and services.
  5. Insurance products and planning.
  6. Government programs including OAS, CPP, GIS, RRSP and TFSAs.
  7. Retirement planning.
  8. Consumer credit rating, debt management and mortgages.
  9. Wills and estate planning basics.
  10. Legal and ethical conduct in the financial services industry.
Methods Of Instruction

Material will be presented within a lecture/discussion environment.

Means of Assessment
Term Tests and Quizzes (4-6)      40-50%
Final Examination  30-40%
Projects/Assignments     20-30%
Total 100%
Learning Outcomes

Upon successful completion of this course, students will be able to:

  1. develop 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 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

Requisites

Prerequisites

(FINC 1231 or FINC 1230 or MATH 1125 or approved substitute) or MATH 1120 with permission of instructor, or currently active in PDD Financial Planning.

Corequisites

Nil

Equivalencies

Nil

Requisite for

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

Institution Transfer Details Effective Dates
Langara College (LANG) LANG FMGT 1XXX (3) 2009/01/01 to -
Simon Fraser University (SFU) No credit 2004/09/01 to -
Thompson Rivers University (TRU) TRU FNCE 2XXX (3), Not for credit in the School of Business and Economics. 2015/05/01 to -
Thompson Rivers University (TRU) TRU BBUS 2XXX (3) 2011/09/01 to 2015/04/30
University of Northern BC (UNBC) UNBC COMM 2XX (3) 2004/09/01 to -
University of the Fraser Valley (UFV) UFV BUS 245 (3) 2009/01/01 to -
University of Victoria (UVIC) UVIC COM 2XX (1.5) 2004/09/01 to -

Course Offerings

Fall 2020

CRN
Days
Dates
Start Date
End Date
Instructor
Status
Location
34961
Fri
08-Sep-2020
- 07-Dec-2020
08-Sep-2020
07-Dec-2020
Fraser
Morna
Open
Online
This course will include synchronous on-line activities. Students should plan to be available on-line at scheduled course times.

Students who have a conflict with the scheduled course time may contact the Instructor to complete the course asynchronously.
Max
Enrolled
Remaining
Waitlist
35
27
8
0
Days
Building
Room
Time
Fri
12:30 - 15:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
Location
36807
Tue
08-Sep-2020
- 07-Dec-2020
08-Sep-2020
07-Dec-2020
Fraser
Morna
Open
Online
This course will include synchronous on-line activities. Students should plan to be available on-line at scheduled course times.

Students who have a conflict with the scheduled course time may contact the Instructor to complete the course asynchronously.
Max
Enrolled
Remaining
Waitlist
35
34
1
0
Days
Building
Room
Time
Tue
12:30 - 15:20