- Introduction to financial planning.
- Introduction to personal income tax.
- Calculating saving and investing requirements to reach goals.
- Mortgages and financing and other of financial services.
- Insurance products and planning.
- Government programs including OAS, CPP, GIS, RRSP, RESPs, RDSP, and TFSAs.
- Retirement planning.
- Wills and estate planning basics.
- Legal and ethical conduct in the financial services industry.
Lectures, in-class and online assignments, completion of own personal financial plan.
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%
30% - 40%
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.
Upon completion of the course, a successful student will be able to:
- develop effective financial planning goals;
- prepare personal financial statements (including a personal budget, cash flow statement, and statement of net worth);
- incorporate basic knowledge of personal income tax in financial planning decisions;
- consider and calculate various types of personal insurance needs and coverage options;
- describe and recommend relevant products and services available from financial institutions;
- describe and recommend general investment options (saving accounts, stocks, bonds, mutual funds, etc.) and types of accounts and their features for wealth management;
- conduct a financial analysis of mortgage qualification and renting versus buying a house;
- calculate and recommend strategies to achieve retirement and estate planning goals; and
- demonstrate in a responsible and accountable manner the legal, ethical and social parameters of the financial industry.
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
One of FINC 1231, FINC 1230, MATH 1120, MATH 1125, ACCT 1235, or ACCT 1210, or currently active in PDD Financial Planning or PDD Financial Analysis or PDD Accounting or PBD Accounting or PBD Accounting and Finance
No corequisite courses.
Courses listed here are equivalent to this course and cannot be taken for further credit:
- No equivalency courses
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.
|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)||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 -|