The Professional Financial Management course gives the student a broad understanding of personal financial planning issues and techniques. The course will require the student to give informed advice on moderately complex personal financial planning scenarios. Technical knowledge areas will include debt, insurance, investment, with emphasis on financial analysis, retirement, estate planning, government benefits and taxation.
The course provides instruction on key topics including:
1. Overview of a financial plan.
2. Planning with personal financial statements.
3. Budgeting, savings and credit/debt management including mortgages.
4. Business and family law as it relates to financial planning scenarios.
5. Insurance: auto, property, health & disability and life.
6. Tax planning.
7. Retirement planning.
8. Estate planning.
9. Investment management: stocks, bonds, mutual funds, and asset allocation.
10. Integrating the components of a financial plan through cases.
Methods of Instruction
A combination of lectures, case studies, supplementary materials, and class presentations.
Means of Assessment
|Assignments or case studies
||10% - 25%|
|Major case study
||15% - 25%|
||20% - 30%|
||30% - 40%|
At the end of the course, the student should be able to:
1. Prepare personal financial statements for moderately complex financial planning scenarios.
2. Interpret and prioritize financial planning goals in a financial plan.
3. Incorporate debt management, asset management, risk management and tax planning strategies that allow investors to reach retirement and estate planning goals in moderately complicated financial planning scenarios.
4. Integrate government benefit programs such as CPP, OAS, RRSPs and TFSAs as well as pensions and investment planning into moderately complicated retirement and estate planning scenarios.
5. Provide advice on personal investment management.
6. Explain the role of law and fair and ethical business practices in preparing a personal financial plan.
7. Demonstrate application of the Certified Financial Planning Code of Ethics.
FINC 2300 with “C” or higher and
(FINC 3350 or FINC 3390) with “C” or higher
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.
Below shows how this course and its credits transfer within the BC transfer system.
A course is considered university-transferable (UT) if it transfers to at least one of the five research universities in British Columbia: University of British Columbia; University of British Columbia-Okanagan; Simon Fraser University; University of Victoria; and the University of Northern British Columbia.
For more information on transfer visit the BC Transfer Guide and BCCAT websites.
If your course prerequisites indicate that you need an assessment, please see our Assessment page for more information.