RFC121 - Introduction to Financial Planning and Economics

Outline information
Semester
Schools offering this subject
Last revision date Sep 30, 2019 12:06:07 AM
Last review date Dec 2, 2019 12:15:03 AM

Subject Title
Introduction to Financial Planning and Economics

Subject Description
This subject introduces students to the various aspects of the financial services industry and the discipline of financial planning. It is suitable for students who wish to pursue career studies in financial planning, leading to working in the industry.

Credit Status
One credit.

Learning Outcomes
Upon successful completion of this subject the student will be able to:

1. Explain the basic principles of personal financial planning.
2. Explain the financial planning process and the financial planning industry.
3. Prepare personal net worth statement, cash flow statement, and budget.
4. Identify potential cash management vehicles.
5. Explain the importance of an emergency fund.
6. Identify, analyze, and evaluate various consumer credit vehicles.
7. Analyze and evaluate personal debts, loans, leases, and mortgages.
8. Evaluate investment returns including time value of money.
9. Explain the basics of the elements of financial planning:

  • Tax Planning
  • Retirement Planning
  • Investment Planning
  • Estate Planning
  • Risk Management and Insurance

Academic Integrity
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Please visit the Academic Integrity website http://open2.senecac.on.ca/sites/academic-integrity/for-students to understand and learn more about how to prepare and submit work so that it supports academic integrity, and to avoid academic misconduct.

Discrimination/Harassment
All students and employees have the right to study and work in an environment that is free from discrimination and/or harassment. Language or activities that defeat this objective violate the College Policy on Discrimination/Harassment and shall not be tolerated. Information and assistance are available from the Student Conduct Office at student.conduct@senecacollege.ca.

Accommodation for Students with Disabilities
The College will provide reasonable accommodation to students with disabilities in order to promote academic success. If you require accommodation, contact the Counselling and Accessibility Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.