Course Outline
Course Information
Course Code and Title:
FIPL-1000 Financial Planning Fundamental
Course Section:
Section #128473
Department:
School of Continuing Education
Program:
Financial Planning
Total Hours:
48
Credit Hours:
3
Course Description:
Provides students with the fundamentals of financial planning. Topics include the
financial planning process, financial objectives and money management, tax planning,
financing, investment planning, estate planning, retirement planning, and risk
management.
Recognition of Prior Learning (RPL):
RPL (also known as PLAR – Prior Learning Assessment and Recognition) is a process in which
individuals have the opportunity to obtain credit for college level knowledge and skills gained
outside the classroom and/or through other educational programs. It is a process which
documents and compares an individual’s prior learning gained from prior education, work and life
experiences and personal study to the learning outcomes in College courses/programs. For more
information about RPL at Red River College, refer to the RPL website at
http://www.rrc.mb.ca/index.php?pid=404. Contact Sabina Pehlich at 204.631.3440 for information
regarding RPL processes and opportunities for this course. For general information and
assistance with RPL, contact Red River College’s RPL Advisor at 204.632.3094.
Academic Requisites:
No pre- and co-requisites
Course Equivalencies:
None - if an applicant is already in the financial services sector for a number of years
then they could challenge the examination. As they are expected to be in the sector and
the knowledge tested pertains to the sector, no materials are provided for preparation.
Course Delivery Methods:
Classroom:
The following communication tools will be used in this course:
Email, Online content: http://www.wakefamily.net/rrc/main.htm
Course Format:
This course is delivered in an in-class lecture format. There are group activities
and participation opportunities in each lecture. While the group assignment may
entail meeting outside of class hours in a different location, that is dependent on
the group.
Effective Date:
August 25, 2015
Instructor Information
Instructor’s name: Jerry Wake, B.A., B. Ed., C.A.E., CFP™ Email:
jerry@wakefamily.net (preferred communication method)
Cell: 204.479.9756
Office location: Off campus
Office hours: By appointment only (usually prior to class)
Student Readiness
Technology & Equipment Readiness:
Calculator: TI(Texas Instruments) BA II Plus (other financial calculators permissible but
NOT supported)
Computer, Printer & Internet: This course has a webpage
http://www.wakefamily.net/rrc/main.htm with communications and support
materials posted to it throughout the course. (Non-printing access can be obtained
at the college).
Student Commitments and Contact Times:
Weekly evening attendance: 3.25 hours/week, Mondays 6:00pm - 9:15pm, P315, Roblin
Centre.
Course Resources:
Textbook(s):
Personal Finance: Third Canadian Edition, Jeff Madura & Hardeep Singh Gill,
ISBN: 978-0-13-303557-5
References:
1) Participants must provide a TI BA II Plus Financial Calculator. This is the
only calculator supported in this series of courses.
2) Participants will need to gather from financial institutions brochures, annual
reports and prospectuses on the various financial products outlined on the
course website.
3) Participants will need to supply two copies of blank Income Tax forms the
government provides to complete the Income Tax assignment.
Student Learning
Learning Outcomes:
By the end of this course of study, you should be able to....
1) Understand the Personal Financial Planning process and its various
components and steps.
2) Describe certain available investment / financial products as well as the
theory of their use in financial planning.
3) Gain the ability to use a financial calculator in determining the time value
of money.
Instructional Schedule:
Class #:
Topic
Assignments
1
Introduction
Chapter 1
Oral presentation assigned
2
Time Value of
Money
Chapter 2
Must have calculator for this class
3
Money
Management
Chapter 3
4
Credit
Management
Chapter 6, 7, & 8
5
Financial
Economics
6
Income
Taxes
7
Income
Taxes
Chapter 5 (Case study assigned)
Chapter 4
Must bring the tax return forms (2sets) to this class
(Income tax assignment assigned)
Continued & Mid-Term Exam in class
8
Risk
Management
Chapter 9
9
Investment
Planning
Chapter 10
10
Investment
Products
11
Investment
Products
(con’t)
12
Retirement
Planning
Chapter 14
13
Estate
Planning
Chapter 15
14
Group Case
Presentations
15
Final Exam
Chapter 11, 12, & 13
(Income tax assignment due)
All Group & Oral Presentations Due
Important Dates:
NOTE: The following dates are subject to change based on the needs of the students at the
instructor’s prerogative. Students will be notified ahead of time of any changes.
Date
Important Information
September 14, 2015
First Class
September 21, 2015
All students must bring the TI BA II Plus Calculator. Withdrawal
from this course by beginning of this class with notification to
the Continuing Education Office will allow for a refund of tuition
fees less administration fees.
October 9, 2015
All students must bring two sets of Tax Return forms
October 13, 2015
Make-up class (same time) for Thanksgiving Monday Oct. 12/15
October 26, 2015
Optional mid-term exam in class
November 16 &
November 23, 2015
All students must bring their information on financial
products
November 23, 2015
Income tax assignment due at the beginning of this class
November 30, 2015
Final date for voluntary withdrawal – Must apply prior to
close of business at Student Central.
December 14, 2015
Oral presentations must be completed by the end of this
class
December 14, 2015
Group presentations due
December 21, 2015
Final exam in class
Assessment and Evaluation:
Assessment methods
(e. g. Exams, tests, assignments, papers, capstone
projects, etc)
Weight
Class participation (involvement, exit slips & assignments)
10%
Complete and present a graphic organizer depicting the six step
financial planning process.
Complete in order to
write final + part of
participation
Complete a tax return.
Complete in order to
write final + part of
participation
Complete a group case study and present solutions.
Complete in order to
write final + part of
participation
Optional mid-term exam (20% or 0% of your final grade - if you
choose not to write the mid-term or do better on the final then
your mid-term would be worth 0%).
20% or 0%
100 question multiple-choice final exam.
70% or 90%
Total:
100%
Letter Grade Distribution
A+
4.5
90 to 100%
A
4.0
80 to 89%
B+
3.5
75 to 79%
B
3.0
70 to 74%
C+
2.5
65 to 69%
C
2.0
60 to 64%
D
1.0
50 to 59%
F
0.0
0 - 49%
Minimum performance requirement for this course: C (60%).
Course Policies
General Academic Policies:
It is the student's responsibility to be familiar with and adhere to the Red River College
(RRC) Academic Policies. Pay particular attention to course withdrawal dates as a
failing grade may have to be accessed if proper procedures are not followed (Final VW
date is the close of business November 30th, 2015). These Policies can be found in the
RRC calendar or online under “A SERIES – ACADEMIC MATTERS at
http://www.rrc.mb.ca/index.php?pid=4523.
Supplementary Policies:
The mid-term exam is optional. If you choose to or cannot write the mid-term exam
then the final exam will constitute 90% of your final mark. There will be no make-up
exam. If you choose to write the mid-term exam then your final mark will be a blend of
the mid-term at 20% and the final at 70% or the final alone at 90%, whichever method
produces the highest grade. The remaining 10% comes from a blend of exit slips,
overall effort shown in assignments & class participation.
You must complete the assignments (1, 2 & 3) to qualify to write the exam. Your final
mark may be reduced by up to 5% per week past the due date until assignments are
completed. You will not be able to write the final exam until they are completed and may
incur additional costs to write the final exam. The income tax assignment is due prior to
class on November 23, 2015. All oral and group presentations must be completed on
the night of December 14, 2015 but time may be booked in advance with me – 2 slots
before each class, 2 slots during each break if you wish to complete the oral
presentation early.
A make-up class for Thanksgiving Monday October 12th, 2015 will be held at the same
time on Tuesday October 13th, 2015 in the same classroom or a sign will be posted on
the door specifying the alternate location. In the event of any further unforeseen class
cancellations a make-up class will be on the first available Tuesday in order to respect
the winter break timing.
Students are able to withdraw with full refund (less $40 administration fee) if they notify
the registration office before the start of the second class. After that time there will be
no refunds.
Date revised: August 25, 2015
Disability Statement:
If you are a student with a disability and require reasonable accommodations, you are
encouraged to discuss this privately with your instructor to facilitate greater understanding
of your learning needs. To receive accommodations, you also must connect with
Counselling and Accessibility Services who will assist in developing and implementing your
accommodation plan.
You can contact Counselling and Accessibility Services in person at NDC (D102) or EDC
(P210) or by filling out the online intake form which can be found on our website at:
http://www.rrc.mb.ca/index.php?pid=706.
For further information about RRC’s accommodation process, see the Handbook for Students with
Disabilities at: http://www.rrc.mb.ca/files/file/disabilities/handbook.pdf
Authorization:
Melissa Fontaine, acting Program Manager, School of Continuing Education, electronically
approved this course outline in September of 2015.
©Red River College 2015