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Course Name (English)
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PERSONAL FINANCIAL PLANNING
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| Course Code |
FIN533 |
| Course Description |
This course provides the framework of financial planning by focusing on managing and organizing personal financial resources which govern the activity for all of the financial planning disciplines. This course covers the fundamentals of personal financial planning for students to improve their understanding of the tools of personal financial planning in order to better manage their financial affairs. It incorporates an overview of personal financial planning and its importance, money management, time value of money, maintaining personal financial statements, tax planning, consumer credit, insurance planning, investment planning, retirement planning, and estate planning.
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| Transferable Skills |
reflective learner
demonstrate ability to identify and articulate self skills, knowledge and understanding confidently and in a variety of contexts |
| Teaching Methodologies |
Lectures, Field Trip, Case Study, Tutorial, Discussion, Presentation, Industrial Talk, Collaborative Learning |
| CLO |
| CLO1 |
Apply the knowledge and understanding of concepts and principles of personal financial planning and provide solutions for problem solving. (PLO2) (C3) |
| CLO2 |
Analyze numerical and graphical financial data related to assist current and future financial planning and decision making. (PLO7) (C4) |
| CLO3 |
Demonstrate teamwork skills in tasks related to issues in personal financial planning and demonstrate collaborative work with community. (PLO4) (A3) |
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| Pre-Requisite Courses |
No course recommendations |
| Topics |
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1. Introduction
1.1) Importance of financial planning
1.2) Personal financial goals
1.3) Time value of money and risk tolerance
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2. Personal financial statement
2.1) Balance sheet and financial ratios
2.2) Cash flow
2.3) Cash budget
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3. Tax planning
3.1) Importance of tax planning
3.2) The income tax act 1967
3.3) Computing chargeable income and tax liabilities
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4. Consumer credit
4.1) Open accounts credit
4.2) Consumer loan
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5. Risk management and life insurance
5.1) Risk management
5.2) Life insurance planning
5.3) Principle of Islamic insurance and takaful
5.4) Other types of insurance
5.5) Health and general insurance
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6. Investment planning
6.1) Basic of investment
6.2) Reward and risk for investment
6.3) Types of investment
6.4) Investment strategies
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7. Retirement planning
7.1) The importance of retirement planning
7.2) Source of retirement funding
7.3) EPF
7.4) Private retirement scheme
7.5) JPA/ pension
7.6) Personal savings
7.7) Retirement planning process
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8. Estate planning
8.1) Importance and process of estate planning
8.2) Estate planning instruments
8.3) Will
8.4) Faraid
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| Assessment Breakdown | % |
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| Continuous Assessment | 100.00% |
| Details of Continuous Assessment |
| Assessment Type |
Assessment Description |
% of Total Mark |
CLO |
| Assignment |
Individual Assignment
Your Family's Financial Planning |
20% |
CLO2
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| Final Test |
Selected Chapters |
30% |
CLO1
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| Group Project |
Group Project SULAM |
30% |
CLO3
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| Test |
Test 1 |
20% |
CLO1
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| Reading List | | Recommended Text | - Jack R. Kapoor,Les R. Dlabay,Robert James Hughes 2016, Personal Finance, 13th edition Ed., McGraw-Hill Professional Publishing [ISBN: 1260013993]
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| Reference Book Resources | - Hashim,M. 2015, Personal Financial Planning, Penerbit Press Universiti Teknologi MARA [ISBN: 9789673632206]
- E. Thomas Garman,Raymond Forgue 2017, Personal Finance, Cengage Learning [ISBN: 9781337099752]
- Maheran Nik Muhammad (Nik) 2014, Personal Financial Planning: Application and Approach for Malaysian Environment, Penerbit Press Universiti Teknologi MARA [ISBN: 9789673633500]
- Arthur J. Keown 2019, Personal Finance: Turning Money into Wealth, 8th edition Ed., Pearson [ISBN: 9780134730363]
- Mohamed Ariff,Shamsher Mohamad 2017, Islamic Wealth Management, Edward Elgar Publishing [ISBN: 1786439383]
- Randy Billingsley,Lawrence J. Gitman,Michael D. Joehnk 2020, Personal Financial Planning, 15th Ed., Cengage Learning [ISBN: 0357438480]
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| Article/Paper List | This Course does not have any article/paper resources |
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| Other References | This Course does not have any other resources |
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