Advance Personal Finance 2017 Assessment Booklet 代写
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Advance Personal Finance 2017 Assessment Booklet 代写
Advance Personal Finance 2017
Assessment Booklet
1.1 Overview
Table 1.1 – Assessment Schedule
Task Participants Value (%) Date due
Assessment 1 – Reflective Journal Student 10 4 Sep
5pm
Assessment 2 – Financial Plan Student 35 24 Oct
5pm
Assessment 3 – Plan Presentation Student
Practitioner
10 24 Oct
5pm
Final Exam 45 Exam week
The aim of these assessments is take you through the process of:
1. Collecting relevant personal and financial information;
2. researching and formulating solutions; and
3. presenting the appropriate recommendations.
Through these exercises, you will gain a better understanding of the steps taken to
effectively manage your personal finances and appreciate the complexity of skills needed
for financial planning.
1.2 Delivery of Unit Content
With the assistance of Curtin’s Office of Assessment, Teaching and Learning, the
delivery of the unit’s content has been altered to facilitate discussion and promote
participation.
The 3 hours in-class workshop is devoted to exercises, projects and discussions. These
activities will foster peer interaction, promote responsibility for one's own learning and
development, sustain intellectual curiosity and provide tools to know how to continue to
learn as a graduate. There will also be time devoted to answering your questions and
providing additional guidance on the assessment tasks. This allows for directed
coaching from your lecturer.
1.3 Communication
Written communication is preferred.
When sending emails to the unit coordinator, please use this format in your subject field:
PF, <last name>, <first name>, <student ID>, <location>.E.g. PF, Smith, John, 123456A.
The purpose of the email is written on the first line in the main body of the email. You
may not receive a prompt reply if you do not follow this format.
2/11
1.4 Assessment submission
All written assessments are to be submitted on Turnitin; no exceptions. They are to be
professional typed; no handwritten submissions. Your work must be assessable through
Turnitin. Scanned graphics will not be marked.
Do not email your assignment or additional attachments to your tutors/lecturer; they will
not be marked.
You are responsible to ensure that the assignment submitted is the correct and final
version. As you are allowed to make multiple submissions prior to the due date, you are
encouraged to submit your assignment the day before the due date. You would have a
submission in the system should an unforeseen circumstance occur on the due date.
1.5 Backing up your work
Please save your work often. You can consider services like icloud, Google drive,
Dropbox, Sugarsync, etc. Most providers allow you to control the frequency of the
automatic syncing. We recommend that you sync on every time your documents saves
and change your settings on your Microsoft word to auto save every 5 mins.
The student advisers and tutors are able to give some guidance on this if you need
assistance.
A hard drive/computer failure does not warrant an extension;
1.6 Plagiarism
Plagiarism (including self-plagiarism) is a serious offence.
All work above 20% similarity index will be referred to the student disciplinary panel for
investigation.
The investigation may take up to two month to finalise. If it is not finalised prior to the
release of the results, you will receive a F-IN grade.
If your work is submitted to the student disciplinary panel, you will be notified directly by
the student advisers via your official Curtin Oasis account.
You will be given an opportunity to provide an explanation to the disciplinary panel. Your
unit coordinator will not be involved in the process and will not be able to provide you
with any assistance in this matter. Interfering with the process will delay the
outcome of the investigation;
Please refer to Curtin’s plagiarism guide and utilize the checklist provided below:
o http://academicintegrity.curtin.edu.au/local/docs/StudentPlagiarismGuide.pdf
o http://academicintegrity.curtin.edu.au/local/docs/StudentChecklist.pdf
3/11
1.7 Assignment extensions
Do not send your extension requests to your unit coordinator.
In addition to the necessary paper work, you must also submit your work
completed to date together with your extension request. This is to show evidence
that you have started doing your assignment and have followed the recommended time
frames as described in this document.
We will accept it in any format; regardless of how incomplete your work is. This will
enable us to give a better assessment of your case.
Please note that if you have been granted an extension, the system will not allow you to
make multiple submissions on Turnitin after the initial due date.
4/11
2.1 Assessment 1 (10%) – Personal cash flow statement
Assessment 1 is an individual assessment that provides a foundational tool in personal
finance. It also allows you to reflect on your behaviour and provides an opportunity to
comment on ways to improve. This exercise will cover over four weeks and students are
encouraged to commence as soon as semester begins.
Objective: Record personal expenses over four (4) weeks and prepare a cash flow
statement (for the month) as a tool for reflective assessment of personal spending habits.
Please refer to chapter 5 of the textbook for background information on cash flow
statements.
You are to record your daily expenses over four week in an excel spreadsheet or any
relevant budgeting application. The categories must include the following:
Date Item Amount Description Classification
01/07/2017 Pizza $6.95 Meals Variable
03/07/2017 Telstra $49.95 Phone bill Fixed
You should have at least 10 different description categories (e.g. holidays, meals, Petrol,
etc.) but no more than 20. More categories would provide better insight to your spending
habits. Your expenses should be presented in a pie chart and summary table as follows
(example):
Row Labels Amt ($) %
Travel & Holidays 19,823 33%
House 9,144 15%
Insurance 6,536 11%
Car maintenance 6,251 10%
Groceries 4,295 7%
Meals & Alcohol 3,399 6%
Mobile & Phone 3,169 5%
Petrol 2,648 4%
Foxtel & iTunes 1,223 2%
Internet 1,068 2%
Work & Education 730 1%
Dental 708 1%
Recreation 675 1%
Taxi 594 1%
ATM Fees 229 0%
Grand Total 60,491
Discretionary 43%
Non‐discretionary 57%
You can use the categories listed above as a guide.
You are only recording your expenses for the month. However, you may multiply this by
12 months to give you a projected spending for the year. This may make it easier for you
to ascertain your surplus/deficit position.
Bills
17%
Council rates
2%
Donations
2%
Education
2%
Entertainment
12%
Fuel
2%
Home
10%
Insurance
9%
Medical
1%
Mortgage
15%
Phone
1%
Purchases
12%
Sports
15%
Summary of expenses
Bills
Council rates
Donations
Education
Entertainment
Fuel
Home
Insurance
Medical
Mortgage
5/11
Do not attach tables from your excel spreadsheet or data collection tool. You will only need
to submit this if you need to request for an extension.
Please provide an analysis of your personal cash flow statement (450 words). Your
analysis should cover a discussion of your surplus/deficit position, nature of your major
expenses, your experience of the exercise and your strategy for improving your cash flow
position.
You do not need to record your income. However, to determine your surplus/deficit
position, you will need an estimation. For some students, this may be income from your
job or for others, allowance from parents.
6/11
2.2 Assessment 1 - Marking rubrics
7/11
3.1 Assessment 2 – Financial plan formation (35%)
Objective: To formulate appropriate financial solutions tailored to a set of circumstances,
goals and objectives.
You are to review the information provided in the case study and with the knowledge
acquired in this unit, investigate various solutions to formulate a suitable plan to achieve
the stated goals and objectives.
You have to use the format provided in 3.4 to complete your financial plan.
This document will also be used to present your recommendations (Plan Presentation).
This presentation will occur on week 11. More details regarding the presentation will be
provided in the next section.
3.2 Assessment 2 Case study details
You are to assist Stacey Koh, aged 26, achieve her goal of purchasing her first home.
Stacey is currently working as a stock broker in a finance company earning annual
salary of $73,000 (excluding superannuation). On top of her base pay, she receives an
annual bonus of 2% of total sales for the year. Her last year’s bonus was $26,000. She
is uncertain if the bonus would be repeated given that she has yet to achieve her sales
target for the year.
She is currently renting an apartment near the city, paying a weekly rent of $300. She is
happy with her living arrangement as she catches a bus (two stops) to work. However,
her parents have urged her to buy a home so that she can start accumulating wealth.
They are able to give her $80,000 at the time of purchase to assist her if she needs it. As
properties in (or near) the city are very expensive, she will have to settle for a suburb in
the outskirts. The average cost of a small house is $400,000.
She currently has $20,000 in her bank transaction account and personal effects with an
estimated value of $10,000. She has 1,000 NAB (National Australia Bank) shares that
she bought 4 years ago with the inheritance money that she received from her
grandfather’s estate. She has a credit card with a $10,000 limit that she keeps for
emergency use. She has a 2001 Honda Civic with an estimate value of $5,000. Her car
is parked in a secure garage and she only uses it during the weekends. She has
accumulated $25,000 in her employer sponsored superannuation fund. Excluding her
rent, her annual expenses is about $20,000.
She is unsure of the cost and concessions associated with purchasing a property and
cash flow implications of being a home owner. If possible, she wants to purchase the
property without her parents’ help. She would be willing to sell her shares if it means that
she would be able to purchase the house within the 5 years’ timeframe. She would also
like to buy a new car in the next 2 years as her current one is getting old. The estimated
cost of a car that she likes is $20,000. She is unsure if she can afford to buy a new car
and house.
8/11
3.3 Assessment 2 Marking rubrics
9/11
3.4 Assessment 2 – Additional guidance
Pages Title Details
1 Front cover
• Your name
• Student ID
• Location/mode of study
2 Executive
summary
• One page
• Statement of present position (1 paragraphs, in words)
• Goals and objectives (point form with dollar amounts and time frame)
• Strategies and recommendations
• Outcome and projections (addressed how objectives are met,
projections have supported the outcomes)
3 Personal
Information
• Summary of personal background
• Goal and objectives (provide motivation, dollar amounts and time
frame)
3‐4 Financial
Information
• Personal balance sheet and calculate net worth
• Investigate how much are the shares worth today
‐ Visit http://www.asx.com.au/ or
https://au.finance.yahoo.com/
‐ Record the price of the share today and pick a date four years
ago to determine the profit or loss if the share were to be sold
‐ Check if there are dividends and attached franking credits
‐ Include dividend/interest income in tax calculations (see
chapter 10)
‐ Include Medicare levy in tax calculations
• Cash flow statement and calculate surplus position
5‐6 Initial
investigation
• Calculate how much can be saved each fortnight based on cash flow
statement. This will provide the maximum loan repayment amount.
Note that rent is no longer payable when the property is purchased
• Investigate the cost and assistance available for first homebuyers
• Calculate the future value of the property and deposit needed
• Discuss 2 options for purchasing the home (with and without selling of
shares)
• Discuss the possibility of not obtaining the financial assistance from
parents
• Points to note:
‐ Assume the loan to be 80% of the property purchase; lenders
mortgage insurance is not to be considered
‐ Research http://www.firsthome.gov.au/ for government
benefits eligibility
‐ Research
http://www.finance.wa.gov.au/cms/content.aspx?id=2011 for
stamp duty payable and concessions. Do not use non‐
government websites as the information may be incorrect
10/11
‐ Research fees and charges for property purchase using a bank
website (Most Australian banks website will have a calculator
to ascertain borrowing capacity and a guide to the fees and
charges)
‐ Ascertain how much funds will be needed to complete the
purchase:
= 20% of purchase price
‐ plus any government assistance
+ fees and charges
7 Initial
investigation
• Investigate an appropriate residential home loan rate; summarising
any specific conditions or restrictions
• Discuss between the following loan features:
‐ Fixed vs variable rate
‐ Offset vs redraw facility
‐ Principle and interest and interest only repayment
‐ Frequency of repayments (monthly vs fortnightly)
8 Initial
investigation
• Discuss the options for saving up for the home deposit via direct and
indirect investments; summarise the advantages and disadvantages of
each option
• Calculate the expected amount that would be accumulated. Explain
clearly why the investment may be appropriate, assuming that a
balanced risk profile is used
• Clearly state assumptions used in calculations
9 Strategy
presentation
• Recommend the solution that you feel is most appropriate
• Provide reasons to justify your recommendation
• Discuss the implications (financial and non‐financial) of purchasing a
home (in comparison with renting)
• Discuss the implications of selling investment assets
• Suggest an appropriate strategy to pay off the loan quicker
10 Outcomes • Making reasonable assumptions, prepare the cash flow statement
after the home purchase
Important
notes
• You do NOT need to recommend any products. Just concentrate on
recommending solutions. Any research made is to obtain the interest
rates and conditions attached to them. All research is to be included in
the appendix (screenshots are permitted)
• Do NOT promote or compare between products. For example, you can
recommend investing in a managed fund, but not Colonial First State
• Past student assignments posted are based on a different case study
and requirements. They should not be used as a template.
11/11
4.1 Assessment 3 - Plan Presentation (10%)
Objective: To verbally present the recommended strategies in a clear, succinct and
professional manner.
After formulating the strategy and documenting it clearly in the financial plan, you are
now ready to present the plan.
This is scheduled on week 13. Location and details will be provided later in the
semester.
You are given 15 minutes to present your plan and marks are awarded for keeping to the
allocated time. You are to ensure that you run through your presentation with someone
else prior to the interview.
4.2 Assessment 3 Marking Criteria
Marks will be awarded for their ability to:
20% Initiate the conversation and engage
20% Summarise the goals
10% Present the solution clearly
40% Clear, concise and professional presentation
10% Time management and overall experience
4.3 Important notes
The interview style should be casual but respectful. There is no need to dress up in
business attire. However, employers have in the past asked students to submit their
CVs or invite them for a job interview.
Make eye contact and engage; do not just read off your document.
Try running through the interview with a friend not doing this unit; they can give you
some feedback.
Always pause to check if the listener understood what you said.
Invite the listener to ask questions; that is the best way to ensure they are engaged.
Ensure you place tabs at the side of your financial plan to help you locate the
important areas.
12/11
4.4 Assessment 3 – Marking guide
Student’s
Name
Marker’s
Name
Personal
Q1. Introduction No introduction
Weak introduction Strong introduction,
Eye contact,
Warm smile
0 0.5 1
Q2. Engagement No engagement
Weak attempt to break the
ice
Made you feel
comfortable,
Showed concern
0 0.5 1
Planning
Q3. Recap goals Did not recap goals
Partial recap Mentioned all major goals
0 0.5 1
Q4. Establish scope of
presentation
Did not establish scope
Established the scope Established the scope and
explained why other areas
not covered
Advance Personal Finance 2017 Assessment Booklet 代写
0 0.5 1
Q5. Solution Not appropriate
Incomplete, incoherent Appropriate solution
provided, easy to follow
reasoning
0 0.5 1
Presentation
Q6. Presentation Unclear
Hard to follow, disjointed Clear, concise and easy
to understand
0 0.5 1
Q7. Use of aids Did not use any graphs or
charts
Incorrect usage of aids Appropriate use of graphs
and charts
0 0.5 1
Q8. Feedback No pause
Pause but did not invite
questions
Pause to allow for
questions, ensure you
understood
0 0.5 1
Q9. Conclusion No conclusion
Unclear direction Good conclusion and
clear explanation of next
steps
0 0.5 1
Q10. Overall Kept to the allocated time Engaging,
Effective
+0.5 +0.5
Comments
Total Score /10
Advance Personal Finance 2017 Assessment Booklet 代写
