Maricopa Community Colleges  FIN110   19946-99999 
Official Course Description: MCCCD Approval: 05/24/94
FIN110 19946-99999 LEC 3 Credit(s) 3 Period(s)
Introduction to Financial Planning
A survey of the financial planning process; introduction to regulations affecting financial planners; construction of financial statements; analysis of client's current financial situation; overview of economic environment; presentation of time value of money concepts; introduction to case analysis. Prerequisites: ACC111 or permission of instructor.
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MCCCD Official Course Competencies:
 
FIN110   19946-99999 Introduction to Financial Planning
1. Explain issues and concepts of financial planning and prepare financial plans. (I)
2. Describe basic economic concepts and how the concepts relate to monetary police, fiscal policy, business cycles, and financial institutions. (II)
3. Calculate and interpret the time value of money and apply the principles to capital budgeting and asset valuation. (III)
4. Analyze a financial statement and use the analysis for cash management and the management of debt. (IV)
5. Explain the ethical and professional considerations in financial planning. (V)
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MCCCD Official Course Outline:
 
FIN110   19946-99999 Introduction to Financial Planning
    I. Financial planning process
        A. Financial planning functions
          1. Interviewing clients, identifying goals and means
          2. Collecting, analyzing, and evaluating client data
          3. Explaining issues and concepts of financial planning
          4. Preparing financial plans
          5. Selecting/implementing financial strategies, plans, products
          6. Monitoring financial plans, alternate strategies, products
          7. Collaborating with other professionals
          8. Complying with regulations
        B. Gathering client data
          1. Sources of data
          2. Identifying financial data necessary to create a financial plan for a client
          3. Assessing client attitudes, values, and expectations
          4. Constructing personal financial statements
        C. Identifying financial strengths and weaknesses in a clientÕs situation
        D. Sources, uses, and interpretation of planning information
        E. Utility, risk, and client behavior
          1. Client attitudes
          2. Client knowledge
          3. Client behavior
        F. Financial planning for special needs
          1. Sources of financial aid for educational goals
          2. Options for funding education
          3. Other special needs and options
      II. Economic environment
          A. Basic economic concepts
            1. Inflation/deflation
            2. Interest rates
            3. Supply/demand
            4. Life cycle hypothesis
            5. Statistical series and reports used to chart economic activities
            6. Probable causes and effects of changes in economic activities
            7. International economics
          B. Terminology relating to monetary and fiscal policy
          C. The business cycle
            1. Terminology relating to the business cycle
            2. Phases of the business cycle given an economic activity or statistical trend
          D. Financial institutions
            1. Characteristics
            2. Safety and regulation
        III. Time value of money
            A. Calculating and interpreting time value of money
              1. Future value using single sums
              2. Present value using single sums
              3. Number of compounding periods using single sums
              4. Interest rate using single sums
              5. Inflation-adjusted interest rates
              6. Annuities
            B. Capital budgeting techniques
              1. Net present value
              2. Internal rate of return
            C. Asset valuation for financial planning functions
          IV. Financial analysis
              A. Budgeting
                1. Cash management
                2. Emergency fund planning
                3. Debt management/uses of debt
                4. Liquidity ratios
              B. Personal use-assets management
                1. Use of debt
                2. Home equity
                3. Types of mortgages
                4. Buying vs leasing
                5. Refinancing
            V. Ethical and professional considerations in financial planning
                A. Regulatory requirements
                  1. Registration and licensing
                  2. Sources of information
                B. Ethical and professional considerations in financial planning
                  1. IBCFP Code of Ethics
                  2. Representation of related clients
                  3. Unauthorized practice of law
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