Finance 310 – Personal Financial Management – Fall 2006 (Sec. 4)


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Finance 310 – Personal Financial Management – Fall 2006 (Sec. 4)

  1. 1. FIN 310 Syllabus CALIFORNIA STATE UNIVERSITY, FULLERTON COLLEGE OF BUSINESS AND ECONOMICS Department of Finance Syllabus Finance 310 – Personal Financial Management – Fall 2006 (Sec. 4) Tuesdays and Thursdays: 2:30PM- 3:45PM Room: LH 315 Instructor: Jeff C. Parsons, CFP® Phone: 714-278-7571 Office: CP 650-11 Web: Office Hours: TR 1:00-2:00 PM E-mail: Course Description Using a lecture and discussion teaching format, this course is designed to develop an understanding of the issues and strategies in the financial planning process for individuals and their families. Topics for discussion include: development of a financial plan, budgeting, credit management, tax preparation and planning, major purchases, insurance needs (health, life, auto and homeowners), investment choices, and retirement and estate planning. The course stresses the importance of financial planning as it relates to the psychological and physical well being of the individual and the family. The course will also discuss the impact of gender, ethnicity and cultural background in the financial planning process. About the Instructor Jeff C. Parsons has twenty years of senior management experience in the area of corporate and personal finance. During 1987 through 1999 he served as the Chief Financial Officer of a national mortgage and financial services company. Mr. Parsons is currently President and Senior Planner of Alpha Financial Consultants, Inc., a registered investment adviser. Mr. Parsons is a Certified Financial Planner (CFP®) certificate holder, a licensed California real estate broker, and life and health insurance agent. Mr. Parsons has served as adjunct faculty for several universities teaching in the subject areas of corporate finance, personal finance, and real estate. Required Text: Personal Finance, Turning Money into Wealth, Fourth Edition-Updated, by Arthur J. Keown. Prentice Hall (2007). Other Required Materials: 1) Workbook to above text … included with purchase of text. 2) Orange County Register/ Los Angeles Times … Sunday Business Section or other personal finance magazine such as Money, Kiplinger’s, etc. 3) Standard hand held calculator. Recommended Materials: 1) Financial calculator (TI BAII+ or other financial calculator) Course Objective This course is designed to provide the student with skills to manage their personal and family financial affairs. This will be accomplished by understanding the process of budgeting, credit management, tax planning, making major purchases, utilizing insurance for personal and 1
  2. 2. FIN 310 Syllabus property protection, and providing for the future by means of investment and retirement planning. The student will also understand the impact of culture and background on attitudes toward saving and planning for the future as well as the impact of health in financial planning. Evaluation Procedure Percentage Points (1000) Midterm Exam 20% 200 Term Paper 15% 150 Daily Quizzes/Assignments 15% 150 Class Participation 20% 200 Comprehensive Final Exam 30% 300 1. Plus/Minus grading will be used in this course. You will earn the following grade if your weighted average course score falls within the following percentiles: 98-100%=A+; 94-97%=A; 90-93%=A-; 88-89%=B+; 84-87%=B; 80-83%=B-; 78-79%=C+; 74-77%=C; 70-73%=C-; 68-69%=D+; 64-67%=D; 60-63%=D-; <60%=F … Additionally, a curve may be applied to these scores. 2. Some homework assignments are contained in the Course Outline; others may be assigned during class. Homework assignments may or may not be collected in class, however, it is expected that the student will complete these in order to be prepared for class discussion, understand the material, master the Finance 310 competencies, and perform well on the exams. Late assignments will only be accepted up to one week after due date and receive a 20% reduction in grade. 3. Term Paper – Students shall select a topic for a term paper from a list provided. The term paper shall consist of at least five but no greater than eight double-spaced typewritten pages not including reference list and title page. At least 3 references (other than textbook) must be cited. The term paper will not be evaluated on quantity. Fewer well thought out pages, properly applied to topics discussed in the course will receive a higher score than term papers with extensive fill material. Plagiarism of another author’s work will result in a zero for the assignment. 4. You are expected to read the assigned chapters/reading materials before class. There will be unannounced quizzes/exercises given through out the session. 5. NO MAKE-UP EXAMS/QUIZZES/ASSIGNMENTS WILL BE GIVEN. The course outline lists dates for the exams. You are responsible to take the exams whenever it is given, even if the date changes. You must take each exam with the section in which you are enrolled. 6. The instructor’s expectations of you include respect and courtesy for the instructor and fellow students. Please avoid disruptive classroom behavior including cell phone calls, beeper noise, and chatting. Disruptive behavior will be grounds for reduction of class participation grade. Course Policy 1. Dates and terms for withdrawal from this class are as outlined for the CBE in the Course Schedule. 2
  3. 3. FIN 310 Syllabus 2. CSUF student ID must be displayed during all exams; exams will only be given to enrolled students that show a valid picture ID. 3. Academic dishonesty, as defined by University policy in the 2003-2005 CSUF Catalog, will result in appropriate University level disciplinary and academic action. The Department of Finance requires that students engaging in academic dishonesty receive a grade of F. In addition, Department policy requires that all individuals engaging in academic dishonesty be reported to the Vice President, Student Affairs. Academic dishonesty takes place whenever a student attempts to take credit for work that is not his/her own or violates test-taking rules. Examples of academic dishonesty during test taking include looking at other student's work, passing answers among students or using unauthorized notes. When students sitting next to each other have identical answers, especially the same mistakes, this may indicate academic dishonesty. Examples of academic dishonesty on out-of- class projects include submitting the work of others or quoting directly from published material without footnoting the source. 3
  4. 4. Fin 310 Syllabus COURSE OUTLINE Please Note: Course Outline Subject to Change. Date Chapter Topic/Assigned Reading Homework Assignments Due Tu 1 Class Introduction/ Aug 22 Financial Planning: An Overview Th 1 Financial Planning: The Financial Planning Aug 24 Process Tu 2 Measuring Your Financial Health and Wealth Get Acquainted Form Due Aug 29 Th 2 Measuring Your Financial Health and Making/ Aug 31 Budgeting Tu 3 Understanding the Time Value of Money Personal Financial Sep 5 Statements Due Th 3 Understanding the Time Value of Money / Sep 7 Calculating Loan Payments and other TVM Applications Tu 4 Understanding Income Taxation TVM Homework Problems Sep 12 Due Th 4 Understanding Income Taxation- Tax Sep 14 Planning Strategies Tu 5 Cash and Liquid Asset Management Sep 19 Th 5 Cash and Liquid Asset Management / Checks Goals Worksheet Sep 21 and Other Ways to Pay. Assignment Due Tu 6 Using Credit Cards: The Role of Open Credit Sep 26 Th 6 Managing Credit and Credit Reporting/Scoring Sep 28 Tu 7 Using Consumer Loans: The Role of Planned Oct 3 Borrowing Th 7 Auto and Other Consumer Loans/ Credit Report and Oct 5 Understanding Bankruptcy Assessment Due Tu 8 The Auto and Home Purchase Decision Oct 10 Th MIDTERM Covers Chapters 1-8 Oct 12 Tu 9 Understanding Life and Health Insurance / Oct 17 Proper use of Life Insurance and Annuities
  5. 5. FIN 310 Syllabus Th 9 Understanding Life and Health Insurance / Term Paper Outline Due Oct 19 LTC and Disability Insurance Tu 10 Property and Liability Insurance Oct 24 Th 11 Investment Basics / The Market Rates vs. Risk Rent vs. Buy Worksheet Due Oct 26 Tradeoff/ Unique and Market Risk Tu 11 Investment Basics / Asset Diversification and Oct 31 the Efficient Market Debate Th 12 The Securities Markets Nov 2 Tu 13 Investing in Stocks/ Valuation Techniques and Term Paper Due Nov 7 Investment Strategies Th 13 Investing in Stocks/ Valuation Techniques and Nov 9 Investment Strategies Tu 14 Investing in Bonds and Other Alternatives Nov 14 Th 14 Investing in Bonds and Other Alternatives / Nov 16 Investing in Real Estate Tu Fall Recess- No Class Nov 21 Th Fall Recess- No Class Nov 23 Tu 15 Mutual Funds: An Easy Way to Diversify Nov 28 Th 15 Mutual Funds: An Easy Way to Diversify / Nov 30 Electronic Exchange Traded (ETF) Funds Tu 16 Retirement Planning / Understanding Social Dec 5 Security Th 16 Retirement Planning / IRA’s, Pensions, 401 Funding Your Retirement Dec7 K’s and Other Savings Strategies / College Needs Worksheet Due Savings Plans Th Final Exam: 2:30-4:20 PM Covers Chapters 1-16 Dec 14 5