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Finance 310 – Personal Financial Management – Spring 2007 (Sec. 9)


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Finance 310 – Personal Financial Management – Spring 2007 (Sec. 9)

  1. 1. FIN 310 Syllabus CALIFORNIA STATE UNIVERSITY, FULLERTON COLLEGE OF BUSINESS AND ECONOMICS Department of Finance Syllabus Finance 310 – Personal Financial Management – Spring 2007 (Sec. 9) Wednesdays: 7:00 PM- 9:45 PM Room: UH 246 Instructor: Jeff C. Parsons, CFP® Phone: 714-278-7571 Office: CP 650-11 Web: Office Hours: MW 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. Optional 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. All assignments must be submitted via hardcopy. Emailed assignments will not be graded. 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. Term paper shall be completed in MLA or APA format. 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. 2
  3. 3. FIN 310 Syllabus Course Policy 1. Dates and terms for withdrawal from this class are as outlined for the CBE in the Course Schedule. 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 W 1 Class Introduction/ Jan 24 Financial Planning: An Overview 1 Financial Planning: The Financial Planning Process W 2 Measuring Your Financial Health and Get Acquainted Form Due Jan 31 Wealth 2 Measuring Your Financial Health and Making/ Budgeting W 3 Understanding the Time Value of Personal Financial Statements Due Feb 7 Money 3 Understanding the Time Value of Money / Calculating Loan Payments and other TVM Applications W 4 Understanding Income Taxation TVM Homework Problems Due Feb 14 4 Understanding Income Taxation- Tax Planning Strategies W 5 Cash and Liquid Asset Management / Feb 21 Checks and Other Ways to Pay. W 6 Using Credit Cards: The Role of Open Goals Worksheet Assignment Due Feb 28 Credit 6 Managing Credit and Credit Reporting/Scoring W 7 Using Consumer Loans: The Role of Credit Report and Assessment Due Mar 7 Planned Borrowing 7 Auto and Other Consumer Loans/ Understanding Bankruptcy
  5. 5. FIN 310 Syllabus W 8 The Auto and Home Purchase Decision Mar 14 Midterm Review W 9 Understanding Life and Health Mar 21 Insurance / Proper use of Life Insurance and Annuities Covers Chapters 1-8 MIDTERM M-F Spring Recess- No Classes Mar 26-30 W 9 Understanding Life and Health Term Paper Outline Due Apr 4 Insurance / LTC and Disability Insurance 10 Property and Liability Insurance W 11 Investment Basics / The Market Rates Rent vs. Buy Worksheet Due Apr 11 vs. Risk Tradeoff/ Unique and Market Risk 11 Investment Basics / Asset Diversification and the Efficient Market Debate W 12 The Securities Markets Apr 18 13 Investing in Stocks/ Valuation Techniques and Investment Strategies W 13 Investing in Stocks/ Valuation Term Paper Due Apr 25 Techniques and Investment Strategies 14 Investing in Bonds and Other Alternatives / Investing in Real Estate W 15 Mutual Funds: An Easy Way to May 2 Diversify 15 Mutual Funds: An Easy Way to Diversify / Electronic Exchange Traded (ETF) Funds 5
  6. 6. FIN 310 Syllabus W 16 Retirement Planning / Understanding Funding Your Retirement Needs May 9 Social Security Worksheet Due 16 Retirement Planning / IRA’s, Pensions, 401 K’s and Other Savings Strategies / College Savings Plans/ Final Exam Review W FINAL EXAM: 7:30-9:20 PM Covers Chapters 1-16 May 16 6