Course PERSONAL FINANCIAL PLANNING

UNIVERSITI TEKNOLOGI MARA
FIN533: PERSONAL FINANCIAL PLANNING

Course Name PERSONAL FINANCIAL PLANNING APPROVED
(English) FIN533

Course Code

MQF Credit 3

Course This course provides the framework of financial planning by focusing on managing
Description and organizing personal financial resources. It incorporates insurance planning which
stresses the importance of protecting financial resources, investment planning for
growth of resources, and long-term planning for old age survival.

Transferable Skills reflective learner
demonstrate ability to identify and articulate self skills, knowledge and understanding
confidently and in a variety of contexts

Teaching Lectures, Case Study, Tutorial, Discussion, Presentation, Debates, Role Play
Methodologies

CLO CLO1 Analyse current and future financial plans for individual and family. (PLO6)

CLO2 Perform self-directed learning skills related to decision making on personal
financial issues and planning (PLO7)

CLO3 Demonstrate teamwork skill in tasks related to personal financial planning.
(PLO5)

Pre-Requisite No course recommendations
Courses

Topics

1. Introduction
1.1) Importance of financial planning
1.2) Personal financial goals
1.3) Time value of money and risk tolerance

2. Personal financial statement
2.1) Balance sheet and financial ratios
2.2) Cash flow
2.3) Cash budget

3. Tax planning
3.1) Importance of tax planning
3.2) The income tax act 1967
3.3) Computing chargeable income and tax liabilities

4. Consumer credit
4.1) Open accounts credit
4.2) Consumer loan

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

6. Investment planning
6.1) Basic of investment
6.2) Reward and risk for investment
6.3) Types of investment
6.4) Investment strategies

Faculty Name : FACULTY OF BUSINESS MANAGEMENT Start Year : 2018
© Copyright Universiti Teknologi MARA Review Year : 2018

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

8. Estate planning
8.1) Importance and process of estate planning
8.2) Estate planning instruments
8.3) Will
8.4) Faraid

Faculty Name : FACULTY OF BUSINESS MANAGEMENT Start Year : 2018
© Copyright Universiti Teknologi MARA Review Year : 2018

Assessment Breakdown %
Continuous Assessment 60.00%
Final Assessment 40.00%

Details of Assessment Type Assessment Description % of Total Mark CLO
Continuous Assignment Assignment 20% CLO2
Assessment Case Study Case Study 20% CLO3
Test Test 10% CLO1
Test Test 10% CLO1

Reading List Recommended Gitman, L. G., Billingsley, R. S., & Joehnk, M. D. 2014,
Text Personal Financial Planning, Cengage Learning

Reference Hashim,M. 2015, Personal Financial Planning, Penerbit Press
Book Universiti Teknologi MARA Malaysia
Resources
Nik Muhammad, N. M. 2014, Personal Financial Planning:
Application and Approach for Malaysian Environment,
Penerbit Press Universiti Teknologi MARA Malaysia

Kapoor, J., Hughes, R. J., & Dlabay, L. 2011, Personal
Finance, McGraw-Hill Education

Winger, B. J., & Frasca, R. R. 2005, Personal Finance: An
Integrated Planning Approach, Prentice Hall

Garman, E. T., & Forgue, R. 2017, Personal Finance, Cengage
Learning

Article/Paper List This Course does not have any article/paper resources
Other References This Course does not have any other resources

Faculty Name : FACULTY OF BUSINESS MANAGEMENT Start Year : 2018
© Copyright Universiti Teknologi MARA Review Year : 2018