STELLA MARIS COLLEGE (AUTONOMOUS), CHENNAI - 600 086

 

General Elective Course Offered by B.Com (Accounts and Finance) to students of

B.A / B.Sc. / B.Com. / B.Com CS / B.B.A / B.C.A. / B.V.A Degree Programme

 

SYLLABUS

(Effective from the academic year 2019-2020)

 

PERSONAL FINANCIAL PLANNING

 

CODE:19AF/GE/PF22                                                                                          CREDITS:2

                       L T P:2 0 0        

                     TOTAL TEACHING HOURS:26

 

OBJECTIVES OF THE COURSE

·   To enable students to realise the relevance of financial planning

·   To help students set up financial goals

·   To assist students in identifying suitable investment instruments  

 

COURSE LEARNING OUTCOME

On successful completion of the course, the students will be able to

 

·   Set up their financial goals

·   Identify their risk appetite

·   Choose the areas of investment

·   Formulate their financial plan.

 

Unit    1                                                                                                                         (9 Hours)

            Financial Planning                                                               

            1.1 Meaning and Importance

            1.2 Personal Financial Goals and Life Cycle Approach

            1.3 Elements and Structure of Personal Financial Plan

            1.4 Process of Personal Financial Planning

 

Unit    2                                                                                                                         (8 Hours)

            Monetary Management                                                                   

            2.1 General Principles of Monetary Management

            2.2 Process of Cash Flow Planning and Budgeting

            2.3 Tax Implications on Financial Planning

 

Unit   3                                                                                                                          (9 Hours)

          Risk Assessment and Investment Options                            

          3.1 Individual Risk Assessment

          3.2 Needs and Benefits of Investing

          3.3 Investment Options for Individual Investors – Shares, Bonds, Mutua  Funds, Real                         Estate, Fixed Deposits, PPF, NPS, Gold and Bullion Investments

 

BOOKS FOR STUDY

Kapoor, J R, Dlabay and Hughes R, Personal Finance, McGraw Hill, 12th Edition.

Madura, Jeff. Personal Finance. Pearson

BOOKS FOR REFERENCE

Praharaj Prakash, Your Everyday Guide to Personal Finance & Insurance, TV 18 Broadcast

Limited, 2015

Rachel, Siegela and Carol Yacht. Personal Finance. Saylor Foundation, Flat World

Knowledge

Tillery Susan Et.al, Essentials of Personal Financial Planning, AICPA, 2017­

Mahajan Vinay, Power of Planning: Personal Financial Planning Book, Wordit Content Design and Editing Service Private Limited, 2017

 

JOURNALS

Journal of Wealth Management

The Insurance and Investment Journal

Journal of Individual Financial Management

 

WEB RESOURCES

www.saylor.org

www.bogleheads.org

www.planningalt.com

 

PATTERN OF ASSESSMENT

Continuous Assessment Test:                    Total Marks: 25                        Duration: 1 Hour

 

Other Components:                                    Total Marks: 25

Assignments/Objective Test/Quiz/Class Presentation

 

No End-Semester Examination