Economic Principles (M)
The purpose of this module is to introduce students to the basic principles of macroeconomics and microeconomics so that they can understand economic events and the behaviour of the various economic agents involved, analyse their impact on markets and propose appropriate courses of action. To do this, the student should be able to utilise the tools of economic analysis to perform company and industry competitive analysis and should understand and be conversant with the various economic indicators used. Topic includes: Economics, individuals and households, Competitive markets, Markets in action, Firms, production and costs, Market structure I, Market structure II, Macroeconomic overview, Aggregate demand and aggregate supply, The monetary system, Monetary and fiscal policy, Economic growth and the business cycle and Macroeconomics and Financial Markets
Principles of Finance (M)
Risk and return are key concepts in investment. This module discusses the measurement of risk and return. The relationship between risk and return is examined through the various methods of valuation and asset pricing models. Capital budgeting techniques, cost of capital and issues of capital structure are also covered as these enable the student to assess the investment plans of companies. Topics include: Introduction Issues in Corporate Finance
Valuing Bonds and Shares, Capital Budgeting, Cash Flow Estimation and Analysis of Risk, Cash Flow Estimation and Analysis of Risk, Risk, Return and Capital Market Efficiency, Portfolio Management and Asset Pricing, Portfolio Management and Asset Pricing, Cost of Capital, Capital Structure and Leverage, Dividend Policy and Derivatives and Risk Management
Global Wealth Management (M)
This course examines diversification of risk management and portfolio measurement. The vital importance of asset allocation, both strategic and technical are explained and workshopped. The increasingly popular areas of financing infrastructure projects and private equity are examined. There is a growing global interest in Islamic banking, and therefore the history and current market position of popular Islamic financing products is studied. The rapid growth of the global funds management industry and the financial planning and advice industry are looked at and opportunities for investors explored. Topics include: Scope and magnitude of managed funds, Why invest in managed funds, Unlisted and listed Funds, Industry structure, Master Funds (platforms), Categories of Managed Funds, Investing in Funds, Fund services to investors, Measuring performance, Risk, Benefits of International, Diversification, Investing in Emerging Markets, The roles and responsibilities of a Dealer, Understanding investment markets, Islamic Banking and Finance, History of Islamic Finance
Current Market position, Islamic Windows, Profit vs Interest, Value of Money, Popular Islamic Financing Products, Mudaraba, Musharaka, Target Consumers, Supervision, International regulatory Bodies, The Australian Market, Dow Jones Islamic Market Indexes,
Alternative Investments, Private banking, Project and Infrastructure financing as an Investment, Investing in Shares & Bonds, Measurement of Risk, Derivatives, Types of contracts, Fundamentals of Diversification of Risk Management, Risk & Return, Moments of a Distribution, Capital Asset Pricing Model, Capital Market Line, The Passive Index Fund, Market Portfolio, Security Market Line, Under & Over Priced Securities, Active Fund management, 130 / 30 Funds, Portfolio Performance Measurement, Evaluating Portfolio Performance, Individual Investor Life Cycle, Investment Goals, Portfolio Management Process, Wealth Management Process, The Need for a policy statement, Constructing a Policy statement, Risk Objectives, Investment Objectives, Return Objectives, Liquidity, Investment Constraints, The Importance of Asset Allocation, Managing clients in Tough Markets, Belief based models, How do investors invest, How should investors invest, Behavioural model, The process of Global Wealth Management, Hedge Funds and styles of Hedge Funds, Multi-Strategy or Fund-of-Funds? and Aspects of Global Wealth Management – Financial Planning
Investment Advisory Process and Client Relationship Management
This course is designed to provide participants with the skills necessary to conduct formal interviews and maintain and ongoing service relationship with clients from various cultural backgrounds. It includes and analysis of cultural sensitivities and compares a range of methods for collecting relevant financial information to determine the client’s risk profile, credit rating, investment horizon and liquidity constraints. Participants will have the opportunity to develop skills through practicing client interviews and analysing case studies of financial planning strategies. Student will also develop the skills required to provide written recommendations to clients using a statement of advice, a statement
of additional advice and a record of advice. Topics include: Communication issues in global regions, The financial planning process, The client adviser relationship, Cash flow analysis and budgeting, Credit, debt and lending, Home ownership, Superannuation, Accumulation investment strategies, Statements of advice (accumulators), Retirement income products, Social security, Statements of advice (retirees), Presenting a statement of advice, Compliance and ethics, Ongoing client services and Financial planning client bases
Tax, Estate and Wealth Planning
This course covers three sections tax planning, estate planning and wealth protection. The tax planning section focuses on an overview of the Australian tax system & tax planning, taxation of investment structures, taxation of investment income, taxation of employer remuneration and international taxation. The term estate planning refers to the process of planning and implementing the orderly transfer of a person’s wealth in the vent of his or her death for the benefit of his or her intended beneficiaries. This section focuses on what are estate and non-estate assets, estate planning objectives, strategies to achieve objectives, specific strategies for estate planning, taxation issues relating to deceased estates and the estate administration process. Wealth protection focuses on principles of insurances, insurance as a risk management tool in financial planning, regulation of sales practices and types of insurance cover. Topics include: Overview of the Australian tax system and tax planning, Taxation of employee remuneration, Taxation of investment structures, Taxation of investment income, Investment and capital gains tax, International taxation, Estate Planning, An introduction to estate planning, What assets do we own “estate and non estate assets”, Estate Planning objectives, Strategies to achieve objectives, Specific strategies for estate planning, Taxation issues relating to deceased estates, The estate administration process, Issues relating to foreign laws, Principles of insurance, Insurance as risk management tool in financial planning, Regulation of sales practices and Types of insurance cover
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