FIP508 – Comprehensive Financial Planning

School of Accounting and Financial Services, Winter - 2022

Addendum & Topic Outline

Subject Title
Comprehensive Financial Planning

Subject Description
Students will synthesize the technical knowledge they have learned in the other financial planning courses contained within the
Financial Planning (FIP) program. Students will cultivate skills that align with The FP Canada Standards Council Financial Planning
Practice Standards.

Credit Status
One credit.

Learning Outcomes
Upon successful completion of this subject the student will be able to:

 Engage an individual in the discovery process to collect and prepare the information required to assess an individual’s
situation.
 Assess an individual’s situation in support of identifying and evaluating appropriate strategies.
 Evaluate appropriate strategies in support of developing recommendations to optimize an individual’s situation.
 Prepare a comprehensive financial plan for an individual using financial planning software.
 Present financial planning recommendations to an individual in an effective way that motivates the individual to enact
the recommendations.

Mode of Instruction
Mode of instruction may include the following:  Interactive lectures, case studies.

Prescribed Texts
Notes and web content as provided by professor. Use your research and other course material to review topics of each session.

Reference Material
 Grable, John [et al]. The Case Approach to Financial Planning: Bridging the Gap Between Theory & Practice. Second
Edition. The National Underwriting Company. 2012
 Kapoor, Jack R. [et al]. Personal Finance. Sixth Canadian Edition. McGraw-Hill Ryerson. 2015
 Lytton, Ruth [et al]. The Process of Financial Planning: Developing a Financial Plan. Second Edition. The National
Underwriting Company. 2012
 Guide to Research & Citation: MLA Style. Seneca Libraries. Latest Version. Seneca College.

Modes of Evaluation
Student’s progress in this course will be assessed as follows:
Case study Assignment 20%
NaviPlan calculators Assignment 20%
Comprehensive Case – Final 30%
Quiz 1 15%
Quiz 2 15%
Contact information
Email: alex.abyaneh@senecacollege.ca

Week Topic Topic Assessment % Of Mode of Readings/Homework

of: Type Grad Instruction
e (Synchronous
or
Asynchronous
)
1 Jan 10 Financial Introduction to NaviPlan     Follow NaviPlan section
Planning NaviPlan Purchase yourself on NaviPlan
Introduction By January 16th (Mcmilan case)
Life Cycle
Hypothesis
2 Jan17 Understanding NaviPlan NaviPlan 20%   Follow NaviPlan section
the Client, Calculators calculator yourself on NaviPlan
Budget and assignment (Mcmilan case) & work on
Savings published NaviPlan calculator
Planning Assignment
(KYC, client’s
goals,
information,
client
interview,
net worth and
cash flow)
3 Jan 24 Loans & NaviPlan       Follow NaviPlan section
Mortgages Forecaster yourself on NaviPlan
(Credits, (Mcmilan case)
mortgage
marketplace,
key factors)
4 Jan 31 Registered NaviPlan Asset NaviPlan     Follow NaviPlan section
plans Allocation calculator yourself on NaviPlan
(TFSA, RRSP, Assessment assignment (Mcmilan case)
RESP, RDSP, Deadline (5pm
RRIF, LIF, LIRA of your Section
Day)

20%
Case study
Assignment Is
published
5 Feb 7 Tax Planning NaviPlan       Follow NaviPlan section
(Personal Entering Plan yourself on NaviPlan
income tax, Assumption (Mcmilan case)
minimizing Calculators
techniques, Assignment
incorporation,
Tax shelters)
6 Feb 14 Tax Planning NaviPlan   Follow NaviPlan section
(Personal Entering Net yourself on NaviPlan
income tax, Worth (Mcmilan case)
minimizing Information
techniques,
incorporation,
Tax shelters)
7 Feb21 Family Law NaviPlan  Quiz 1 15%   Follow NaviPlan section
 Entering Cash (Open) yourself on NaviPlan
Flow (Mcmilan case)
Information
8 Feb28 Study week
No sessions

9 Mar 7 Life Insurance NaviPlan  Deadline to     Follow NaviPlan section

OAS Entering Submit Quiz 1 yourself on NaviPlan
Government Strategies (5pm of your (Mcmilan case)
and Personal Section Day)
pension
programs
10 Mar 14 Annuity based NaviPlan       Follow NaviPlan section
products Entering yourself on NaviPlan
Insurance (Mcmilan case)
coverage and
Tax
detail
11 Mar 21 Estate planning Entering Goals   Follow NaviPlan section
1 yourself on NaviPlan
Will, Taxation (Mcmilan case)
12 Mar 28 Estate planning Examining   Follow NaviPlan section
2 Results and gene yourself on NaviPlan
POA, Trusts report (Mcmilan case)

13 Apr 4 Investments  Case study Quiz 2 15%    

Asset
allocation,
Portfolio
Theory Submit Case
study
Assignment
14 Apr 11 Investment’s Case study Deadline to
products Submit Quiz 1
Equities, Debt (5pm of your
securities, Section Day)
managed
products Final Case
study
published
15 Apr 18 Submit the 30%
final exam
before 5pm of
your Section
Day
Student Progression and Promotion Policy
Grading Policy
A+ 90% to 100%
A 80% to 89%
B+ 75% to 79%
B 70% to 74%
C+ 65% to 69%
C 60% to 64%
D+ 55% to 59%
D 50% to 54%
F 0%    to 49% (Not a Pass)
OR
EXC Excellent
SAT Satisfactory
UNSAT Unsatisfactory

For degree programs, the minimum requirement for promotion and graduation is an average of C+ (2.5) for subjects in the main
field of study [professional subjects], and an average of C (2.0) in all other subjects, and an overall average of C+ (2.5).
For further information, see a copy of the Academic Policy, available online
(http://www.senecacollege.ca/about/policies/academics-and-student-services.html) or at Seneca's Registrar's Offices.
Registrar's office

Policy on Missed Tests/Presentations and Late Assignments

Dates for tests, quizzes, exams, presentations etc. have been pre-arranged and are non-negotiable. Unless a valid medical note
or authenticated letter attesting to a valid reason for an absence is provided, a grade of zero will be assigned on any missed
evaluation. Note that there are no make-up quizzes or assignments; if a valid documented reason is provided, the weight of the
missed evaluation will be distributed across your course work.

Assignments and quizzes must be submitted by the specified date. Late submission of assignments will be subject to a penalty of
ten percent (10%) per day and will not be accepted beyond TWO (2) business days after the assignment due date. late
assignments will not be accepted, under any circumstance once the graded assignments have been returned to the class. It is
the responsibility of the student to ensure that a copy of all assignments is kept.
 
In the case of acceptable extenuating circumstance, your professor may grant an extension to a due date, but such extension
requests must be discussed prior to the assignment due date.
 
English Competency

The ability to communicate effectively is essential for success in business. Therefore, you must demonstrate English competency
in this subject in both oral and written work. Strive to be clear and concise. Ensure your written work is consistent with the rules
of English grammar, especially in sentence structure, spelling, and punctuation. Always spell check, edit, and proofread your
work.

Language Across the Curriculum Rubric 

 Clear    Confusing  
 Good Detail    Lacks Detail  
 Easy to Follow    Difficult to Follow  
 Answers Question    Evades Question  
Citation
 
For rules on citing your sources, consult Seneca Libraries' online MLA Citation Guide at http://seneca.libguides.com/mla, or
purchase a print copy of the Guide to Research & Citation: MLA Style in the Seneca Bookstore.
 
Ensure that you do not commit plagiarism. Information on academic honesty, including the Academic Honesty and Plagiarism
tutorial is available through the library at: http://seneca.libguides.com/academichonesty.

Course activities
This section explains what the expectation of you are, to complete FIP508:

Class Structure:
Each week our course it's going to have three sections. one section is dedicated to financial planning concepts. This section is
going to review the material that you probably have learned in other courses, but you need to have a comprehensive knowledge
to be able to use them when you are preparing a financial plan.
The second section is focused on preparing a comprehensive financial plan with NaviPlan. By following the course by yourself on
NaviPlan and practice, you are going to acquire hands-on knowledge on how to use the software.
And the third section is a question -and-answer session (office hour).

1. NaviPlan calculator
On the week of January 17th, the NaviPlan calculators’ questions will be published. You will be required to use NaviPlan
calculators to answer the 10 questions. For each question you need to choose which calculator to use and what is the answer
(result) to the question. By 5:00 PM of your section day on week of January 31st you must submit your answers in assignment
section of learn@Seneca. You must choose the calculator that you used for each question and the result from the multiple
choices provided. There will be two parts for each question therefore the total of 20 tests. This activity is going to have 20%
weight of your final grade.

2. Case study Assignment

On the week of January 31st, the case study assignment will be published. You will be required to complete this case study with
NaviPlan following week by week activities that we are doing on NaviPlan. By week 13 (week off April 4 th- before 5:00 PM of
your section day) your case must have been completed and you must submit a summary and the report as described in cates
study. This activity will have 20% of your final grade and will be created based on the quality (quantitative and qualitative) of the
report provided and the quality of the summary that you have written.

3. Quiz 1 and Quiz 2

As mentioned earlier a portion of this course is focused on comprehensive financial planning concepts beside using NaviPlan.
Quiz one and Quiz two are going to be two multiple choice quizzes each with 20 questions that are going to be focused on those
areas. Quiz one will be published on the week of February 21st, and you will have until 5:00 PM at the day of your section on the
week of February 28th to submit your quiz. Quiz one will be focused under concepts present it in the first half of the semester.
likewise quiz 2 would be focused on the concepts presented in the second half of semester. Quiz will be available on the week of
April 4th, and you will have time until 5:00 PM on the day of your section on the cuff April 11th 2 do your quiz. each of these
quizzes are going to have 15% of your final grade.

4. Final exam case study

your final exam will be in a case of study format. you are going to be required to complete a financial plan based on the case
study and provide a one-page summary and the report as described in the Kansas City. The case study of your final exam will be
published on the week of April 11th and the deadline is 5:00 PM EST of your section day on the week off April 18 th. Define all
cases study is going to have 30% of your final grade and it is going to be graded on the quality (quantitative and qualitative) of
the report and the one-page summary that you are providing. the correct input of the data, results, recommendations and the
writing quality will be graded.