FI201 Personal Financial Management

for F1T 2008

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Mission Statement: The mission of Park University, an entrepreneurial institution of learning, is to provide access to academic excellence, which will prepare learners to think critically, communicate effectively and engage in lifelong learning while serving a global community.

Vision Statement: Park University will be a renowned international leader in providing innovative educational opportunities for learners within the global society.


FI 201 Personal Financial Management


F1T 2008 DL


Goss, Perry


Senior Instructor



Office Hours

By Arrangement

Daytime Phone



Semester Dates

Start: 08/25/08   Ending: 10/12/08

Class Days


Class Time




Credit Hours


Personal Finance by Kapoor, Dlabay and Hughes.  8th E  Irwin McGraw Hill.

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:

There are links provided with the course.  Particularly the respective Federal Reserve Bank links for each of the Districts in the USA.

Also, the Wall Street Journal may be found at most libraries or subscribed to as a student for a nominal amount.

McAfee Memorial Library - Online information, links, electronic databases and the Online catalog. Contact the library for further assistance via email or at 800-270-4347.
Career Counseling - The Career Development Center (CDC) provides services for all stages of career development.  The mission of the CDC is to provide the career planning tools to ensure a lifetime of career success.
Park Helpdesk - If you have forgotten your OPEN ID or Password, or need assistance with your PirateMail account, please email or call 800-927-3024
Resources for Current Students - A great place to look for all kinds of information
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FAQ's for Online Students - You might find the answer to your questions here.

Course Description:

A study of individual and family financial management concepts and techniques which assist persons to become informed consumers and efficient managers of personal resources. 3:0:3

Learning Outcomes:
  Core Learning Outcomes

  1. Manage household income.
  2. Manage household expenses.
  3. Develop a savings strategy.
  4. Describe the basic types of personal lines insurance.
  5. Develop an individual wealth creation plan.

Core Assessment:

The final exam for FI 201 will be the assessment tool used for this course. The exam will be comprehensive and the grade used to determine competency levels achieved by the students. The exam will be closed book and closed notes. The exam consists of multiple choice questions covering the chapter readings in the course and problems that examine the critical thinking, effective communication skills and technical skills of the student.   Partial credit will be given for the problems.

Class Assessment:

There is a homework assignment, unit journals, a project proposal/outline, a midterm text and a proctored final.  Also there is a term paper/project/financial plan to be completed.  The midterm is due the end of week 5.  The project is due the end of week 7 and the proctored final must be taken by the end of week 8.  Additionally, an assignment presented in one unit/week is normally due at the end of the following week.
Each weekly discussion item should be of approximately one page, double spaced in length and based on the readings for the unit.  This item is then turned in for credit to the unit drop box.
The paper is to be 3 - 5 pages in length with citations and based on a topic of the student's choice.  This topic is pre-approved during week 4.  A rubric will be presented in unit 4 to assist the student in this regard.

There is one homework assignment covering the time value of money worth 100 points, presented in unit one, due at the end of unit two.  The midterm is worth 100 points.  Presented in unit four, due at the end of unit five.  There is an outline of the project/paper/plan due worth 100 points.  Presented in unit four, due at the end of unit four. The final is worth 100 points taken during the last week of the session.  The project/paper/plan is also worth 100 points.  This item is due before the end of unit 7/week7.  Discussions are presented in each week [except units four and eight] and are due via the journal drop box before the end of the next unit.

The course grade for students will be based on the overall average of homework and tests taken during the course in accordance with the weighting of the various requirements as stated in the syllabus.

All final exams in all School of Business and Management courses will be comprehensive and will be closed book and closed notes. They will constitute 30% of the total course grade and will not be a take-home exam. They will be completed during the test week in the period designated by the registrar or by the Proctor in the case online courses. If calculators are allowed, they will not be multifunctional electronic devices that include features such as: phones, cameras, instant messaging, pagers, and so forth. Electronic Computers will not be allowed on final exams unless an exception is made by the Dean of the School of Business and Management.

Late Submission of Course Materials:
If an item is going to be submitted late, please seek prior approval from the instructor.

Classroom Rules of Conduct:
Please be professional in your dealings with other students.  An email warning will be sent to the student if conduct is inappropriate. If further instances occur, then the student will be referred to a Site Coordinator or other Academic Coordinator.

Course Topic/Dates/Assignments:

The readings schedule for this course is contained in the Course Home section entitled: "Readings Roll-out Schedule". Please refer to this for the exact chapter content for each week, or... essentially the Contents page of the text supplies the schedule and readings assignments for the course. Week 1: Planning Your Personal Finances. Journal due. Homework 1 is presented also. Week 2: Managing Your Personal Finances. Journal due. Homework 1 is due. Generally by this week an email from Main Campus will be distributed to the student providing information about the proctored final exam. It is the responsibility of the student to ensure that a suitable proctor is obtained and required arrangements are made. Week 3: Making Purchasing Decisions. Journal is due. Week 4: No additional readings due. Journal is due. However the student may use this week to catch up any late assignments, pre-planning of the final course project due during week 7 or begin work on the midterm exam which is due at the end of week 5.  The project/plan/paper outline is presented during this time frame for the project/plan/paper that is due at the end of week 7. This outline/proposal is due during week 4. This step will assist the student and the instructor in meeting the requirements for that project in a timely fashion during week 7. Week 5: Insuring Your Resources. Journal due. Week 6: Investing Your Financial Resources. Journal due. Week 7: Controlling Your Financial Future. Submission of the final version of the student's Comprehensive Financial Plan/Project/Paper. Journal due. Week 8: The proctored final exam must be completed during this week. A failure to complete this exam will result in a course grade of F.  No journal due.

Academic Honesty:
Academic integrity is the foundation of the academic community. Because each student has the primary responsibility for being academically honest, students are advised to read and understand all sections of this policy relating to standards of conduct and academic life.   Park University 2008-2009 Undergraduate Catalog Page 87

Plagiarism involves the use of quotations without quotation marks, the use of quotations without indication of the source, the use of another's idea without acknowledging the source, the submission of a paper, laboratory report, project, or class assignment (any portion of such) prepared by another person, or incorrect paraphrasing. Park University 2008-2009 Undergraduate Catalog Page 87

Attendance Policy:
Instructors are required to maintain attendance records and to report absences via the online attendance reporting system.

  1. The instructor may excuse absences for valid reasons, but missed work must be made up within the semester/term of enrollment.
  2. Work missed through unexcused absences must also be made up within the semester/term of enrollment, but unexcused absences may carry further penalties.
  3. In the event of two consecutive weeks of unexcused absences in a semester/term of enrollment, the student will be administratively withdrawn, resulting in a grade of "F".
  4. A "Contract for Incomplete" will not be issued to a student who has unexcused or excessive absences recorded for a course.
  5. Students receiving Military Tuition Assistance or Veterans Administration educational benefits must not exceed three unexcused absences in the semester/term of enrollment. Excessive absences will be reported to the appropriate agency and may result in a monetary penalty to the student.
  6. Report of a "F" grade (attendance or academic) resulting from excessive absence for those students who are receiving financial assistance from agencies not mentioned in item 5 above will be reported to the appropriate agency.
ONLINE NOTE: An attendance report of "P" (present) will be recorded for students who have logged in to the Online classroom at least once during each week of the term. Recording of attendance is not equivalent to participation. Participation grades will be assigned by each instructor according to the criteria in the Grading Policy section of the syllabus.

Park University 2008-2009 Undergraduate Catalog Page 89-90

Disability Guidelines:
Park University is committed to meeting the needs of all students that meet the criteria for special assistance. These guidelines are designed to supply directions to students concerning the information necessary to accomplish this goal. It is Park University's policy to comply fully with federal and state law, including Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, regarding students with disabilities. In the case of any inconsistency between these guidelines and federal and/or state law, the provisions of the law will apply. Additional information concerning Park University's policies and procedures related to disability can be found on the Park University web page: .


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Last Updated:8/1/2008 5:41:32 PM