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FI 201 Personal Financial Management
Ajas, Hiroshi


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.

Course

FI 201 Personal Financial Management

Semester

F2AA 2008 LC

Faculty

Ajas, Hiroshi

Title

Adjunct Senior Instructor

Degrees/Certificates

Master of Arts in Business Management
Master in Social Work; licensed MSW in Texas
Master of Science in Mental Health Counseling

Office Location

Lackland AFB, TX

Office Hours

Anytime via e-mail or work number

Daytime Phone

210-592-5330

E-Mail

Hiroshi.Ajas@park.edu

Semester Dates

20 Oct 2008- 14 Dec 2008

Class Days

--T-R--

Class Time

6:30 - 7:25 PM

Credit Hours

3


Textbook:
Kapoor, Dlaby and Hughes, Focus on Personal Finance, 2nd Edition, McGraw-Hill/Irwin, 2008

Additional Resources:

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 helpdesk@park.edu or call 800-927-3024
Resources for Current Students - A great place to look for all kinds of information http://www.park.edu/Current/.


Course Description:
FI201 Personal Financial Management (GE): 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

Educational Philosophy:
The instructor's educational and teaching philosophy is one of partnership with students to accomplish a mutually agreed goal of learning. To accomplish this goal, the instructor serves as an active "agent" to orchestrate ways to facilitate open and free communications; coordinate students' effort to meet course objectives; and to provide a healthy, learning environment to give each student the freedom to learn and grow. Prior to each class, the instructor will provide a detailed course outline of major area of interests for each chapter, followed with a copy of power point lecture slides. During class, students will be asked to summarize major concepts, ideas or issues brought out in the lecture as well as participating in small working groups to complete class exercises and assignments. In short, the instructor will integrate, power point slides, examinations and Core Assessment to meet course objectives.

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:

1. 6 Nov 2008- Chapters Examination # 1
2. 27 Nov 2008- Chapters  Examination # 2
3. 11 Dec 2008- Comprehensive Final Examination
4. Personal Finance Plan Paper: Each student will develop a personal financial plan using the Your Personal Plan worksheets as a guide that are presented at the end of each chapter. Additionally, the written report should include goals related to various aspects of personal financial planning such as career planning, spending plan/cash flow analysis, tax planning, use of credit,  savings and investments, insurance needs, retirement and estate planning, and suggested course of action to achieve them. A detailed outline for this assignment will be discussed in class.
5. Attendance and Class Assignments: A percentage of each student's overall grade will be based on attendance and active participation in all class discussions and work exercises. Excused and unexcused absences and inactive or failure to requested result in the deduction of points per class.

Grading:

1. Chapters  Examination # 1- 50 points (17 %)
2. Chapters  Examination # 2 - 50 points (17%)
3. Comprehensive Final Examination - 100 points (33%)
4. Personal Financial Plan Paper- 75 points (25%)
5. Attendance and Class Exercises and Work Assignments- 25 points (8%)
6. Total Points- 100 points (100%)
 
300-270 = A
269- 240= B
239-210= C
209-180= D
179 and below = F

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:
The instructor will not accept assignments late unless for documented, excused reasons. Unexcused reasons for late submission of assignments will receive a grade of "zero." There will be NO makeup sessions or tests for unexcused absences. The student must make every effort to contact the instructor as soon as possible to make up missed assignments.

Classroom Rules of Conduct:
Class participation and appropriate classroom behavior is expected and attendance taken for each class. Class missed for legitimate reasons such as TDY, personal and medical emergencies are excusable but the student will need to coordinate with the instructor (e.g., e-mail or phone call) as soon as possible to make up missed assignments.

Course Topic/Dates/Assignments:

1. 21 Oct- Introduction finance; review of course objectives and examinations; discussion of paper; Chapter 1- Personal Financial Planning, power point slides, class exercises: time value of money, end-of-chapter problems and completion of Personal Financial worksheets #1, 2, 3 and 4. 
2. 23 Oct- Chap 2- Money Management Skills, power point slides, class exercises: net worth statement, end-of-chapter problems; completion of Personal Financial worksheets # 5,6,7 and 8.
3. 28 Oct- Chap 3- Taxes in Your Financial Plan, power point slides, class exercises: determining adjusted gross income, computing taxable income , calculating taxable income, and end-of-chapter problems; completion of Personal Financial worksheets # 9 and 10.
4. 30 Oct- Chap 4- Savings and Payment Services, power point slides, class exercises: evaluating savings plan, end-of-chapter problems, completion of Personal Financial worksheets # 11, 12, 13 and 14.
5. 4 Nov- Chap 5- Consumer Credit, power point slides, class exercises: cost of credit, end-of-chapter problems, completion of Personal Financial worksheets # 15, 16 and 17.
6. 6 Nov- Chapters Examination #1; Chap 6- Consumer Purchasing, power point slides, class exercises: end-of chapter problems, completion of Personal Financial worksheets # 18, 19, 20 and 21.
7. 11 Nov- Chap 7- Selecting and Financing Housing, power point slides, end-of-chapter problems; completion of Personal Financial worksheets # 22, 23, 24 and 25.
8. 13 Nov- Chap 8- Home and Automobile Insurance, power point slides, class exercises: end-of-chapter problems, completion of Personal Financial worksheets # 26, 27, 28, 29, 30.
9. 18 Nov- Chap 9- Health and Disability Income Insurance, power point slides, class exercise: advance directives, end-of-chapter problems; completion of Personal Financial worksheets # 31 and 32.

10. 20 Nov- Chap 10- Financial Planning with Life Insurance, power point slides, end-of-chapter problems, completion of Personal Financial worksheets # 33 and 34.
11. 25 Nov- Chap 11- Investing Basics and Evaluating Bonds, power point slides, completion of Personal Financial worksheets # 35, 36 and 37.
12. 27 Nov- Chapters Examination # 2; Chap 12- Investing in Stocks, power point slides, completion of Personal Financial worksheets # 38 and 39.
13. 2 Dec- Chap 13- Investing in Mutual Funds, power point slides, class exercises: end-of-chapter problems, completion of Personal Financial worksheets # 40 and 41.
14. 4 Dec- Chap 14- Retirement and Estate Planning, power point slides, class exercise: end-of-chapter problems, completion of Personal Financial worksheets # 42, 43, 44, 45 and 46
15. 9 Dec- Review for Final Examination; turn in Personal Financial paper. 
16. 11 Dec- Final Examination; turn in Personal Financial paper.

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:
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.

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: http://www.park.edu/disability .

Copyright:

This material is protected by copyright and can not be reused without author permission.

Last Updated:10/25/2008 9:54:13 PM