FI201 Personal Financial Management

for S1J 2012

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Mission Statement: Park University provides access to a quality higher education experience that prepares a diverse community of learners to think critically, communicate effectively, demonstrate a global perspective and engage in lifelong learning and service to others.

Vision Statement: Park University, a pioneering institution of higher learning since 1875, will provide leadership in quality, innovative education for a diversity of learners who will excel in their professional and personal service to the global community.


FI 201 Personal Financial Management


S1J 2012 IN


Malone, Dee Ledford


Adjunct Faculty


BSBA-Finance, University of Missouri-Columbia
MBA-Finance, University of Missouri-Kansas City

Daytime Phone



Semester Dates

January 16 - March 5

Class Days


Class Time

5:30 - 9:50 PM



Credit Hours


Kapoor/Dlabay/Hughes, Focus on Personal Finance, 3rd Edition, McGraw Hill. ISBN-13: 978-0073382425.

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

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 or call 800-927-3024
Resources for Current Students - A great place to look for all kinds of information

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 believes that people learn through a variety of activities.  The course will include reading, quizzes, exams, course project, current event discussions and class discussion to facilitate class learning. 

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:

  • Class Participation - Students should be prepared at the start of class to share their learnings and insights on the topics for each week of class.  Students will receive points for their participation in class discussions including asking questions, explaining concepts and applying learnings to their personal situation. 
  • Current Events - Each week, students will summarize an article related to textbook chapters assigned for that week's class.  Students need to submit a copy of the article and also a summary of the key points of the article.  The written summary should be approximately 1 page.
  • Quizzes - In addition to reading the textbook, students will also complete a short multiple choice quiz for each chapter.  This will aide in learning the textbook concepts.  The quiz is open book and should be completed at the start of class that it is due.
  • Exams - This course will have two exams.  One on week 4, and the final comprehensive exam on week 8.  The format will be multiple choice and short problems/essay.  The exams are closed book, closed notes.
  • Spending Diary Project - Studnets will track their personal spending for one month during the course.  After tracking spending, students will write a paper recapping their spending habits, key learnings and opportunities to apply these learnings to the future such as future tracking, spending reductions, etc.  The paper must be 6 pages in length in 12 point font.  The paper should include a copy of the spending diary (counted in the 6 pages of length).  Deductions will be made for spelling and grammar errors. 


Students may earn a possible 650 points in this course.  The first exam is worth 100 points.  The second exam will be worth 150 points and will cover all assigned chapters.  Each quiz will be worth 10 points for a total of 60 points.  Classroom participation will earn the student up to 40 points.  The spending diary project will be worth 100 points.  Current Events summaries will be worth 25 points each for a total of 200 points.
Grading Scale:
90% - 100%      A
80% - 89%        B
70% - 79%        C
60% - 69%        D
Below 60%        F
Note: Grading on the curve at the end of the semester will be at Instructor's discretion and will likely not be necessary.

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 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.

Late Submission of Course Materials:
If a student cannot submit course materials on time, he or she must contact the instructor prior to the due date.  Late work is subject to a 10% point loss per day late due to tardiness.  Students should make every effort to take the exams during the scheduled class time as the dates will be given to students the first night of class.  If a student cannot take the test during the scheduled class time, the student must schedule a make-up exam prior to the class test date.  Make up exams are at the discretion of the instructor and should be avoided if at all possible. 

Classroom Rules of Conduct:
To the benefit of all students, everyone is encouraged to listen and participate in an appropriate manner.  Those who disrupt the learning of their fellow students will be asked to leave the classroom.  Cell phones should always be turned on vibrate or powered off during class.

Course Topic/Dates/Assignments:

Please be prepared to discuss the assigned chapters with the class as the instructor will lead a dialogue around the topics.  Tests will take place on Week 4 (February 6 ) and Week 8 (March 5).  The course paper will be due Week 8 (March 5).


Complete Prior to Class

Class Activity


 Read Chapter 1-2

Course overview & expectations
Lecture Chapters 1-2
Current Event Discussion


Read Chapters 4-5
Lecture Chapters 4-5
Current Event Discussion


Read Chapters 6-7
Lecture Chapters 6-7
Current Event Discussion


Review for Exam

Take Exam
Current Event Discussion


Read Chapters 8-9

Lecture Chapters 8-9
Current Event Discussion


Read Chapters 10-11
Lecture Chapters 10-11
Current Event Discussion


Chapters 12-13
Lecture Chapters 12-13
Current Event Discussion


Review for Exam
Spending Diary Project
Take Exam
Current Event Discussion
Spending Diary Project

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 students and faculty members are encouraged to take advantage of the University resources available for learning about academic honesty ( or Park University 2011-2012 Undergraduate Catalog Page 93

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. from Park University 2011-2012 Undergraduate Catalog Page 93
If the instructor that a student intentionally plagiarised or cheated on an assignment/exam, the student will fail the course.

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 2011-2012 Undergraduate Catalog Page 96

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:11/25/2011 4:22:33 PM