FI201 Personal Financial Management

for UMA 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


UMA 2012 HO


Lutz, Andrew J.


Adjunct Faculty


BSBA  Kansas State University 1981
MBA Avila University  1992

Office Location

In Classroom

Office Hours

30 minutes prior to class

Daytime Phone



Semester Dates


Class Days


Class Time

Monday-Thursday 1:00-4:45: Fridays 1:00-3:15

Credit Hours



Personal Finance; 10th edition; McGraw-Hill; Kapoor, Dlabay, Hughes
ISBN# 978-0-07-353069-7

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 class is lecture and discussion driven. Students will be encouraged to discuss and interact throughout the term. Exams will be given and each student will make an individual presentation and write a paper. The emphasis is on teaching fundamentals, as well as real world applications.

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 will be three exams. In addition, the student will write a paper and give a presentation to the class. Class participation will be evaluated based upon the quality and quantity of self-expression.


Exam #1      280 points
Exam #2      240 points
Final Exam   300 points
Paper             50 points
Presentation   50 points
Class Participation   80 points
Total Points Possible    1,000 points
900-1,000           A
800-899              B
700-799              C
600-699              D
0-599                  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 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:
Late work is not accepted unless prior arrangements have been made between the student and the instructor.

Classroom Rules of Conduct:

The instructor keeps the originals to all papers and exams. The student should make their own copy of any paper turned in to the instructor. NO CHILDREN ALLOWED IN THE CLASSROOM!!!  Accordingly, no one is allowed in the classroom unless they are enrolled in the class. If a student misses a class it is the students responsibility to contact another student for notes, assignments, etc...  The instructor will not "re-teach" the class to a student who was absent. 

Course Topic/Dates/Assignments:

May 14th                         Introductions; Syllabus; Ch. 1, 2
May 15th                         Ch.,3,4
 May 16th                        Ch, 5,6
May 17th                         Ch, 7   Review for Exam #1
May 18th                         Exam #1(Ch. 1-7); Post Exam; Ch. 8
May 21st                       Ch. 9, 10
May 22nd                        Ch. 11, 12
May 23rd                        Exam #2  (Ch. 8-12): Post Exam:  Ch. 13, 14
May 24th                         Ch. 15-17; Student Presentations
May 25th                         Final Exam (Cumulative and closed book closed notes)

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

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:2/6/2012 4:20:44 PM