AFF3111 2006 Sem 2

AFF3111 2006 Sem 2 - OFFICE USE ONLY Monash University...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
OFFICE USE ONLY AFF3111 Exam Sem 2 2006 Page 1 of 11 Monash University Semester Two Examination 2006 Faculty of Business and Economics Department of Accounting and Finance EXAM CODES: AFF3111 TITLE OF PAPER: PERSONAL FINANCIAL PLANNING EXAM DURATION: 3 h o u r s READING TIME: 1 0 m i n u t e s THIS PAPER IS FOR STUDENTS STUDYING AT: (office use only - tick where applicable) ± Berwick ± Clayton ± Peninsula ± Distance Education ± Open Learning ; Caulfield ± Gippsland ± Sunway ± Enhancement Studies ± Other (specify) During an exam, you must not have in your possession, a book, notes, paper, calculator, pencil case, mobile phone or other material/item which has not been authorised for the exam or specifically permitted as noted below. Any material or item on your desk, chair or person will be deemed to be in your possession. You are reminded that possession of unauthorised materials in an exam is a disciplinable offence under Monash Statute 4.1. AUTHORISED MATERIALS CALCULATORS ; YES ± NO (Permitted calculators: Citizen SRT-135, Casio FX82MS scientific calculator, the Casio FX82AU scientific calculator, and Sharp EL-735 financial calculator, or calculators with an 'approved for use' Faculty label) OPEN BOOK ± YES ; NO SPECIFICALLY PERMITTED ITEMS ± YES ; NO if yes, items permitted are: This paper consists of seven (7) questions printed on three (3) pages plus eight (8) pages of Rates and Tables printed on a total of eleven (11) pages. It comprises 70 marks and represents 70 per cent of your final mark in this unit. Students must attempt ALL questions. PLEASE CHECK THE PAPER BEFORE COMMENCING. THIS IS A FINAL PAPER. STUDENT ID: …………………………. .. DESK NUMBER: ……………………. THIS EXAMINATION PAPER MUST BE INSERTED INTO THE ANSWER BOOK AT THE COMPLETION OF THE PAPER. NO EXAMINATION PAPERS SHOULD BE REMOVED FROM THE EXAMINATION ROOM
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
OFFICE USE ONLY AFF3111 PERSONAL FINANCIAL PLANNING AFF3111 Exam Sem 2 2006 Page 2 of 11 Question 1 (a) Briefly describe the steps involved in developing a financial plan. (b) What is the purpose of a financial plan? (8 + 4 = 12 marks) Question 2 (a) Who are the main regulators in the financial planning field, and what is their role? (b) “Know your client” and “Know your product” are important concepts in financial planning. Why is this so? (6 + 4 = 10 marks) Question 3 (a) Describe the main features of a Managed Investment Scheme (MIS). (b) Who might prefer an MIS rather than direct investments? Why? (4 + 4 = 8 marks) Question 4 (a) Taxation is often regarded as a critical element in investment decision making. Illustrate this aspect using three different examples. (b) In the context of financial planning, what is meant by the term “disclosure”?
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 07/19/2011 for the course BUS 3111 at Monash.

Page1 / 11

AFF3111 2006 Sem 2 - OFFICE USE ONLY Monash University...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online