AFF3111 2006 Sem 1

AFF3111 2006 Sem 1 - OFFICE USE ONLY Monash University Semester One Examination 2006 Faculty of Business and Economics Department of Accounting and

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OFFICE USE ONLY Page 1 of 11 Monash University Semester One Examination 2006 Faculty of Business and Economics Department of Accounting and Finance EXAM CODES: AFF3111 TITLE OF PAPER: PERSONAL FINANCIAL PLANNING EXAM DURATION: 3 hours 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. 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
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OFFICE USE ONLY AFF3111 PERSONAL FINANCIAL PLANNING Page 2 of 11 Question 1 (a) List four factors which have contributed to the rise in importance of financial planning in recent years. (b) Briefly outline the main role of ASIC as one of the principal regulators in financial services. (4 + 4 = 8 marks) Question 2 (a) What is the purpose of a Financial Services Guide, and what would you expect to find in it? (b) Why is the distinction between retail and wholesale clients so important? (5 + 5 = 10 marks) Question 3 (a) From a taxation perspective why can salary sacrifice be an attractive proposition? (b) What are some of the benefits of investing in an indexed equity fund? (c) List and briefly describe the features of the five main types of superannuation funds. (3 + 4 + 5 = 12 marks) Question 4 (a) Many people consider a will an important item. Discuss three reasons why this is the case. (b)
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This note was uploaded on 07/19/2011 for the course BUS 3111 at Monash.

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AFF3111 2006 Sem 1 - OFFICE USE ONLY Monash University Semester One Examination 2006 Faculty of Business and Economics Department of Accounting and

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