ACCT2542 - Eric Ng z3254875 I reformatted the entire...

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Eric Ng z3254875 I reformatted the entire portfolio to appear more professional, in addition to separating each week tasks. Additionally I have photocopied and filled in the client questionnaire for the week 2 task.
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Eric Ng z3254875 Week 2: Financial Plan Tasks 1. Write down your short-term and long-term goals (dot-points) 2. Photocopy and fill out the Client Questionnaire on pg 37 of the textbook 3. Fill out a risk-profiling questionaire and print out the results. Eg www.riskprofiling.com --> select the 'Do your own profile' link on the left and register using your student email. 4. If you cannot access the above risk profiling questionnaire, go to Google and search 'risk profiling questionnaire' and you will find some online. Goals Short term goals Long term goals Graduating without a HECs loan Move out Become financially independent Purchase first property Initiate trading in the share market Backpack around Europe, Asia, South America Start own company Accumulate net worth over 3 million Be debt free Travel world Start a family Retire early The Client Questionnaire is a separate document in the Financial Plan. The Risk Profile is a separate document in the Financial Plan.
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Eric Ng z3254875 Week 3: Financial Plan 1. Create a balance sheet for yourself now and for in 10 years time. We want you to think about what different items may go into each asset and liability category. The '10 years time' balance sheet should reflect your actual goals and aspirations. 2. Similarly, create an income statement for yourself now and for in 10 years time. 2011 Assets Liquid Assets Cash Personal Property FHSA Superannuation Appliances Private Vehicle Total Assets 2000 8000 2000 2000 4000 18000 Liabilities Current Liabilities n/a Long-Term Liabilities Loan Total Liabilities Net Worth 0 10000 0 8000 2021 Assets Liquid Assets Cash Investments Shares Bonds Managed funds Real Estate Primary Residence Investment Property 1 Investment Property 2 Personal Property Superannuation Appliances Private Vehicle Total Assets 5000 20000 4000 10000 600000 500000 500000 40000 10000 20000 1709000 Liabilities Current Liabilities Utilities Insurance Bills Other Long-Term Liabilities Primary Mortgage Investment 1 Mortgage Investment 2 Mortgage Other Total Liabilities Net Worth 500 3000 2000 500 300000 400000 400000 1000 1107000 602000 Balance Sheet
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Eric Ng z3254875 Income and Expenditure Statement 2011 2021 Income Youth Allowance Interest Total Income Expenditure Phone Food Groceries Dining out Petrol Clothing Income Tax Insurance Personal Care Recreation and entertainment Other Total Expenditure Cash Surplus(Deficit) 9000 250 9250 200 2000 1000 500 300 - 500 200 1000 200 5700 3350 Income Salary Bonus Investment Other Total Income Expenditure Mortgage Maintenance Utilities Food Groceries Dining out Petrol Clothing Income Tax Appliances, Furniture Personal Care Recreation and entertainment Other Total Expenditure Cash Surplus(Deficit) 100000 20000 30000 - 150000 50000 1000 5000 20000 10000 5000 1000 30000 2000 200 2000 300 126500 23500
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This note was uploaded on 03/05/2012 for the course ACCT 2542 taught by Professor Knapp during the Three '11 term at University of New South Wales.

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ACCT2542 - Eric Ng z3254875 I reformatted the entire...

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