UNIVERSITI TEKNOLOGI MARA

FACULTY OF BUSINESS AND MANAGEMENT

SCHEME OF WORKS
SESSION 20242
MARCH 2024 - AUGUST 2024

PROGRAM: DIPLOMA IN BANKING STUDY (BA119)

COURSE CODE: FIN 333
COURSE NAME: FUNDAMENTALS OF PERSONAL FINANCIAL PLANNING
CREDIT UNIT: 3 CREDIT HOURS
CONTACT HOURS: 3 CONTACT HOURS

Lecturer’s Name :
Room Number :
Phone :
E-mail :

Welcome to "Fundamentals of Personal Financial Planning," a tailor-made course exclusively designed by

Course Description considering the unique financial landscape of Malaysia. Get ready to equip yourself with invaluable
knowledge and skills that will revolutionize your financial life! Throughout this transformative journey, we
will delve deep into the core essentials of financial planning. From mastering the intricacies of managing
taxes and credit obligations to safeguarding your precious assets, from unlocking the secrets to growing
your wealth to securing a prosperous future, and even building unshakable financial resilience, every chapter
is carefully crafted to empower you with practical techniques and invaluable insights that will shape your
financial decisions for the better. But here's the real deal - financial planning is not merely a one-time event;
it's a lifelong voyage. Upon completing this course, you would be able to overcome any financial challenge
that crosses your path, you will be primed to take full command of your financial well-being like never before.
This course is your ticket to embarking on a journey to unparalleled financial success.
Course Learning At the end of the course, students should be able to:
Outcomes 1. Explain the concept and process of personal financial planning. (C2, PLO1)

2. Apply knowledge of financial planning and management skills to deal with limited resources and solve
money-related problems. (A4, PLO9)

3. Disseminate diverse jargon of Personal Financial Planning through collaboration to empower self, family,
and society in making sound financial decisions. (A5, PLO8)

Course Continuous assessment (60%):

Assessment a. Test (10%)
b. Individual assignment (20%)
c. Group assignment (30%)
Final assessment (40%)
WEEK SYLLABUS CONTENT ADAB CONTACT HOUR SAM

WEEK 1 – Ice-breaking Analysis Lecture:

WEEK 3 Course Briefing 4 Hours
• Course information/assessment/lesson plan Situate
• Entrance Survey/SuFO/Exit Survey* Tutorial:
Design & Delivery 2 Hours
Chapter 1: Personal Finance Basics
Understanding Basic Concepts Digest
• Definition and importance of personal financial planning.
Lecturers provide
• Factors affecting financial planning. access of learning B
• Life stages and situations. materials to the L
• Components of personal financial planning. students O
Financial Planning Process C
• Assessing current financial foothold. K
• Establishing financial goals and objectives.
Platform: ODL 1
• Identifying alternative courses of action.
• Evaluating the right alternative.
• Implementing financial action plan.
• Revisiting action plan.
Personal Financial Goals and Objectives.
• Definition and types of financial goals.
• SMART financial goals setting.
WEEK 4 – Chapter 2: Money Management Tools and Techniques Design & Delivery Lecture:
WEEK 5 Personal Finance Records System and Storage 6 Hours
• Type of record systems and documents to keep. Synthesize
• Places to store financial documents. Tutorial:
Essentials of Personal Financial Statements 3 Hours
• Personal Cash Budget Assess
• Factors to consider when developing a budget.
• Understanding items in personal cash budget. Create
• Personal Balance Sheet Statement
• What you own (assets) vs what you owe (liabilities).
Built-in-Belief
• Determine your net worth.
• Personal Cash Flow Statement
Value and extend
• Sources of income.
• Types of expenses.

SPECIAL BREAK (08 – 14 APRIL 2024)

TEST (WEEK 5)
Chapter 1 & Chapter 2 (2 Hours)
Essay & Long Structured Questions
Total Marks = 50 marks; Total Weightage = 10%

WEEK 6 Chapter 3: Planning Tax Strategy Assess Lecture:

Basic Concepts of Personal Taxation 2 Hours
• The importance of taxes for personal financial planning. Reflect
• Taxable income and scope of taxation. Tutorial:
Tax Deductibles
• Tax Exemptions / Personal Reliefs. Built-in-Belief 1 Hour
• Tax Rebates.
• Tax Donations / Gifts. Build Faith
WEEK 7 – Chapter 3: Planning Tax Strategy Assess Lecture:
WEEK 9 Tax Filing and Administration 4 Hours
• Records Keeping. Connect
• Monthly Tax Deduction (MTD) and Self-Assessment (SAT) Tutorial:
• Tax Planning Strategies.
Tax Offences and Penalty. Built-in-Belief 2 Hours

Respectful Learning
Chapter 4: Managing Consumer Credit B
Basics of Consumer Credit L
• Importance of Credit Creation O
• Types and Products of Credit C
• Closed end (instalments). K
• Open end (revolving).
Measuring Credit Capacity 2
• Debt Service Ratio.
• The Concept of 5 C’s.
Maintaining Credit Scores and Ratings.
• CCRIS and CTOS
• Importance of Good Credit Records.
Avoiding and Correcting Credit Mistakes.
• Loans Problem and Solutions.
• Bankruptcy in Malaysia.

Mid-Term Break (1 Week)

27 May – 02 June 2024
WEEK 10 – Chapter 5: Protecting Assets and Insuring Risks Assess Lecture:
WEEK 11 Basics of Insurance/Takaful 4 Hours
• Definition and Importance of Insurance/Takaful Reflect
Tutorial:
Types of Insurance/Takaful
• Life Insurance/Takaful Built-in-Belief 2 Hours
• General Insurance/Takaful
• Health Insurance, Takaful, and Medical Cards Respectful Learning
Insurance/Takaful Claims

Chapter 6: Investing and Growing Financial Assets

The Basics of Investing
• Establishing personal investing goals
• Factors Affecting Investment Choices
• Risk-rewards trade-off
B
• Risk factors and appetite L
• Current financial position O
• Internal and external factors could affect investment growth. C
Types of Investment Vehicles K
• Cash and fixed deposits
3
• Government and corporate bonds
• Mutual Fund and Exchange Traded Fund
• Equities (Common Stock and Preferred Stock)
Other investment alternatives
• Derivatives and commodities
• REITS and Foreign Currency Exchange
• Cryptocurrency and Digital Assets
 • Submission of Individual Assignment Due on Week 9

• Lecturer key in marks for Test and Individual Assignment on Week 10

• Lecturer share the marks and provide feedback on Week 10 until Week 14

WEEK 12 – Chapter 7: Securing the Financial Future Assess Lecture:

WEEK 13 Retirement Planning 4 Hours
• Pension and Provident Funds Reflect
Tutorial:
• Private retirement schemes.
Estate planning and wealth distribution Built-in-Belief 2 Hours
• Wills and Trusts
• The Importance of Estate Planning Respectful Learning

B
• Group Presentation on Week 12 L
O
• Submission of Written Report for Group Assignment on Week 13 C
K

WEEK 14 Cybersecurity Fundamentals Assess Lecture: 3

• Definition of Cybersecurity 2 Hours
Types of Cyber Crimes Reflect
Tutorial:
• Phishing and financial scams
• Identity Theft Built-in-Belief 1 Hours
• Ransomware Attack
• Hacking or misusing computer networks Respectful Learning
Measures for Cyber Security
 REVISION WEEK
08 – 14 JULY 2024
B
WEEK 15 – FINAL EXAMINATION 15 July – 04 August 3 Hours L
WEEK 17 O
C
K

Student will be assessed as follows:

Assessments Marks Chapter Coverage Submission

Test 10% Understanding on the following chapter: (CLO1) WEEK 5

Chapter 1: Personal Finance Basics
Chapter 2: Money Management Tools and Techniques

Individual 20% Applying Personal Skills on the following chapters: (CLO2) WEEK 9
Assignment Chapter 1: Personal Finance Basics
Chapter 2: Money Management Tools and Techniques
Chapter 3: Planning Tax Strategy
Chapter 4: Managing Consumer Credit
Chapter 5: Protecting Assets and Insuring Risks
Chapter 6: Investing and Growing Financial Assets
Group Assignment 30% Demonstrate Leadership, Autonomy & Responsibility skills on any chapters. WEEK 12
(CLO3) (Presentation)
WEEK 13
(Written Report)

Final Assessment 40% Understanding the application of the following chapters: (CLO2)
Chapter 3: Planning Tax Strategy To be informed
Chapter 4: Managing Consumer Credit
Chapter 5: Protecting Assets and Insuring Risks
Chapter 6: Investing and Growing Financial Assets
Chapter 7: Securing the Financial Future

Total 100%

Important Date:

• Entrance Survey – 25 March – 07 April 2024

• SUFO – 10 June – 14 July 2024
• Exit Survey - 24 June – 07 July 2024
 Attachment 1
The A.D.A.B Model in Designing Delivery and Learning Experience

A-Analysis
• Align content to outcomes
• Anticipate learner needs
• Analyse learning context and learning environment
• Analyse current advances in the field
• Analyse community issues and challenges

D-Design
• Design connectedness to knowledge, people, environment and the Creator
• Design awareness to the world and workplace
• Deliver in context – contextual learning, real world
• Deliver within a respectful learning environment

A-Assess
• Assess learning continuously, ipsatively, synoptically with the purpose of improving learning
• Evaluate engagement, involvement and interaction with knowledge, people, and environment including respectfulness
• Assess essential transversal skills

B-Build in Belief
• Embed reflection
• Espouse values
• Engender strong conviction
• Enhance faith
 Attachment 2
7 Elements of A.D. A.B in Teaching and Learning

Prepared by

Resource Person FIN333

Faculty of Business and Management
Universiti Teknologi MARA (UiTM), Malaysia
Diploma in Banking Study (BA119)
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