FIN06004 2016 Personal Finance

General Details

Full Title
Personal Finance
Transcript Title
Personal Finance
N/A %
Subject Area
FIN - Finance
BUS - Business
06 - NFQ Level 6
05 - 05 Credits
Start Term
2016 - Full Academic Year 2016-17
End Term
9999 - The End of Time
John Gaynor, Maria Scanlon
Programme Membership
SG_BEMBE_G07 201600 Bachelor of Business in Embedded award of BB Ab-initio L8 SG_BEMBE_G06 201600 Higher Certificate in Business in Embedded award of BB Ab-initio L8 SG_BACCO_H08 201800 Bachelor of Arts (Honours) in Business in Accounting L8 SG_BBUSI_H08 201900 Bachelor of Business (Honours) in Business L8 (Ab-initio) SG_BACCO_C06 201900 Higher Certificate in Business in Business in Accounting L6

This module aims to introduce students to the main issues surrounding personal financial management including, personal financial planning, personal financial products, debt management as well as an appreciation of the regulation of the finanical services market. This module aims to introduce students to many of the financial concepts which can be applied in their business career and provides a foundation for future models.

Learning Outcomes

On completion of this module the learner will/should be able to;


Discuss the financial planning process at a personal level and the different financial life-cycle requirements.


Describe the range of savings and investment products available in the market including the risks attaching to them and the associated taxation treatment.


Describe the range of protection / insurance policies available in the market place.


Identify the main pension options and the associated taxation treatment.


Apply mathematical techniques to appraise savings, investment and borrowing options and aid in the decision making process.


Explain the regulation of the of the financial services market in Ireland.

Teaching and Learning Strategies

This module will be delivered through a combination of lectures, tutorials, review of financial newspapers, practical discussions and a guest lecture.

Module Assessment Strategies

This subject will be assessed through a combination of appropriate assessments.

Repeat Assessments

Repeat assessments will be developed in accordance with the requirements of the module.

Indicative Syllabus

Financial planning & the financial life cycle:

  • Describe the stages of the financial planning process including the assessment of personal financial position and the calculation of an individual's net worth.
  • Outline the role of the Personal Financial Advisor.

Savings & investment products:

  • Deposit accounts, quoted shares, managed funds together with the taxation rules applicable to each.
  • Property and mortgages, related to both residential and 'buy-to-let' together with applicable tax treatment.

Insurance / Protection products:

  • Recognise the need for protection products.
  • The main types of protection products.
  • Making claims under a protection policy.


  • Recognise the need for retirement planning.
  • Pensions and the rules that apply to them including the tax position.

Personal Debt Management:

  • Pitfalls that can lead to high debt
  • Prioritising Debts
  • Options available to those in debt


  • Regulation of financial services in Ireland
  • Reporting suspected negligence

Coursework & Assessment Breakdown

Coursework & Continuous Assessment
25 %
End of Semester / Year Formal Exam
75 %

Coursework Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 Formative and Summative Assessment Reading/review of Irish Times and Sunday Business Post newspapers Formative UNKNOWN - % OnGoing 1,2,3,4,6
2 Continuous Assessment Continuous Assessment UNKNOWN 25 % Week 8 1,2,3,5

End of Semester / Year Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 Final Exam End of Semester Exam Final Exam UNKNOWN 75 % End of Term 1,2,3,4,5,6

Full Time Mode Workload

Type Location Description Hours Frequency Avg Workload
Independent Learning Not Specified Study, reading, web sites etc 4 Weekly 4.00
Lecture Flat Classroom Lecture 3 Weekly 3.00
Total Full Time Average Weekly Learner Contact Time 3.00 Hours

Required & Recommended Book List

Recommended Reading
2012-09-17 An Introduction to Personal Finance Chartered Accountants Ireland
ISBN 1908199172 ISBN-13 9781908199171
Recommended Reading
2014-12-15 TAB Guide 2015: Money, Pensions and Tax TAB Taxation Services Ltd
ISBN 0955811074 ISBN-13 9780955811074

Module Resources

Other Resources

Family Finance by Colm Rapple.

Articles from the business press, magazines etc.

Course notes supplied by lecturer.

Additional Information