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Book Cover
E-book
Author McKeown, Warren, author.

Title Financial planning / Warren McKeown, Michael Kerry, Marc Olynyk
Edition 2nd edition
Published Milton, Qld. : John Wiley and Sons Australia, Ltd, 2014

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Description 1 online resource
Contents Cover; Title page; Copyright; Contents; Preface; About the authors; CHAPTER 1 Personal financial planning; Introduction; 1.1 What is personal financial planning?; 1.2 Why is personal financial planning important?; 1.3 The role of the financial counsellor; 1.4 The national financial literacy strategy; 1.5 Understanding risk; 1.6 Features of the economic environment; 1.7 The global financial crisis and its impact on Australia; 1.8 The evolution of the financial planning environment; 1.9 The regulatory framework that applies to financial planning
1.10 What investors and financial planners can learn from historyCHAPTER 2 Financial planning skills ; Introduction; 2.1 Preparing personal financial statements; 2.2 Using financial ratios as a planning tool; 2.3 Financial mathematical skills applied in financial planning; 2.4 Compound interest and the time value of money; 2.5 Nominal and effective interest rates; 2.6 Net present value; 2.7 Further applications of the time value of money concept; 2.8 Effect of tax and inflation on the rate of return; CHAPTER 3 Taxation planning; Introduction; 3.1 The Australian taxation system
3.2 The components of taxable income3.3 Calculation of net tax payable for an individual resident taxpayer; 3.4 Impact of tax on investment income; 3.5 Taxation planning; 3.6 Income splitting; 3.7 Income versus capital growth; 3.8 Tax structures; 3.9 Negative gearing; 3.10 Salary packaging and remuneration planning; 3.11 Goods and services tax; CHAPTER 4 Investment choices ; Introduction; 4.1 General attributes of investors; 4.2 Broad investment classes; 4.3 The risk and return relationship; 4.4 The benefits of diversification; 4.5 Recent performance of asset classes
4.6 General investment strategies4.7 Investor behaviour; 4.8 Investment scams; 4.9 Information sources for investment choices; CHAPTER 5 Direct investment -- fixed interest and shares; Introduction; 5.1 Cash and fixed-interest securities; 5.2 The nature of, and participants in, the fixed-interest market; 5.3 Different forms of fixed-interest investments; 5.4 Discount and coupon securities and a change in interest rates; 5.5 The nature of, and participants in, the share market; 5.6 The influences on share prices; 5.7 The capital asset pricing model (CAPM)
5.8 Basic valuation models -- the Gordon dividend discount model and the price-earnings ratio5.9 Alternative direct investments; CHAPTER 6 Direct investment -- property ; Introduction; 6.1 Qualities and characteristics of property; 6.2 Different forms of property investment; 6.3 Features and benefits of property funds; 6.4 Taxation of property investments; 6.5 Valuation of property investments; 6.6 Advantages and disadvantages of home ownership; 6.7 Financial implications of home ownership versus renting; 6.8 Financing a house purchase; 6.9 Taxation and housing; CHAPTER 7 Managed funds
Summary Financial Planning 2nd Update Edition has been designed to equip students of higher education institutions with the knowledge, concepts and application required to successfully enter the exciting profession of financial planning
Analysis Australian
Bibliography Includes bibliographical references and index
Subject Finance, Personal -- Australia -- Textbooks
Accounting -- Australia -- Textbooks
Investments -- Australia -- Textbooks
Pensions -- Australia -- Textbooks
BUSINESS & ECONOMICS -- Finance.
Accounting
Finance, Personal
Investments
Pensions
Australia
Genre/Form Textbooks
Form Electronic book
Author Kerry, Mike, author
Olynyk, Marc, author.
ISBN 9780730343554
0730343553
9780730348740
0730348741
9780730326977
0730326977