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382998: Financial Analysis in Personal Financial Planning
MGMT-X 430.391

  • Fall 2021
  • Section 1
  • 4 Credits
  • 09/22/2021 to 12/01/2021
  • Modified 09/05/2021

Description

This course covers the basic analytic tools and mathematical techniques used in personal financial planning and introduces the economic concepts underlying the profession. Topics include percentage calculations, family cash flows, basic corporate financial statements, interest and compound growth, understanding the financial section of the newspaper, bond yield calculations, internal rate of return, net present value, basic statistics, and equity analysis. Economic concepts covered include national income accounting, the Federal Reserve System, economic indicators, recession, depression, inflation, deflation, supply and demand, and the money supply. An HP 12C calculator is required. May be taken concurrently with MGMT X 430.31 Survey of Personal Financial Planning. This course and MGMT X 430.31 Survey of Personal Financial Planning must be taken before all other courses in the Professional Designation in Personal Financial Planning.

Objectives

  • Learn how to use the hp12c calculator and calculate frequently used mathematical functions.
  • Learn the fundamentals of compounding, discounting and time value.
  • Calculate annuities, mortgage payments and mortgage amortization.
  • Learn how to calculate and use Discounted Cash Flow (DCF) analysis.
  • Learn how the Federal Reserve affects capital markets and the economy.
  • Study the Balance of Trade and the structure of the U.S. macro-economy.
  • Calculate how much clients need to meet education and retirement goals, and the savings programs required to reach these financial goals.
  • Learn how to correctly calculate and use investment returns and risk (i.e., standard deviation).
  • Calculate the values of bonds and dividend-paying stocks.
  • Calculate Yield to Maturity, Yield to Call and Duration for bonds.
  • Calculate investment performance measures (i.e., Sharpe Ratio, Treynor Ratio and Jensen Alpha).
  • Learn the calculations that allow you to compare taxable and tax exempt investments on the same basis.

Materials

Understanding Your Financial Calculator

  • Publisher: Kaplan Schweser
  • Edition: 6th
  • ISBN: 978-1-4754-3177-3

Additional Materials

  1. Hewlett Packard 12c Financial Calculator
  1. HP-12c User’s Guide
  1. Course Documents (Available each week on Canvas)

Recommended Readings

The Wall Street Journal

Deliverables

Below is a table listing the deliverables for the class. The deliverables consist of quizzes and exams that must be completed and submitted by the due dates and times shown in the table.

Since the schedule of deliverables is known well ahead of time, and sufficient time is allowed to complete the work, there will be no credit for deliverables submitted late. For more information about specific deliverables, refer to the Canvas Module where each deliverable will be described as we progress through the quarter.

* In the table below, NLT stands for "No Later Than." NLT means the quizzes,exams and The Bedo Case must be submitted by the dates and times shown. For example, an online quiz must be started, completed and closed by 5pm on the date the quiz is due. Opening and starting the quiz before 5pm, but not completing and closing it by 5pm, fails to meet the deadline.

 Deliverable Subject Date Available Date Due*
Quiz 1 Online Basic Calculations  Sept. 23 Sept. 29-NLT 5pm
Quiz 2 Online Mortgages Sept. 30 Oct. 6-NLT 5pm
Quiz 3 Online NPV and IRR  Oct. 7 Oct. 13-NLT 5pm
Quiz 4 Online Inflation Adjusted Discounting Oct. 14 Oct. 20-NLT 5pm
Midterm Exam - Take Home  Midterm Exam Oct. 20 Oct. 27-NLT 5pm
Quiz 5 Online Bonds and Duration Nov. 4 Nov. 10-NLT 5pm
Quiz 6 Online Statistics and Performance Measures Nov. 11 Nov. 17-NLT 5pm
Quiz 7 Online Returns and Equity Valuation Nov. 18 Nov. 24-NLT 5pm 

Bedo Case Required to pass the course.

Social Security Timing

Oct. 27 Nov. 24-NLT 11:59pm
Final Exam Online

Comprehensive Exam

 

Nov. 25 Dec. 5-NLT 11:59pm

Evaluation

Please not that ALL COURSE GRADES ARE FINAL.

Criteria

Course grades will be based on quizzes and exams as show below.

Items Weight Notes
Quizzes 30% 7 Quizzes
Midterm Exam 20% Take-Home Exam

The Bedo Case-Client Letter

10% Required: Must earn a grade of at least 70% on this assignment to pass the course.
Final Exam 40% Comprehensive Timed, Online Exam

Breakdown

Resulting grade and related performance levels
Grade Range Notes
A+ 98 to 100
A 93 to 97
A- 90 to 92
B+ 88 to 89
B 83 to 87
B- 80 to 82
C+ 78 to 79
C 73 to 77
C- 70 to 72
F 0 to 69

Course Policies

Planning Your Study Time

To plan your study time, it is estimated that you will spend 3 hours per week "in class" with the instructor and approximately 7 additional hours per week outside of class studying for exams, reading, and completing assignments. Depending on the extent of your academic preparation and recent college-level coursework in this subject area, the amount of study time needed may vary considerably.

Class Attendance

This course starts quickly, and we cover a lot of material during the quarter. You are required to attend and participate in our scheduled online class meetings.

Missing one or two class meetings during the quarter may not be a problem if you can make up the work, and study the lecture material, you missed. You should get to know other students in the class and develop a collegial relationship that allows you to share notes and discuss the lecture material covered during a class you miss.

Missing three class meetings may reduce your course grade by as much as one full letter grade. It will be up to the instructor to determine how much your grade will be reduced if you miss three class meetings.

Missing more than three class meetings will result in a failing grade for the class. If you expect to miss three or more class meetings, you should discuss the reasons for doing so with the instructor or take another class. There is a fully online version of this class that will be offered in the future that has no requirement to attend schedule class meetings.

Take-Home Midterm Exam

Students are required to work independently on the online quizzes, take-home Midterm Exam and Bedo Case analysis and written submission. Collaborating with others on the online quizzes, Midterm Exam, Final Exam and/or the Bedo Case analysis and presentation is a violation of the Student Conduct policies.

Cell Phones and Mobile Communication Devices

All cell phones, smart phones, or other mobile communication devices must be on silent mode and may not be used during class. 

Incompletes

The interim grade Incomplete may be assigned when a student’s work is of passing quality, but a small portion of the requirements is incomplete for cause (e.g., illness or other serious problem). It is the student’s responsibility to discuss with the instructor the possibility of receiving an “I” grade as opposed to a non-passing grade. The student is entitled to replace this grade by a passing grade and to receive unit credit provided they complete the remaining coursework satisfactorily, under the supervision of and in a time frame determined by the instructor in charge, but in no case later than the end of the next academic quarter. At that time, the Registrar will cause all remaining Incompletes to lapse to the grade “F”. Note: Receiving an “I” does not entitle a student to retake all or any part of the course at a later date.

Course Format: Web-Enhanced

This course is primarily conducted through in-person course sessions, using Canvas (the learning management system at UCLA Extension) to access materials provided by the instructor. Course materials delivered through Canvas may include:

  • Course announcements and communications
  • Readings, links, videos, and other media
  • Assignment submission areas and grades

Please note that no hard copies of course materials will be made available in class; please print any reference materials necessary in advance of your course session. It is your responsibility to be aware of all assignments, due dates and guidelines.

Note the following points about online course components at UCLA Extension:

  • Students must have basic computer skills, including the use of word processing software, email, and the ability to use internet browsers such as Firefox, Safari, or Chrome in order to complete activities and assignments in Canvas.
  • Students should familiarize themselves with Canvas and are responsible for meeting the minimum technical requirements for using Canvas.

Institutional Policies

Student Conduct

Students are subject to disciplinary action for several types of misconduct or attempted misconduct, including but not limited to academic dishonesty, such as cheating, multiple submission, plagiarism, or knowingly furnishing false information to the University; or behavioral misconduct, such as theft or misuse of the intellectual property of others, harassment, or disruption of the learning environment. Students are encouraged to familiarize themselves with the Student Rights & Responsibilities Policy and to report concerns regarding at: https://www.uclaextension.edu/pages/str/studentConduct.jsp.

Services for Students with Disabilities

In accordance with the Americans with Disabilities Act of 1990, UCLA Extension provides appropriate accommodations and support services to qualified applicants and students with disabilities. These include, but are not limited to, auxiliary aids/services such as sign language interpreters, assistive listening devices for hearing-impaired individuals, extended time for and proctoring of exams, and registration assistance. Accommodations and types of support services vary and are specifically designed to meet the disability-related needs of each student based on current, verifiable medical documentation. Arrangements for auxiliary aids/services are available only through UCLA Extension’s Service for Students with Disabilities Office at (310) 825-7851 or by email at [email protected]. For complete information see: https://www.uclaextension.edu/pages/str/studentswithDisabilities.jsp

Incompletes

Your instructor may post the interim grade Incomplete/I if at the end of the class your overall work is of passing quality but a portion could not be submitted for understandable reasons (e.g. illness). It is your responsibility to petition your instructor for permission to submit work late and to provide an explanation, and it is his or her sole decision whether to accept the explanation. If permitted, the Incomplete/I grade will be posted and a time frame defined for you to submit the missing work, ranging from one to twelve weeks. Incomplete/I grades that remain unchanged after twelve weeks will lapse to F, NP or U. Receiving an I grade entitles you to submit only the missing work your instructor has agreed to accept late, and does not allow other work to be retaken or oblige UCLA Extension to provide continuing access to course materials via Canvas. The Incomplete/I grade is not an option for courses that do not bear credit, such as 700, 800, or 900-level courses. For complete information, see: https://www.uclaextension.edu/pages/str/grading.jsp

All Grades are Final

No change of grade may be made by anyone other than the instructor, and then, only to correct clerical errors. No term grade except Incomplete may be revised by re-examination. The correction of a clerical error may be authorized only by the instructor of record communicating directly with personnel of Student and Alumni Services.

Sexual Harassment

The University of California is committed to creating and maintaining a community where all individuals who participate in University programs and activities can work and learn together in an atmosphere free of harassment, exploitation, or intimidation. Every member of the community should be aware that the University prohibits sexual harassment and sexual violence, and that such behavior violates both law and University policy. The University will respond promptly and effectively to reports of sexual harassment and sexual violence, and will take appropriate action to prevent, to correct, and when necessary, to discipline behavior that violates our policy.

All Extension students and instructors who believe they have been sexually harassed are encouraged to contact the Department of Student and Alumni Services for complaint resolution: UCLA Extension, 1145 Gayley Ave., Los Angeles, CA 90024; Voice/TTY: (310) 825-7031. View the University’s full Policy on Sexual Harassment and Sexual Violence at http://policy.ucop.edu/doc/4000385/SHSV.

Additional Items

Protecting Privacy and Data During Live Instruction

Live meeting sessions for this class, when applicable, are being conducted over Zoom. As the host, the instructor may be recording live sessions. Only the host has the ability to record meetings, no recording by other means is permitted. Recorded sessions will be posted in the Videos area of this class unless otherwise notified. Due to privacy, recordings are not available for download and are only accessible via Canvas for the duration of the class. If you have privacy concerns and do not wish to appear in the recording, do not turn on your video and/or audio. If you also prefer to use a pseudonym instead of your name, please let the instructor know what name you will be using so that the instructor knows who you are during the session. To rename yourself during a Zoom meeting, click on Participants, click on your name, click on More, click on Rename. If you would like to ask a question, you may do so privately through the Zoom chat by addressing your chat question to the instructor only (and not to ""everyone""). Additionally, chat may be used and moderated for live questions, and saving of chats is enabled. If you have questions or concerns about this, please contact the instructor via Canvas Inbox.

Pursuant to the terms of the agreement between Zoom and UCLA Extension, the data is used solely for this purpose and Zoom is prohibited from re-disclosing this information. UCLA Extension also does not use the data for any other purpose. Recordings will be deleted when no longer necessary. However, recordings may become part of an administrative disciplinary record if misconduct occurs during a video conference.

Course and Instructor Evaluation

UCLA Extension values your feedback on course and instructor evaluations. We ask all students to take a few minutes to complete an end-of-course evaluation survey. Updates to the course and instruction are influenced by your feedback. Understanding your student experience is essential to ensure continuing excellence in the online classroom and is appreciated by your instructor and the UCLA Extension academic leadership.

Your participation in a survey is voluntary, and your responses are confidential. After instructors submit grades, they will be given an evaluation report, but this report will not contain your name.

About Your Online Course Materials

Please note the following about online course components at UCLA Extension:

  • Students must have basic computer skills, including the use of word processing software, email, and the ability to use internet browsers, such as Safari, Firefox, or Chrome.
  • Students are responsible for meeting the technical requirements of Canvas and familiarizing themselves with the Canvas Learning Management System.
  • Students are responsible for keeping a copy of all assignments and work submitted, and to be aware of all assignments, due dates, and course guidelines.
  • Students are encouraged to keep and/or download a local copy of their assignment files, as access to the online environment of a specific course is limited to 30 days after the final course date, as listed in the course catalog.

    If you need assistance downloading student materials from your course, please contact Canvas Support or the UCLA Extension Learning Support Team.

UCLA Extension Canvas and Learning Support

For immediate 24/7 Canvas technical support, including holidays, click on Help (located on the menu to the left) where you can call or chat live with a Canvas Support representative.

UCLA Extension Instructional Design and Learning Support
The UCLA Extension Learning Support staff assists both students and instructors with Canvas-related technical support, as well as general and administrative questions.

Learning Support staff is available Monday through Friday, from 8 AM to 5 PM (Pacific Time), except holidays:

Campus Safety Escorts

For students taking classes held on the UCLA campus and in and around Westwood Village, the UCLA Police Department provides a free walking escort service every day of the year from dusk until 1 a.m. Community Service Officers (CSOs) are available to walk students, faculty, staff members and visitors to and from anywhere on campus, in Westwood Village, and in the village apartments. CSOs are uniformed students who have received special training and are employed by the UCLA Police Department. To obtain an escort, please call (310) 794-9255 and allow 15 to 20 minutes for your escort to arrive. For complete information, see: https://www.ucpd.ucla.edu/services/community-service-officers-csos/evening-escorts

Schedule

Course calendar and related activities
When Module Title Notes
Notes to Course Schedule

Assigned Readings and Problems

Weekly Assigned Readings and Problems should be completed BEFORE CLASS MEETS on the dates shown in the Course Schedule below.

Quizzes

All quizzes and exams will be taken online.

Online
Week 1
09/22/2021
6:00 PM - 9:00 PM
ZOOM
Course Overview and HP12c Basics

HP-12C Owner’s Handbook, Sections 1-2, 5, Appendix A.

Kaplan: 13-53, 70-78

Problems: 13, 15, 16, 17, 18, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49

 

Practice Quiz Online

Online
Week 2
09/29/2021
6:00 PM - 9:00 PM
ZOOM
Discounted Cash Flow Analysis

HP-12C Owner’s Handbook: Section 3.

Kaplan: 54-59, 60-66, 67-69, 84-87, 105-107

Problems: 52-60, 61-66, 67, 68, 69, 70, 73, 76, 79, 82, 85, 88, 94-96, 97, 100, 103, 106, 109, 111, 118-120, 121-126

How the Fed Works, Kevin Hasslett, AEI. (Article available in Readings Packet Module.)

 

Quiz 1 Online (Must be completed by 5pm, September 29, 2021)

Online
Week 3
10/06/2021
6:00 PM - 9:00 PM
ZOOM
Economics: Balance of Payments and the Federal Reserve

All Articles below available in Readings Packet Module

Selling the Nation, Warren Buffett, Forbes.

How Government Prolonged the Depression, Cole and Ohanian, Wall Street Journal.

How Government Created the Financial Crisis, John Taylor, Wall Street Journal.

The Fed’s Monetary Policy Response to the Current Crisis, Glenn Rudebusch.

The Fed’s Exit Strategy for Monetary Policy, Glenn Rudebusch.

 

Quiz 2 Online (Must be submitted by 5pm, October 6, 2021)

Online
Week 4
10/13/2021
6:00 PM - 9:00 PM
ZOOM
Inflation Adjusted Discounting

HP-12C Handbook: Section 4

Kaplan: 79-80, 89-103

Problems: 127-132, 214, 215

 

Quiz 3 Online (Must be completed by 5pm, October 13, 2021)

Online
Week 5
10/20/2021
6:00 PM - 9:00 PM
ZOOM
Capital and Purchasing Power Preservation

Kaplan: 81-83, 101-104

Problems: 115-117

Everything You Need to Know About Bonds, PIMCO. (Available in Readings Packet Module.)

Great American Bond Bubble, Jeremy Siegel and Jeremy Schwartz, Wall Street Journal. (Available in Readings Packet Module.)

Take-Home Midterm Exam Available

Quiz 4 Online (Must be completed by 5pm, October 20, 2021)

Online
Week 6
10/27/2021
6:00 PM - 9:00 PM
ZOOM
Bonds and Duration

Midterm Exam Due. The exam must be completed online.

Formulas Provided for CFP Exam

Kaplan: 108-127

Problems: 136, 137, 138, 139, 140, 141, 142, 143, 144, 147

Bedo Case Available

Online
Week 7
11/03/2021
6:00 PM - 9:00 PM
ZOOM
Performance Measures and Modern Portfolio Theory

HP-12C Handbook: Section 6

Kaplan: 131-139, 148-163

Problems: 148, 149, 150, 151, 154, 155, 156, 157, 158, 159, 160, 161, 162, 163, 164, 165, 181, 182, 183, 184, 185, 186, 187, 189, 190, 192 , 205 

 

Online
Week 8
11/10/2021
6:00 PM - 9:00 PM
ZOOM
Equity Valuation Models

Kaplan: 140-144, 164-172

Problems: 166-171, 193, 194, 195, 196, 198, 199, 201, 202, 203

Watch lecture videos available in the Week 8 Module.

Quiz 5 Online (Must be completed by 5pm, November 10, 2021)

Online
Week 9
11/17/2021
6:00 PM - 9:00 PM
ZOOM
Tax Adjusted Returns and Lease vs Buy Analysis

Kaplan: 148-149

Problems: 178-180, 207, 208

HP-12C Owner’s Handbook, The Rent or Buy Decision (pp. 130-134)

Watch Lecture Videos available in the Week 9 Module.

Quiz 6 Online (Must be completed by 5pm, November 17, 2021)

Online
Week 10
11/24/2021
6:00 PM - 9:00 PM
ZOOM
Review Practice Problems for Final Exam

Complete practice problem set for final exam. The problem set is available in the Week 10 Module.

 

Quiz 7 Online (Must be competed by 5pm, November 24, 2021)

Submit the Bedo Case Client Letter and analysis online by 11:59pm, November 24, 2021.

Online
Week 11
Canvas Website
Final Exam

Comprehensive Final Exam - ONLINE

Exam must be completed by 11:59pm on December 5, 2021. 

Note: The class is scheduled to end on December 1. The due date for completing the final exam is extended to December 5 to allow more time after the Thanksgiving Holiday to prepare for and complete the final exam.