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Columbia College
Evening Campus
1001 Rogers Street
Columbia, MO 65216
(800) 231-2391


16 / 36 - Late Summer Session
June - August 2017

Course Syllabus

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Course Syllabus
16 / 36 - Late Summer Session
June - August 2017
Evening Campus
1001 Rogers Street
Columbia, MO 65216
(800) 231-2391

Course Prefix and Number: FINC 298 A
Course Title: Personal Financial Planning
Semester Credit Hours: 3
Class Day and Time: Thu 
5:30 p.m.-9:30p.m.
Additional Notes:

This course is web-enhanced, taught entirely in a classroom setting using D2L course management software to supplement in-seat content.


Catalog Description

Broad coverage of personal financial decisions including basic financial planning, managing savings, taxes, the use of credit, buying a house, making insurance and employee benefit decisions, managing investments, and saving for retirement. Offered Fall and Spring.


Personal Wealth: Turning Money into Wealth 7th edition
Author: Kwoen (Prentice Hall)
ISBN: 9780133856439

Course Learning Outcomes

  1. Explain the components of a financial plan and the basics of the U.S. Income tax system.
  2. Explain strategies for managing cash and credit.
  3. Demonstrate an understanding of the basic types of life, health, and property insurance.
  4. Demonstrate an understanding of the fundamentals of investing including tax-advantaged investments
  5. Demonstrate an understanding of retirement and estate planning.

Special Course Requirements

Students are required to have a financial calculator for this course. If a student does not have a financial calculator, I recommend the Texas Instruments BA II Plus. The calculators are required by Thursday of Week Two.

Students should bring in articles relevant to personal financial planning and share this information with the class.

Instructional Methods

I will lecture, use PowerPoint and class discussion on material in the text; I will also use and discuss relevant current media information to supplement the text material.

I will hand out problems to be worked in class. These will not be graded; the problems will support and enhance the course materials.

I will also schedule speakers to present information on insurance, securities and estate planning. These speakers will address relevant issues, the planning processes and answer student questions.

Out of Class Activities

I will ask each student to review his or her insurance policies for amount and type of coverage, and the annual premium and recommend they discuss this information with their agent. I will also ask them to prepare a personal balance sheet and income statement in the format shown in the text. This information is for their purposes only and will not be shared with the class. We will review the information to be included in the financial statements and why this information is critical for sound financial planning.

I will also recommend to those students who have retirement plans to discuss the asset allocation and performance with their agents or advisers.

Graded Activities

Assigned Homework100 Points50% of grade
Description -

There are five homework assignments from the chapters in the text.

Method of Evaluation -

Students' answers and supporting material for their answers. Students are required to show all their work for each problem to get credit.

Midterm exam25 Points12% of grade
Description -

The midterm will be multiple choice questions.

Final Exam25 Points12% of grade
Description -

Multiple choice questions.

Developing a 5-year financial plan for a client50 Points25% of grade
Description -

Students will prepare a five year financial plan for a fictitious client. The plan will include needs regarding asset allocation and management, to include insurance, education needs, retirement and estate planning, and funds for emergency needs, I will provide the relevant client information.

The paper should be 3-4 pages, excluding the title page.  The format is MLA with Times New Roman font, 12 type size.  Your last page will be the references. You may use the text as one reference; you will also need another reference. If the reference is an individual, the individuals professional title is required, (i.e. financial planner, broker, insurance agent, attorney, accountant, etc.).  I will subtract two points if the report does not have a separate title page and two points if the report does not have a separate reference page.

The Purdue OWL for MLA format and description can be found here,

Method of Evaluation -

The plan must be attainable. The student must be explicit in his/her reasoning for developing the requirements for the 5 year plan. S/he needs to answer in their recommendations as why s/he recommended this plan and how this plan better positions her/his client in risk reduction, asset allocation and flexibility.


Grading Scale

90-100 A
80-89 B
70-79 C
60-69 D
0-59 F

Additional Information / Instructions

The homework assignments are in the syllabus and in the content section of the D2L. I will review these assignments during the first class. The assigned problems are in the text at the end of the chapters. There is a midterm and final exam. There will not be any makeup tests unless illness or an unexpected event occurs. If this happens, the student is expected to contact the instructor as soon as possible with the reason(s) for his/her absence. If a student knows s/he will be absent for a test, s/he can take the test early with the approval of the instructor.

I will deduct two points for each day the homework assignment and paper are late. If a student does not submit all homework assignments and misses one or both tests, the student will not receive any credit for the assignments not completed and/or tests not taken.

I expect the students to have their textbooks and syllabus by the start of the first class period.

I do not accept e-mailed assignments or papers.  All assignments and papers are to be entered in the D2L dropbox.

Schedule of Activities and Assignments

Week 1
Financial Planning

We will review the worksheet on personal financial goals in Chapter 1 and the personal balance sheet and a simplified income worksheet in Chapter 2. I will also distribute blank sheets to the students to complete for their personal use. These are not to be returned to the instructor.


Read chapters 1 and 2 before class.


We will do a worksheet in class.  This is in addition to your homework assignment.

Additional Notes:

I will lecture and have class discussion on the important of preparing financial plans and how the information can be used.

Week 2
Time Value of Money, tax planning and liquidity

We will complete an in-class assignment, look at different planning worksheets and complete time value of money problems in class.


Read chapters 3, 4 and 5 before class.


Assignment number one is due at the start of class. Homework assignment one includes the following problems: problem 1 on page 25; problem 4 on page 55; problem 8 on page 56; problem 21 on page 87 and problem 5 on page 125.

We will do an in-class assignment and work some Time Value of Money problems in class as well.  This is in addition to your homework assignment.

I will assign the paper this week and discuss the requirements.

Additional Notes:

I will use PowerPoint and class lecture to discuss the time value of money, how it works, the features of tax planning and the meaning of and need for liquidity.  I will also use the whiteboard for the class session.

Week 3
Using credit cards and consumer loans

We will complete an in-class assignment, discuss payday loan laws in Missouri and other current topics relating to financial planning.


Read chapters 6 and 7 before class.


The second homework assignment is due. This assignment includes the following problems: problem 3 on page 160; problem 1 on page 192; problem 6 page 193; problem 4 on page page 232 and problem 6 on page 232.

We will do an in class assignment.  This is in addition to your homework assignment.

Additional Notes:

I will have a class discussion on the cost of payday loans, the advantages and disadvantages of credit cards. We will also discuss the various types of consumer loans, the difference between the nominal rate and APR and how the APR is calculated. We will discuss the steps to take if one's credit cards are stolen, to report an error on a credit card statement, and the terms of a loan. I will also do loan problems on the board and show how the APR is calculated.

Week 4
Home, Auto, Life and Health Insurance

We will complete an in-class assignment and discuss the important provisions of the Affordable Care Act.


Read chapters 8 and 9 before class.


The third homework assignment is due at the start of class. This assignment includes the following problems: problem 2 on page 277; problem 7 on page 277; problem 3 on page 328; problem 3 on page 357 and problem 7 on page 357.


The midterm will be on Thursday of Week Four, covering the materials in chapters 1-9.

I will finish the material in chapters 8 and 9 that we did not cover the previous meeting.

The students will have two hours for the exam.

Week 5
Health, Property and Liability Insurance

We will complete an in-class assignment, look at strange but actual issues regarding drivers and reasons for accidents.


Read chapter 10 before class.


The fourth homework assignment is due at the start of class. This assignment includes the following problems; problem 1 on page 399; problem 8 page 400; problem 1 on page 427; problem 2 on page 427 and problem 4 on page 460.

Week 6
Investment Basics, The Securities Market, Stocks

We will complete an in-class problem, look at historical returns on various classes of mutual funds.


Read chapters 11, 12 and 13 before class


The fifth homework assignment and papers are due at the start of class. This assignment includes the following problems: problem 5 on page 493; problem 5 on page 531; problem 1 on page 556; problem 2 on page 594 and problem 7 on page 595.

We will do an in-class assignment.  This is in addition to your homework assignment.

Week 7
Investing in stocks, bonds and mutual funds

We will work on an excel spreadsheet to plan our financial needs at retirement.


Read chapters 14,15 and 16 before class


We will do an in-class assignment.  I will also show how to complete the retirement planning worksheet.

Additional Notes:

I will return papers this week. I will lecture and use PowerPoint.

I will distribute a handout that has the math workup of a margin call. We will discuss how a margin call impacts an investor.

Week 8
Retirement and Estate Planning

Read chapter 17 before class


The final exam is Thursday of Week Eight, covering material in chapters 10-17.

Additional Notes:

I will discuss the material not yet covered from the previous meeting and the material in Chapter 17.  I will discuss the need for annual review of retirement accounts portfolios the portfolio's performance. I will also discuss the importance of regular wills, living wills (health care directives) and powers of attorney.

The students will have two hours for the final exam.


Library Resources

Columbia College Resources - Online databases are available at the Columbia College Stafford Library.  You may access them using your CougarTrack login and password when prompted.

Course Policies and Procedures


Columbia College Policy - Columbia College students are expected to attend all classes and laboratory periods for which they are enrolled.  Students are directly responsible to instructors for class attendance and work missed during an absence for any cause.  If absences jeopardize progress in a course, an instructor may withdraw a student from the course with a grade of "F" or "W" at the discretion of the instructor.  For additional information, see the Columbia College policy on Student Attendance.

Academic Integrity

Columbia College Policy - Columbia College students must fulfill their academic obligations through honest, independent effort.  Dishonesty is considered a serious offense subject to strong disciplinary actions.  Activities which constitute academic dishonesty include plagiarism, unauthorized joint effort on exams or assignments, falsification of forms or records, providing false or misleading information, or aiding another in an act of academic dishonesty.  For more information, see the Columbia College Academic Integrity Policy and Procedures.

Class Conduct and Personal Conduct

Columbia College Policy - Students must conduct themselves so others will not be distracted from the pursuit of learning.  Students may be disciplined for any conduct which constitutes a hazard to the health, safety, or well-being of members of the College community or which is deemed detrimental to the College's interests. Discourteous or unseemly conduct may result in a student being asked to leave the classroom.  For more information, see the Columbia College Student Code of Conduct and Student Behavioral Misconduct Policy and Procedures.

Cancelled Class Make-Up

Columbia College Policy - Classes cancelled because of inclement weather or other reasons must be rescheduled.  For more information, see the Columbia College Inclement Weather Policy.

Make-Up Examinations

Columbia College Policy - Make-up examinations may be authorized for students who miss regularly scheduled examinations due to circumstances beyond their control.  Make-up examinations must be administered as soon as possible after the regularly scheduled examination period and must be administered in a controlled environment.

Campus Policy - Make up examinations are scheduled on designated Saturday mornings 9am in 103 Buchanan. Students must present a picture I.D. in order to be admitted to the testing session. Students must arrange with the instructor to take the exam before or after it is given in class and permission to take a makeup examination (or any graded activity) is granted at the discretion of the instructor.

Adding, Dropping, or Withdrawing from a Course

Columbia College Policy - Students may add a course through Wednesday of the first week of the session and drop a course without academic or financial liability through close of business on Monday of the second week of the session.  Once enrolled, a student is considered a member of that class until he or she officially drops or withdraws in accordance with College policy.  An official drop/withdrawal takes place only when a student has submitted a Drop/Add/Withdrawal form.  A failure to attend class, or advising a fellow student, staff or adjunct faculty member of an intent to withdraw from a class does not constitute official drop/withdrawal.  The drop/add/withdrawal periods begin the same day/date the session starts, not the first day a particular class begins. If a student stops attending a class but does not submit the required Drop/Withdrawal form a grade of "F" will be awarded.  For more information, see the Columbia College Registration Policy and Procedures.

Withdrawal Excused

Columbia College Policy - A student may request an excused withdrawal (WE) under extraordinary circumstances by submitting a Drop/Withdrawal form accompanied by a complete explanation of the circumstances and supporting documentation to the location director.  The WE request must include all classes in which the student is currently enrolled.  The Vice President for Adult Higher Education is the approving authority for all WE requests.  A student who receives approval of their WE request may still be required to return some or all of the federal financial assistance received for the session.  For more information, see the Columbia College Withdrawal Policy.


Columbia College Policy - A student may request that the instructor award a grade of "I" due to extraordinary circumstances (unforeseen or unexpected circumstances beyond the student's control) that prevent a student from completing the requirements of a course by the end of a session.  An "I" will not be given because a student is failing, negligent or not meeting requirements.  If the instructor believes an "I" is appropriate, the instructor will specify the work needed to complete the course and the time allowed to complete the work.  Work missed must be made up within two subsequent sessions unless the instructor specifies an earlier date.  Extensions beyond two sessions must be approved by the Vice President for Adult Higher Education.  If the work is completed during the specified time period, the instructor will change the "I" to the grade earned.  If the work is not completed during the specified time, the instructor may allow the incomplete to remain on the student's permanent record or change it to any other letter grade.  For more information, see the Columbia College Undergraduate Grading Policy.

Grade Appeal

Columbia College Policy - A student may appeal any grade given if it is believed to be in error or in conflict with Columbia College policy and procedures.  The student must state in writing to the location director why the grade awarded is believed to be in error and request a desired remedy.  The faculty member who awarded the grade will be given the opportunity to comment on all student allegations.  If the issue cannot be resolved at the location the appeal will be transmitted through the location director to the Vice President for Adult Higher Education.  A grade appeal must be received for review by the Vice President for Adult Higher Education prior to the end of 60 days from the date the grade was awarded.  For more information, see the Columbia College Undergraduate Grading Policy.


Columbia College Policy - Course prerequisites are established to ensure that a student has adequate academic preparation to succeed in a particular course.  Staff members will attempt to ensure that students meet prerequisite requirements.  However, it is the student's responsibility to closely examine the course descriptions to determine if prerequisites exist and to enroll in courses in the proper sequence.  In some exceptional cases it may be apparent that the student possesses the required skills and knowledge to succeed in a particular course, even though they have not taken the prerequisite course.  In this case the prerequisite course may be waived by the location director.  Waiver of a course as a prerequisite does not remove the requirement to complete the course if it is a requirement for the student's degree program.


Columbia College Policy - The College provides all students access to CougarMail (the official means of e-mail communication for the College), online resources from the Stafford Library, and their Columbia College records (transcripts, grades, student schedules, etc.) through CougarTrack.


Columbia College Policy - The official student email address (also known as CougarMail) will be used for all official correspondence from faculty and staff.  Students are responsible for the information received and are required to monitor their CougarMail account on a regular basis.  Students may forward their CougarMail to another email account but will be held responsible for the information sent over CougarMail, even if there is a problem with the alternate mail service.

Cell Phones

Columbia College Policy - Cell phones can be a distraction to the learning process.  Location directors or course instructors may require that cell phones be turned off or set to vibrate during class periods.  Students requiring special arrangements to receive a cell phone call during class should make prior arrangements with their location director or course instructor.

Bookstore Information

Columbia College Policy - As part of Truition, students will receive their course materials automatically as described below. 

eText Information

If a course uses an eText, (see Textbook information above) the book will be available directly in Desire2Learn (D2L) and through the VitalSource eText reader the Friday before the session begins, if registered for courses prior to that date.  Students will have a VitalSource account created for them using their CougarMail email address.  Upon first login to VitalSource, students may need to verify their account and update their VitalSource password.  More information about how to use the VitalSource platform, including offline access to eTexts, can be found in D2L.  Students that would like to order an optional loose-leaf print-on-demand copy of eligible eTexts can do so through the VitalSource Bookshelf at an additional cost.  Once orders are placed, it can take approximately five to seven business days for students to receive their print-on-demand books.

Physical Course Materials Information

Students enrolled in courses that require physical materials will receive these materials automatically at the address on file with Columbia College.  Delivery date of physical materials is dependent on registration date and shipping location.  Please refer to confirmation emails sent from Ed Map for more details on shipping status.

Returns:  Students who drop a course with physical course materials will be responsible for returning those items to Ed Map within 30 days of receipt of the order.  More specific information on how to do so will be included in the package received from Ed Map.  See here for Ed Map's return policy.  Failure to return physical items from a dropped course will result in a charge to the student account for all unreturned items.

Students who opt-out of having their books provided as part of TruitionSM are responsible for purchasing their own course materials.  Visit for details.


Columbia College Policy - The Family Educational Rights and Privacy Act (FERPA) affords students certain rights with respect to their education records.  For more information, see the Columbia College Family Education Rights and Privacy Policy.

Student Accessibility Resources

Columbia College Policy - Students with documented disabilities who may need academic services for this course are required to register with the office of Student Accessibility Resources.  Until the student has been cleared through this office, accommodations do not have to be granted.  If you are a student who has a documented disability, it is important for you to read the entire syllabus as soon as possible.  The structure or the content of the course may make an accommodation not feasible.  Student Accessibility Resources is located in Student Affairs in AHSC 215 and can be reached by phone at (573) 875-7626.  For more information, see the Columbia College ADA and Section 504 Policy for Students.

Alcohol and Other Drugs: Columbia College Policies & Resources

Columbia College Policy - Columbia College recognizes the negative health effects associated with the use, possession, and distribution of controlled and/or illicit substances, and their detrimental impact on the quality of the educational environment.  Therefore, all members of the College community share in the responsibility of protecting the campus environment by exemplifying high standards of professional and personal conduct.  For more information and resources, see the Columbia College Alcohol and Other Drugs Policy.

Tobacco-Free Policy

Columbia College Policy - The following policy goes into effect on August 21, 2017.  Columbia College values and is concerned for the health and well-being of its students, employees and visitors. The College is committed to providing a healthful and productive educational and employment environment for members of the College community. Consistent with this commitment and in the interest of the general health and welfare of the College community, the College prohibits the use of all tobacco products and related devices on all College property and premises.  For more information, see the Columbia College Tobacco-Free Policy.


Columbia College Policy - Discrimination, harassment, and retaliation on the basis of protected status (see Notice of Non-Discrimination and Equal Opportunity for a definition of "protected status") are strictly prohibited. Persons who engage in such conduct are subject to discipline up to and including termination or dismissal.  For more information, see the Columbia College Non-Discrimination and Equal Opportunity Policy and Complaint Resolution Procedure.

Columbia College Policy Library

Columbia College Policy - The policies set forth in the Online Policy Library are the current official versions of College policies and supersede and replace any other existing or conflicting policies covering the same subject matter.  The Online Policy Library is currently under construction with new policies being added on a frequent basis and the policies currently listed are not comprehensive of every College policy.  Questions regarding the Online Policy Library should be directed to the Office of the General Counsel.  For more information on policies applicable to students, see Student Policies.  For more information on policies applicable to the entire Columbia College community, see College-Wide Policies.

Technical Support

Columbia College Policy - If you have problems accessing the course or posting your assignments, contact your instructor, the Columbia College Technology Solutions Center, or the D2L Helpdesk for assistance.  If you have technical problems with the VitalSource eText reader, please contact VitalSource.  Contact information is also available within the online course environment.

        - Columbia College Technology Solutions Center:, 1-800-231-2391 ext. 4357

        - D2L Helpdesk:, 1-877-325-7778

        - VitalSource:, 1-855-200-4146


Course Evaluations - All students are encouraged to complete the online course evaluations. Students are notified by way of CougarMail when the evaluations are available. The evaluations are used to help instructors improve their teaching techniques. They are reviewed carefully by the Evening Campus Director, Assistant Director, and several AHE Administrators. Student should know that all responses are completely confidential, instructors only view results after grades are posted. Your input is valued and appreciated.

Late graded assignment/activity policy - All graded assignments or activities are due when stated in the syllabus or by the instructor. Graded assignments or activities submitted after the stated due date/time will not receive any credit unless the instructor has specifically stated that full or partial credit may be awarded to late submissions.

Additional Instructor Policies

Children -

Children are not allowed in the classroom before or during class.  The class time is for the students, outside speakers, invited guests and employees of Columbia College.

Dress code -

Students are to expected to wear appropriate clothing to class.  As students of Columbia College, you represent the college, especially during class times. We will occasionally have invited speakers, possibly visitors and invited guests in the classroom so the impression we make is very important.  .    


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