2024-2025 Catalog

 

400

FINC-420 Introduction to Financial Planning

The course introduces the principles of financial planning including the financial planning process, the CFP Code of Ethics, financial and cash flow statements, financial institutions and services, financing strategies, economic concepts, and the impact of business and consumer protection law. Throughout this course, the student will integrate biblical wisdom into a review of personal financial planning.

3

FINC-421 Risk Management Foundations

The course focuses on the foundations of risk management for individual investment planning. Topics include principles of risk and insurance, analysis and evaluation of risk exposure, health and health care cost management, disability income insurance, long-term care insurance, life insurance, taxation of life insurance, business uses of insurance, insurance needs analysis, and insurance company and policy selection. Throughout this course, a biblical perspective of investing and risk management will be applied.

3

FINC-422 Biblically Based Investment Planning

The course focuses on investment planning. Topics include the characteristics, returns, and risks of investment vehicles, various quantitative measures used in evaluating investments, client portfolios formulation, evaluating investment strategies and diversifying asset allocations. Throughout the course, the student will develop a comprehensive, biblical perspective of investing.

3

FINC-423 Introduction to Income Tax Planning

This course introduces the income tax system for individuals, trusts, estates, and business entities. Students will review income tax law fundamentals and calculations, tax compliance, basis, Alternate Minimum Tax, tax reduction management techniques, passive activity, at-risk rules, tax implications of special circumstances, and charitable contributions. Throughout this course, students interpret taxes using biblical principles.

3

FINC-424 Retirement and Benefits Planning

The course focuses on analyzing client retirement and benefit needs, differentiating between retirement plans, evaluating the rules and tax implications of retirement plans, applying the Social Security system to the financial planning process, recommending retirement plans for businesses, and selecting suitable client investments. Throughout this course, the student will develop a comprehensive, biblical perspective of retirement and benefits planning.

3

FINC-426 Rethinking Wealth: Estate Planning and Wealth Transfer

This course focuses on the components of estate planning which include property titling mechanisms, tax implications, types of trusts, wealth transfer strategies, and postmortem estate planning techniques. Throughout the course, the student will develop a comprehensive, biblical perspective of wealth within the context of estate planning and wealth transfer. Prerequisite: FINC-420

3

FINC-427 Creating the Financial Plan

This course synthesizes the principles and practices of financial planning. Students will create a comprehensive financial plan that considers the fundamentals of financial planning, risk management, income tax, retirement, employee benefits, investment, and estate planning. Students will also integrate biblical principles of leadership, discipleship, stewardship, decision-making, question-asking, and goal-setting involved in the financial planning process. Prerequisite: FINC-420, FINC-421, FINC-422, FINC-423, FINC-424 and FINC-426

3
Indiana Weselayan