financial planning assignment mcs 2100

• High School
• You don't have any recent items yet.
• You don't have any courses yet.
• You don't have any books yet.
• You don't have any Studylists yet.
• Information

MCS 2100 Financial planning assignment

Personal financial management sfw (mcs2100), university of guelph, recommended for you, students also viewed.

• Adade Michael Casestudy
• Financial Planning Assignment
• MCS Discussion 2, Q1
• Financial Planning Assignment Answer Template MCS2100DE Porras

Related documents

• W19 case study assignment
• Financial Planning Assignment Answer Template MCS2100DE New
• Fpa - Financial Planning Assignment
• Seminar assignments - case + answers
• Untitled document - Group Discussion answer to #4 Reflection
• Colyer Ava Financial Planning Assignment

Preview text

Student name: student id:.

Financial Planning Assignment Answer Template

This is what you need to fill out to submit to the Dropbox. Use point form. You need to use proper spelling. Do not submit any other documents.

Goal Setting

Goal Cost Time Action Constraint

Short term $300 4 Months Create a monthly budget that will allow me to save $75. every month, over four months.

Irresponsible overspending of my income would screw up my budget, in turn, disrupting my savings goal.

Save up to purchase a new pair of headphones.

Intermediate term

$5000 60-72 months (5-6 years)

Utilize table 1-8, Section B (‘The future value of a series of annual deposits’) from the textbook to determine a required amount that must be deposited yearly to reach my goal.

An emergency of sorts could arise where I would need to utilize my savings on something that is immediately necessary. For example, if I needed replacing of my current computer due to an unforeseen accident.

Be able to place a down payment on a new car.

Opportunity Cost

Financial opportunity cost explanation, i recently accepted a new job, that will require me to, purchase goods/medical, supplies, distribute those, supplies, the handling of cash, donations, and clearing, the personal opportunity cost associated with my, accepting of this job is that the time i spend, working this job will be time that i will not have, available to me for my studies. the financial, opportunity cost associated with this job is that i, will be attaining money that i can use towards some, invoices of purchased goods., the salary for this job is, $500 weekly, requiring 1-, working hours 3-4 times a, of my variable monthly expenses, whereas not, working this job would simply result in my, financial situation remaining the same., economic trend.

Description of the Trend Influence on Financial Planning The CPI (Consumer price index) for Canada increased from 155 points in March 2023, to 156 points in April 2023. The forecasted trend is that the CPI will grow to be 158. by the end of the current quarter. In the long term, the projected CPI for 2024 is expected to trend around 160.

The increase in consumer prices is a scare for my financial planning as an increase in consumer prices that is not matched by an increase in salary for myself will lead to me being unable to purchase the same amount of goods and services. This increase in CPI will also lead to an increase in interest rates that will affect my future financial decisions.

Economic Trend Source: tradingeconomics/canada/consumer-price-index-

cpi#:~:text=Consumer%20Price%20Index%20CPI%20in%20Canada%20averaged %2066%20points%20from,points%20in%20January%20of%201950.

Financial Situation and Net Worth

Are your numbers appropriate for your situation? Explain. (You can include your numbers if that is helpful or just explain)

Why or why not?

Improvement Plan or How to Maintain if Appropriate

Net Worth Currently, I have the financial It is always good to “Save more”,

deposited into a savings account.

Emergency Plan

Financial Emergency Cost of Emergency How I Will Pay for Emergency

Back-up Plan

Loss of my current employment.

Over a month’s time, the loss of my job would cost me roughly $1200 of cash inflow.

I will create a savings account that will cover my living expenses while out of work.

If my initial emergency plan were not adequate, I would need to liquidate some of my possessions to cover my living expenses while out of work.

Having lost/someone stealing my credit card.

From $0 to $ (max tap credit limit is $100) depending on if it were lost or stolen.

With the current budget that I have in place I am putting aside money to be placed into a savings account. If my credit card were to be stolen, I would sacrifice that month’s payment to the savings account to allow myself to pay off my debt.

If I were in a position where I did not have any savings, I would ask to take a loan from my parents to pay off the debt. As the loan from my parents would be interest free, whereas the credit card debt is not.

I will plan for future emergencies by creating a monthly budget that enables me to set aside money and place it into an ‘emergency fund’ (a savings account) lest an emergency was to arise. Once my emergency fund reaches the amount that would cover my living expenses for three months, I would allocate the monthly emergency fund deposits to be deposited into my TFSA.

Control and Monitor Methods

Strategy to be Used

Explanation of How I Will do This

Control Strategies Create a realistic spending plan (budget) to ensure that overspending does not occur

I will look at previous months of spending patterns: entertainment expenses, grocery bills, review my subscriptions. Using those values, I will create a budget to control my amount of cash-flow out. Within my budget, I will include an extra amount of money to allow for a little ‘breathing room’ if an emergency were to arise.

Monitoring Strategies

Notebook to monitor income and expenses.

Concerning the monitoring of my money, I have created and will continue to use a notebook in which I make note of all my expenses, and my income in each month. For example, when grocery shopping, I will always save my receipts to ensure that I know how much I have spent, and on what particularly I have spent it on. Similarly, whenever I receive a pay cheque, I make note of the take home amount of money that I have received.

Course : Personal Financial Management SFW (Mcs2100)

University : university of guelph.

• More from: Personal Financial Management SFW Mcs2100 University of Guelph 165   Documents Go to course

• CourseLink Login

MCS*2100 - Personal Financial Management

Course Description

This introductory course is designed to help students develop and achieve their personal goals in financial management.

Note:  This course can be taken individually or as a part of a certificate program.

Learning Outcomes

By the end of the course, the learner should be able to:

• Assess personal financial situations, prepare relevant financial statements and set meaningful financial goals
• Manage consumer credit, use the financial system to tap into credit sources for housing and other major expenditures
• Avoid consumer credit traps and apply strategies for paying off debts as fast as possible
• Identify insurance needs and manage personal risks with the appropriate choice of insurance and other mechanisms;
• Describe how financial markets and financial securities work and make appropriate selections of savings vehicles, stocks, bonds, and mutual funds
• Create a plan to achieve a desirable post-retirement lifestyle
• Use estate planning to meet the needs of dependents and to insure the orderly transfer of assets
• Demonstrate the ability to apply basic calculations for personal financial and investment analysis

Course Topics

• Personal Financial Planning
• Income Tax Strategies
• Banking Services of Financial Institutions
• Consumer Credit
• Finances of Housing
• Estate Planning

Additional Requirements

Prerequisite(s): 5.00 credits

Equate(s): COST*2100

Additional Technical Requirements

This course will use the following:

• Respondus  tool to invigilate one or more exams.    

Please view the  Technical Considerations .

Applies Towards the Following Certificates

• Certificate in Business : Electives

Technical Requirements

You are responsible for ensuring that your computer system meets the necessary system requirements . Use the browser check tool to ensure your browser settings are compatible and up to date (results will be displayed in a new browser window).

*Course details are subject to change.

MCS*2100 - DEOL

Note:  Either the print or e-text version of the textbook is acceptable for use in this course.

Connect Publishes Access Code is not required for completion of this course, however, you may find this to be a helpful learning resource.

Note:  If you are in a degree program at the University of Guelph, please DO NOT register using the link above.  You must register through   WebAdvisor .

• Textbook (Confirmed) (Mandatory) Personal Finance by Jack R. Kapoor, Les R. Dlabay, Robert J. Hughes, Lewis Stevenson, Ernest J. Kerst © 2021 McGraw-Hill Education Canada 8th Canadian edition ISBN Print: 9781260326956 eBook&Connect: 9781264160129
• Publishers Access Code (Confirmed) (Optional) ISBN Connect: 9781260890198

Session Time-Out

Olp - domestic tuition 2019 2024, restrictions, olp - domestic non-ontario tuition 2023 2024, olp - international tuition 2023 2024, virginia l. gray memorial bursary donation - sr0006, open learning bursary - sr0007, privacy policy.

Privacy policy

Open Learning and Educational Support (OpenEd) adheres to the University of Guelph's Policy on the Release of Student Information. This policy outlines the procedures followed by OpenEd with respect to personal information obtained from registered and prospective students.

Student Information OpenEd collects the following information:

• Current and prospective student biographical information including name, address, employer, employee number, email, and contact information
• Student enrolment activities and related grades/marks
• Student financial and payment information, including credit card numbers, bank accounts and financial status
• Student comments through the course evaluation process
• Activities within the online learning environment, including discussions, marks, assignments and quizzes, and the completion of online surveys
• This information is collected in writing, as well as verbally and electronically.

Purpose, Access and Disclosure The above information is collected as necessary to provide the academic services of OpenEd.

Access to student and course enrolment information is limited to officers of the University who require the information in order to perform the duties of their position.

Disclosure to third parties will only occur under one or more of the following conditions:

Upon written request of the student In the event of an emergency Upon the presentation of a court order (to be released to a police officer or officer of the court) For the collection of OpenEd's outstanding accounts (to be released to collection agencies) For the promotion of OpenEd's activities to former, current and prospective students* *OpenEd requires that any mailing agencies used in the distribution of promotional materials and information comply with both the University's privacy guidelines and OpenEd's Privacy Policy.

Individuals who do not wish to receive promotional material or information relating to the academic activities of OpenEd can email our main office or phone us at 519-767-5000 to be removed from the list.

Program evaluations for continuing education activities will follow the guidelines outlined in the Program Evaluation Standards and Policy established in March 2004. Information collected on the departmental academic surveys will adhere to the guidelines established by the University of Guelph Faculty Policies.

Retention of Records Prospective student information - 3 years Student and enrolment information (no final mark) - 3 years Student and enrolment information (with mark) - permanent Continuing education course evaluations - 1 semester Departmental academic surveys - 1 semester Course exams - 1 semester Student activity on the online platform - 1 semester Undergraduate Course Request Forms - 2 years Transcript Request Forms - 1 year Transcripts for other institutions - 1 year Certificate and Diploma Request Forms - 1 year Continuing education registration forms - 7 years Purging of Records Student personal and enrolment activities will be purged after three years of inactivity unless a final mark is associated with the enrolment. Enrolments that include final marks are retained indefinitely in order to prepare official academic achievement reports.

Information collected in courses served on the online learning platform will be maintained for one semester after the subsequent offering. After such time, student names will be removed from discussion postings and will be replaced with unique identifiers in order to protect the confidentiality of students, while allowing for course development and continuous improvement strategies. Student assignments submitted online will be purged at the end of the following semester. All records will be destroyed when they are no longer considered useful.

Violations and Complaints Complaints or alleged violations of this policy will be received and investigated by the OpenEd Director in accordance with the University's guidelines on the Protection of Privacy and Access to Information. Complaints or concerns about the application of this policy or the use of student information should be directed in the first instance to the OpenEd Director and subsequently to the Protection of Privacy and Access to Information Officer.

Cookie Policy

Cookie policy

This statement explains how we use cookies on our website. For information about what types of personal information will be gathered when you visit the website, and how this information will be used, please see our privacy policy.

How we use cookies

All of our web pages use "cookies". A cookie is a small file of letters and numbers that we place on your computer or mobile device if you agree. These cookies allow us to distinguish you from other users of our website, which helps us to provide you with a good experience when you browse our website and enables us to improve our website.

Types of cookies we use

We use the following types of cookies:

• Strictly necessary cookies - these are essential in to enable you to move around the websites and use their features. Without these cookies the services you have asked for, such as signing in to your account, cannot be provided.
• Performance cookies - these cookies collect information about how visitors use a website, for instance which pages visitors go to most often. We use this information to improve our websites and to aid us in investigating problems raised by visitors. These cookies do not collect information that identifies a visitor.
• Functionality cookies - these cookies allow the website to remember choices you make and provide more personal features. For instance, a functional cookie can be used to remember the items that you have placed in your shopping cart. The information these cookies collect may be anonymized and they cannot track your browsing activity on other websites.

Most web browsers allow some control of most cookies through the browser settings. To find out more about cookies, including how to see what cookies have been set and how to manage and delete them please visit http://www.allaboutcookies.org/ .

Specific cookies we use

The list below identify the cookies we use and explain the purposes for which they are used. We may update the information contained in this section from time to time.

• JSESSIONID: This cookie is used by the application server to identify a unique user's session.
• registrarToken: This cookie is used to remember items that you have added to your shopping cart
• locale: This cookie is used to remember your locale and language settings.
• cookieconsent_status: This cookie is used to remember if you've already dismissed the cookie consent notice.
• _ga_UA-########: These cookies are used to collect information about how visitors use our site. We use the information to compile reports and to help us improve the website. The cookies collect information in an anonymous form, including the number of visitors to the website, where visitors have come to the site from and the pages they visited. This anonymized visitor and browsing information is stored in Google Analytics.

Changes to our Cookie Statement

Any changes we may make to our Cookie Policy in the future will be posted on this page.

Leavey School of Business on LinkedIn   Leavey School of Business on Instagram   Leavey School of Business on Youtube   Leavey School of Business on Facebook

Discover Your Next Step This will only take a moment.

Elevate Your Finance Expertise

To stay ahead of the competition in today's complex financial markets, savvy financial analysts and managers must have a clear grasp of how to maximize returns while mitigating risk. Leavey’s Master of Science in Finance and Analytics (MSFA) program combines finance fundamentals with innovative analytical capabilities to provide you with the skillset necessary for a dynamic career at the cutting edge of finance. Whether you are looking to go into corporate finance, investment management, or capital markets, the Leavey MSFA degree will place you at the forefront of emerging trends and evolving needs of the global marketplace.

Start Your Application Learn More

With a beautiful 105-acre campus, Santa Clara University is located at the center of the most innovative region in the world, with over 7,000 companies and startups in Silicon Valley.

Leavey faculty are teaching scholars–often published in top-ranked journals and presenting at conferences all over the world. Learn more about our Finance & Analytics faculty .

Our curriculum blends team-based collaboration with cutting-edge business practices and hands-on projects, preparing students with skills to power dynamic 21st-century careers.

Combining our core values rooted in the Jesuit tradition with the dynamic ethos of Silicon Valley, we educate ethical business leaders who will work to make our businesses, our community, and our world a better place.

Tap into incredibly strong Leavey and Santa Clara University connections–25,000 and 100,000 alumni respectively. Explore Leavey's alumni network .

Classes are offered in the evenings and weekends to fit your life and goals. Plus, a variety of electives allow you to customize any Leavey degree to your interests and timeline.

See All Events

Our practical, hands-on curriculum is taught by stellar faculty and distinguished Bay Area practitioners. Classes meet 2-4 days a week in the evenings or on weekends.

Modal title

For a full list of electives, please visit the Graduate Bulletin .

MS students at the Leavey School of Business are required to complete an experiential learning program requirement in the form of either a practicum or capstone project. Students are able to use real data and apply their classroom learnings to real problems. In addition, it offers a unique opportunity to connect directly to leading companies and potential employers.

*Total academic units and available electives subject to change based on annual curriculum review and updates.

"The idea was to come to Santa Clara, get a master’s degree, and get into a field more involved with financial analytics. That is exactly what happened, and I absolutely feel I made the right decision. SCU's location, reputation, program duration, strong network with alumni and businesses, small class sizes, approachable professors, real-world experience, and a great learning experience from peers provided me a better position to succeed in my career."

Sydney Foresythe MSFA Class of 2015

The Graduate Business Career Management (GBCM) team organizes a diverse range of events and workshops, offers unlimited one-on-one career coaching, and provides networking opportunities for graduate students and alumni.

Common Roles

Admissions Criteria

Our admissions team looks for:

• Bachelor's Degree – All majors accepted
• Prerequisites – Calculus I & Statistics
• Work Experience – Not required, but may strengthen application
• Academic Records and Transcripts – Must be evaluated by a NACES member organization
• English Proficiency Test – TOEFL, IELTS, Duolingo, or GMAT/GRE score above 50th percentile on the verbal portion
• Recommended to submit application by Priority Deadline for I20 Preparation

Attend an Admissions Event

Join us at one of many admissions events, including information sessions, networking events, webinars, and class visits. Find an upcoming event that fits in your schedule.

Meet with an Advisor

We know you have questions! Our admissions team is available for one-on-one phone or virtual appointments .

Prepare Your Application Materials

For your application, you'll need:

• Application fee*
• Personal statement*
• GMAT/GRE scores or test waiver
• Official transcripts*
• 2 letters of recommendation*
• Interview (as requested)

* Waived for Santa Clara University Alumni Pathway applicants

Start Your Application Contact Us

Cost & Financing

The estimated cost for the MS in Finance & Analytics program is $1,462 per unit for the 2024-2025 academic year, with a minimum of 36 units required for graduation. Program fees are subject to adjustment annually, and the number of required units may change. Visit the University Financial Aid Office website for more information about the cost of attendance.

Merit scholarships are automatically considered at the time of application. The majority of merit awards are given to students with a GRE or GMAT score officially submitted, and to students who apply by priority deadlines. Explore all available graduate business scholarships . 

The University Financial Aid Office can help in locating and applying for federal or private loans. You may visit the staff in Patricia A. and Stephen C. Schott Admission and Enrollment Services Building; call (408) 551-1000, or email [email protected] .

Some students receive financial assistance from their employers that can help offset the cost of attendance. Check out this article from Indeed for tips on gaining employer support for your journey to a graduate degree.

All of our on-campus MS Programs are STEM-designated degrees and graduating students are eligible for the STEM OPT extension depending on their situation. Length depends on whether or not students have used any OPT time prior to joining our program.

Interested in Even More Flexibility?

Rooted in innovation, collaboration and integrity, our Online MS in Finance & Analytics lets you complete classes from where you prefer, on your schedule.

Learn More about Leavey's Online MSFA

Applications are normally open 9 months in advance of the application deadline.

Yes. Applicants are eligible to apply without the prerequisite(s), but must fulfill the prerequisite(s) prior to enrolling.

• MS Business Analytics: 1 course of college-level calculus and 1 course of college-level statistics
• MS Financial Analytics: 1 course of college-level calculus and 1 course of college-level statistics
• MS Information Systems: 1 course of college-level programming (accepted languages are Python, Java, R, C and C++ only)
• MS Marketing: No prerequisites

Courses from Coursera, Straighterline, Udacity, edX, or the like, are not accepted. Prerequisites must be taken at an accredited university. Applicants may take the prerequisites through a University of California Extension, though a comparable university or community college is accepted, if accredited.

Prerequisites must have at minimum the following course content:

• Statistics - Topics in statistics should include descriptive statistics, regression, probability, random variables and distributions, the central limit theorem, confidence intervals and hypothesis testing for 1 & 2 populations, goodness of fit, and contingency tables.
• Programming Language - C, C++, Java, Python, or R. Students should have an intermediate understanding of the language after the completion of their course. Languages such as Javascript, HTML, SQL and CSS will not fulfill the requirement.
• Calculus 1 - Topics should include differential and integral calculus, key concepts of limit, derivative and continuity, derivatives in graphing and optimizing functions, and fundamental theorem of calculus.

No. Prerequisite competencies must be taken from accredited colleges/universities who can provide us with an official transcript showing successful completion (grade)

Our MS programs do not require full-time work experience. However, work experience is preferred and many MS students have had between 1-3 years of work experience prior to enrolling, including internship experience. College seniors and recent college graduates are eligible to apply.

While the GMAT (Graduate Management Admissions Test) has been the standard exam used for business schools, the GRE (Graduate Record Exam) is also accepted. We do not prefer one exam over the other.

We do not have minimum test scores for the GMAT or GRE and your application evaluation is based on a comprehensive review. The average GMAT score for MS programs is 650. The average GRE score is 309 for MS programs. Scores from either test are valid for five (5) years. Applicants are welcome to take either exam more than once; we will only consider the highest score.

Applicants whose first language is not English must achieve a minimum score of 100 on the TOEFL (internet-based test), or 7 on the IELTS, or 125 on Duolingo. Scores are valid for two years. This requirement also may be met by scoring at or above the 50th percentile on the verbal portion of the GMAT or GRE, or if the applicant has a degree from an accredited U.S. university.

GMAT School Code: BV3-WB-51

GRE School Code: 4851

TOEFL School Code: 4851; or BusinessCAS B888

Duolingo English Test - Send to Leavey School of Business

Yes, you may submit, however it is preferable that GMAT, GRE, TOEFL, Duolingo and/or IELTS scores are submitted with the application. We recommend that applicants take the test at least 4 weeks before the posted deadline. Delays in taking and/or reporting the test scores will postpone the completion of your application, and ultimately a decision. All scores must be verified.

Yes, but only to strong candidates who demonstrate a combination of good full-time work experience and a strong, verifiable (usually with transcripts) quantitative/technical background. Students who submit waivers risk not being eligible for any merit scholarships .

Yes. All students who submit their completed application by the priority deadline are reviewed for scholarship when we evaluate their application. No additional paperwork is required. Students who submit after that date may be considered if scholarship funds are still available. Scholarships are merit-based.

In addition, the university offers federal and private loans. Domestic students (US citizens and permanent residents) are eligible for both federal and private loans, while international students are only eligible for private loans with or without a creditworthy US cosigner.

On-Campus Programs

Winter Deadline (approximate start date early January)

• October 1st final deadline

Fall Deadline (approximate start date mid-September)

• April 1st for scholarship priority
• May 1st final deadline

MSBA, MSFA: 

For the application process, NO. However, you are required to submit an official transcript for each school you attended or an official foreign evaluation (if you’ve attended an international school) before the first quarter begins.

Applicants with a bachelor’s degree from outside of the United States are required to have their official transcripts evaluated, regardless if the transcript is printed in English. (Applicants with a US master’s degree are waived this requirement.) We require a course-by-course, cumulative GPA, and U.S. degree equivalency evaluation. We have several service providers.

• Educational Credential Evaluators (ECE), Inc.
• Josef Silny & Associates, Inc.
• International Education Research Foundation, Inc.
• Educational Perspectives
• Scholaro (AICE)

Maybe. All international bachelor’s degrees MUST be evaluated (see above) and determined to be equivalent to a US bachelor's degree. Click here to read about the policy for admitting students with a three-year degree.

To qualify for internships, international students on an F-1 visa MUST complete three consecutive quarters as a full-time student. They must also submit a request to pursue the internship with student programs and the ISS Office.

We prefer letters of recommendations from your professional network, that is, supervisors and colleagues; however, we also accept letters of recommendations from those you have worked with in academic and volunteering settings, particularly for those who will or have recently completed an undergraduate degree prior to the start of the program.

Qualified applicants will be invited to interview either in person or via Zoom.

After an application is submitted, applicants will receive an email with login credentials to access their Application Status page. This page will show the application checklist, any missing materials, and provide the option to upload any additional documents. 

Once the application is complete, qualified applicants will receive an invitation to schedule an on-campus or video admission interview. Following the interview, most applicants will receive an admission decision within two weeks after the final admissions interview.

Once admitted students must place a nonrefundable deposit within 2 weeks to hold a seat in the program to which they were admitted. The deposit is credited toward the first quarter of tuition.

MSIS: $750 MSBA, MSFA: $1000

We offer a total of four online programs, including three MS programs - MS Business Analytics , MS Finance and Analytics , and MS Marketing - as well as our Online MBA. To learn more about our online offerings, visit here . 

Yes, SCU offers Graduate Housing options .

Many of our Graduate Students choose their own accommodation within walking distance of campus. The admission team will not work with students directly to secure housing, but may offer opportunities to connect with other admitted students prior to the start of the program.