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Finplan 2-Corporate Financial Planning (EBFV222)
This module is presented as follows in 2024:
- SUMMERSTRAND CAMPUS SOUTH: Full-Time (A1)
Can be used as a major: No
Offered in: Term 3+4
Credit value: 16
Estimated fees: R5000
Lecturer: KINSMAN, JE
- SUMMERSTRAND CAMPUS SOUTH: Full-Time (A7)
Can be used as a major: No
Offered in: Term 3+4
Credit value: 16
Estimated fees: R5000
Lecturer: KINSMAN, JE
Syllabus
PURPOSE
The overall module objective is to provide students with a broad perspective of the fundamentals of Corporate Financial Planning by referring to the key corporate financial planning areas namely Employee Benefits, Health Care and Business Assurance.
LEARNING OUTCOMES
Employee Benefits
• Understand and explain the differences between pension and provident funds.
• Identify the various types of pension and provident funds.
• Demonstrate an understanding of the various benefits provided within a pension or provident fund.
• Understand and discuss the regulations governing the retirement fund industry.
• Demonstrate an understanding of preservation funds.
• Demonstrate insight into the major developments and trends influencing the retirement fund industry.
• Understand and discuss the role of the Pension Funds Adjudicator and the procedures to lodge a complaint.
Health Care
• Understand and explain the development of the health care sector in SA.
• Demonstrate an understanding of the different types of medical schemes.
• Understand and discuss the benefit design of various medical schemes.
• Understand and discuss the Medical Schemes Act and regulations governing the Health Care industry.
• Understand and explain other regulatory issues in terms of the Medical Schemes Act.
• Discuss other health-related products.
• Demonstrate insight into developments affecting the health care industry.
• Understand and discuss the health care planning process.
Business Assurance
• Understand and explain the various business entities.
• Demonstrate an understanding of the basics of partnership insurance and buy and sell agreements.
• Understand what is meant by company-owned policies and demonstrate insight as to when they should be taken out.
• Understand and discuss the basics of deferred compensation policies.
• Understand what key person insurance is and demonstrate insight as to when it is required.
• Demonstrate an understanding of other business assurance plans used by companies.
CORE CONTENT
• Introduction to employee benefits:
o Pension, provident and preservation funds.
o Pension Funds Act.
o Pension Funds Adjudicator.
• Health Care:
o Medical Schemes Act.
o Health Insurance.
o Medical Schemes.
o Developments in Health Care.
• Business Assurance:
o Corporate Entities.
o Company-owned policies.
o Keyman insurance.
o Buy-and-sell policies.
Evaluation criteria
100% Continuous assessment:
The type of assessments and weightings will be provided in the study guide of the module.
MODERATION
Internal.
Prerequisites
• Personal Financial Planning (EBFV201)
Evaluation criteria
Evaluation criteria
100% Continuous assessment:
The type of assessments and weightings will be provided in the study guide of the module.
Prerequisites needed for this module
- Personal Financial Planning (EBFV201)
- Personal Financial Planning (EBFV201)