Instructor: Michael Yates
Course Overview and Objectives
The course part of the array of David Douglas Business Department electives intended to give an
overview of financial planning, taxation, insurance, budgeting, risk management, and related
Financial planning is the process of managing finances in order to meet life goals. Financial
planning coordinates all aspects of finances-earning, saving, spending, investing, tax planning,
retirement planning, and estate planning into one comprehensive plan, reflecting individual
needs and goals.
This course will involve a degree of mathematics, higher-level analysis and reasoning,
prediction, independent study, projects, teamwork, and research. This will require a heavy
reliance on a student’s application of CRLS such as: organization; and personal management.
With the objective of application to area of interest to the student, students should have the
option, whenever possible, to tailor their focus and direction of assignments and projects to their
areas of interest.
Computer work is an essential element in business and will be a utilized resource in this course.
Projects will feature PowerPoint presentations, stock tracking and graph creation on Excel, and
reading charts and graphs from credible internet sources. All assignments will be typed and
Subjects / Topics Explored
The following subjects, topics, and material will be addressed over the semester:
the importance of financial planning
setting financial goals
taxation and it’s impact on financial planning
ethics and financial planning
saving and borrowing
saving for college
insurance (auto, property, health, disability, etc)
Activities / Projects
1. Financial Goals Project: Students will be creating a company, developing a plan,
justification, and all supporting materials for that company to go public.
2. Consumer Guides: Students will be compiling a “guide” encompassing a summary of all
the topics covered during the course. The objective being a binder that a person could
hand to a person inexperienced in financial planning and be a helpful informational tool.
Note: These are excellent work examples for Junior and Senior Portfolios.
3. 1040EZ: Students complete an actual 1040EZ given scenarios of an employee profile and
details. Current tax tables are referenced online.
4. Case Studies: Preparation and in-class discussion of two case studies are required. These
cases will deal with actual financial management situations. Students will be expected to
evaluate situations, identify problems, and recommend solutions.
Introduction to Financial Planning
Steps of the Financial Planning Process
Financial Planners - What they do
Measuring Financial Health
Financial Planning Survival Skills
o History of Taxation
o Filing a 1040EZ
Saving and Borrowing
o Savings Vehicles
o Interest Rates
Car and Home Decisions
Each student will be evaluated on all facets of this course, its activities / projects,
attendance/punctuality, and class participation. The weightings will heavily favor projects.
Instructor / Office Information
Instructor: Michael Yates
Offices: Room 215
Office Hours: 7:30-8:00am, 2:40-3:30+ weekdays. Other times by appointment.
Methods of Communication: E-mail and in-person are the two best and most efficient ways of
communicating with me outside of class.