FNS60720 Advanced Diploma of Financial Licensing Management Assessment Answer
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Introduction
The managers of the finance management require a license for individual security. The individual security in the finances is included in the license. The security of the stocks, credits, debits, and such financial terms are included in the license of the financial management. The license involves security and excludes the license to sell life insurances. Finance relates to banking, debit, credit, investments. It is the management of money. It also focuses on the oversight, creation, and liabilities that make up the system of finance. The concepts of finance come from macro and microeconomics. If a student has a deep interest in managing money and wants to pursue this interest as a profession, then one should opt for finance as a subject. It is a great course that has numerous benefits. Many universities are offering this course both at graduation and at postgraduation level. The course is offered by many universities which are imparting education in finance from the foundation level. The course is problem-oriented and hence demands the involvement and dedication of the students. The students must participate in various activities. The course requires the student to participate more and help in the problem solving and decision-making process of finance for various companies.
Advance diploma of financial licensing management
The course of advance diploma in licensing management is for the learners that already have occupied the position of managers in the sector of finances. The learner throughout the course will apply the skills and their knowledge in a complex situation. The management skills with the functions of accountability and team membership are also assessed.
Licensing
The learner must have the permit/ license of the finances. Further, he/she must be familiar with all of the legal requirements of financial management.
Course details
The course contains a total of 10 units. Out of the 10 units, 5 are the core units, the learner has no choice in these units. The remaining 5 are the elective units. There is a complete set of rules for choosing the elective units for a learner.
Out of the 5 elective units:
- Select 3 units from the list which is mentioned below.
- 2 units can be selected either from the units given below or from the training package.
The details of the CORE UNITS are given below:
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FNSINC503 Identification of such situations that requires complex ethical decision making |
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FNSINC504 1. Applying ethical frameworks 2. Applying principles for the process of decision-making. |
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FNSFMK516 1. Reviewing IT system that it is meeting the licensing requirements. 2. Confirmation of the IT systems that it is meeting the licensing requirements |
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FNSFMK523 Checking the requirements which are needed for license Checking the requirements which are needed for a regulatory framework |
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FNSFMK619 1. Development of the values and culture in an organization. 2. Implementation of the policies that support values and culture in the organization. |
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FNSRSK511 Undertaking of the identification of risk. |
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FNSRSK512 Assessment of the risks |
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FNSRSK611 Development of the mitigation plan for risk Implementation of the mitigation plan for risk |
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FNSRSK612 Determining the exposure strategies. Managing exposure strategies for risk. |
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FNSFMK520 Development of the risk management strategies Monitoring risk management strategies. |
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FNSFMK521 Analysation of the information regarding financial markets. |
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FNSFMK611 Pricing of the financial transactions |
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FNSFMK612 Management of the trading exposures |
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FNSFMK513 Non- retail clients’ product information. |
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FNSASICS503 foreign exchange advisory |
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FNSASICV503 derivatives advisory |
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FNSASICW503 advising in the securities |
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FNSASICT503 Management of the advisory. |
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FNSCUS504 Management of the premium relationship of the customer. |
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FNSCUS505 Determination of the requirements of the client. |
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FNSCUS506 Recording client instructions. Implementation of the client instructions |
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FNSFMK502 Analysation of the financial market products. |
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FNSFMK503 Advising clients on financial risk |
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FNSFMK515 Compilation with financial services Practicing the industry codes of practice |
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FNSIAD501 Providing the appropriate services. |
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FNSIAD502 Provide appropriate advice for the clients. Providing the timely information |
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FNSINC501 support recommendations |
Benefits
There are certain benefits that a learner can avail of through the advanced diploma of financial licensing management. This course is for the students that wanted to gain knowledge and study financial licensing management in detail at a higher level. The development of any organization depends upon its management. Many people are engaged in financial licensing management and wanted growth in their financial licensing management. This course can make their task easier by inculcating them with the skills of doing financial licensing management better. There are many benefits and training that are given to the learners. The government is also approving this course and many scholarships are provided to the learner from the government’s side. There are many benefits of doing this course. Many people are getting salary hikes from the course. There are many benefits offered to the learners. Many incentives and training are provided to the learners. Scholarships are also awarded. The government also provides loans to students who are not able to afford this course. The course of financial licensing management is for the students that have immense interest in creating a new product. The students know the needs and demands of consumers. Many universities offer diplomas in this field. Students can pursue diploma courses in this field. And if a student wanted to pursue higher studies in the same field then the course of advanced diploma in creative process development is for them. There is a training program developed for the people who wanted to take their career at an advanced level from this course. There are many programs designed for the advanced level in this course. As per the records, the people who already have pursued the course are happy with the advanced diploma in this course. There are about 74% of the people who are satisfied with the course of advance diploma. Furthermore, as per the records, this improves the status of work after this course of the employees is 53% which is a good number. Besides these two advantages, there is a hike in the salary of the people after the completion of this course.
This proves beneficial to the employees who wanted a career hike in the sector of financial licensing management.
