Financial Education Professionals has been a leading provider of technical training in financial services for over a decade. Our goal is to provide high quality and contemporary technical training, underpinned by strong industry practitioners and education and training specialists.

1. FEP Online
Catalogue 2014
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2. Welcome to the 2014 Catalogue for FEP Online
FEP Online is the online learning platform for Financial Education Professionals Pty Ltd. This is a
dynamic catalogue as we are constantly adding to our suite of subjects depending on our clients’
needs and market changes.
The subjects on this platform vary from short subjects to full qualifications. Therefore, the format
of each differs according to depth, pitch and content. In addition, as they are e-learning courses,
they employ a variety of tools and activities aimed at capturing the participant’s attention and
underpinning learning. All of our subjects attract points/ hours towards continuing professional
development. Most subjects employ “learning checks” which can screen existing knowledge up
front and test learning as the participant progresses. Many also employ formal assessments at
the conclusion of the course.
To assist in your choice, we have provided classification in the following Industry Areas:
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Accounting;
Banking;
Compliance – ACL;
Compliance – AFSL;
Compliance Professionals;
Custody & Operations;
Financial Markets;
Risk Management
Self Managed Super Funds
In addition, we have advised of the pitch of each subject as:
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Introductory – no presumed knowledge is required
Intermediate – some presumed knowledge and an expectation that you already work in
the area. At this level, the subjects are aimed at expanding pre-existing knowledge.
Advanced – a lot of presumed knowledge and work experience in the subject knowledge
area. At this level subjects are aimed at challenging and analysing known concepts.
Of course, you can always contact us for further advice at any time on:
(61) 2 9252 7437
enquiries@financialeducation.com.au
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3. ACL CPD for Credit Representatives
Subject Category
Compliance – Australian Credit Licence
Subject Level
Introductory
Subject Fee (incl. GST)
$346.50 per person
Subject Fee (excl GST)
$315.00 per person
Continuing Professional Development
20 points/hours
Assessment Task
Multiple Choice Exam (open book)
ASIC’s Regulatory Guide 206 stipulates that credit representatives:
a) Providing independent home loan credit assistance must complete at least 20 hours of
Continuing professional development each year
b) Only providing home loan credit assistance in relation to their licensee’s own credit
products must complete:
i.
A minimum of 20 hours of Continuing Professional Development each year; or
ii.
A regular knowledge update review and sufficient hours of Continuing
Professional Development each year to enable completion of the knowledge
update review
c) All other representatives must complete between 10 and 30 hours of Continuing
Professional Development each year.
FEP Online delivers a short subject aimed at satisfying the regulatory requirements imposed for
those operating under an Australian Credit Licence (ACL).
The subject fees include access to the subject online and certification upon successful
completion of the assessment task.
ACL CPD for Responsible Managers
Subject Category
Compliance – Australian Credit Licence
Subject Level
Introductory
Subject Fee (incl. GST)
$544.50 per person
Subject Fee (excl GST)
$495.00 per person
Continuing Professional Development
20 points/hours
Assessment Task
Multiple Choice Exam (open book)
ASIC’s Regulatory Guide 206 stipulates that each holder of an Australian Credit Licence is
required to ‘maintain and update the qualifications and experience of your Responsible
Managers and ensure that your Responsible Managers undertake at least 20 hours of continuing
professional development (CPD) per year.
The Responsible Managers of each credit licence must keep up to date with credit industry and
regulatory developments in order to provide sound leadership for their organisation. ASIC
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4. specifies a number of hours of continuing professional development (CPD) per year that
Responsible Managers must take. This CPD must relate to credit and compliance issues.
FEP Online delivers a short subject aimed at satisfying the regulatory requirements imposed for
those operating under an Australian Credit Licence (ACL).
The subject fees include access to the subject online and certification upon successful
completion of the assessment task.
Accounting for non-accountants
Subject Category
Accounting
Subject Level
Introductory
Subject Fee (incl. GST)
$467.50 per person
Subject Fee (excl GST)
$425.00 per person
Continuing Professional Development
10 points/hours
Assessment Task
Multiple Choice Exam (open book)
Our course introduces you to fundamental accounting principles, looks at how various financial
statements interact and the basics of cash flow management. It helps you understand basic
financial ratios and what they reveal about the business. The course is aimed at people who are
not familiar with accounting principles but would like to start gaining a better understanding of
how to evaluate businesses using accounting statements.
Introduction to Custody
Subject Category
Custody & Operations
Subject Level
Introductory
Subject Fee (incl. GST)
$852.50 per person
Subject Fee (excl GST)
$775.00 per person
Continuing Professional Development
20 points/hours
Assessment Task
Multiple Choice Exam (closed book) plus
Research Assignment
The Custody Program has been designed to address the education and training needs of those
working in custodial services and to provide them with a career path.
The FNS41110 Certificate IV in Financial Markets Operations comprises two mandatory
subjects: Introduction to Financial Markets and this subject, Introduction to Custody. Whilst
together they constitute a qualification, you may elect to do either subject in isolation.
This subject covers:
Custody in the Financial Services Industry
Custodians and their clients
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5. What Custodians do
Funds and fund structures
Role of custodians in investment transactions
Risk management and regulation
Custody Glossary
Introduction to Financial Markets
Subject Category
Custody & Operations
Subject Level
Introductory
Subject Fee (incl. GST)
$852.50 per person
Subject Fee (excl GST)
$775.00 per person
Continuing Professional Development
20 points/hours
Assessment Task
Multiple Choice Exam (closed book)
The Custody Program has been designed to address the education and training
needs of those working in custodial services and to provide them with a career path.
The FNS41110 Certificate IV in Financial Markets Operations comprises two
mandatory subjects: Introduction to Custody and this subject; Introduction to
Financial Markets. Whilst together they constitute a qualification, you may elect to do
either subject in isolation. This subject covers:
Economic Environment
Participants in the financial services industry
Securities
Derivatives
Financial products
Managed funds
Taxation
Regulation
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6. AFSL CPD for Responsible Managers
Subject Category
Compliance – Australian Financial Services
Licence
Subject Level
Intermediate
Subject Fee (incl. GST)
$412.50 per person
Subject Fee (excl GST)
$375.00 per person
Continuing Professional Development
10 points/hours
Assessment Task
Multiple Choice Exam (open book)
This subject is designed to assist Responsible Mangers to meet their organisational
competency requirements for their Australian Financial Services licence. All
Responsible Managers are required to maintain their organisational competence.
This means that they are required to maintain and update their knowledge and skills
required to carry out the role of Responsible Manager.
The subject fees include access to the subject online and certification upon
successful completion of the assessment task.
AFSL CPD Knowledge test: Derivatives
Subject Category
Compliance – Australian Financial Services
Licence
Subject Level
Introductory
Subject Fee (incl. GST)
$99.00 per person
Subject Fee (excl GST)
$90.00 per person
Continuing Professional Development
7 points/hours
Assessment Task
Multiple Choice Exam (no book)
This knowledge test is a fast and convenient way of acquiring CPD recognition of
benchmark specialist knowledge. For AFSL holders, we have compiled a series of
short assessments to re-test and thereby meet the requirement under RG146 to
maintain knowledge.
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7. AFSL CPD Knowledge test: Foreign Exchange
Subject Category
Compliance – Australian Financial Services
Licence
Subject Level
Introductory
Subject Fee (incl. GST)
$99.00 per person
Subject Fee (excl GST)
$90.00 per person
Continuing Professional Development
7 points/hours
Assessment Task
Multiple Choice Exam (no book)
This knowledge test is a fast and convenient way of acquiring CPD recognition of
benchmark specialist knowledge. For AFSL holders, we have compiled a series of
short assessments to re-test and thereby meet the requirement under RG146 to
maintain knowledge.
AFSL CPD Knowledge test: Managed Investments
Subject Category
Compliance – Australian Financial Services
Licence
Subject Level
Introductory
Subject Fee (incl. GST)
$99.00 per person
Subject Fee (excl GST)
$90.00 per person
Continuing Professional Development
7 points/hours
Assessment Task
Multiple Choice Exam (no book)
This knowledge test is a fast and convenient way of acquiring CPD recognition of
benchmark specialist knowledge. For AFSL holders, we have compiled a series of
short assessments to re-test and thereby meet the requirement under RG146 to
maintain knowledge.
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8. AFSL CPD Knowledge test: Securities
Subject Category
Compliance – Australian Financial Services
Licence
Subject Level
Introductory
Subject Fee (incl. GST)
$99.00 per person
Subject Fee (excl GST)
$90.00 per person
Continuing Professional Development
7 points/hours
Assessment Task
Multiple Choice Exam (no book)
This knowledge test is a fast and convenient way of acquiring CPD recognition of
benchmark specialist knowledge. For AFSL holders, we have compiled a series of
short assessments to re-test and thereby meet the requirement under RG146 to
maintain knowledge.
Australian Financial Services Regulations for AFSL holders
Subject Category
Compliance – Australian Financial
Services Licence
Subject Level
Introductory
Subject Fee (incl. GST)
$544.50 per person
Subject Fee (excl GST)
$495.00 per person
Continuing Professional Development
10 points/hours
Assessment Task
Multiple Choice Exam (closed book)
This subject is designed to offer an overview of their obligations under an Australian
Financial Services Licence. It is particularly appropriate for new Responsible
Managers, but has validity for anyone operating under an AFSL, wishing to gain
foundation regulatory knowledge.
Banking Basics
Subject Category
Banking
Subject Level
Introductory
Subject Fee (incl. GST)
$368.50 per person
Subject Fee (excl GST)
$335.00 per person
Continuing Professional Development
10 points/hours
Assessment Task
Various (open book)
This subject is aimed at providing you with an introduction to banking, including how
banks make money, key terminology and a fundamental understanding of credit risk.
The subject is designed for those interested in improving their understanding of
banks as well as those who are new to the sector.
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9. Case Study – Conflict of Interest
Subject Category
Compliance – Australian Financial Services
Licence
Subject Level
Intermediate
Subject Fee (incl. GST)
$82.50 per person
Subject Fee (excl GST)
$75.00 per person
Continuing Professional Development
3 points/hours
Assessment Task
Multiple Choice (open book)
This subject looks at a specific case study involving conflicts of interest. The case
study introduces a scenario and asks you to consider various tools and measures
which may be used to mitigate potential and actual conflicts that may arise in the
workplace. The case study is set in an AFSL context.
Case Study – Failure of Ethical Behaviours
Subject Category
Various
Subject Level
Intermediate
Subject Fee (incl. GST)
$82.50 per person
Subject Fee (excl GST)
$75.00 per person
Continuing Professional Development
3 points/hours
Assessment Task
Multiple Choice (open book)
A short case study examining a real event in Australian Financial Services history
examining an instance where ethical behaviour was absent or severely corrupted.
You are asked to consider a series of responses on how you would have handled
the situation to see if your decisions may have produced a different outcome.
Compliance Essentials
Subject Category
Compliance Professionals
Subject Level
Introductory
Subject Fee (incl. GST)
577.50 per person
Subject Fee (excl GST)
$525.00 per person
Continuing Professional Development
5 points/hours
Assessment Task
Multiple Choice (open book)
An online companion to our extremely popular workshop – Compliance Officer
Essentials, this subjects aims to provide a foundation-level understanding of a
compliance role in an AFSL context. It examines the responsibilities of a compliance
officer and provides hints and templates to assist in discharging the role
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10. Fundamentals Series: 1. Introduction to Financial Markets in
Australia
Subject Category
Financial Markets
Subject Level
Introductory
Subject Fee (incl. GST)
$214.50 per person
Subject Fee (excl GST)
$195.00 per person
Continuing Professional Development
5 points/hours
Assessment Task
Multiple Choice (open book)
This subject is the foundation for the Fundamentals Series. It introduces you to
Financial Markets in general, the notions of primary and secondary market, the
overview of the regulatory environment and who the main players are.
Fundamentals Series: 2. Introduction to Securities
Subject Category
Financial Markets
Subject Level
Introductory
Subject Fee (incl. GST)
$214.50 per person
Subject Fee (excl GST)
$195.00 per person
Continuing Professional Development
5 points/hours
Assessment Task
Multiple Choice (open book)
This subject explains the operation of Australia’s equity markets and how these
markets are used by companies and financial institutions both as a source of capital
and a source of investment return.
Fundamentals Series: 3. Introduction to Foreign Exchange
Subject Category
Financial Markets
Subject Level
Introductory
Subject Fee (incl. GST)
$214.50 per person
Subject Fee (excl GST)
$195.00 per person
Continuing Professional Development
5 points/hours
Assessment Task
Multiple Choice (open book)
This subject provides an overview of the largest sector of the global financial markets
– the foreign exchange market. It discusses the factors that drive exchange rates
and exchange rate volatility and the impact that this has on major participants such
as banks, Governments and corporate customers.
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11. Fundamentals Series: 4. Introduction to Fixed Interest
Subject Category
Financial Markets
Subject Level
Introductory
Subject Fee (incl. GST)
$214.50 per person
Subject Fee (excl GST)
$195.00 per person
Continuing Professional Development
5 points/hours
Assessment Task
Multiple Choice (open book)
This subject explains the operation of Australia’s debt markets and how they are
used by Governments, companies and financial institutions as a means of raising
capital or deriving investment returns.
Fundamentals Series: 5. Introduction to Funds Management
Subject Category
Financial Markets
Subject Level
Introductory
Subject Fee (incl. GST)
$214.50 per person
Subject Fee (excl GST)
$195.00 per person
Continuing Professional Development
5 points/hours
Assessment Task
Multiple Choice (open book)
This subject provides an overview of Australia’s investment management sector and
reviews the activities of major participants such as fund managers, platform
providers, research houses, custodians and advisors.
Fundamentals Series: 6. Introduction to Derivatives
Subject Category
Financial Markets
Subject Level
Introductory
Subject Fee (incl. GST)
$214.50 per person
Subject Fee (excl GST)
$195.00 per person
Continuing Professional Development
5 points/hours
Assessment Task
Multiple Choice (open book)
This subject profiles and explains the workings of derivatives markets. The program
seeks to demystify derivatives by focusing on how derivatives are used by financial
institutions and corporate customers as a tool for investment and risk management.
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12. Fundamentals Series: 7. Introduction to Investment Banking
Subject Category
Financial Markets
Subject Level
Introductory
Subject Fee (incl. GST)
$214.50 per person
Subject Fee (excl GST)
$195.00 per person
Continuing Professional Development
5 points/hours
Assessment Task
Multiple Choice (open book)
This subject explains the key functions and activities of investment banks. The
program discusses the activities for which investment banks are best known
including mergers and acquisitions advice, market making wealth management and
treasury and custodial operations.
Fundamentals Series: Full Series
Subject Category
Financial Markets
Subject Level
Introductory
Subject Fee (incl. GST)
$1,200.00 per person
Subject Fee (excl GST)
$1909.91 per person
Continuing Professional Development
35 points/hours
Assessment Task
Multiple Choice (open book)
This option allows you to purchase the full 7-subject series at a discount
RG146: Licensing Compliance for AFSL Holders - CFA© Gap Program1
Subject Category
Compliance – Australian Financial Services
Licence
Subject Level
Introductory
Subject Fee (incl. GST)
$874.50 per person
Subject Fee (excl GST)
$795.00 per person
Continuing Professional Development
20 points/hours
Assessment Task
Multiple Choice (open book)
This RG 146 Gap Training program enables CFA® Charterholders and Candidates to
meet ASIC training requirements “for those providing financial product advice”. This
shorter pathway allows you to gain compliance in five knowledge areas (Generic,
Derivatives, Foreign Exchange, Managed Investments and Securities) through a
single subject.
1
This is the price for General Advice. We assess skills via interview so please contact us if you need
to be compliant to provide personal advice.
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13. RG146: Licensing Compliance for AFSL Holders – Generic Knowledge
Subject Category
Compliance – Australian Financial Services
Licence
Subject Level
Introductory
Subject Fee (incl. GST)
$357.50 per person
Subject Fee (excl GST)
$325.00 per person
Continuing Professional Development
20 points/hours
Assessment Task
Multiple Choice (open book)
This subject provides RG146 compliance to provide general advice (when completed
with one or more specialist knowledge subjects). The subject covers:
The Australian economic environment
Operation of financial markets
Financial markets and products
RG146: Licensing Compliance for AFSL Holders –
Deposit Products & Non- Cash Payment Products
Subject Category
Compliance – Australian Financial Services
Licence
Subject Level
Introductory
Subject Fee (incl. GST)
$192.50 per person
Subject Fee (excl GST)
$175.00 per person
Continuing Professional Development
20 points/hours
Assessment Task
Multiple Choice (open book)
This subject provides RG146 compliance to provide general advice (when completed
with Generic Knowledge). The subject covers:
Interest rates and non-cash payment facilities
Legal environment – disclosure and compliance
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14. RG146: Licensing Compliance for AFSL Holders – Derivatives
Subject Category
Compliance – Australian Financial Services
Licence
Subject Level
Introductory
Subject Fee (incl. GST)
$357.50 per person
Subject Fee (excl GST)
$325.00 per person
Continuing Professional Development
20 points/hours
Assessment Task
Multiple Choice (open book)
This subject provides RG146 compliance to provide general advice (when completed
with Generic Knowledge). The subject covers:
Australia’s financial system and markets
Types of derivative products
Risk management with derivatives
Trading with derivative products
Legal environment – disclosure and compliance
RG146: Licensing Compliance for AFSL Holders - Foreign Exchange
Subject Category
Compliance – Australian Financial Services
Licence
Subject Level
Introductory
Subject Fee (incl. GST)
$357.50 per person
Subject Fee (excl GST)
$325.00 per person
Continuing Professional Development
20 points/hours
Assessment Task
Multiple Choice (open book)
This subject provides RG146 compliance to provide general advice (when completed
with Generic Knowledge). The subject covers:
Overview of the foreign exchange market
Foreign exchange conventions
Risk management, regulation and operational guidelines
Legal environment – disclosure and compliance
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15. RG146: Licensing Compliance for AFSL Holders – General Insurance
Subject Category
Compliance – Australian Financial Services
Licence
Subject Level
Introductory
Subject Fee (incl. GST)
$357.50 per person
Subject Fee (excl GST)
$325.00 per person
Continuing Professional Development
20 points/hours
Assessment Task
Multiple Choice (open book)
This subject provides RG146 compliance to provide general advice (when completed
with Generic Knowledge). The subject covers:
Insurance markets
Legal environment – disclosure and compliance
Specialist general insurance
RG146: Licensing Compliance for AFSL Holders –
Managed Investments
Subject Category
Compliance – Australian Financial Services
Licence
Subject Level
Introductory
Subject Fee (incl. GST)
$357.50 per person
Subject Fee (excl GST)
$325.00 per person
Continuing Professional Development
20 points/hours
Assessment Task
Multiple Choice (open book)
This subject provides RG146 compliance to provide general advice (when completed
with Generic Knowledge). The subject covers:
Managed investment concepts
Types of managed investments
Investment principles
Analysing managed investments
Legal environment – disclosure and compliance
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16. RG146: Licensing Compliance for AFSL Holders – Margin Lending
Subject Category
Compliance – Australian Financial Services
Licence
Subject Level
Introductory
Subject Fee (incl. GST)
$357.50 per person
Subject Fee (excl GST)
$325.00 per person
Continuing Professional Development
20 points/hours
Assessment Task
Multiple Choice (open book)
This subject provides RG146 compliance to provide general advice (when completed
with Generic Knowledge). The subject covers:
Introducing margin lending
Margin lending facilities – product categories
Margin lending taxation
Benefits, risk and risk management
Lessons from recent prominent cases
Responsible lending
Legal environment – disclosure and compliance
RG146: Licensing Compliance for AFSL Holders – Securities
Subject Category
Compliance – Australian Financial Services
Licence
Subject Level
Introductory
Subject Fee (incl. GST)
$357.50 per person
Subject Fee (excl GST)
$325.00 per person
Continuing Professional Development
20 points/hours
Assessment Task
Multiple Choice (open book)
This subject provides RG146 compliance to provide general advice (when completed
with Generic Knowledge). The subject covers:
Operation of securities markets
Types of products
Investment, portfolio management and risk
Taxation of securities
Legal environment – disclosure and compliance
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17. Risk Management Series – Credit Risk
Subject Category
Risk Management
Subject Level
Introductory
Subject Fee (incl. GST)
$214.50 per person
Subject Fee (excl GST)
$195.00 per person
Continuing Professional Development
5 points/hours
Assessment Task
Multiple Choice (open book)
This course, which forms part of our Risk Management series, introduces the basic
concepts of credit risk. It looks at the major factors impacting this type of risk and
examines current environmental conditions.
Risk Management Series – Financial Risk Management
Subject Category
Risk Management
Subject Level
Introductory
Subject Fee (incl. GST)
$214.50 per person
Subject Fee (excl GST)
$195.00 per person
Continuing Professional Development
5 points/hours
Assessment Task
Multiple Choice (open book)
This is the foundation subject in the Risk Management Series and introduces the
concept of financial risk management. It starts by defining risk and then looks at a
risk management framework.
Risk Management Series – Market Risk
Subject Category
Risk Management
Subject Level
Introductory
Subject Fee (incl. GST)
$214.50 per person
Subject Fee (excl GST)
$195.00 per person
Continuing Professional Development
5 points/hours
Assessment Task
Multiple Choice (open book)
This course, which forms part of our Risk Management series, introduces the basic
concepts of market risk. It looks at look at how market risk concepts can be applied
to individual products such as spot foreign exchange, interest rate products and
options.
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18. Risk Management Series – Operational Risk
Subject Category
Risk Management
Subject Level
Introductory
Subject Fee (incl. GST)
$214.50 per person
Subject Fee (excl GST)
$195.00 per person
Continuing Professional Development
5 points/hours
Assessment Task
Multiple Choice (open book)
This course, which forms part of our Risk Management series, introduces the basic
concepts of operational risk. What is relatively new is the focus and attention that
organisations must now place on operational risk as a distinct category of risk. This
has been primarily driven by increased regulatory supervision through the
recommendations made by the Bank for International Settlements (BIS), and also as
a result of well-publicised risk management failures.
Risk Management Series: Full Series
Subject Category
Risk Management
Subject Level
Intermediate
Subject Fee (incl. GST)
$577.50 per person
Subject Fee (excl GST)
$525.00 per person
Continuing Professional Development
20 points/hours
Assessment Task
Multiple Choice Exam (open book)
This option allows you to subscribe to all four subjects in the series at a discounted
price.
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19. Annual Subscription to FEP Online
This option is available to you if you wish to access the whole library we offer within
FEP Online. This will include access to any subject added to this catalogue during
the period of your subscription. This option will be available from 2014
Corporate Arrangement
This is a volume-based arrangement that we offer to our corporate clients. Under this
arrangement, we can offer large volume discounts as well as a licence option
whereby we deliver content to you in SCORM-compliant format. Please contact us
directly to discuss your options here.
CONTACT DETAILS
E
enquiries@financialeducation.com.au
A
Level 8
20 Loftus Street
T
+61 2 9252 7437
Sydney 2000
Follow FEP on
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