, FOR3705 Assignment 2 (COMPLETE ANSWERS)
Semester 2 2025 - DUE September 2025; 100%
TRUSTED Complete, trusted solutions and
explanations.
QUESTION 1
Explain how the behavioural profile could fill information gaps in a
financial profile. [5]
How the Behavioural Profile Could Fill Information Gaps in a
Financial Profile
A financial profile provides an objective view of a subject’s monetary
condition — income, assets, liabilities, expenditure patterns, and major
financial transactions. While valuable, this profile alone can leave gaps
because it focuses mainly on quantifiable data and may not capture the
motivations, pressures, or opportunities that could explain unusual
financial behaviour. A behavioural profile helps fill those gaps by
examining attitudes, personality traits, and lifestyle indicators that
influence financial decisions.
1. Explaining inconsistencies in financial records
Sometimes financial statements or bank records show discrepancies that
lack a clear explanation. A behavioural profile can highlight whether the
individual has risk-taking tendencies, impulsive spending habits, or a
history of gambling, which may explain missing funds or irregular cash
flows.
Semester 2 2025 - DUE September 2025; 100%
TRUSTED Complete, trusted solutions and
explanations.
QUESTION 1
Explain how the behavioural profile could fill information gaps in a
financial profile. [5]
How the Behavioural Profile Could Fill Information Gaps in a
Financial Profile
A financial profile provides an objective view of a subject’s monetary
condition — income, assets, liabilities, expenditure patterns, and major
financial transactions. While valuable, this profile alone can leave gaps
because it focuses mainly on quantifiable data and may not capture the
motivations, pressures, or opportunities that could explain unusual
financial behaviour. A behavioural profile helps fill those gaps by
examining attitudes, personality traits, and lifestyle indicators that
influence financial decisions.
1. Explaining inconsistencies in financial records
Sometimes financial statements or bank records show discrepancies that
lack a clear explanation. A behavioural profile can highlight whether the
individual has risk-taking tendencies, impulsive spending habits, or a
history of gambling, which may explain missing funds or irregular cash
flows.
