GRADES 6-12
- Prerequisite Course(s):
- High School Credit = 1/2 credit per semester (Postsecondary credit = 0)
- This course will be offered: every year
- Pathway (Optional):
- Career Cluster Area: Applied Academics
- Source of Occupational Skills Standards: National Business Education Association
- Eligibility for Nationally Recognized Skill Certificate(s)/State License?
- Tech Prep:
- Is this course brokered through another institution or agency?
- Course Description: This course is designed with an emphasis on personal finance. Math-related topics include budgeting, income, income tax, loans, and investments. Business applications include production, purchasing, sales, distribution, marketing, and accounting.
- Content Headings/Topics
- Income
- Checking and savings account
- Taxes
- Cash purchases
- Loans, charge accounts, and credit cards
- Insurance and Investments
- Record keeping
- Production/purchasing
- Marketing/sales
- Accounting/records
- Financial management/corporate planning
- Careers
| Performance Standards (Learner Outcomes) | Specific Occupational Skills Standards | Alaska Reading, Writing, Math, Science Performance Standards | Alaska Content Standards | Alaska Employability Standards | Alaska Cultural Standards | All Aspects of Industry | Assessments |
|---|---|---|---|---|---|---|---|
| 1. Compute income based on several variables. | PF II | M.A.3 | MAI, 2, 3 | B.2 | Labor | Assignments | |
| 2. Reconcile checking accounts and bank statements. | PF VI | M.A.3 | MA1, 2, 3, 4 ME2 MB3 | B.4 | Finance | Observation | |
| 3. Decipher between the various types of taxes. | PF IPF V | M.A.3 | ME2 MAI, 3 | C.2 | Finance | Assignment | |
| 4. Solve cash purchases for various situations. | PF V | M.A.3 | MAl, 2, 3, 4 MB3 ME2 | B3 | Assignment | ||
| 5. Compute finance charges on loans, credit cards, and charge accounts. | PF VII | M.A.3 | MAl, 2MB2 | B.3B.4 | Finance | Assignment | |
| 6. Differentiate between the various types of insurance and investments. | PF IVPF VIII | M.A.3 | MA4, 6 | B.3B.4 | Presentation | ||
| 7. Prepare a budget sheet. | PF IIIACCT I, II | M.A.6M.A.3 | MA4 MB3 MB1 | C.3 | Business Planning | Project | |
| 8. Figure production costs, purchasing discounts, and profit. | ECON IV, VI, VACCT VMAR III, IV | M.A.6M.A.3 | TCl MAl, 2, 3, 4 MB4 MC1 | B.4 | Finance | Assignment | |
| 9. Determine sales projections and selling price. | ECON IV, VMAR IIMAR III, IV | M.A.6M.A.3 | MA5, 6 MB2, 4 TC3 ME1 | A.7B.3 | Business Planning | Assignment | |
| 10. Complete a balance sheet. | ECON VIACCT III, II | M.B.1 | MAl, 3, 4 ME1 | B.4 | Finance | Project | |
| 11. Plan and implement a corporate budget. | ECON IACCT IIIMAR II | M.B.1 | MA2, 3, 4 MC1 ME1 | B.3B.4 | Finance | Project | |
| 12. Complete a self-evaluation of careers in finance. | PF I | M.E.1 | A.1, 4.5 B.l-5 | B.3D.6B.4E.8 | Personal Work Habits | Report |