Personal / Business Finance

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    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
      1. Income
      2. Checking and savings account
      3. Taxes
      4. Cash purchases
      5. Loans, charge accounts, and credit cards
      6. Insurance and Investments
      7. Record keeping
      8. Production/purchasing
      9. Marketing/sales
      10. Accounting/records
      11. Financial management/corporate planning
      12. Careers
    Performance Standards (Learner Outcomes)Specific Occupational Skills StandardsAlaska Reading, Writing, Math, Science Performance StandardsAlaska Content StandardsAlaska Employability StandardsAlaska Cultural StandardsAll Aspects of IndustryAssessments
    1. Compute income based on several variables.PF IIM.A.3MAI, 2, 3B.2LaborAssignments
    2. Reconcile checking accounts and bank statements.PF VIM.A.3MA1, 2, 3, 4
    ME2
    MB3    		B.4FinanceObservation
    3. Decipher between the various types of taxes.PF IPF VM.A.3ME2 MAI, 3C.2FinanceAssignment
    4. Solve cash purchases for various situations.PF VM.A.3MAl, 2, 3, 4
    MB3
    ME2    		B3Assignment
    5. Compute finance charges on loans, credit cards, and charge accounts.PF VIIM.A.3MAl, 2MB2B.3B.4FinanceAssignment
    6. Differentiate between the various types of insurance and investments.PF IVPF VIIIM.A.3MA4, 6B.3B.4Presentation
    7. Prepare a budget sheet.PF IIIACCT I, II M.A.6M.A.3 MA4
    MB3
    MB1    		C.3Business PlanningProject
    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.4FinanceAssignment
    9. Determine sales projections and selling price.ECON IV, VMAR IIMAR III, IVM.A.6M.A.3MA5, 6
    MB2, 4
    TC3
    ME1    		A.7B.3Business PlanningAssignment
    10. Complete a balance sheet.ECON VIACCT III, IIM.B.1
    MAl, 3, 4
    ME1    		B.4FinanceProject
    11. Plan and implement a corporate budget.ECON IACCT IIIMAR IIM.B.1MA2, 3, 4
    MC1
    ME1    		B.3B.4FinanceProject
    12. Complete a self-evaluation of careers in finance.PF IM.E.1A.1, 4.5
    B.l-5    		B.3D.6B.4E.8Personal Work HabitsReport

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