Course title
AccountingPre-requisite
Alg, Geo and or Alg 2Course description
tudents will investigate personal equity statements and compute their personal net worth and the net worth of a sole proprietorship. In addition; students will learn to Journalize transactions and post to the general ledger. They will complete the Accounting Cycle by making a worksheet; determining adjusting entries; and creating financial statements for a sole proprietorship. They will then close revenue and expense accounts; prepare closing entries; and determine net income and loss. Additionally; students will prepare checks; complete a bank reconciliation and account for petty cash. Current business and financial issues will be discussed and analyzed throughout the course. Students will develop their own business ethics statement and apply it to several ethical dilemma scenarios during the course. Finally; students will demonstrate their understanding of concepts taught by completing the entire accounting cycle for a sole proprietorship as their Final Project. Personal Finance: Students will first discuss expenses and how they spend their money. Next we will explore banking; balancing a checkbook; and the different types of ways to save their money. Credit and credit cards in particular will be a major focus in the first quarter. What a FICO score is and how it affects their lives in many ways. How to build credit and improve and keep your FICO score high. Auto and home purchasing/loans will be simulated along with the monthly payment formula being used to see how it affects how much interest they will pay over the course of a loan. Employment basics will be covered including resumes and paychecks. Budgeting and Retirement vehicles will be the concluding topics that will tie things all together. If time remains; we will work on stock market basics.
School country
United StatesSchool state
New YorkSchool city
SoutholdHigh school
Southold Junior Senior High SchoolSchool / district Address
420 Oaklawn AveSchool zip code
11971Requested competency code
MathDate submitted
Deferred
YesDeferred date
Deferred Reason
Personal finance/Consumer finance/Accounting courses are generally not approved toward ABOR math requirements. Please include information about the curriculums relation to algebra, geometry, trigonometry, calculus, etc.