Course title
Business Accounting and Personal FinancePre-requisite
Algebra 2 with a grade of C or higherCourse description
Business Accounting: Students 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
CaliforniaSchool city
San DiegoHigh school
Cathedral Catholic High SchoolSchool Address
5555 Del Mar Heights RdSchool zip code
92130Requested competency code
MathDate submitted
Approved
YesApproved competency code
- MTH1
- 4 years of Math