ACCT 1000 - Personal Finance
3 Credit(s)
This course is an overview of personal and family financial planning with an emphasis on financial record keeping, planning your spending, tax planning, consumer credit, making purchase/lease decisions, purchasing insurance, selecting investments, and retirement and estate planning.
A. Academic Division: Business, Industry and Technology
B. Discipline: Accounting
C. Course Number and Title: ACCT1000 Personal Finance
D. Course Coordinator: Jennifer Adkins
Assistant Dean: Toni Johnson, PhD
Instructor Information:
Name:
Office Location:
Office Hours:
Phone Number:
E-Mail Address
E. Credit Hours: 3
F. Prerequisites: None
G. Syllabus Effective Date: Fall, 2020
H. Textbook(s) Title:
Focus on Personal Finance
Author: Kapoor, Dlabay, Hughes, Hart
Year: 2016
Edition: 5th
ISBN #: 9780077861742
Workbook(s) and/or Lab Manual: None
J. Course Description: This course is an overview of personal and family financial planning with an emphasis on financial record keeping, planning your spending, tax planning, consumer credit, making purchase/lease decisions, purchasing insurance, selecting investments, and retirement and estate planning.
K. College-Wide Learning Outcomes
College-Wide Learning Outcomes Assessments - - How it is met & When it is met
Communication – Written
Communication – Speech
Intercultural Knowledge and Competence
Critical Thinking
Information Literacy
Quantitative Literacy
L. Course Outcomes and Assessment Methods:
Upon successful completion of this course, the student shall:
Outcomes Assessments – How it is met
& When it is met
1. Prepare a basic budget. Homework/cases – weeks 2-3
Exam – week 5
Final project – week 16
2. Analyze the importance of tax planning on personal finance and examine basic tax terminology. Homework/cases – weeks 3-4
Exam – week 5
Final project – week 16
3. Compare and contrast different payment and savings sources, and evaluate which product is best in different circumstances. Homework/cases – weeks 3-4
Exam – week 5
Final project – week 16
4. Compare and contrast different types of consumer credit, and calculate the cost of credit. Homework/cases – weeks 6-8
Exam – week 8
Final project – week 16
5. Compare and contrast buying vs. renting housing and calculate various costs associated with each. Homework/cases – weeks 6-8
Exam – week 8
Final project – week 16
6. Analyze home, auto, life, health and disability insurances and their importance to financial planning. Homework/cases – weeks 10-12
Exam – week 12
Final project – week 16
7. Analyze the basics of different investment alternatives, including stocks, bonds, and mutual funds, and the importance of all on personal finance decisions. Homework/cases – weeks 12, 13-14
Exam – week 12, 16
Final project – week 16
8. Analyze the importance of retirement and estate planning on personal finance. Homework/cases – weeks 15-16
Exam – week 16
Final project – week 16
M. Topical Timeline (subject to change):
Planning Your Personal Finances- weeks 1-3
Managing Your Personal Finances – weeks 3-5
Making Your Purchasing Decisions – weeks 6-9
Insuring Your Resources – weeks 9-12
Investing Your Financial Resources – weeks 12-14
Controlling Your Financial Future – weeks 15-16
N. Course Assignments:
Homework/cases
Exam preparation
Final research project UG
3 Lecture Hour(s);
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