6120
36 weeks
Finance
TASKS/COMPETENCIES
Implementing Virginia's CTE Course Requirements
Throughout School Year
001
Demonstrate Virginia's
Workplace Readiness Skills in
course activities.
Throughout School Year
002
Apply Virginia's All Aspects of
Industry elements in course
activities.
Day 1
003
Identify Internet safety issues and
procedures for complying with
acceptable use standards.
Participating in the Student Organization
Day 1
004
Identify the purposes and goals
of the student organization.
Day 1
005
Explain the benefits and
responsibilities of membership in
the student organization as a
student and in professional/civic
organizations as an adult.
Day 1
006
Demonstrate leadership skills
through participation in student
organization activities, such as
meetings, programs, and
projects.
Planning for Personal Financial Success
Week 1
066
Identify short-term and long-term
personal financial goals.
Week 1
067
Identify anticipated and
unanticipated income and
expenses.
Week 1
068
Examine components and
purposes of a personal net worth
statement.
Week 2
069
Develop a budget.
Week 2
070
Investigate the effects of
government actions and
economic conditions.
Week 2
071
Explain how economics
influences a financial plan.
Developing Career Exploration and Employability Skills
Week 3
098
Explain why investing in human
capital benefits the employer and
can increase productivity.
Week 3
099
Identify characteristics of a
successful entrepreneur.
Week 3
100
Explain how the economy
benefits from entrepreneurship.
Week 4
101
Investigate career opportunities.
Week 4
102
Identify personal interests,
aptitudes, and attitudes related to
the characteristics found in
successful workers.
Week 4
103
Prepare a professional portfolio.
Week 5
104
Research a company in
preparation for a job interview.
Week 5
105
Participate in mock interviews to
refine interviewing techniques.
Week 5
106
Prepare employment-related
correspondence.
Developing Consumer Skills
Week 6
007
Examine basic economic concepts
and their impact on product prices
and consumer spending.
Week 6
008
Analyze how wages and prices are
determined in different markets.
Week 6
009
Identify steps in making a purchase
decision, using mathematical skills
and a decision-making model as
needed.
Week 7
010
Describe common types of contracts.
Week 7
011
Demonstrate comparison-shopping
skills.
Week 7
012
Interact effectively with salespersons
and merchants.
Week 8
013
Differentiate between consumer
protection regulations and assistance
agencies.
Week 8
014
Develop a filing system for personal
finance records.
Week 8
015
Examine the impact of advertising
and marketing on consumer demand
and decision-making in the global
marketplace.
Week 9
016
Access financial information from a
variety of sources.
Week 9
017
Explain consumer rights,
responsibilities, and remedies.
Handling Banking Transactions
Week 9
023
Describe the types of financial institutions.
Week 10
024
Examine how financial institutions affect
personal financial planning.
Week 10
025
Evaluate services and related costs associated
with financial institutions in terms of personal
banking needs.
Week 10
026
Differentiate among types of electronic
monetary transactions.
Week 11
027
Prepare all forms necessary for opening and
maintaining a checking and a savings account.
Week 11
028
Reconcile bank statements.
Week 11
029
Compare costs and benefits of online and
traditional banking.
Week 12
030
Explain how certain historical events have
influenced the banking system and other
financial institutions.
Week 12
031
Identify the functions of the Federal Reserve
System.
Week 12
032
Compare the U.S. monetary system with the
international monetary system.
Handling Credit/Loan Functions
Week 13
033
Calculate payment schedules for a loan, using
spreadsheets, calculators, and online tools.
Week 13
034
Evaluate the various methods of financing a
purchase.
Week 13
035
Analyze credit card features and their impact on
personal financial planning.
Week 14
036
Identify qualifications needed to obtain credit.
Week 14
037
Identify basic provisions of credit and loan laws.
Week 14
038
Compare terms and conditions of various sources of
consumer credit.
Week 15
039
Complete a sample credit application.
Week 15
040
Identify strategies for effective debt management.
Week 15
041
Analyze sources of assistance for debt management.
Week 16
042
Explain the need for a sound credit rating.
Week 16
043
Compare the costs and conditions of secured and
unsecured loans.
Week 16
044
Explain the implications of bankruptcy.
Planning for Transportation, Housing, and Leisure Expenses
Week 17
018
Compare the costs and benefits of purchasing vs.
leasing a vehicle.
Week 17
019
Analyze the process of renting housing.
Week 17
020
Describe the process of purchasing a home.
Week 18
021
Compare the advantages and disadvantages of
renting vs. purchasing a residence.
Week 18
022
Calculate the cost of utilities, services,
maintenance, and other housing expenses involved
in independent living.
Devising an Investment and Savings Plan
Week 19
072
Compare the impact of simple interest vs.
compound interest on savings.
Week 19
073
Compare and contrast investment and savings
options.
Week 19
074
Explain costs and income sources for
investments.
Week 20
075
Examine the fundamental workings of the Social
Security System and the system's effects on
retirement planning.
Week 20
076
Contrast alternative retirement plans.
Week 20
077
Explore how the stock market works.
Earning and Reporting Income
Week 21
052
Differentiate among sources of income.
Week 21
053
Calculate net pay.
Week 21
054
Investigate employee benefits and incentives.
Week 22
055
Complete a standard W-4 form.
Conducting Tax Functions
Week 23
056
Describe the types and purposes of local, state, and federal
taxes and the way each is levied.
Week 23
057
Compute local taxes on products and services.
Week 24
058
Explore potential tax deductions and credits on a tax return.
Week 24
059
Examine a standard W-2 form.
Week 25
060
Complete a state income tax form, including electronic
formats.
Week 25
061
Complete short and itemized federal income tax forms,
including electronic formats.
Analyzing Insurance as Risk Management
Week 26
045
Evaluate insurance as a risk management strategy.
Week 26
046
Distinguish among the types of automobile insurance coverage.
Week 26
047
Distinguish among the types of property coverage.
Week 27
048
Distinguish among the major types of life insurance coverage.
Week 27
049
Distinguish among the types of health insurance coverage.
Week 27
050
Distinguish among the types of professional liability insurance.
Week 28
051
Explain the roles of insurance in financial planning.
Examining the Financial Implications of an Inheritance
Week 28
062
Explain the similarities and differences between state and federal
taxation of inheritances.
Week 29
063
Define the terminology associated with inheritance.
Week 29
064
Compare investment options for a monetary inheritance.
Week 29
065
Examine types and purposes of estate planning.
Planning Financial Aspects of a Business Enterprise
Week 30
078
Compare the various types of business ownership.
Week 30
079
Examine the impact of a company's goals on the financial planning
of the business.
Week 30
080
Describe the major factors in production.
Week 31
081
Identify sources of financial capital.
Week 31
082
Analyze the financial position of a business.
Week 31
083
Investigate government regulations affecting financial aspects of a
business.
Week 32
084
Analyze the impact of the global economy on American business.
Week 32
085
Analyze characteristics of major economic systems.
Managing Financial Activities for a Business Enterprise
Week 33
086
Complete daily business forms.
Week 33
087
Record cash receipts.
Week 34
088
Record receipts and payments in journals and ledgers.
Week 34
089
Prepare a proof of cash.
Week 35
090
Maintain a petty cash system.
Week 35
091
Prepare payroll journals.
Week 35
092
Analyze spreadsheet data.
Exploring Management Functions
Week 36
093
Analyze the effects of ethics on business and financial management decisions.
Week 36
094
Explain the need for confidentiality in the workplace.
Week 36
095
Identify the short- and long-term options for financial planning and working capital
management.
Week 36
096
Prepare a business plan.
Week 36
097
Describe the effects of group dynamics on decision making and consensus building.