Last updated: 7/26/2013
Niagara Falls City School District
630 66th Street, Niagara Falls, NY 14304

Business - BUS 432 - Accounting for Management & Finance - Grs. 10-12 - 20-Week

(1) CDOS.C.3b Students who choose a career major will acquire the career-specific technical knowledge/skills necessary to progress toward gainful employment, career advancement, and success in postsecondary programs.
(1) CDOS.E.1 Students will be knowledgeable about the world of work, explore career options, and relate personal skills, aptitudes, and abilities to future career decisions.
(1) CDOS.E.2 Students will demonstrate how academic knowledge and skills are applied in the workplace and other settings.
(1) CDOS.E.3a Students will demonstrate mastery of the foundation skills and competencies essential for success in the workplace.

Unit 3: Business Finance Basics (con't) 
Chapter 7: Financial Accounting

Explain the purpose of the accounting system. Define the three categories of the accounting equation. Summarize the reasons for using the accounting cycle. Define the meaning and purpose of financial statements. Describe the functions of an income statement. Explain why it is necessary to understand the statement of cash flows.

Chapter 8: Managing Payroll and Inventory

Identify six steps in managing a payroll system. Explain how employers calculate employees' gross earnings. Discuss required and voluntary payroll deductions. Describe the role of employers in assuring prompt payment to government. Identify information needed for an inventory control system. Summarize the two main methods of determining inventory quantity. Explain methods used to calculate cost of inventory. Analyze inventory turnover.

Chapter 9: Pricing, Costing and Growth

Identify the goals of pricing. Explain how retail businesses determine their selling price. Define product costing. Describe variable and fixed costs. Explain the break-even point. Identify and describe the forms of business growth. Summarize profit planning. Describe the challenges and the importance of planning for growth.

Unit 4: Planning Personal Finances

Chapter 10: Personal Financial Planning

Define personal financial planning. List the six steps of financial planning. Identify factors that affect personal financial decisions. Explain the opportunity costs associated with personal financial decisions. Understand the time value of money. Identify eight strategies for achieving financial goals at different stages of life.

Chapter 11: Finances and Career Planning

Identify the personal issues to consider when choosing and planning your career. Explain how education and training affect career advancement. Discuss the factors that influence employment. Describe effective strategies to obtain emloyment experience. Identify six sources you can use to find a job opportunity. Explain the purposes of a resume and cover letter, Identify factors to consider after receiving a job offer. Understand your legal rights during the hiring process. List steps you can take to improve your long-term career success.

Chapter 12: Money Management Strategy

Discuss the the relationship between oportunity costs and money management. Explain the benefits of keeping financial records and documents. Describe a system to maintain personal financial documents. Describe a personal balance sheet and cash flow statement. Develop a personal balance sheet and cash flow statement. Identify the steps to create a personal buget. Discuss the advantages of increasing your savings.










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