Riccarton High School
Year 10 Business and Personal Finance
Subject Description
Teacher in Charge: Mr B. Wedlake, Ms K. Browning.
10 Business & Personal Financial Skills
In Year 10 Business & Personal Financial Skills, students get to understand the consequences of decisions they might make about their everyday finances. Content includes careers, income & taxes, budgeting, spending & borrowing, saving & investment, insurance, and an introduction to Accounting. Members of this class may also get a subscription to Banqer High software, which enables them to use and reinforce the financial skills they learn in class. Financial literacy is being prioritized in schools globally. This course also begins to lay a foundation for senior school courses such as Level 1 Commerce, Accounting and Economics.
Subject Overview
Term 1
INCOME: researching careers, qualifications (cost and time), income and job prospects,
TAXATION; focusing on income tax and GST
BUDGETS: creating and using budgets to manage personal finances
SAVING & INVESTMENT: focuses on idea of 'paying yourself first'' and covers banking, simple and compound interest plus further options to make savings work for you
SHARES: introduction to the share market, focusing on shares of NZ companies; students create a portfolio of shares and track these using spreadsheets.
Term 2
SPENDING & BORROWING: understanding available options to buy and pay; credit options, how they work and what they cost
INSURANCE: personal insurance, how it works and what it costs
ACCOUNTING: introduction to the Accounting Equation and financial statements
Approximate Costs and Equipment/Stationery
Stationery: 1 x 2B8
Other costs: NIL
Pathway
As part of 10BUS, students learn to budget and process business transactions through the Accounting Equation. They also learn what the financial statements of a business tell us. This content provides a good foundation for Level 1 Commerce, which leads on to Levels 2 and 3 Accounting and opportunities for subsequent tertiary study and strong career prospects. Understanding the financials is valued by any organization, be it a business, club or school. This understanding begins with personal financial literacy. The focus here is on students learning to make informed decisions about their own finances. The concepts covered herein also provide a sound basis for the study of Economics.
Pathway Tags
Accountant, Auditor, Accounts Officer, Actuary, Administration Officer, Finance Manager, Retail Manager, Bank Worker, Hotel/Motel Manager, Farmer/Farm Manager, Debt Collector, Property Manager, Building Contractor, Buyer, Cafe/Restaurant Manager, Motor Vehicle Salesperson, Insurance Claims Officer, Community Development Worker, Event Manager, Quantity Surveyor, Crop Farmer/Manager, Personal Assistant, Media Producer, Financial Adviser, Health Services Manager, Insurance Agent, Mortgage Broker, Office Manager, Payroll Officer, Purchasing/Supply Officer, Real Estate Agent, Secondary School Teacher, Management Consultant, Orchard Farmer/Manager,
Useful Links
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