Teacher in Charge: Mr B. Wedlake
This course encourages financial understanding. Students learn to make informed and effective decisions about their everyday finances. Topics include Income & Taxation, Budgeting, Saving & Investment, Spending & Borrowing, Insurance, Consumer Rights and an Introduction to Accounting. This is a cross-curricular course including social science, technology and mathematics. Its focus is financial literacy, money-based education.
Shares: introduction to the share market, focusing on shares of NZ companies; students create a portfolio of shares and track these using spreadsheets.
Income: researching careers, required qualifications (cost and time), income and job prospects, taxation; 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
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
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 are telling us. This content provides a good foundation for Level 1 Accounting, which itself 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 organisation, be it a business, club or school. This 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 study of Economics.Approximate Costs and Equipment/Stationery
Stationery: 1 x 2B8
Other costs: NIL
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