ACCT110 Personal Financial Planning

Department of Business Studies: Accounting

I. Course Number and Title
ACCT110 Personal Financial Planning
II. Number of Credits
3 credits
III. Number of Instructional Minutes
IV. Prerequisites
V. Other Pertinent Information
VI. Catalog Course Description
This course prepares students with little or no experience in personal finance to make money management decisions. Students analyze the interrelationships of budgeting, banking, credit, taxation, investments, insurance, and estate planning as they apply to consumer decision-making.
VII. Required Course Content and Direction
  1. Course Learning Goals

    Students will:

    1. demonstrate an understanding of the need for financial planning in everyday life, and give examples of the tools available to assist in the planning and record keeping;
    2. compare the advantages and disadvantages of debt;
    3. compare and contrast the options for various types of insurance; and
    4. evaluate options for investing and planning for retirement.
  2. Planned Sequence of Topics and/or Learning Activities

    1. understanding the financial planning process
    2. developing personal financial statements and plans
    3. managing cash and savings
    4. using consumer loans
    5. understanding how life insurance is used in the financial planning process
    6. protecting your property with insurance
    7. investment planning and basic understanding of typos of investments - stocks, bonds, mutual funds, ETFs, etc.
    8. planning for retirement
    9. principles of estate planning
  3. Assessment Methods for Course Learning Goals

    The assessment of course learning goals may be based on discussions, homework, quizzes, exams, assignments, papers, performance based tasks and projects, and/or instructor evaluation.
  4. Reference, Resource, or Learning Materials to be used by Student:

    See course syllabus for required textbook and any related materials.

Review/Approval Date - 5/99; Revised 3/05; Revised 12/2011; New Core 8/2015