This module examines the structures, systems and processes that should be established in order for a school to be effective. The expectation of all stakeholders in the school environment is that an effective school will be able to provide an education of progressively higher quality for all learners. The premise of this module is that effective education is built upon, and grounded in, policies, principles and values. The acts, regulations and policies of national and provincial governments have created the framework and values within which the schools organisational systems, and physical and financial resources should be managed.
Consumers see or hear thousands of advertisements each day. The April 2017 issue of Page One Economics: Focus on Finance reviews advertising history and strategies ads use to create demand and influence consumer tastes and preferences.
We use the derivative to determine the maximum and minimum values of particular functions (e.g. cost, strength, amount of material used in a building, profit, loss, etc.).Differentiation is also used in analysis of finance and economics.
Applied Finite Mathematics covers topics including linear equations, matrices, linear programming, the mathematics of finance, sets and counting, probability, Markov chains, and game theory. Endorsed by CollegeOpenTextbooks.org.
Students use their emerging writing skills to write shopping lists. They work within a budget, use problem-solving skills to create lists, and buy their favorite treats at the class store.
This module is the first part of an Insurance 101 series that explores the basic concepts of Liability coverage on an auto insurance policy. (All pictures courtesy of www.creativecommons.org)
This course covers topics dealing with financing a business, analysis of financial statements, working capital management, short-and long-term financial planning, budgeting and control.
1. Describe and interpret the four standard financial statements.
2. Describe the importance of current assets and liabilities.
3. Calculate and interpret standard business ratios including: current, inventory turnover, gross margin (profit), ROA, ROE, EPS, and A/R Days.
4. Discuss the difference between markup and margin.
5. Calculate break-even points and units needed to make profit levels.
6. Calculate working capital and estimate minimum cash reserves.
7. Track cash flows for an organization.
This video lecture presents the basic definitions of assets, liabilities and equity with simple examples. It also explains the concept of accounting equation with examples.
Many people find themselves in financial trouble, but it is good to know there are options available should you need serious financial help. The April 2018 bonus edition of Page One Economics: Focus on Finance discusses earning income, budgeting, late payments, and collections. It introduces the basics of legal protection offered in the form of bankruptcy and describes some potential consequences of filing a bankruptcy case.
This course introduces the viewer to the most important principles in accounting. This course is also designed for corporate or legal professionals to be able to better work with corporate accounting departments.
This course starts with explanations of the basic financial accounting documents: the balance sheet, the income statement and other financial statements. We’ll go over basic bookkeeping rules and where various information is entered and kept.
Modules two through four cover the accounting process. We’ll discuss the concepts of recognition and matching, accrual and deferral of revenue and what constitutes current assets. We’ll also discuss inventory and the “LIFO,” “FIFO” and just-in-time methods to track inventory. We’ll also look at the concept of depreciation, mainly relevant for income and capital gains taxation, and the various depreciation methods and rules. We’ll also look at how to account for intangible assets, securities, debt instruments, leases and capital accounts.
In module five, we’ll turn to the principles of accounting. We’ll discuss the “Generally Accepted Accounting Principles” and how they are formed and work. We’ll also discuss auditing and the principles that govern that pursuit. We’ll also look at responsibility for financial statements, gray areas and some sample cases where questions of liability for false or misleading financial statements went to the courts.
In our last module, we’ll focus on the quantitative tools that are used in valuations. We’ll look at many different types of ratio analyses and their rules and uses. We’ll look at myriads of ways to measure profitability and performance. Then, we’ll discuss the time value of money and its impact on accounting. Finally, we’ll wind up the course by discussing different ways to value a company.
This course provides an overview of how income is calculated and taxed on the federal level and helps prepare students for more advanced courses in taxation.
The first two modules focus on defining gross income. While the Internal Revenue Code describes income as being taxable from “whatever source derived,” it also devotes scores of statutes and regulations to illustrating what constitutes income. In Module 1, we’ll look at wages and business income, which employee fringe benefits are counted as income, capital gains, dividends, rents, royalties and others. Module 2 turns to income derived from annuities, pensions, social security, retirement account distributions and other sources. We’ll also survey the types of income specifically exempted by the Code as non-taxable.
Modules 3 and 4 turn to income tax deductions. In Module 3, we’ll look at personal deductions, which includes a discussion of the standard deduction and itemized deductions on Schedule A. We’ll also look at deductions and limits thereon for interest paid, state and local taxes, casualty losses and charitable contributions. In Module 4, we’ll look at deductions more relevant to businesses and business activities. These include costs of doing business, depreciation and amortization and other corporate and business deductions. We’ll also focus on the qualified business income deduction, a boon for small businesses under the Tax Cuts and Jobs Act of 2017.
In our final module, we’ll look at tax credits, which allow dollar-for-dollar setoffs of federal income tax. We’ll look at tax credits related to children and dependents, education credits, various other credits and the important “earned income tax credit,” which provides substantial tax benefits for low-income taxpayers. Finally, we’ll look at the alternative minimum tax (AMT), which ensures that high-income taxpayers pay at least a minimum level of income taxes in spite of their possible deductions.
When you complete this course, you will understand how federal income tax is assessed, what constitutes income and have a firm grasp of the most important federal income tax deductions and credits.
Students will learn that money is an invention. They will read and analyze an essay focusing primarily on one aspect of Ben Franklin's life his work as a printer and how he was an inventor and entrepreneur who also promoted the use of currency in the United States. Students will cite specific textual evidence regarding problems and solutions and will answer questions and complete a timeline. By using evidence and information gleaned from text, students will write a fictitious social media post defending the selection of Ben Franklin's portrait for the $100 note.
While many people have heard of Bitcoin, far fewer understand it. In short, Bitcoin is a digital currency that allows transactions independent of the banking system. Lately, many people are buying Bitcoin purely as a financial investment, hoping it will appreciate. So which is it—currency or financial asset? Read more about it in the March 2018 issue of Page One Economics.
This resource was created by Brandon Horst in collaboration with Tina Williams as part of the 2019-20 ESU-NDE Digital Age Pedagogy Project. Educators worked with coaches to create Unit Plans promoting BlendEd Learning Best Practices. This Unit Plan is designed for Upper Primary Integrated Technology (3-5).
This lecture is about bonds. A bond is a debt investment in which an investor loans money to an entity (typically corporate or governmental) which borrows the funds for a defined period of time at a variable or fixed interest rate. It discusses the bond terminology, how to compute the price and yield of the different types of bonds. Additionally, it describes why bond prices change over time and how credit risk affects a corporate bond.