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Business

BUS 204


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Credit Hours

(3-0) 3 Cr. Hrs.

Section Start Dates


Section NoStart Date
142406September 16, 2014

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Personal Finance


Course Description

This course is a practical study of problems and solutions facing the consumer in today’s society. The major areas that are covered in this course include personal budgeting, bank and financial institution comparison, strategies in the use and application of credit, insurance alternatives, housing alternatives, large item purchasing (such as automobiles) and occupational choices.

Prerequisites

(A requirement that must be completed before taking this course.)

  • None.

Course Competencies

Upon successful completion of the course, the student should be able to:

  • Develop a financial plan of action.
  • Identify the key elements of successful career planning.
  • Utilize financial statements and budgets to evaluate financial strength and progress.
  • Characterize the impact of taxes on the financial planning process.
  • Relate the tools of monetary asset management to their optimal application.
  • Describe the various types of consumer credit and the related elements necessary to maintain good credit.
  • Prescribe the appropriate methodology for the acquisition of a major purchase.
  • Employ risk-management principles to address threats to income and assets.
  • Differentiate between various investment opportunities and the related risk factors.
  • Incorporate long-term strategies into the financial planning process.
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