Calgary Board of Education

 
CTS

Applied Technology | Visual Communication | Computer Science | Graphic Design | Fashion Studies | Financial Management | Foods | Computer Applications | Legal Studies | Marketing Management

Financial Management

Accounting is the language of business. Owners, managers, and accounting employees must understand and use the basic language. Many persons use accounting as a means of earning a living. Recent Statistics Canada census figures reveals over 300 000 persons are emmployed as accountants. In additional 500 000 persons are employed in other occupations related to accounting. Nearly everyone in Canada who earns money must prepare and file an income tax return with Canada Customs and Revenue Agency each year. Related to yearly income taxes is making decisions regarding personal financial planning. Understanding, building and maintaining short-term and long-term investment porfolios is an essential life skill in today's society. Persons with some knowledge of financial mangement concepts are better able to plan and keep adequate personal and business records.

Financial Mangement 10 | Financial Management 20 | Financial Management 30 | CTS Curriculum - Finance


Financial Management 10 - 5 credits

The Financial Management 10 program provides an opportunity for students to develop their knowledge and skills in basic business, personal finances and accounting concepts and procedures. At the introductory level, students become familiar with the step by step procedures of sole proprietorship service businesses. Sage 50 (formally known as "Simply Accounting"), Excel spreadsheets and a computerized management and economic simulation will be used to enhance financial management concepts and principles learned.

Courses offered and their descriptions are as follows:

FIN1010 - Financial Information

Students explore concepts that affect the finances of an individual, including a code of conduct, the economic environment, acquiring and using financial resources and the effects of government legislation.

FIN 1015 – Accounting Prep -

Students are introduced to accounting and terminology unique to financial accounting. They become familiar with financial statements, generally accepted accounting principles (GAAP) and how to prepare for the process of starting up a business.

FIN 1020 – Accounting Cycle 1 -

Students are introduced to the accounting cycle for a service business. They will analyze and record business transactions up to trial balance for the fiscal period of a business using terminology unique to financial accounting.

FIN 1030 – Accounting Cycle 2 -

Students complete the accounting cycle for a service business, preparing financial statements and closing accounts. They also will explore other factors of a business, including budgets.

FIN 1910 – Fin Project A -

Students develop project design and management skills to extend and enhance competencies and skills in other CTS courses through contexts that are personally relevant.

Financial Management 20 - 5 credits

The Financial Management 20 program builds on accounting concepts and principles learned in Financial Management 10. Students will further develop their knowledge and skills by setting up and running a retail business. In addition, one area of the course will focus on personal investment planning. This section of the course will cover the basic concepts of investing. The students will have the opportunity to evaluate a variety of investment portfolios and building mock investment portfolios of their own. The Internet, Sage 50 (formally known as "Simply Accounting") software and Excel will be used to enhance concepts and principles learned. Investing in Your Future, a non-biased resource developed by the Investor Learning Centre of Canada will be the resource used.

Courses offered and their descriptions are as follows:

FIN 2020 – Retail Accounting 1 -

Students apply specialized accounting procedures associated with buying and selling goods in a retail system with a credit system and a partnership.

FIN 3080 – Personal Investment Planning 1 -

Students are introduced to the capital market and the available securities when building a personal investment portfolio. Students research and analyze a variety of securities, including equities, fixed income and mutual funds.

FIN 2040 – Accounting Software -

Students learn and demonstrate use of an accounting software package for personal or business use. They will complete transactions and procedures typically used by an individual or a business.

FIN 2030 – Retail Accounting 2 -

Students continue to apply specialized accounting procedures by preparing financial statements, analyzing adjusting and closing entries and completing the accounting cycle for a retail business.

FIN 2910 – Fin Project B -

Students develop project design and management skills to extend and enhance competencies and skills in other CTS courses through contexts that are personally relevant.

Financial Management 30 - 5 credits

The Financial Management 30 course builds on concepts from the Financial Management 20 course. Concepts in these advanced level courses include partnership, corporate and managerial accounting concepts, principles and procedures and advanced financial adjustments. Sage 50 (formally known as" Simply Accounting") will continue to be used to enhance concepts and principles learned. Students need to demonstrate a self-directed responsible attitude to be successful in this course.

Courses offered and their descriptions are as follows:

FIN 3040 – Financial Statements -

Students examine the content and structure of financial statements and prepare customized financial statements for a variety of businesses.  All work is prepared using Sage 50 Accounting Software.

FIN3090 – Personal Investment Planning 2 -

Students expand their knowledge of investing by analysing the financial statements of a variety of companies, interviewing and critiquing an investment advisor, and creating investment portfolios using the steps of intelligent investing for short-term and long-term goals.

FIN3010 - Advanced Accounting -

Students apply advanced accounting procedures, including capital assets and uncollectible accounts, used by a variety of businesses. Students also prepare adjustments, using the accrual method of accounting, and examine manufacturing or departmental accounting.

FIN3060 - Financial Analysis -

Students use formulas and ratios to evaluate the financial status of business organizations, interpret data, report results and recommend changes based on the analysis

FIN 3030 - Capital Accounting -

Students examine the accounting procedures related to proprietorships, partnerships, corporations and other entities. Students determine the effect the different forms of business ownership have on the equity section of the balance sheet.