ACCT 040Personal Finance

Prerequisite: Prerequisite: Placement as determined by the college’s multiple measures assessment process or completion of a course taught at or above the level of intermediate algebra. This course covers the fundamentals of personal finance including financial planning, money management, income and asset protection, and investments. The course includes calculations and problem-solving related to budgeting, managing income taxes, building and maintaining good credit, large personal assets purchases, managing property and liability risk, investment fundamentals, and retirement and estate planning. Students have the opportunity to prepare their own personal budgets and statements of net worth. The time value of money and its importance in the financial planning process is stressed.