ACCTG 151G Financial Literacy

ACCTG 151G | Open | Semester One 2022 | City Campus | 15 points

Description

People who understand the basic principles of finance are likely to get much more mileage out of their money – whether spending, borrowing, saving or investing – than those who do not. Develop an understanding of how to be in control of spending and saving; understand borrowing; make informed investment decisions; know broadly what to insure and what not to; recognise scams and consider whether money is the key to happiness.

Restriction: May not be taken by students with a concurrent or prior enrolment in Accounting or Finance courses.

Learning Outcomes

By the end of this course, students will be able to:
  1. Compare and contrast the concepts of saving and spending and utilise the financial planning process to manage your financial affairs. 
  2. Develop budgets and explain the impact they have on commercial and human behaviour. 
  3. Understand and describe the decision process in respect to housing purchases in New Zealand.
  4. Identify and describe the components and characteristics of consumer loans in New Zealand. 
  5. Examine and describe the risks and returns of investment in shares, bonds (debentures) and managed funds. 
  6. Analyse and interpret financial statements and explain the need for professional and ethical standards. 

Student Feedback

'I enjoyed the fact that the course was informative and geared towards helping us make informed financial decisions.  Compared to my other  very examination-focused courses this course was a breath of fresh air.'

'The tutorials and the drop–in sessions were most helpful for me. The lecturer is really nice and approachable... great online discussions.'

'The most helpful aspect of this course for my learning was doing hands-on tasks such as drawing out our own paper stocks.'

'Lecturer's explanations were very clear and easy to understand, even for those of us who were fairly new to financial literacy.'

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