<p>Financial Life Cycle Mathematics (FiCycle) provides a theoretically grounded introduction to finance for High School Students. It navigates the financial calculations and decisions a person must make over the course of a lifetime (the financial lifecycle of an individual). The course unifies the material around two key principles: transferring consumption across time and managing uncertainty. It also presents the mathematical concepts underlying these principles in a systematic manner. This unit introduces the fundamental concepts for understanding finance. A natural way to think about your financial situation is in terms of the amount of cash you have access to either in your pocket or in your bank account. To plan effectively, though, you need to move beyond cash balance, and think about wealth taking into account your assets and debts. Financial statements allow us to track our wealth systematically, so we can more effectively meet our financial goals. After completing this unit, you will be able to: Distinguish between: income, expense, asset, liability Fill in and read T-accounts Create and read income statements Create and read balance sheets Create and read sources and uses statements Create any of the above from T-accounts Create financial statements, given a description of a person s financial situation Analyze a person s situation and provide the best financial decision for them Research online, to find budgeting constraints</p>

Financial Life Cycle Mathematics Unit 1: Keeping Score

Business & Money

Andrew Davidson

Jack Marley-Payne

Philip Dituri

Personal Finance

FiCycle

See the best price to sell, buy or rent books by the FiCycle publisher. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by FiCycle

See the best price to sell, buy or rent books by the FiCycle publisher. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Financial Life Cycle Mathematics Unit 1: Keeping Score