Business

Instructors:

Lee Wertheimer

Maple Grove Senior High

Accounting A,B & C, Business and Personal Law, Introduction to business, Personal and Financial Management

(763) 391-8700

John Schetinski

Maple Grove Senior High

Positive Leadership

(763) 391-8700

Sherrie Hamre

Park Center Senior High

Positive Leadership, Accounting A,B, &C, Advance Accounting A,B &C, Business And Personal Law, Personal and Financial Management

(763) 569-7600

Deb Becker

Osseo Senior High

Business and Personal Law, Introduction to Business, Personal and Financial Management

(763) 391-8500

Sample Careers:

  • Entrepreneur
  • Operations Manager
  • Personnel Recruiter
  • Banker
  • Accountant
  • Loan Officer

Courses:

Principles of Accounting A, B & C

Course Description:

New and improved, paperless accounting! Accounting is the language of every business. This course is an introduction to the fundamental concepts and principles needed to operate a service business. You will learn basic accounting terminology and explore career opportunities.

*This course is articulated with several post-secondary institutions. See ctecreditmn.com for agreements with specific colleges. Students completing any three trimesters with a grade of A can receive free college credit.

Course Standards:

Student will demonstrate proficiency on the following national standards in accounting for business education:

  • Demonstrate an understanding of the fundamental accounting equation (1)
  • Classify items as assets, liabilities, or owner’s equity (1-2)
  • Describe the purposes of the revenue, expense, and drawing accounts and illustrate their effects on owner’s equity (2)
  • Analyze business transactions using source documents and describe the effect on the accounting equation (3)
  • Explain the purpose of the journal and the process of journalizing business transactions (3)
  • Explain the purpose of a ledger account and post information from the journal to the ledger (4)
  • Prepare bank reconciliations (5)
  • Establish, maintain and replenish a petty cash account (5)
  • Prepare a trial balance (6)
  • Analyze the trial balance to determine necessary adjustments to prepare financial statements (6)
  • Prepare and explain financial statements (7)
  • Explain the purposes of the closing process and journalize and post closing entries (8)                              

Course Prerequisites: None

Advanced Accounting A, B & C

Course Description:

Advanced Accounting is a skill-level course that builds upon the foundation established in Accounting. This course is planned to help students develop in-depth knowledge of the principles of accounting with more emphasis being placed on financial statements and accounting records. The course is a study of previously learned principles as they apply to more complicated types of business organizations. The students will become familiar with specialized fields of accounting: cost accounting, tax accounting, payroll accounting, managerial accounting, and financial projections/interpretations.

Course Standards:

Student will demonstrate proficiency on the following national standards in accounting for business education:

  • Demonstrate an understanding of the fundamental accounting equation (1)
  • Classify items as assets, liabilities, or owner’s equity (1-2)
  • Describe the purposes of the revenue, expense, and drawing accounts and illustrate their effects on owner’s equity (2)
  • Analyze business transactions using source documents and describe the effect on the accounting equation (3)
  • Explain the purpose of the journal and the process of journalizing business transactions (3)
  • Explain the purpose of a ledger account and post information from the journal to the ledger (4)
  • Prepare bank reconciliations (5)
  • Establish, maintain and replenish a petty cash account (5)
  • Prepare a trial balance (6)
  • Analyze the trial balance to determine necessary adjustments to prepare financial statements (6)
  • Prepare and explain financial statements (7)
  • Explain the purposes of the closing process and journalize and post closing entries (8)

Course Prerequisites: Principles of Accounting A, B & C

Personal and Financial Management

Course Description:

This course is designed to help the student plan for a successful future. An overview of personal and financial planning with an emphasis on several of the following aspects: financial record keeping, planning your spending, consumer credit, making buying decisions, purchasing insurance, selecting investments and organizing and managing personal financial resources. Protection of financial resources is also emphasized.

Course Standards:

  • Describe how income and spending patterns change through the life cycle for the typical person and family.
  • Differentiate between types of decisions and identify those for which a formal decision-making process should be used.
  • Describe the risks, responsibilities, advantages and disadvantages associated with using credit.
  • Identify the rights and responsibilities associated with using a checking account.
  • Describe the advantages and disadvantages of different savings and investing plans. Identify the risk/return trade-offs for saving and investing.
  • Identify the types of insurance associated with different types of risk.

Course Prerequisites: None

Business and Personal Law

Course Description:

Students will achieve a greater understanding of how the justice system is structured, different levels of crime, and how law is enforced. Students will demonstrate the ability to discern what makes agreements legally binding (contracts) and the proper way to enter in to them. Students will understand school laws, property laws and employment laws, to name a few. Students will be able to acquire an expanded knowledge of our legal system by active participation with guest speakers and by researching current newspapers for law-related stories.

Course Standards:

  • (1) Describe sources of the law, structure of the court system, different classifications of procedural law, and different classifications of substantive law.
  • (2) Analyze the elements of contract law.

Course Prerequisites: None

Introduction to Business

Course Description:

Do you think you would be a great Apprentice? Business is a hot major on college campuses—take Intro to Business and find out why. This is the class that will introduce you to all aspects of business and help you discover your passion and identify the path to follow for future success in business. Students will explore the role of business in our global economy, functional areas of business, and business career opportunities.

Course Standards:

This course is designed to help students meet the following National Business Education Association standard for business and its related objectives:

  • Assess opportunity costs and trade-offs involved in making choices about how to use scarce economic resources.
  • Explain why societies develop economic systems, identify basic features of different economic systems, and analyze the major features.
  • Analyze the organization of a business.
  • Analyze the management functions and their implementation and integration within the business environment.
  • Apply business concepts to international business situations.

Course Prerequisites: None

Positive Leadership

Course Description:

Positive Leadership is a class that will enable students to develop an awareness of their own leadership potential. The class will assist students in developing essential leadership skills and provide opportunities to practice these skills within a learning community. Students will be able to define leadership, develop knowledge of self and others, develop leadership skills and practice leadership through service. Win friends and influence people! Take Positive Leadership. This course will challenge students interested in learning advanced concepts in leadership. Define leadership, discover your leadership strengths and develop your areas of weakness, refine your ability to reach your dreams and goals, get your life organized, build confidence in yourself and others, manage teams, and refine your communication skills. Can you be a positive leader? The choice is yours!

Course Standards:

  • Incorporate appropriate leadership and supervision techniques, and personal ethics standards to communicate effectively with various business constituencies.
  • Apply interpersonal relationship skills in both personal and professional settings.
  • Apply the principles of group dynamics in structured activities.

Course Prerequisites: None