Objectives for MYOB

1. The student will describe the importance of earning an income and 
explain how to manage personal income through the use of a budget.
2. The student will identify and describe the impact of local, state, and 
federal taxes upon income and standard of living.
3. The student will describe the functions and uses of banks and other 
financial service providers.
4. The student will demonstrate the ability to manage a bank account and 
reconcile financial accounts.
5. The student will analyze the costs and benefits of saving and investing.
6. The student will explain and evaluate the importance of planning for 
retirement.
7. The student will identify the procedures and analyze the responsibilities 
of borrowing money.
8. The student will describe and explain interest, credit cards, and online 
commerce.
9. The student will identify and explain consumer fraud and identify theft.
10. The student will explain and compare the responsibilities of renting 
versus buying a home.
11. The student will describe and explain how various types of insurance 
can be used to manage risk.
12. The student will explain and evaluate the financial impact and 
consequences of gambling.
13. The student will evaluate the consequences of bankruptcy.
14. The student will explain the costs and benefits of charitable giving.