This book is intended for an undergraduate or MBA level Financial Accounting course. It covers the standard topics in a standard sequence, utilizing the Socratic method of asking and answering questions. For questions about this textbook please contact textbookuse@umn.edu

This 12-minute video lesson looks at alternate bailout plans and considers their moral hazard. [Financial Bailout playlist: Lesson 10 of 15]

This 11-minute video lesson is the first in Kahn's Financial Bailout series. It provides a review of balance sheets and explains the difference between illiquidity and insolvency. [Financial Bailout playlist: Lesson 1 of 15]

This 11-minute video lesson looks at a hypothetical bank balance sheet and explains what book value means. [Financial Bailout playlist: Lesson 2 of 15]

This 11-minute video lesson explains what it means when the market value of a stock is different from its book value. [Financial Bailout playlist: Lesson 3 of 15]

This 11-minute video lesson explains the different ways of accounting for an asset. It considers the mark-to-model vs. mark-to-market. [Financial Bailout playlist: Lesson 4 of 15]

This 11-minute video lesson looks at how the bank can liquidate assets to pay off debt that comes due. [Financial Bailout playlist: Lesson 5 of 15]

This 12-minute video lesson looks at how the bank gets bailed out by an equity infusion from a sovereign wealth fund. [Financial Bailout playlist: Lesson 6 of 15]

This 10-mintue video lesson looks at what happens when there is no equity infusion and the bank goes in to bankruptcy. [Financial Bailout playlist: Lesson 7 of 15]

This 12-minute video lesson looks at how the banks are connected and what happens when one bank fails. [Financial Bailout playlist: Lesson 8 of 15]

In this 11-minute video lesson Kahn considers what Paulson wants to do and explains why he does not like it. [Financial Bailout playlist: Lesson 9 of 15]

Material Description

This resource is a financial calculator that students may use in a finance portion of a mathematics class, a mathematics portion of a business or finance class, or wherever the user may find it useful.

The calculator can find future value and payment/deposit amount of a savings annuity. It can also find present value and withdrawal/payment amount of a payout annuity/loan.

Context for sharing:

The calculator allows students to more quickly solve contextual problems related to personal finance including loans, investments, and amortization, which provides more instruction time for deeper contextual problems.

Additional information about the resource:

The calculator is written in python, hosted by Streamlit, and may be copied and remixed through Github.

Additional links:

Calculator: https://mrozinski10-financial-calc-main-xv3ljm.streamlit.app/

Github: https://github.com/mrozinski10/Financial-Calc

This resource is a financial calculator that students may use in a finance portion of a mathematics class, a mathematics portion of a business or finance class, or wherever the user may find it useful. The calculator can find future value and payment/deposit amount of a savings annuity. It can also find present value and withdrawal/payment amount of a payout annuity/loan.

Washington’s Basic Education Act requires that school districts provide opportunities for every student to “understand the importance of work and finance and how performance, effort, and decisions directly affect future career and educational opportunities.”

Financial education attends to the development of short-term and long-term skills and competencies for academic and personal growth. Financial education supports students’ academic performance in several subject areas and plays a major role in preparing students for college, career, and a life of financial stability and well-being

Financial Education & ELA, K-5Discover how children’s picture books can be used to teach personal finance! This resource-based training will introduce participants to the FEPPP Library, a diverse collections of titles with personal finance themes and SEL opportunities, as well as the Bilingual Spanish Library, featuring bilingual read-alouds and dual language resources. In addition, educators will receive Lesson & Resource Guides featuring no- or low-prep text-aligned lessons and activities.Webinar recorded on August 14, 2023

Guide students through real-world math applications with personal finance!From skip counting to decimal operations, this training will dive into the math skills linked to financial education. Participants will learn methods for integrating personal finance with math standards instruction, with an emphasis on small group strategies, problem-solving, and decision-making. Educators will walk away with lessons, online games, and resources to engage learners.

Financial Education & SEL, K-5Explore the natural connection between financial education and social-emotional learning! In this training, participants will dig into standards alignment and review three strategies for implementing SEL-based personal finance in the elementary classroom, with an emphasis on DEI and underserved student populations. Educators will walk away empowered to integrate SEL and financial education using “grab and go” resources, ideas, and lesson plans. 

Discover strategies to empower migrant, dual-language, Native, and other underserved youth populations with financial confidence and capability!This training focuses on providing equitable access to financial education, with a whole-student, asset-based approach rooted in social emotional learning. Educators will receive culturally relevant and equitably translated resources, as well as suggestions to engage with families and communities within financially vulnerable populations.

Personal Finance

Short Description:
Financial Empowerment is designed for a single-semester introduction to financial planning and decision-making, in order to provide first and second-year students with the necessary financial literacy and skills needed to make sound financial decisions, assess financial risk, and achieve financial success. This textbook attempts to speak to the varied backgrounds, knowledge systems, and experiences of Canadians by providing Indigenous and non-Indigenous perspectives on personal finance and financial planning using examples and information from Elders, the Canadian financial system, and the economy.

Long Description:
The purpose of the Financial Empowerment adaptation is to take an accessible, student-focused, personal finance textbook from the United States and make it affordable and relevant for students in Canada. While many mainstream Canadian personal finance texts provide excellent content in terms of the mechanics of personal finance, they are expensive and not always relevant to the values and experiences of students in the classroom. Many mainstream personal finance texts fall short for Indigenous Canadians and non-Indigenous Canadians alike because they do not speak to the varied backgrounds, knowledge systems, and experiences of their readers. This textbook was adapted in order to motivate a broad range of students to learn about personal finance.

The specific goals of this textbook are: to help students build a solid understanding of personal finance in order to achieve financial literacy and financial success by providing them with the skills and knowledge necessary to navigate short and long-term financial change; to tailor the content for a Canadian audience by providing Indigenous and non-Indigenous perspectives on personal finance and financial planning using examples and information from the Canadian financial system and economy; to increase accessibility to financial education resources for students and general public alike regardless of where they live or study; to customize the content for Indigenous students in Canada and address student needs for practical and theoretical knowledge on financial decision-making and financial risk assessment; and to connect financial literacy with Indigenous Knowledge and history by threading Indigenous perspectives and interviews with Elders and other community leaders throughout the textbook.

Word Count: 143750

ISBN: 978-1-990641-83-1

(Note: This resource's metadata has been created automatically by reformatting and/or combining the information that the author initially provided as part of a bulk import process.)

Personal Finance for Indigenous and Non-Indigenous People

Short Description:
Financial Empowerment is designed for a single-semester introduction to financial planning and decision-making, in order to provide first and second-year students with the necessary financial literacy and skills needed to make sound financial decisions, assess financial risk, and achieve financial success. This textbook attempts to speak to the varied backgrounds, knowledge systems, and experiences of Indigenous and non-Indigenous Canadians by providing Indigenous and non-Indigenous perspectives on personal finance and financial planning using examples and information from Elders, the Canadian financial system, and the economy. Additional resources can be found at https://www.uregina.ca/oer-publishing/index.html.

Long Description:
Financial Empowerment is an adaptation of the openly licensed textbook Personal Finance, v. 1.0 which was adapted by Saylor Academy (2012) under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License without attribution as requested by the work’s original creator or licensee and is available here: http://www.saylor.org/site/textbooks/.

The purpose of the Financial Empowerment adaptation is to take an accessible, student-focused, personal finance textbook from the United States and make it affordable and relevant for Indigenous and non-Indigenous people in Canada. While many mainstream Canadian personal finance texts provide excellent content in terms of the mechanics of personal finance, they are expensive and not always relevant to the values and experiences of students in the classroom. Many mainstream personal finance texts fall short for Indigenous Canadians and non-Indigenous Canadians alike because they do not speak to the varied backgrounds, knowledge systems, and experiences of their readers. This textbook was adapted in order to motivate a broad range of students to learn about personal finance.

The specific goals of this textbook are: to help students build a solid understanding of personal finance in order to achieve financial literacy and financial success by providing them with the skills and knowledge necessary to navigate short and long-term financial change; to tailor the content for a Canadian audience by providing Indigenous and non-Indigenous perspectives on personal finance and financial planning using examples and information from the Canadian financial system and economy; to increase accessibility to financial education resources for students and general public alike regardless of where they live or study; to customize the content for Indigenous students in Canada and address student needs for practical and theoretical knowledge on financial decision-making and financial risk assessment; and to connect financial literacy with Indigenous Knowledge and history by threading Indigenous perspectives and interviews with Elders and other community leaders throughout the textbook.

Supplementary resources for this text include: PowerPoint slides Video Introduction

Word Count: 144364

ISBN: 9780889775497

(Note: This resource's metadata has been created automatically by reformatting and/or combining the information that the author initially provided as part of a bulk import process.)