Lesson 1: CFM Introduction
About This Lesson: In this introductory lesson, students will learn what to expect in the Career and Financial Management course. The class is divided into two major parts: career management and financial management. Career management will help students explore jobs that match their skills, abilities, interests, and preferences, while financial management will teach students how to make money, manage money, and keep money. Students will also learn how the course is organized over two quarters, with career management covered in the first quarter and financial management covered in the second quarter. As part of the lesson, students will visit businesseducationny.com, navigate to the Career and Financial Management introduction section, preview the course units, and answer five questions to show their understanding of what the class will cover.
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Directions: Work your way down the page. Watch all videos and follow instructions.
Directions 2: After watching the video above, preview the units in this course.
Units For Career Management (Quarter 1)
Unit Title |
What You Will Learn |
CM.1 Career Development |
This unit provides information about career planning. Students will gain knowledge to assess their skills, values, needs and lifestyles enabling them to discover paths they may take in their future. Problem solving steps will be introduced to aid the process. |
CM.2 Options Beyond High School |
This unit will explore options available to students after high school. Students will investigate and evaluate possible paths as they transition from high school to postsecondary education and careers. |
CM.3 The Job Search Process |
This unit will outline the job seeking process. Students will gain an understanding of the sources of job opportunities, documents required to secure interviews, as well as developing the skills to interview for positions and evaluating options after the interview. |
CM.4 Workplace Regulations |
This unit will outline employment regulations and federal, state, and local laws that affect employees. Students will gain an understanding of how workplace regulations assist and protect employees and employers. |
CM.5 Career Readiness Skill |
This unit will introduce students to the importance of developing career readiness skills (transferrable skills) and the role they play in an individual’s personal and professional success. |
CM.6 Lifelong Learning |
This unit will introduce students to sources of professional development opportunities. Students will develop an appreciation for the value professional development has on an individual’s career growth, advancement, and/or lifelong learning. |
CM.7 Leadership and Ethics |
This unit introduces students to the concepts of leadership and ethics. Students w recognize the impact that leadership and ethics have on career and life success. |
CM.8 Business Communications & Technological Innovations |
The ability to communicate effectively is essential for success in all areas of life. This unit exposes students to the skills and technology necessary to communicate effectively. |
Units For Financial Management (Quarter 2)
Unit Title |
What You Will Learn |
FM.1 Budgeting |
This unit introduces students to the process of budget development. Students will be able to develop a budget to help ensure goal attainment. |
FM.2 Money Management |
This unit introduces students to a variety of strategies and tools for managing financial resources. Students will recognize the importance of money management and the skills and knowledge needed to become a financially responsible adult. |
FM.3 Credit & Loans |
This unit explores issues related to establishing credit, obtaining loans, and taking steps to prevent identity theft. Students will be aware of the positive and negative implications of borrowing money and will develop the knowledge necessary to protect their financial identity. |
FM.4 Interest |
This unit examines factors related to interest, including: rate calculation, cost of credit, and credit scores. Students will learn how to determine the cost of credit. |
FM.5 Investing |
This unit will introduce students to investing as a vehicle to increase wealth and prepare for the future. Students will gain an understanding of various investment options and their advantages and disadvantages. |
FM.6 Consumer Options and Protections |
This unit will cover the responsibilities that come with being a consumer and the concept of consumer protection. Students will gain insight into laws governing consumers rights and areas for which they must assume responsibility. |
FM.7 Insurance |
This unit will address insurance for all types of purchases. Students will gain insight into how insurance can provide financial and personal security. |
FM.8 Taxes |
This unit will address all types of taxes. Students will explore types of taxes as well as their purpose. |
Directions 3: After you watch the video and preview the units, answer the following questions.
