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September 25, 2017
 



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TRADITIONAL

Study Guide

Printed Version - $225
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Online Access - $225
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Personal Finance


Personal Finance is a lower-level baccalaureate exam which covers the following areas:

  • Budgeting
  • Cash management
  • Economic Conditions
  • Debt and Credit
    • Credit cards
    • Installment loans
    • Interest calculations
    • Federal credit laws
    • Creditworthiness, credit scoring and reporting
    • Bankruptcy

  • Simple and Compound Interest
  • Taxes
    • Payroll
    • Income
    • IRS and audits
    • Estate and gift
    • Tax planning
    • Progressive vs. regressive
    • Tax professionals

  • Major Purchases
    • Auto
    • Housing

  • Insurance
    • Risk management
    • Life policies
    • Property and liability policies
    • Health and disability policies
    • Specialty insurance
    • Insurance analysis and sources of information

  • Investments
    • Liquid assets
    • Fixed income/bonds
    • Equity
    • Mutual funds
    • Commodities, precious metals, real estate
    • Sources of information
    • Time value of money
    • Asset/portfolio allocation

The questions on the exam are multiple choice and require you to demonstrate the following skills:

  • A knowledge of basic facts and terms
  • An understanding of concepts and principles
  • An ability to apply concepts and principles to specific problems and situations

(Taken from "Personal Finance," DSST (DANTES Subject Standardized Tests), Thomson Prometric, www.GetCollegeCredit.com/NEWFACTSHEETS/Personal%20Finance.pdf.)


The required textbook(s) for the Traditional course are listed below.

  • Personal Finance   Rent only
      10th by Jack R. Kapoor, Les R. Dlabay, Robert J. Hughes - McGraw Hill,
        
    ISBN 9780073530697