Savings account or CD: Which is right for you? Have money to set aside and save for your short- and long-term goals? Savings accounts and certificates of deposit (CDs) are two great options. Both help keep your money safe while giving you the chance to earn interest. Break them down to figure out what’s right Read More…
8 Common Bank Fees Explained If you’ve ever felt like your bank charged you for something and you didn’t see it coming, this list is for you. Here’s a rundown of seven of the most common fees banks charge—and tips to avoid them. Read this short lesson, then return here to answer a quiz question Read More…
8 Common Bank Fees Explained If you’ve ever felt like your bank charged you for something and you didn’t see it coming, this list is for you. Here’s a rundown of seven of the most common fees banks charge—and tips to avoid them. Read this short lesson, then return here to answer a quiz question Read More…
Your bank account: 10 questions to ask What looks on paper like a no-fee or low-cost account may not actually be the one that’s best suited to your needs. Here are 10 questions to ask to help figure out if your account is right for you. Read this short lesson, then return here to answer Read More…
Your bank account: 10 questions to ask What looks on paper like a no-fee or low-cost account may not actually be the one that’s best suited to your needs. Here are 10 questions to ask to help figure out if your account is right for you. Read this short lesson, then return here to answer Read More…
8 tips for getting the most out of your checking account A checking account is probably the account you’ll use most often every day to pay bills, access cash, transfer funds and probably to deposit your paycheck. Whether you’re paying tuition at school or setting up direct deposit for your first job, knowing a few Read More…
8 tips for getting the most out of your checking account A checking account is probably the account you’ll use most often every day to pay bills, access cash, transfer funds and probably to deposit your paycheck. Whether you’re paying tuition at school or setting up direct deposit for your first job, knowing a few Read More…
Credit vs. debit: What’s the difference? Credit and debit cards may look similar, but their features and uses are very different. Knowing when and how to use each can help you build a stronger credit history and keep your debt levels down. Read this short lesson, then return here to answer a quiz question to Read More…
Credit vs. debit: What’s the difference? Credit and debit cards may look similar, but their features and uses are very different. Knowing when and how to use each can help you build a stronger credit history and keep your debt levels down. Read this short lesson, then return here to answer a quiz question to Read More…
Options for people who don’t like to budget Creating a budget may seem like a daunting task, but it doesn’t have to be. Learn about the tools and techniques that can help simplify budgeting and help you reach your financial goals. After watching this short video about tips on making it easier to set a Read More…
Options for people who don’t like to budget Creating a budget may seem like a daunting task, but it doesn’t have to be. Learn about the tools and techniques that can help simplify budgeting and help you reach your financial goals. After watching this short video about tips on making it easier to set a Read More…
Saving Money Every Day Saving starts with just a few simple changes to your spending. Learn how to save money on your everyday expenses, like groceries, transportation and entertainment. After watching this short video about tips on how to save every day, return here and answer a quiz question to continue! TIP: Check around the Read More…
Saving Money Every Day Saving starts with just a few simple changes to your spending. Learn how to save money on your everyday expenses, like groceries, transportation and entertainment. After watching this short video about tips on how to save every day, return here and answer a quiz question to continue! TIP: Check around the Read More…
StockTrak Forex Pair Margin Requirements When trading forex pairs, a portion of your cash will be restricted to cover the risk associated with that particular pair. The amount restricted is a percentage of the value of the trade. The product of the percentage times the dollar value of the trade will then be adjusted to Read More…
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Budgeting and Estimating Expected Expenses When you wake up each morning to go to school, you know that you need to shower, get dressed, eat some breakfast, and run to the bus stop. If you spend too much time on any of these tasks, you might miss your bus. In other words, each morning you Read More…
Financial Decision Making Unit Assessment
Intermediate Investing Unit Assessment
Beginner’s Investing – Unit Assessment
Intermediate Investing Once you know the basics of what it means to invest (what is a Stock, how to look up quotes, and some of the other basics), you can begin to think about building a Portfolio, which means understanding what it means to diversify and how to build an investing strategy. This unit will Read More…
Income and Taxes – Unit Assessment
Managing Credit – Unit Assessment
Budgeting, Saving, and Spending Unit Review Quiz
Risk and Financial Decision Making Insurance is one of those pesky expenses that you may complain about, but will be so grateful for when you actually need it. Unfortunately, accidents happen everyday, and having insurance ensures those accidents don’t drain your savings. There are numerous types of insurance to protect individuals. To make things simpler, Read More…
Managing Credit Navigating the world of credit is an essential skill. There are numerous decisions to be mindful of, including when to use credit, how to manage loans and debt, and how your credit score can affect future purchases. When it comes to credit, trust and playing the long game are key. If you’re just Read More…
Beginner’s Investing The concept of investing is simple – putting your savings to work to help it grow over time. Investing leverages the idea of compounding returns to generate wealth. For example, if you are able to save $50 a month for 10 years as cash, you will have saved up $6,000. However, if you Read More…
Budgeting, Saving, and Spending After earning your first few paychecks, you want to get handle on your expenses so you can start to plan for the future. Building a budget is more than just listing out the bills you know are coming and trying to plan around that – it is about fundamentally understanding your Read More…
Income and Taxes Acquiring your own income is the first step toward being a self-sufficient adult. Income gives you the ability to pay your day to day expenses, while planning for the future. However, having a job entitles you to more than just your salary. Although it can be enticing to accept any compensation package Read More…
Frequently Asked Questions Basics Trading Other The Basics: Hedgeye On The Prize Q: What is the Hedgeye On The Prize? This is an elaborate, web-based educational tool. Each user account receives an amount of virtual dollars in a virtual brokerage account and simulates managing a portfolio by buying and selling stocks at real-time prices. For Read More…
Financial Glossary 1040 The base form to file federal income taxes in the United States. It may be supplemented with additional forms for complex tax returns. 1099 A form provided to contractors to report their income in the United States. 10-K An annual report containing audited financial statements for publicly traded companies. This form is Read More…
Investing Word of the Day Investing 101 Chapter 1 Introduction To Investing Chapter 2 How and Why The Stock Market Works Chapter 3 Making Your First Trade Chapter 4 Building Your $100,000 Portfolio Chapter 5 Now That I Own It, What Should I Do? Chapter 6 Fundamental Analysis – Understanding Financial Statements Chapter 7 Technical Read More…
Accounting Learning Center Browse our collection of articles, videos, and activities relating to basic Accounting. Popular Topics: Accounting The Accounting Cycle Financial Analysis Through Key Ratios Asset Valuation Understanding Assets Accounting for Liabilities Operating Ratios Gains and Losses Basics of Equity Revenue and Expenses Payroll Best Practices Key Accounting Terms Cash Flow Analysis Management Planning Read More…
Economics Learning Center Browse our collection of articles, videos, and activities relating to basic Economics. Popular Topics: Comparative Economic Systems What Are Incentives Understanding Interest Rates Government Impact on the Economy Comparative Advantage Understanding Scarcity What Is Economics? The Business Cycle Unemployment Inflation Major Economic Indicators Supply and Demand
Personal Finance Learning Center Browse our collection of articles, videos, and activities relating to Personal Finance. Browse By Topic: Budgeting All About Budgeting Spending and Savings Plans Pay Yourself First Budgeting and Spending Strategies Building Wealth Planning Large Purchases Credit Understanding Credit Credit Cards Credit Reports Buying A Car Understanding Mortgages Calculators Compound Interest Calculator Investment Read More…
Taxation Overview Taxes are everywhere and are essential in keeping the modern world functioning. For your personal finances, taxes also play a huge role in your financial decision-making. While we have lessons that cover most major types of taxes in detail, to get started we want to give the “big picture” of the types of Read More…
Career Development There is a world of difference between “getting a job” and “starting a career”, and it comes down to more than just salary. The road to Career Development is all about defining your goals. You need to understand what actions you can take to open doors for tomorrow and build a path to Read More…
Rental Agreements and Homeowner’s Associations When you rent an apartment or house, what you can do with your new home is dictated by your Lease Agreement. A Lease Agreement specifies not just how much you pay in rent, but dozens of other restrictions on what you can do, when, and what your landlord can do Read More…
Simple and Living Wills When a person dies, someone gets their stuff. Unfortunately, the question of who can be quite complicated. While every state has laws in place to govern how a person’s assets are distributed if they die, it can be a complicated process for everyone involved and take months, if not years, to Read More…
Employer and Employee Rights and Responsibilities When you start your first job, the number one thing everyone cares about is the salary (or hourly rate). What big bucks will you be earning? You will be surprised to find that this number is just a small part of the total compensation package offered by most employers. Read More…
Charitable Giving Setting aside some money for charitable giving is an important part of every budget or spending plan. Charitable organizations are essential to helping people in need and cannot function without regular contributions from the public. Types of Charitable Giving Charitable giving has many forms, but the essential concept is that it is a Read More…
This is a sample lease, with all terms normally included except the base rental cost. Lease Terms QUIET ENJOYMENT: Tenant shall be entitled to quiet enjoyment of the Premises and Landlord will not interfere with that right, as long as Tenant pays the rent in a timely manner and performs all other obligations under this Read More…
Investing 101 Learn more about investing with our 10-chapter Beginner’s Investing Course! Chapter 1 Introduction To Investing Chapter 2 How and Why The Stock Market Works Chapter 3 Making Your First Trade Chapter 4 Building Your $100,000 Portfolio Chapter 5 Now That I Own It, What Should I Do? Chapter 6 Fundamental Analysis – Understanding Read More…
Stock Screener Stock Screener by TradingView
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Investing 101 – Final Vocabulary Quiz Complete the final vocabulary quiz. Click ‘CONTINUE TO EXAM’ to start the exam for this chapter. Continue To Final Exam
Investing 101 – Chapter 9 Vocabulary Quiz Complete the following short vocabulary quiz. Click ‘CONTINUE TO EXAM’ to start the exam for this chapter. Continue To Exam
Investing 101 – Chapter 8 Vocabulary Quiz Complete the following short vocabulary quiz. Click ‘CONTINUE TO EXAM’ to start the exam for this chapter. Continue To Exam
Investing 101 – Chapter 7 Vocabulary Quiz Complete the following short vocabulary quiz. Click ‘CONTINUE TO EXAM’ to start the exam for this chapter. Continue To Exam
Investing 101 – Chapter 6 Vocabulary Quiz Complete the following short vocabulary quiz. Click ‘CONTINUE TO EXAM’ to start the exam for this chapter. Continue To Exam
Investing 101 – Chapter 5 Vocabulary Quiz Complete the following short vocabulary quiz. Click ‘CONTINUE TO EXAM’ to start the exam for this chapter. Continue To Exam
Investing 101 – Chapter 4 Vocabulary Quiz Complete the following short vocabulary quiz. Click ‘CONTINUE TO EXAM’ to start the exam for this chapter. Continue To Exam
Investing 101 – Chapter 3 Vocabulary Quiz Complete the following short vocabulary quiz. Click ‘CONTINUE TO EXAM’ to start the exam for this chapter. Continue To Exam
Investing 101 – Chapter 2 Vocabulary Quiz Complete the following short vocabulary quiz. Click ‘CONTINUE TO EXAM’ to start the exam for this chapter. Continue To Exam
Investing 101 – Chapter 1 Vocabulary Quiz Complete the following short vocabulary quiz. Click ‘CONTINUE TO EXAM’ to start the exam for this chapter. Continue To Exam
8-10 ESG Investing ESG Investing means investing not only on the fundamental and technical aspects of a stock, but also the social and environmental impacts of how the business is run. “ESG” means “Environmental, Social, and Corporate Governance” – a measure of sustainability and social impact of a business. What is ESG Investing? ESG Investing Read More…
6-11 Resources This chapter is one of the most important resources you will find when it comes down to actually researching stocks. Understanding how to conduct a basic read of financial statements and some of the key ratios we have covered is essential to comparing different companies in the same industry apples-to-apples. Before we move Read More…
1-08 Commodities So far, we have talked about what the average “retail investor” thinks about when investing – bank accounts, stocks, bonds, and mutual funds. But the world is a big place, and there are bigger ways to invest! Besides the stock market, the biggest investment markets in the world are for commodities – raw Read More…
Financial Literacy Post-Test This is our Post-Test to evaluate your financial literacy. This test is designed to be taken near the end of a financial literacy course. This test is not usually for a grade for your class – it is used generally to evaluate the “ending point” for students at the end of a Read More…
Financial Literacy Pre-Test This is our Pre-Test to evaluate your financial literacy. This test is designed to be taken near the beginning of a financial literacy course.
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Spreadsheets – Using Spreadsheets to compare loans You finally made the big decision – you are going to buy a car. You did your research and the test drives – you found 3 cars that you really like, from three different dealerships. You really love them all – but at the end of the day, Read More…
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Compound Interest Calculator! The first thing to consider with all personal finance is the idea of compound interest! This is what separates the “Piggy Bank” savers from the Warren Buffets; making use of interest compounding is how you can really make your savings grow! If you have already used our Investment Return Calculator, you can Read More…
Advanced Investment Return Calculator! Find out the difference between Simple and Compound Interest! See how big an impact your tax rates and inflation have on your savings over time! If you have already used our Becoming A Millionaire Calculator, you can use your targeted Expected Investment Return numbers in this calculator to see how to Read More…
Saving To Be A Millionaire! Want to be a millionaire? Everyone does, but do you know how much you need to save and what rate of return you need to get on your investments to reach that million level? This financial calculator helps you learn how your savings grows over time and how sensitive your Read More…
Home Budget Calculator! Most people think that the difficult part of personal finance is building your monthly budget and sticking to it. There are tons of different expenses and payments to consider, so we put all the big ones in one place! This tool will also help you see exactly how much you can set Read More…
Credit Card Payment Calculator! Credit Cards! These are usually the first “loans” a person takes out, and the first monthly payments! Tens of thousands of young people dig themselves deep into credit card debt before they even realize it, so have fun with this payments calculator to see how much these bits of plastic REALLY Read More…
Buy Vs Lease Calculator! The biggest expense most people have is the place they live. One of the biggest decisions young people face is whether to buy their home, or continue to rent. Conventional wisdom says that buying will pay off in the long-term, but believe it or not, this is not always the case! Read More…
Car Loan Calculator! The first BIG purchase many people make is when they buy their first car. This calculator will help show the impact of many of the biggest factors people need to consider when taking out their first loan for a big purchase. If you have used our Credit Card Payment Calculator to see Read More…
Net Worth Calculator! Knowing your net worth is the first step towards growing it! This tool will help you organize your assets in one place, and even help project how they will grow in the future. If you have used our home budgeting calculator to help see where you can improve your savings, the next Read More…
Net Present Value Calculator! Use this calculator to find Net Present Value, based off expected annual growth, cash flow over a variable number of years, and separations of cash flow between investments and operations. This calculator will help you determine the attractiveness of a company by seeing how much it would be worth if you Read More…
Accounting Regulation and Ethics Professional accountants are vital to our economy and society. Accountants ensure the effective use of resources by recommending ways to reduce cost, increase revenue, and mitigate risk. The accountancy profession is only as good as the quality of service provided by its members. The regulatory environment of the accounting industry seeks Read More…
The accounting cycle is a series of steps that businesses take to track transactions and consolidate financial information over a specific accounting period (month, quarter, year). The end result of the accounting cycle is the production of accurate financial statements for that period and preparedness for the next accounting period.
Cost Accounting The field of accounting is typically divided into two areas, financial accounting and cost (or managerial) accounting. Whereas the purpose of financial accounting is to report the results and position of a business to external parties, cost accounting focuses on internal reporting for the purpose of improving managerial decision making. This means that Read More…
Creating Financial Statements A company’s financial statements give investors, managers, and other “users” a complete, honest look at its financial health. Finished financial statements follow a standardized format, letting investors compare different companies in the same industry apples-to-apples. For the company’s financial reporting team, this presents a challenge – every business’s internal operations are different, Read More…
Asset Valuation – How to value an asset through their financials Every asset has a value that is always changing. So, what factors affect this change? Things such as earnings announcements, financial ratios, and recent news all go into the movement of an asset’s valuation. The key with all asset valuation is that ratios and Read More…
What is Solvency? Understanding financial solvency is as important to an investor as it is to a financial manager. Whether it’s having the money to pay off a friendly wager or having the capital to pay off a commercial loan, being solvent is necessary to achieve long-term success. Solvency is the possession of assets in Read More…
Ownership and Dividends Why own a stock? Owning a share in a company means that you are an integral part of the puzzle that helps the company tick. Whether Facebook (FB) or Amazon (AMZN), your investment has made you a part of the company. There are many caveats that come with being a part owner Read More…
Managerial Accounting Accounting is often defined as the backbone of any corporation or business. Without the numbers explaining the day-to-day operation, it’s tough to tell how well or how poorly said company is doing. In order to simplify accounting as a whole, it is easiest to split it into two separate definitions. On one side, Read More…
The Love of Money: Audits and Fraud The love of money… A Case of Fraud at LocatePlus Holdings Corporation In business, greed comes most frequently not in the pursuit of profit but in the form of financial fraud. Individuals who lack or loosen their ethical restraints often rationalize their behavior as unavoidable or good-intentioned. But, Read More…
Corporate Debt Do you ever wonder how companies have the money to build new stores, develop new products, or perhaps even buy another company? Usually companies do not keep enough cash for these transactions sitting in their bank account – it needs to be raised from outside investors. There are two main ways a company Read More…
A cash budget is used internally by management to estimate cash inflows (receipts) and outflows (disbursements) of cash during a period and the cash balance at the end of a period. In other words, a cash budget is a plan for an organization to obtain and use resources over a specific period of time. This means an organization must have an idea of where their money is coming from and how it should be spent.
Cash flow is a concept in accounting that refers to the spending or receiving of cash by an organization. For a given period, cash flow is calculated by ending cash balance less starting cash balance.
Operating ratios are a class of ratios that are meant to analyze how well a company is using their assets. Specifically, these ratios show how well a company utilizes its assets to create revenue.
Issuing Stock and Dividends Big corporations are very powerful entities that can possess more capital than some countries in the world. However, every company begins as a small start-up business. These businesses grow with the injections of capital, both from the founders and from other investors. Going Public At one point, a company’s plans become Read More…
Payroll Best Practices Most the taxes paid are through paychecks, so a large part of payroll accounting is properly accounting for all taxes. Most people are familiar with their annual personal tax return, but payroll tax filing works a bit differently. Payroll is run weekly, bi-weekly, monthly, or even semi-monthly, so for each pay cycle, Read More…
GAAP – Accounting Gains and Losses Revenue and Gains are related fields related to the income a company receives. The main difference between them is the source of the income. Revenue Revenue represents income earned by the firm through the primary goods and/or services provided. It is the income earned from the firm’s operating activities. For Read More…
GAAP – Accounting Revenue and Expenses One of the first challenges auditors and regulators faced when developing the Generally Accepted Accounting Principles (GAAP) was trying to standardize how companies account for their revenues and expenses. Before GAAP, companies had (more or less) free reign on how and when revenue and expenses were reported, leading to Read More…
Accounting for Liabilities Every firm needs capital to purchase assets like inventory, land, and equipment. They also need cash to help manage expenses such as paying employees. How do companies raise the money they need to run their businesses? The answer is through a mix of liabilities (borrowing money) and equity (selling shares of ownership Read More…
GAAP – Accounting for Assets Facets of Assets How much is someone worth? One way to think about it could be to add up assets, or everything a person owns that holds financial value. First, think of everyday items like cash, a car, a computer, and perhaps money stored in a savings or investment account. Read More…
GAAP – Accounting for Equity The Basic Accounting Equation says that Assets – Liabilities = Equity Equity (stockholders’ equity, owners’ equity, etc.) is the claim shareholders of a company have on assets once the liabilities have been satisfied. Equity on the Balance Sheet There are five critical entries on a balance sheet related to equity: retained earnings, Read More…
GAAP – Purpose, Framework, and Terms What are the objectives of financial statements? How can accountants best meet these objectives? These are the very questions that the Federal Accounting Standards Board (FASB) set out to address in 1976 when they began developing the conceptual framework. FASB’s goal was to identify the objectives and concepts that Read More…
Financial Analysis – A “Check-up” for a Business Every year or two, most of us go to the doctor’s office to receive a check-up on the state of our physical health. The doctor typically checks several measurements (height, weight, blood pressure, etc.) in order to gauge how our health has progressed over the past year. Read More…
Starting a Career in Accounting More students than ever are interested in a career in accounting. So, where do you begin? What do you need in order to become a successful accountant? How can you market yourself in the accounting world to stand out among employers? This is a broad overview of what you can Read More…
Futures Contracts are a standardized, transferable legal agreement to make or take delivery of a specified amount of a certain commodity, currency, or an asset at the end of specified time frame. The price is determined when the agreement is made.