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Maryland CTE Program of Study

Accounting and Finance

Students begin the program with courses in Principles of Business, Administration, and Management and Principles of Accounting and Finance. Students completing this pathway will be able to demonstrate;
1) knowledge through the ability to recall and to make associations between accounting concept, terminology, procedures, and rules such as double entry accounting, the accounting cycle, forms of business, transaction analysis, accounting principles,
2) comprehension and application through the student’s ability to recognize, explain, and associate elements in an income statement;
3) analysis through a student’s ability to analyze data contained on a balance sheet such as depreciation/amortization/depletion, valuation of inventories, long term liabilities, cash and internal controls, retained earnings, preferred and common stock, liquidity/ solvency/ activity analysis;
4) Analysis and synthesis through a student’s ability to analyze and utilize cash flow information such as operating, financing and investing and;
5) synthesis through a student’s ability to make predictions and/or propose actions based on investments and contingent liabilities

The final two courses in the program focus on Accounting and Finance where students become competent working with business transactions and financial reports. Graduates may earn college credit through articulation agreements with local colleges using a variety of options, such as dual enrollment and credit by exam.

CTE Course Sequence

Principles of Business, Administration, and Management

This is one of two foundation courses required for all pathways in the Business Management and Finance Career Cluster and is essential to all pathways. This course provides a foundational understanding of the role of business in a global society, American business as a dynamic process, forms of business ownership, management concepts, marketing, production and distribution, and accounting and finance.

Principles of Accounting and Finance

This is the second of two foundation courses required for all programs of study in the Business Management and Finance Career Cluster and is essential to all pathways. This course provides students with the knowledge necessary to manage and maintain a company’s financial resources in daily operating decisions. A mastery of fundamental accounting concepts, skills and competencies is essential to making informed business decisions.

Advanced Accounting

This course provides students with accounting knowledge that will prepare them for post-high school levels of education and entry-level positions in the work force. Focus will be on accounting procedures necessary to address long and short-term assets and investments, long and short-term liabilities, inventory management and accounting ratios used in the decision-making process. A comprehensive study of the accounting procedures used in establishing corporations, declaring and paying dividends, the formation and dissolution of partnerships, distribution of net income and owners’ equity statements is included in this course. Students have the option to take the Microsoft Office Specialist (MOS) Excel exam credential.

Accounting and Finance and Entrepreneurship Capstone (CLEP Exam)

Students will apply the knowledge and skills acquired in previous accounting and finance courses to settings through the Accounting and Finance Final Capstone Project. Students will participate in an end-of-course final project that will involve intense problem- solving in accounting and finance. Upon completion, opportunities will be made for students to earn college credit through such methods as articulation agreements with local colleges, dual enrollment and CLEP exams.

Advanced Placement (AP) Economics

AP Economics covers concepts from both micro- and macro-economics. Students gain an understanding of the principles of economics that apply to the functions of individual decision makers, both consumers and producers, within the economic system. The AP course in macroeconomics focuses on economic systems as a whole. The course places particular emphasis on the study of national income and price-level determination, economic performance measures, the financial sector, stabilization policies, economic growth, and international economics. This course may also be split into two half credit courses AP Microeconomics (SCED 04203) and AP Macroeconomics (SCED 04204)

Additional Program Advantages

Program Affiliate

University of Maryland Eastern Shore
Department of Business, Management and Accounting

UMES- Business

Student Organization

DECA

DECA

Student Organization

FBLA

FBLA

Technical Skill Assessment

Microsoft Office Specialist

Technical Skill Assessment

College Board CLEP

CLEP