Financial Literacy in the Classroom

SAF, with the support of Genworth Canada, will once again be offering high school students the opportunity to develop confidence and competence in making financial decisions by offering supports and resources to prepare students to test and challenge their knowledge of personal finance and wealth management by participating in the 2018 Financial Literacy Competition (FLC).

Competition Date: May 30, 2018

Format: 75 multiple choice questions to be completed in 70 minutes

Delivery: In class, online between 8:00 am - 12:00 pm

Eligibility: Open to ALL grade 9 and 10 business studies students (currently enrolled or previously completed).

Last Day to Register: Teachers must register their class or club by Friday May 25, 2018 at 11am EDT. Students must register in their class by Tuesday May 29, 2018 at 5pm EDT.

Reward and recognition: Each participating school will receive a ranked listing of their individual student participants and an overall school ranking. All participants will receive a Certificate of Achievement. The top scoring students will be awarded and recognized through scholarships and prizes and will be invited to participate in an experiential learning opportunity at which time the awards will be presented. Students are eligible for scholarship and prizes on their first attempt of the FLC only.

Review the complete description of contest rules, terms and conditions.

Interested in finding out more? Visit http://uwsaf.mapleserver.com/uwsaf/ to start exploring our resources.

Questions about Financial Literacy in the Classroom and the Financial Literacy Competition can be directed to saf-flc@uwaterloo.ca.

Background

In response to the 2010 Ministry of Education Working Group on Financial Literacy report that identified the importance of financial literacy education in supporting the success of all students, the School of Accounting and Finance (SAF) has established the Financial Literacy Competition to assist in educating and promoting financial responsibility.

This is an exciting opportunity for secondary school teachers to engage their students to test and challenge their knowledge in personal finance and wealth management, as well as generating interest in furthering their studies in the areas of accounting, finance, and business. The FLC:

provides an incentive for secondary school students to learn more about personal and business finance
assists secondary schools in delivering and integrating financial literacy education into the Ontario curriculum
fosters the interest of secondary school students in the disciplines of finance, accounting, and business
creates a talented pool of secondary school students who will be confident in their financial security and well-being in dealing with an increasingly complex world of finance

About the FLC

The FLC has been developed in collaboration with Business Studies teachers within the Waterloo Region and Waterloo Catholic District school boards and is currently offered to Grade 9 and 10 business students in public and Catholic schools across Canada.

Content of contest

Most of the competition questions are based on the Business Studies curriculum for Grades 9 and 10 and will cover the following topics:

Income Management and Budgeting
Banking
Investing
Credit
Economics
Accounting

Preparing for the FLC

To supplement your classroom learning and provide additional preparation for competition success, we offer the following resources:

6 introductory quizzes, one for each topic area noted above
2 self-guided activities designed to get students engaged in planning their financial futures

You can access these resources at http://uwsaf.mapleserver.com/uwsaf/.

When you feel your students are ready for more challenge, register for the competition by completing the registration link at the URL noted above. Registration will provide you with access to 6 challenge quizzes, one for each topic area noted above, as further support and preparation for the competition.

Recognition

Names of the top 3 winning students and their teachers along with the top 3 performing schools will be posted on this website and at http://uwsaf.mapleserver.com/uwsaf/.

Media releases will be sent to the top 3 winning students and their teacher and the top 3 performing schools to allow each school, the School of Accounting and Finance and Genworth Canada, our sponsor, the opportunity to draft stories and/or news articles for promotional purposes.

2017 Financial Literacy Competition Winners

Congratulations to the 2017 FLC student winners!

Kelly Wang, Sir John A. MacDonald (87%) – recipient of $2,500 tuition certificate for the School of Accounting and Finance, Accounting and Financial Management (AFM) program at the University of Waterloo
Teacher: Maria Pegg
Luka Mrkovic – Newmarket High School (83%) - recipient of $1,500 tuition certificate for the School of Accounting and Finance, Accounting and Financial Management (AFM) program at the University of Waterloo
Teacher: Joan Richardson
Michelle Cao – Bayview Secondary School (81%) and Tom Jiale Tian – Vaughan Secondary School (81%) recipients of $1,000 tuition certificate for the School of Accounting and Finance, Accounting and Financial Management (AFM) program at the University of Waterloo.

Top performing schools in the FLC

Top performing schools were determined by calculating total score for all competition competitors within the school by 10, even if the school chose not to register 10 competitors.