Business, Management, and Administration, Grade 9 - 12, Business Finance, 2009
1.) Utilize research results to analyze current events, laws, and regulations to determine their impact on the global financial market.
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2.) Explain costs of manufacturing related to raw materials, labor, overhead, and operating expenses.
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3.) Explain personnel costs incurred in a business.
Examples: recruiting costs, hiring costs, training costs, fringe benefits
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4.) Compare currency standards and valuations in a global economy.
• Analyzing the value of the dollar over time for the factors that affect fluctuation
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5.) Explain methods used by companies to screen individuals for employment or promotion.
Examples: drug test, credit check, background check, workplace proficiency
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6.) Determine career and entrepreneurial opportunities, responsibilities, and educational and credentialing requirements related to business finance professions.
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7.) Use cost-efficient technologies to perform job functions in the financial industry.
Examples: financial software, computer numeric keypad, spreadsheets, income tax software, Internet
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8.) Compare funding sources for new and expanding businesses.
Examples: private funding, venture capital, personal loans, grants
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9.) Determine the effect of the mark-up rate on the price of an item.
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10.) Apply payroll procedures to manage employee and employer payroll registers, taxes, and earnings records.
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11.) Appraise the value of inventory to determine production and selling costs.
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12.) Apply basic accounting equation to assets, liabilities, and owner's equity.
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13.) Determine the impact of revenue and expenses on net income and loss.
• Analyzing inflation rates to determine how they affect interest rates
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14.) Interpret balance sheets and income statements to determine standard financial ratios.
Examples: inventory turnover, average collection period, fixed-asset turnover, total assets turnover, return on total assets, return on equity
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15.) Demonstrate accounting procedures for preparing balance sheets and income statements.
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16.) Compare logistical costs of ground, air, and water shipping.
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17.) Analyze statistical data to determine mean, mode, median, frequency, and probability.
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18.) Interpret statistical data related to finance using bar, line, and circle graphs.
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19.) Critique various customer payment methods and the impact of each to determine effective business practices.
Examples: credit card, debit card, cash
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20.) Utilize management and financial skills to develop a business plan.
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