Courses of Study: Business, Management, and Administration

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.

2.) Explain costs of manufacturing related to raw materials, labor, overhead, and operating expenses.

3.) Explain personnel costs incurred in a business.

Examples: recruiting costs, hiring costs, training costs, fringe benefits

4.) Compare currency standards and valuations in a global economy.

•  Analyzing the value of the dollar over time for the factors that affect fluctuation
5.) Explain methods used by companies to screen individuals for employment or promotion.

Examples: drug test, credit check, background check, workplace proficiency

6.) Determine career and entrepreneurial opportunities, responsibilities, and educational and credentialing requirements related to business finance professions.

7.) Use cost-efficient technologies to perform job functions in the financial industry.

Examples: financial software, computer numeric keypad, spreadsheets, income tax software, Internet

8.) Compare funding sources for new and expanding businesses.

Examples: private funding, venture capital, personal loans, grants

9.) Determine the effect of the mark-up rate on the price of an item.

10.) Apply payroll procedures to manage employee and employer payroll registers, taxes, and earnings records.

11.) Appraise the value of inventory to determine production and selling costs.

12.) Apply basic accounting equation to assets, liabilities, and owner's equity.

13.) Determine the impact of revenue and expenses on net income and loss.

•  Analyzing inflation rates to determine how they affect interest rates
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

15.) Demonstrate accounting procedures for preparing balance sheets and income statements.

16.) Compare logistical costs of ground, air, and water shipping.

17.) Analyze statistical data to determine mean, mode, median, frequency, and probability.

18.) Interpret statistical data related to finance using bar, line, and circle graphs.

19.) Critique various customer payment methods and the impact of each to determine effective business practices.

Examples: credit card, debit card, cash

20.) Utilize management and financial skills to develop a business plan.