State-Approved Technical Skill Assessments Skill Asses... · State-Approved Technical Skill...

State-Approved Technical Skill Assessments 7/1/2014

Pathway: Securities & InvestmentCluster: Finance

CLUSTER/

PATHWAY/

PROGRAM

CERTIFICATION /

ASSESSMENT

TITLE

TYPEISSUING

ORGANIZATION

WEBSITEPlease report broken

web links

ELIGIBILITY

REQUIREMENTS /

PREREQUISITES

ADMINISTRA-

TION

ELIGIBILITY(Written, Oral,

Practical, etc.)

PASSING

SCORECOST COMMENTS

Business

Education

(Cluster)

Business

Financial

Management

Academic

Assessment

NOCTI http://www.nocti.org/Bl

ueprintCategoryLinks.cfm

?category=Finance

Broad-based

pathway assessment

that verifies student

mastery of the

knowledge and skills

in business financial

management.

Online National

Norm

$19/ post

test; $31

pretest/postt

est

Pathway

Assessment-

104 item

multiple choice

exam

Business

Education

(Cluster)

Financial and

Investment

Planning

Academic

Assessment



?category=Finance

Broad-based

pathway assessment


mastery of the


in financial and

investment

planning.

Online National

Norm

$19/ post

test; $31

pretest/postt

est

Pathway

Assessment-

110 item

multiple choice

exam

● For use at SECONDARY For use at SECONDARY For use at SECONDARY For use at SECONDARY

mailto:[email protected]?subject=BROKEN%20WEBLINK%20ON%20PATHWAY



NOCTI Testing

Information for

Consortia

Leaders and/or

Testing

Coordinators

NOCTI TESTING

AGREEMENT

Each institution/

consortium should have a

Testing Coordinator who

contacts NOCTI to obtain

assessment exams,

proctoring information,

data management needs,

and other important

functions. Click here for

getting started:

http://www.nocti.org/ge

ttingstarted.cfm

Business

Education

(Cluster)

Accelerated

Business and

Management

Administration

Program-of-

Study (3 credit)

Academic

Assessment

MBA Research http://www.mbaresearch

.org/index.php/assessme

nt-center/program-of-

study

Program-of-Study

(End-of-Program)

assessments are

similar to A*S*K

assessments, but

are based on

performance

indicators

specifically selected

for high-school

coursework and do

not include a

certification option.

Online 70% $8 pre-test;

$10 post-test

100 item

multiple choice

exam; Each

program area

has multiple

versions

available for

each specialty

area depending

on the length

and scope of

each

individualized

CTE program.

http://www.nocti.org/gettingstarted.cfm












Business

Education

(Cluster)

Accelerated

Business and

Management

Administration

Program-of-

Study (4 credit)

Academic

Assessment




study

Program-of-Study

(End-of-Program)

assessments are

similar to A*S*K

assessments, but

are based on

performance

indicators


for high-school

coursework and do

not include a


Online,

multiple

choice

70% $8 pre-test;

$10 post-test

100 item

multiple choice

exam;

Addresses same

content as the

corresponding

three-credit

exam, plus

content

pertaining to

leadership skills

and personal

finance.

Securities &

Investments

Accelerated

Finance

Program-of-

Study (3 credit)

Academic

Assessment




study

Program-of-Study

(End-of-Program)

assessments are

similar to A*S*K

assessments, but

are based on

performance

indicators


for high-school

coursework and do

not include a


Online,

multiple

choice

70% $8 pre-test;

$10 post-test

100 item

multiple choice

exam; Each

program area

has multiple

versions

available for

each specialty

area depending

on the length

and scope of

each

individualized

CTE program.

Securities &

Investments

Accelerated

Finance

Program-of-

Study (4 credit)

Academic

Assessment




study

Program-of-Study

(End-of-Program)

assessments are

similar to A*S*K

assessments, but

are based on

performance

indicators


for high-school

coursework and do

not include a


Online,

multiple

choice

70% $8 pre-test;

$10 post-test

100 item

multiple choice

exam;

Addresses same

content as the

corresponding

three-credit

exam, plus

content

pertaining to

leadership skills

and personal

finance.

MBA Research

in cooperation

with NOCTI

Each program area has

multiple versions

available for each

specialty area depending

on the length and scope

of each individualized

CTE program.

Business

Education

(Cluster)

Business and

Computer

Technology

Academic

Assessment

CareerTech http://www.okcareertec

h.org/about/state-

agency/divisions/testing/

skills-standards/finance-

skills-standards

Online 70% $12 per

exam

40 item

multiple choice

exam;

estimated

assessment

time-up to

1 hour

Business

Education

(Cluster)

Financial

Literacy

Academic

Assessment


h.org/about/state-



skills-standards

Online 70% $12 per

exam

40 item

multiple choice

exam;

estimated

assessment

time-up to

1 hour

CareerTech

Testing

Information for

Consortia

Leaders and/or

High School

Testing

Coordinators

CareerTech TESTING

AGREEMENT

Each institution/



contacts CareerTech to

obtain assessment

exams, proctoring

information, data

management needs, and

other important


the CareerTech Testing

Agreement form:

http://www.okcareertec

h.org/about/state-

agency/divisions/testing

Securities &

Investments

Financial &

Investment

Planning

Academic

Assessment



?category=Finance

Broad-based

pathway assessment


mastery of the



management.

Online National

Norm

$19/ post

test; $31

pretest/postt

est

Pathway

Assessment-

104 item

multiple choice

exam

Securities &

Investments

Business

Financial

Management

Academic

Assessment



?category=Finance

Broad-based

pathway assessment


mastery of the



management.

Online National

Norm

$19/ post

test; $31

pretest/postt

est

Pathway

Assessment-

104 item

multiple choice

exam

● For use at POSTSECONDARY For use at POSTSECONDARY For use at POSTSECONDARY

NOCTI Testing

Information for

Consortia

Leaders and/or

Testing

Coordinators

NOCTI TESTING

AGREEMENT

Each institution/



contacts NOCTI to obtain

assessment exams,

proctoring information,

data management needs,

and other important


getting started:

http://www.nocti.org/ge

ttingstarted.cfm

Securities &

Investments

Accelerated

Business and

Management

Administration

Program-of-

Study (3 credit)

Academic

Assessment




study

Program-of-Study

(End-of-Program)

assessments are

similar to A*S*K

assessments, but

are based on

performance

indicators


for introductory

coursework and do

not include a


Online 70% $8 pre-test;

$10 post-test

100 item

multiple choice

exam; Each

program area

has multiple

versions

available for

each specialty

area depending

on the length

and scope of

each

individualized

CTE program.













Securities &

Investments

Accelerated

Business and

Management

Administration

Program-of-

Study (4 credit)

Academic

Assessment




study

Program-of-Study

(End-of-Program)

assessments are

similar to A*S*K

assessments, but

are based on

performance

indicators


for introductory

coursework and do

not include a


Online,

multiple

choice

70% $8 pre-test;

$10 post-test

100 item

multiple choice

exam;

Addresses same

content as the

corresponding

three-credit

exam, plus

content

pertaining to

leadership skills

and personal

finance.

Securities &

Investments

Accelerated

Finance

Program-of-

Study (3 credit)

Academic

Assessment




study

Program-of-Study

(End-of-Program)

assessments are

similar to A*S*K

assessments, but

are based on

performance

indicators


for introductory

coursework and do

not include a


Online,

multiple

choice

70% $8 pre-test;

$10 post-test

100 item

multiple choice

exam; Each

program area

has multiple

versions

available for

each specialty

area depending

on the length

and scope of

each

individualized

CTE program.

Securities &

Investments

Accelerated

Finance

Program-of-

Study (4 credit)

Academic

Assessment




study

Program-of-Study

(End-of-Program)

assessments are

similar to A*S*K

assessments, but

are based on

performance

indicators


for introductory

coursework and do

not include a


Online,

multiple

choice

70% $8 pre-test;

$10 post-test

100 item

multiple choice

exam;

Addresses same

content as the

corresponding

three-credit

exam, plus

content

pertaining to

leadership skills

and personal

finance.

Securities &

Investments

A*S*K Finance Certification

Assessment

MBA Research/

ASK Business

Institute

http://www.nocti.org/Ce

rtificateProgram-ASK.cfm

Industry-based

certificate program

that defines the

skills and requisite

knowledge for

success in the

business

community.

Online 70% for

certified high

achiever;

90% for

certified high

achiever,

examplary

performance

$14.00 for

pre-test;

$20.00 for

post-test.

Certificates will

be issued for

those students

meeting or

exceeding the

cut scores.

MBA Research/

ASK Business

Institute

Not-for-profit, research-

based support for all

Business Administration

educators:

entrepreneurship,

finance, hospitality,

management/administrat

ion, and marketing.

http://www.nocti.org/CertificateProgram-ASK.cfm

http://www.nocti.org/CertificateProgram-ASK.cfm

Securities &

Investments

Financial

Literacy

Academic

Assessment


h.org/about/state-



skills-standards

Online 70% $12 per

exam

40 item

multiple choice

exam;

estimated

assessment

time-up to

1 hourCareerTech

Testing

Information for

Consortia

Leaders and/or

High School

Testing

Coordinators

CareerTech TESTING

AGREEMENT

Each institution/



contacts CareerTech to

obtain assessment

exams, proctoring

information, data

management needs, and

other important


the CareerTech Testing

Agreement form:

http://www.okcareertec

h.org/about/state-

agency/divisions/testing

Common Core Competencies 7/1/2014

Pathway: Securities and InvestmentCluster: Finance

SecondaryPost-

secondary

e.g., Recognize relationships among numbers.

e.g., Employ mathematical operations.

e.g., Perform computations successfully.

e.g., Predict reasonable estimations.

e.g., Recognize patterns and mathematical relations.

e.g., Use algebraic symbols to represent, solve, and analyze

mathematical problems.

e.g., Create mathematical models from real-life situations.

e.g., Represent changes in quantities mathematically.

e.g., Determine rate of change mathematically.

e.g., Interpret graphical and numerical data.

MEASURE 01.01.03 Utilize statistical

analysis skills to make business

decisions.

Y Y e.g., Employ appropriate statistical methods in data analysis.

e.g., Develop and evaluate inferences and predictions.

e.g., Apply basic concepts of probability.

e.g., Identify problem-solving techniques.

e.g., Apply a variety of problem-solving strategies.

e.g., Adjust problem-solving strategies, when needed.

e.g., Distinguish between economic goods and services.

e.g., Explain the concept of economic resources.

INDICATOR 01.01 Solve mathematical

problems to obtain information for

decision making in finance.

MEASURE 01.01.04 Perform data

analysis to make business decisions.

MEASURE 01.01.05 Use problem-

solving techniques to evaluate the

accuracy of mathematical responses in

finance.

Y=Essential; N=Not Essential; O=Optional

TOPIC 1: ACADEMIC FOUNDATIONS - Achieve additional academic knowledge and skills required to pursue the full range of career and postsecondary education

opportunities within the Finance career cluster.

PERFORMANCE INDICATOR PERFORMANCE MEASURE

COMMON CORE

COMPETENCIESConsensus among

work group

COMMENTS

MEASURE 01.01.01 Use numbers and

operations in finance.

MEASURE 01.01.02 Apply algebraic

skills to make business decisions.

Y Y

O Y

Y Y

Y Y

MEASURE 01.02.01 Discuss economic

concepts impacting finance.

INDICATOR 01.02 Discuss the economic

principles and concepts fundamental to

financial operations.

Y Y



SecondaryPost-

secondary





COMMON CORE


work group

COMMENTS

e.g., Describe the concepts of economics and economic activities.

e.g., Determine economic utilities created by business activities.

e.g., Explain the principles of supply and demand.

e.g., Describe the functions of prices in economic systems.

Comment from Business/Industry: Foundationally essential

e.g., Explain the role of business in society.

e.g., Describe types of business activities.

e.g., Explain the organizational design of businesses.

e.g., Discuss the global environment in which businesses operate.

e.g., Describe factors that affect the business environment.

e.g., Explain how organizations adapt to today's markets.

Comment from Business/Industry: Foundationally essential

e.g., Explain the types of economic systems.

e.g., Explain the concept of private enterprise.

e.g., Identify factors affecting a business's profit.

e.g., Determine factors affecting business risk.

e.g., Explain the concept of competition.

e.g., Describe market structures.

e.g., Determine the relationship between government and

business.

e.g., Describe the nature of taxes.

e.g., Discuss the nature of monetary policy.

MEASURE 01.02.01 Discuss economic

concepts impacting finance.




MEASURE 01.02.04 Explain the impact

of government on business activities.

MEASURE 01.02.02 Explain the nature

of business.

MEASURE 01.02.03 Describe economic

systems.

Y Y

Y Y

Y Y

Y Y



SecondaryPost-

secondary





COMMON CORE


work group

COMMENTS

e.g., Discuss the supply and demand for money.

e.g., Explain the role of the Federal Reserve System.

e.g., Explain the concept of fiscal policies.

e.g., Describe the effects of fiscal and monetary policies.

Comment from Business/Industry: Change is good; don't have to

analyze; describe is good.

e.g., Explain the concept of productivity.

e.g., Explain the concept of organized labor and business.

e.g., Explain the impact of the law of diminishing returns.

e.g., Describe the concept of economies of scale.

e.g., Describe the concept of price stability as an economic

measure.

e.g., Discuss the measure of consumer spending as an economic

indicator.

e.g., Discuss the impact of a nation's unemployment rates.

e.g., Explain the concept of Gross Domestic Product.

e.g., Describe the economic impact of inflation on business.

e.g., Explain unemployment and inflation tradeoffs.

e.g., Explain the economic impact of interest-rate fluctuations.

e.g., Determine the impact of business cycles on business activities.




MEASURE 01.02.04 Explain the impact

of government on business activities.

MEASURE 01.02.06 Describe economic

indicators impacting financial decision-

making.

MEASURE 01.02.05 Understand

cost/profit relationships in finance.

Y Y

Y Y

Y Y



SecondaryPost-

secondary





COMMON CORE


work group

COMMENTS

Comment from Business/Industry: Emphasize global awareness;

even main street today is affected.

e.g., Explain the nature of globalization.

e.g., Describe the determinants of exchange rates and their effects

on the domestic economy.

e.g., Discuss the impact of cultural and social environments on

global trade.

e.g., Explain labor issues associated with global trade.

MEASURE 02.01.01 Select the most

appropriate reading strategy for

identifying the overarching purpose of a

text.

Y Y e.g., Skimming reading for most important aspect of financial

data.

MEASURE 02.01.02 Demonstrate use of

content technical concepts and

vocabulary when analyzing information

and following directions.

Y Y

MEASURE 02.01.03 Interpret transcribe

and communicate information data and

observations to apply information

learned from reading to actual practice.

Y Y




INDICATOR 02.01 Select and use

appropriate reading and communication

strategies to learn and use technical

concepts and vocabulary in practice.

TOPIC 2: COMMUNICATIONS/ WORKPLACE-BUSINESS COMMUNICATIONS - Use oral and written communication skills in creating, expressing and interpreting

information and ideas including technical terminology and information.

MEASURE 01.02.07 Determine global

trade’s impact on business decision-

making.

Y Y



SecondaryPost-

secondary





COMMON CORE


work group

COMMENTS

MEASURE 02.02.01 Employ verbal skills

when obtaining and conveying

information.

Y Y

MEASURE 02.02.02 Record information

needed to present a report on a given

topic or problem.

Y Y

MEASURE 02.02.03 Write internal and

external business correspondence that

conveys and/or obtains information

effectively.

Y Y

MEASURE 02.02.04 Communicate with

other employees to clarify workplace

objectives.

N Y Comment from Business/Industry: Should also be essential at

secondary; they can demonstrate this skills with their peers.

MEASURE 02.02.05 Communicate

effectively with customers and

employees to foster positive

relationships.

N Y Comment from Business/Industry: Should also be essential at

secondary; they can demonstrate this skills with their peers.

MEASURE 02.03.01 Locate written

information used to communicate with

co-workers and customers.

N Y

MEASURE 02.03.02 Organize

information to use in written and oral

communications.

Y Y

MEASURE 02.03.03 Reference the

sources of information.Y Y

MEASURE 02.04.01 Review and apply

information sources for occupational

readiness.

Y Y e.g., Informational texts Internet web sites and/or technical

materials.

INDICATOR 02.02 Demonstrate use of

the concepts strategies and systems for

obtaining and conveying ideas and

information to enhance communication

in the workplace.

INDICATOR 02.03 Locate organize and

reference written information from

various sources to communicate with co-

workers and clients/customers/other

stakeholders.

INDICATOR 02.04 Evaluate and use

information resources to accomplish

specific occupational tasks.



SecondaryPost-

secondary





COMMON CORE


work group

COMMENTS

MEASURE 02.04.02 Evaluate the

reliability of information.Y Y e.g., Informational texts Internet Web sites and/or technical

materials and resources.

INDICATOR 02.05 Use correct grammar

punctuation and terminology to write

and edit documents.

MEASURE 02.05.01 Use correct

grammar punctuation and terminology

to write and edit documents.

Y Y

MEASURE 02.06.01 Prepare oral

presentations to provide information for

specific purposes and audiences.

Y Y

MEASURE 02.06.02 Identify and

prepare support materials that will

enhance an oral presentation.

Y Y

MEASURE 02.06.03 Deliver an oral

presentation that sustains audience

attention and interest.

Y Y

MEASURE 02.06.04 Implement multi-

media strategies for presentations.Y Y (e.g. Internet website, You-Tube)

INDICATOR 02.07 Interpret verbal and

nonverbal cues/behaviors to enhance

communication with co-workers and

clients/customers/other stakeholders.

MEASURE 02.07.01 Be aware and

sensitive to verbal and nonverbal

behaviors when communicating with

peers, clients and co-workers.

O Y Comment from Business/Industry: Communicating with clients is

critical!

MEASURE 02.08.01 Interpret a given

verbal message/information.Y Y

MEASURE 02.08.02 Respond with

restatement and clarification techniques

to clarify information.

Y Y

INDICATOR 02.04 Evaluate and use

information resources to accomplish

specific occupational tasks.

INDICATOR 02.08 Apply active listening

skills to obtain and clarify information.

INDICATOR 02.06 Develop and deliver

formal and informal presentations using

appropriate media to engage and inform

audiences.



SecondaryPost-

secondary





COMMON CORE


work group

COMMENTS

INDICATOR 02.09 Develop and interpret

tables charts and figures to support

written and oral communications.

MEASURE 02.09.01 Create and

interpret tables, charts and figures to

support written and oral

communications.

Y Y

INDICATOR 02.10 Listen to and speak

with diverse individuals to enhance

communication skills.

MEASURE 02.10.01 Demonstrate and

apply factors and strategies for

communicating with a diverse

workforce.

N Y

INDICATOR 02.11 Exhibit public

relations skills to increase internal and

external customer/client satisfaction.

MEASURE 02.11.01 Communicate

effectively when developing positive

relationships with customers, clients and

peers.

Y O Comment from Postsecondary: Job-specific

Comment from Business/Industry: Essential, particularly at entry-

level

MEASURE 03.01.01 Analyze elements of

a problem to develop creative solutions. Y Y

MEASURE 03.01.02 Use problem-

solving critical thinking and creativity

skills to improve a situation or process.

Y Y e.g., Ideas proposals and solutions.

MEASURE 03.01.03 Generate new and

creative ideas to solve problems.Y Y

MEASURE 03.01.04 Critically analyze

information to determine value to the

problem-solving task.

N Y

INDICATOR 03.01 Use critical thinking

skills independently and in teams to

solve problems and make decisions.

TOPIC 3: PROBLEM-SOLVING AND CRITICAL THINKING - Solve problems using critical thinking skills (analyze, synthesize, and evaluate) independently and in teams.

Solve problems using creativity and innovation.



SecondaryPost-

secondary





COMMON CORE


work group

COMMENTS

MEASURE 03.02.01 Determine best

options/outcomes for conflict resolution

using critical thinking skills.

Y O Comment from Postsecondary: Job-specific

Comment from Business/Industry: Conflict resolution is a critical

skill. We have ongoing training for all employees in this area;

problems move up to manager if need to work on skill.

MEASURE 03.02.02 Resolve conflicts

with/for customers using conflict

resolution skills.

N O Comment from Postsecondary: Job-specific

MEASURE 03.02.03 Implement conflict

resolution skills to address staff

issues/problems.

N O

MEASURE 03.03.01 Write realistic

performance goals objectives and action

plans.

N Y

MEASURE 03.03.02 Monitor

performance goals and adjust as

necessary.

N Y

MEASURE 03.03.03 Communicate goal

achievement.N Y

MEASURE 03.04.01 Gather information

and data using a variety of resources.Y Y

MEASURE 03.04.02 Analyze and

evaluate information and data for value

to the research objectives.

Y Y

INDICATOR 03.02 Employ critical

thinking and emotional intelligence to

resolve conflicts with staff and/or

customers.

INDICATOR 03.03 Identify write and

monitor workplace performance goals

to guide progress in assigned areas of

responsibility and accountability.

INDICATOR 03.04 Conduct technical

research to gather information

necessary for decision-making.



SecondaryPost-

secondary





COMMON CORE


work group

COMMENTS

MEASURE 04.01.01 Manage personal

schedules and contact information using

electronic tools.

N Y Comment from Postsecondary: Example is electronic calendar.

Comment from Business/Industry: Recommend "essential" at both

secondary & postsecondary. It is an expectation in the workplace.

No specification recommendation for the best tool; employees

should use the electronic tool that works best for them to get the

work done.

MEASURE 04.01.02 Create business

correspondence.Y Y

INDICATOR 04.02 Use technological

tools to expedite workflow.

MEASURE 04.02.01 Use information

technology tools to manage and

perform work responsibilities.

Y Y

MEASURE 04.03.01 Use electronic mail

applications to communicate within a

workplace.

Y Y

MEASURE 04.03.02 Utilize Internet

applications to perform workplace tasks.Y Y

MEASURE 04.03.03 Utilize writing and

publishing applications to prepare

business communications/ documents.

Y O Comment from Postsecondary: Publishing software is optional;

PDF is required.

Comment from Business/Industry: Depends on job.

MEASURE 04.03.04 Utilize presentation

applications to prepare presentations.Y Y Comment from Business/Industry: An entry-level worker does not

have to presentations.

MEASURE 04.03.05 Use spreadsheet

applications to organize and manipulate

data.

Y Y

TOPIC 4: INFORMATION TECHNOLOGY APPLICATIONS - Use information technology tools specific to the career cluster to access manage integrate and create

information.

INDICATOR 04.01 Use Personal

Information Management (PIM)

applications to increase workplace

efficiency.

INDICATOR 04.03 Use information

technology tools to access manage

integrate and create information.



SecondaryPost-

secondary





COMMON CORE


work group

COMMENTS

MEASURE 04.03.06 Use database

applications to manage data. O Y Comment from Business/Industry: Recommend "essential" for

both secondary & postsecondary. Job specific skill but still know

how to do.

MEASURE 04.03.07 Use

collaborative/groupware applications to

facilitate group work.

O Y e.g. Google, other open source software

MEASURE 04.03.08 Use computer

operations applications to manage work

tasks.

Y Y

Comment from Business/Industry: Based on industry experience.

e.g., Explain the need for entrepreneurial discovery.

e.g., Discuss entrepreneurial discovery processes.

e.g., Assess global trends and opportunities.

e.g., Determine opportunities for venture creation.

e.g., Assess opportunities for venture creation.

e.g., Describe idea-generation methods.

e.g., Generate venture ideas.

e.g., Determine feasibility of venture ideas.

e.g., Describe entrepreneurial planning considerations.

e.g., Explain tools used by entrepreneurs for venture planning.

e.g., Assess start-up requirements.

e.g., Assess risks associated with venture.

MEASURE 05.01.02 Develop concept

for new finance venture.

INDICATOR 05.01 Discuss the concepts,

processes, and skills used to identify

new ideas, opportunities, and methods

and to create or start a new finance

project or venture.

MEASURE 05.01.01 Utilize

entrepreneurial discovery strategies in

finance.

N

N O

INDICATOR 04.03 Use information

technology tools to access manage

integrate and create information.

TOPIC 5: SYSTEMS - Understand roles within teams, work units, departments, organizations, inter-organizational systems, and the larger environment. Identify

how key organizational systems affect organizational performance and the quality of products and services. Understand global context of industries and careers.

O



SecondaryPost-

secondary





COMMON CORE


work group

COMMENTS

e.g., Describe external resources useful to entrepreneurs during

concept development.

e.g., Assess the need to use external resources for concept

development.

e.g., Describe strategies to protect intellectual property.

e.g., Use components of business plan to define venture idea.

Comment from Business/Industry: Different focus --business

bankers are "essential"; entry-level work "not essential".

e.g., Describe processes used to acquire adequate financial

resources for venture creation/start-up.

e.g., Select sources to finance venture creation/start-up.

e.g., Explain factors to consider in determining a venture's human-

resource needs.

e.g., Explain considerations in making the decision to hire staff.

e.g., Describe considerations in selecting capital resources.

e.g., Identify capital resources needed for the venture.

e.g., Assess the costs/benefits associated with resources.

e.g., Use external resources to supplement entrepreneur's

expertise.

e.g., Explain the complexity of business operations.

e.g., Evaluate risk-taking opportunities.

e.g., Explain the need for business systems and procedures.

e.g., Describe the use of operating procedures.

e.g., Explain methods/processes for organizing workflow.

MEASURE 05.01.03 Determine needed

resources for a new finance venture.

MEASURE 05.01.04 Actualize new

finance venture.

MEASURE 05.01.02 Develop concept

for new finance venture.





project or venture.

N

N O

N O

O



SecondaryPost-

secondary





COMMON CORE


work group

COMMENTS

e.g., Develop and/or provide product/service.

e.g., Use creative problem-solving in business activities/decisions.

e.g., Explain the impact of resource productivity on venture

success.

e.g., Create processes for ongoing opportunity recognition.

e.g., Develop plan to invest resources into improving current

products or creating new ones.

e.g., Adapt to changes in business environment.

e.g., Explain the concept of accounting.

e.g., Explain the need for accounting standards (GAAP).

e.g., Discuss the role of ethics in accounting.

e.g., Explain the use of technology in accounting.

e.g., Explain legal considerations for accounting.

e.g., Describe the nature of cash flow statements.

e.g., Prepare cash flow statements.

e.g., Explain the nature of balance sheets.

e.g., Describe the nature of income statements.

e.g., Explain the role of finance in business.

e.g., Discuss the role of ethics in finance.

e.g., Explain legal considerations for finance.

e.g., Discuss trends in the current financial environment (i.e.,

consolidation, regulatory burden, role of technology, and

globalization).

MEASURE 05.01.04 Actualize new

finance venture.





project or venture.

Y

O Y

Y Y

OMEASURE 05.02.02 Implement

accounting procedures for tracking

money flow and determining financial

status.

INDICATOR 05.02 Analyze accounting

systems to examine their contribution to

the fiscal stability of businesses.

N O

INDICATOR 05.03 Describe tools,

strategies, and systems used to

maintain, monitor, control, and plan the

use of financial resources.

MEASURE 05.03.01 Describe the nature

and scope of finance.


and scope of accounting.



SecondaryPost-

secondary





COMMON CORE


work group

COMMENTS

e.g., Explain the nature of positive customer relations.

e.g., Demonstrate a customer-service mindset.

e.g., Explain management's role in customer relations.

e.g., Discuss the nature of customer relationship management.

e.g., Explain the role of ethics in customer relationship

management.

e.g., Describe the use of technology in customer relationship

management.

e.g., Discuss customer relationship management as a key factor to

success in the finance industry.

e.g., Explain trends in customer relationship management that

impact finance.

e.g., Identify quality-control measures.

e.g., Utilize quality control methods at work.

e.g., Describe crucial elements of a quality culture.

e.g., Describe the role of management in the achievement of

quality.

e.g., Establish efficient operating systems.

e.g., Establish efficient operating systems.

Y

INDICATOR 05.04 Utilize customer

relations techniques and strategies to

foster positive, ongoing relationships

with finance customers.


and scope of customer relationship

management in finance.

N O

INDICATOR 05.05 Plan, monitor, and

control day-to-day activities to enable

continued functioning in finance.

MEASURE 05.05.01 Implement quality-

control processes in finance.N

N

MEASURE 05.04.01 Foster positive

relationships with finance customers.

O



SecondaryPost-

secondary





COMMON CORE


work group

COMMENTS

INDICATOR 06.01 Implement safety,

health, and environmental controls in

finance.

INDICATOR 06.01 Implement safety,

health, and environmental controls in

finance.

N O

Comment from Business/industry: "Describe" roles of leaders is

essential for both secondary & postsecondary.

e.g., Contribute ideas; share in building an organization; act as role

models to employees by adhering to company policies procedures

and standards; promote the organization’s vision; and mentor

others.

MEASURE 07.01.02 Exhibit personal

and interpersonal skills appropriate to

the workplace.

Y Y

MEASURE 07.02.01 Model leadership

and teamwork qualities.Y N

MEASURE 07.02.02 Identify and explain

best practices for successful team

functioning.

Y N

MEASURE 07.03.01 Promote the

involvement and use of team members'

individual talents and skills.

O YINDICATOR 07.03 Use teamwork skills

to achieve collective goals and use team

members' talents effectively.

TOPIC 7: LEADERSHIP AND TEAMWORK - Use leadership and teamwork skills in collaborating with others to accomplish organizational goals and objectives.

TOPIC 6: SAFETY, HEALTH AND ENVIRONMENTAL - Understand the importance of health, safety, and environmental management systems in organizations and

their importance to organizational performance and regulatory compliance. Follow organizational policies and procedures and contribute to continuous

improvement in performance and compliance.

MEASURE 07.01.01 Describe the

various roles of leaders within

organizations.

O Y

INDICATOR 07.02 Use organizational

and staff development skills to develop

positive working relationships and

accomplish organizational goals.

INDICATOR 07.01 Demonstrate

interpersonal skills to accomplish

organizational goals and objectives.



SecondaryPost-

secondary





COMMON CORE


work group

COMMENTS

MEASURE 07.03.02 Take responsibility

for shared group and individual work

tasks.

Y Y

MEASURE 07.03.03 Assist team

members in completing their work.Y Y Comment from Business/Industry: Not encouraged; rather

"everybody" is stressed. . .everybody has a job to complete;

teamwork; collective goals.

MEASURE 07.03.04 Adapt effectively to

changes in projects and work activities.Y Y

e.g., Effective networking.

Comment from Business/Industry: Professionalism is encouraged.

"Linked In" is allowed at work; not "Face Book" "Twitter Handle"

e.g., Use positive interpersonal skills to work cooperatively with co-

workers representing different cultures genders and backgrounds.

e.g., Manage personal skills to accomplish assignments.

e.g., Treat people with respect.

e.g., Provide constructive praise and criticism.

e.g., Demonstrate sensitivity to and value for diversity.

e.g., Manage stress and control emotions.

MEASURE 07.05.01 Develop meeting

goals objectives and agenda.O O

MEASURE 07.05.02 Participate meeting

to achieve objectives within scheduled

time.

O Y

INDICATOR 07.05 Participate in

meetings to accomplish work tasks.

N YINDICATOR 07.04 Establish and

maintain effective working relationships

with all levels of personnel and other

departments in order to accomplish

objectives and tasks.

MEASURE 07.04.01 Establish and

maintain effective working relationships

with all levels of personnel and other

departments in order to accomplish

objectives and tasks.

INDICATOR 07.03 Use teamwork skills

to achieve collective goals and use team

members' talents effectively.



SecondaryPost-

secondary





COMMON CORE


work group

COMMENTS

MEASURE 07.05.03 Demonstrate

effective communication skills in

meetings.

O Y

e.g., Respect the privacy of others.

e.g., Explain ethical considerations in providing information.

e.g., Protect confidential information.

e.g., Determine information appropriate to obtain from a client or

another employee.


of business ethics.N Y

MEASURE 08.01.03 Manage internal

and external business relationships in

finance.

N Y e.g., Treat others fairly at work.

MEASURE 08.01.04 Understand the

financial regulatory environment of

United States’ business laws.

N Y

e.g., Explain types of business ownership.

e.g., Select form of business ownership.

e.g., Explain the nature of tax regulations on business.

e.g., Explain the nature of businesses' reporting requirements.

e.g., Explain federal legislation impacting the finance industry

(e.g., Gramm-Leach-Bliley Act, Sarbanes-Oxley Act, Uniform

Commercial Code, etc.).

e.g., Discuss the effect of tax laws and regulations on financial

transactions.

MEASURE 08.01.05 Determine form of

business ownership.

MEASURE 08.01.06 Discuss tax laws and

regulations.Y

INDICATOR 07.05 Participate in

meetings to accomplish work tasks.

TOPIC 8: ETHICS AND LEGAL RESPONSIBILITIES - Know and understand the importance of professional ethics and legal responsibilities.

INDICATOR 08.01 Know and abide by

laws, regulations, and ethical behavior

that affect finance operations and

transactions.

N

Y

Y

MEASURE 08.01.01 Explain ethical

actions in obtaining and providing

finance information.

MEASURE 08.01.07 Describe

government regulation of the finance

industry.

Y

O O

Y



SecondaryPost-

secondary





COMMON CORE


work group

COMMENTS

Comment from Business/Industry: Essential for both secondary &

postsecondary - need to know.

e.g., Discuss the nature and scope of compliance in the finance

industry.

e.g., Describe the use of technology in compliance.

e.g., Explain the role of business ethics in compliance.

e.g., Identify desirable personality traits important to business.

e.g., Exhibit a positive attitude.

e.g., Exhibit self-confidence.

e.g., Demonstrate interest and enthusiasm.

e.g., Demonstrate initiative.

e.g., Foster positive working relationships.

e.g., Assess personal interests and skills needed for success in

business.

e.g., Analyze employer expectations in the business environment.

e.g., Explain the rights of workers.

e.g., Identify sources of career information.

e.g., Identify tentative occupational interest.

e.g., Explain employment opportunities in business.

e.g., Describe techniques for obtaining work experience (volunteer

activities internships).

e.g., Explain the need for ongoing education as a worker.

INDICATOR 08.01 Know and abide by

laws, regulations, and ethical behavior

that affect finance operations and

transactions.

MEASURE 08.01.08 Discuss the nature

and scope of compliance in finance.

O NMEASURE 09.01.01 Recognize personal

traits and behaviors to foster career

development.

INDICATOR 09.01 Explore obtain and

develop strategies for ensuring a

successful business career.

O

Y N

N Y

TOPIC 9: EMPLOYABILITY AND CAREER DEVELOPMENT - Know and understand the importance of employability skills. Explore plan and effectively manage careers.

Know and understand the importance of entrepreneurship skills.

N

MEASURE 09.01.02 Participate in career-

planning to enhance job-success

potential.

MEASURE 09.01.03 Utilize career-

advancement activities to enhance

professional development.



SecondaryPost-

secondary





COMMON CORE


work group

COMMENTS

e.g., Explain possible advancement patterns for jobs.

e.g., Identify skills needed to enhance career progression.

e.g., Utilize resources that can contribute to professional

development (trade journals/periodicals professional/trade

associations).

e.g., Explain forms of financial exchange (cash, credit, debit,

electronic funds transfer, etc.).

e.g., Identify types of currency (paper money, coins, banknotes,

government bonds, treasury notes, etc.).

e.g., Describe functions of money (medium of exchange, unit of

measure, store of value).

e.g., Describe sources of income (wages/salaries, interest, rent,

dividends, transfer payments, etc.).

e.g., Explain the time value of money.

e.g., Explain the purposes and importance of credit.

e.g., Explain legal responsibilities associated with financial

exchanges.

e.g., Explain the nature of financial needs (e.g., college, retirement,

wills, insurance, etc.).

e.g., Set financial goals.

e.g., Develop personal budget.

e.g., Explain the need to save and invest.


postsecondary - need to know.


finances to achieve financial goals.

TOPIC 10: TECHNICAL SKILLS - Use the technical knowledge and skills required to pursue the targeted careers for all pathways in the Finance career cluster

including knowledge of design operation and maintenance of technological systems critical to the career cluster.

MEASURE 10.01.01 Discuss the

fundamental principles of money.

MEASURE 10.01.02 Analyze personal

financial needs and goals.

INDICATOR 10.01 Maintain, control,

and plan the use of financial resources

to protect solvency.

INDICATOR 09.01 Explore obtain and

develop strategies for ensuring a

successful business career.

O

Y

Y Y

Y Y

Y

NMEASURE 09.01.03 Utilize career-

advancement activities to enhance

professional development.



SecondaryPost-

secondary





COMMON CORE


work group

COMMENTS

e.g., Explain the nature of tax liabilities.

e.g., Interpret a pay stub.

e.g., Read and reconcile bank statements.

e.g., Maintain financial records.

e.g., Demonstrate the wise use of credit.

e.g., Validate credit history.

e.g., Protect against identity theft.

e.g., Prepare personal income tax forms (i.e., 1040 EZ).

e.g., Describe types of financial-services providers.

e.g., Discuss considerations in selecting a financial-services

provider.

e.g., Explain types of investments.

e.g., Explain the nature of capital investment.

e.g., Establish investment goals and objectives.

e.g., Obtain insurance coverage.

e.g., Identify speculative business risks.

e.g., Explain the nature of risk management.

e.g., Explain the purposes and importance of obtaining business

credit.

e.g., Analyze critical banking relationships.

e.g., Make critical decisions regarding acceptance of bank cards.

e.g., Determine financing needed for business operations.


finances to achieve financial goals.

MEASURE 10.01.07 Obtain business

credit and control its use.N Y

Y Y

N Y

MEASURE 10.01.04 Describe the use of

financial-services providers.

MEASURE 10.01.05 Explain business

investment strategies.

MEASURE 10.01.06 Identify potential

business financial threats and

opportunities to protect a business’s

financial well-being.




Y Y

Y Y



SecondaryPost-

secondary





COMMON CORE


work group

COMMENTS

e.g., Identify risks associated with obtaining business credit.

e.g., Explain sources of financial assistance.

e.g., Explain loan evaluation criteria used by lending institutions.

e.g., Complete loan application package.

e.g., Describe the nature of budgets.

e.g., Explain the nature of operating budgets.

e.g., Describe the nature of cost/benefit analysis.

e.g., Determine relationships among total revenue, marginal

revenue, output, and profit.

e.g., Develop company's/department's budget.

e.g., Forecast sales.

e.g., Calculate financial ratios.

e.g., Interpret financial statements.

e.g., Describe types of financial statement analysis (e.g., ratio

analysis, trend analysis, etc.).

e.g., Spot problems in/issues with financial statements.

e.g., Describe the role of financial institutions.

e.g., Explain types of financial markets (i.e., money markets,

securities markets, property market, market for risk transfer).


of assets’ values.Y Y e.g., Discuss factors that affect the value of an asset (e.g., cash

flows, growth rate, timing, inflation, interest rate, opportunity cost,

and risk and required return).

MEASURE 10.01.07 Obtain business

credit and control its use.

MEASURE 10.01.08 Manage financial

resources to ensure solvency.


importance of financial markets in

business.

Y Y

Y Y

N Y






SecondaryPost-

secondary





COMMON CORE


work group

COMMENTS

e.g., Describe sources of securities information.

e.g., Read/Interpret securities table.

e.g., Describe the financial needs of a business at different stages

of its development.

e.g., Discuss factors to consider in choosing between debt and

equity capital.

e.g., Explain the significance of a firm's capital structure.

Comment from Business/Industry: Basic teller confidentiality

e.g., Describe the need for financial information.

e.g., Explain the nature and scope of the financial-information

management function.

e.g., Explain the role of ethics in financial-information

management.

Comment from Business/Industry: Balance sheet literacy -

financial analysis

e.g., Describe the need to accurately report a business's financial

position.

e.g., Describe the relationship between accounting (with an

emphasis on cash flow) and finance (with an emphasis on decision-

making).

e.g., Discuss types of accounting systems used to report a

business's financial position (i.e., financial, tax, management, cost,

accrual).

e.g., Describe the use of technology in the financial-information


e.g., Demonstrate data mining techniques.

e.g., Demonstrate budgeting applications.

INDICATOR 10.02 Access and

disseminate financial information to

assist business decision-making.


nature and scope of financial-

information management.


importance of accurately reporting a

business’s financial position.

MEASURE 10.02.03 Utilize financial-

information technology tools.

MEASURE 10.01.11 Research sources of

securities information to make informed

financial decisions.

MEASURE 10.01.12 Use debt and equity

capital to raise funds for business

growth.

N Y




Y

N Y

Y

O Y

Y Y



SecondaryPost-

secondary





COMMON CORE


work group

COMMENTS

e.g., Demonstrate financial analysis applications.

e.g., Demonstrate advanced database applications.

Comment from Postsecondary: Essential for Securities &

Investments; Not essential for Business Finance

e.g., Explain the nature and scope of the product/service


e.g., Identify the impact of product life cycles on business decisions.

e.g., Explain the use of technology in the product/service


e.g., Discuss business ethics in product/service management.

Comment from Postsecondary: Essential for Securities &

Investments; Not essential for Business Finance

e.g., Explain the concept of financial product/service mix.

e.g., Describe the nature of financial product/service bundling.

e.g., Identify financial product/service to fill a customer need.

e.g., Explain the role of ethics in risk management.

e.g., Describe the use of technology in risk management.

e.g., Discuss legal considerations affecting risk management.

e.g., Discuss the relationship between risk and business objectives.

e.g., Understand a risk management program.

e.g., Explain a risk management program.


and scope of risk management in

finance.

INDICATOR 10.02 Access and

disseminate financial information to

assist business decision-making.


and scope of product/service

management.

MEASURE 10.03.02 Develop a financial

product/service mix.

INDICATOR 10.03 Obtain, develop,

maintain, and improve a financial

product or service mix in order to

respond to market opportunities.

INDICATOR 10.04 Employ financial risk-

management strategies and techniques

used to minimize business loss.

MEASURE 10.04.02 Use risk

management techniques in finance.

MEASURE 10.02.03 Utilize financial-

information technology tools.

N O

N Y

N Y

Y Y

N O



SecondaryPost-

secondary





COMMON CORE


work group

COMMENTS

e.g., Discuss the nature of risk control (i.e., internal and external).

e.g., Explain ways to assess risk.

e.g., Describe the importance of auditing risk control.

e.g., Discuss risk control systems.

e.g., Explain laws and regulations pertaining to business finance.

e.g., Explain the nature of business taxation.

e.g., Describe regulations and laws governing ownership change

transactions.

MEASURE 11.01.02 Explain the role of

the U.S. Securities and Exchange

Commission in the regulation of

corporate finance.

O Y e.g., Discuss the impact of the U.S. Securities and Exchange

Commission Division of Corporation Finance on business finance.

Comments on Business/Industry: Including "FDIC"

Comment from Business/Industry: Industry-specific; work within

company: 1) Teller - 6 week training; 2) Personal Banker - possible

w/o two-year degree. With the knowledge & skills, an employee

can advance.

e.g., Discuss the nature of depreciation.

e.g., Describe the nature of cash flows.

MEASURE 10.04.03 Describe risk

control methods in finance.

INDICATOR 10.04 Employ financial risk-


used to minimize business loss.

TOPIC 11: PATHWAY SPECIFIC TECHNICAL SKILLS - BUSINESS FINANCE/ SECURITIES AND INVESTMENT: Use the technical knowledge and skills required to pursue

the targeted careers in the Business Finance/ Securities and Investment career pathway.

Pathway Topic 01: Business Law

INDICATOR 11.01 Describe and abide by

laws and regulations in order to manage

business operations and transactions in

corporate finance.


regulations governing corporate finance.N Y

N Y

Pathway Topic 02: Financial Analysis

INDICATOR 11.02 Maintain, monitor,

control, and plan the use of financial

resources to ensure business stability.


fundamental financial concepts involved

in the management of corporate

finances.

Y Y



SecondaryPost-

secondary





COMMON CORE


work group

COMMENTS

MEASURE 11.02.02 Discuss the need for

efficient capital markets in corporate

finance.

N Y e.g., Explain the role of efficient capital markets in business

finance.

MEASURE 11.02.03 Explore capital

budgeting.N Y e.g., Discuss the capital budgeting process..

e.g., Calculate the initial investment associated with a proposed

capital expenditure.

e.g., Determine operating cash inflows.

e.g., Determine terminal cash flow.

e.g., Discuss the nature of relevant cash flow analysis.

e.g., Explain the nature of the payback period.

e.g., Calculate the payback period.

e.g., Discuss the use of net present value (NPV).

e.g., Explain the relationship between the internal rate of return

and net present value.

e.g., Calculate the net present value (NPV).

e.g., Calculate the internal rate of return (IRR).

e.g., Discuss the financial planning process.

e.g., Discuss the nature of short-term (operating) financial plans.

e.g., Describe the nature of long-term (strategic) financial plans.

e.g., Explain the use of cash budgets.

e.g., Cope with uncertainty in cash budgets.

e.g., Prepare a cash budget.

e.g., Evaluate a cash budget.

e.g., Discuss the use of pro forma statements in profit planning.

e.g., Develop a pro forma income statement.

N Y




MEASURE 11.02.04 Perform

calculations necessary for capital

budgeting decision-making.

N Y

MEASURE 11.02.05 Conduct cash flow

analysis to select an acceptable capital

expenditure.

N Y


financial planning in corporate finance.N Y

MEASURE 11.02.07 Conduct cash

planning.N Y

MEASURE 11.02.08 Prepare pro forma

statements for profit planning.



SecondaryPost-

secondary





COMMON CORE


work group

COMMENTS

e.g., Prepare a pro forma balance sheet.

e.g., Evaluate pro forma statements.

MEASURE 11.02.09 Describe short-term

financial management.N Y e.g., Describe the nature of short-term financial management.

e.g., Discuss the role of project valuation in capital allocation

decisions.

e.g., Discuss methods for valuing flexibility.

e.g., Discuss the valuation implications in business finance.

e.g., Discuss the analysis of a company's financial situation using

its financial statements.

e.g., Discuss external forces affecting a company's value.

e.g., Explain how value is created for a company.

e.g., Analyze a company's financial situation.

Comment from Business/Industry: Trending is critical. Need to

understand "trending" & trends in the economy. It depends on the

occupation/job; so many specialties today - 1) Back room; 2) Front

room people; 3) Analyzing business. Key comments: 1)

Understand your purpose--current, intermediate, long term; 2)

What tools to use - link business & trends - all ratios. Two-year

college requirement or less. e.g., Discuss the use of financial ratios in business finance.

e.g., Determine business liquidity.

e.g., Calculate corporate activity ratios.

e.g., Calculate corporate debt ratios.

e.g., Calculate business profitability.

e.g., Calculate market ratios.

e.g., Discuss the use of benchmarks when analyzing ratios.

N Y


valuation in making appropriate financial

decisions for a company.

N Y

MEASURE 11.02.11 Analyze a

company's financial statements.




MEASURE 11.02.08 Prepare pro forma

statements for profit planning.

O Y

MEASURE 11.02.12 Calculate business

ratios to evaluate company

performance.

O Y



SecondaryPost-

secondary





COMMON CORE


work group

COMMENTS

e.g., Describe bankruptcy prediction models.

Comment from Business/Industry: Issue analysis, stability

management; underwriting

e.g., Discuss ways to determine the best financing option for a

company.

e.g., Determine financing options for a company.

e.g., Discuss the nature of corporate bonds.

e.g., Discuss the cost of long-term debt.

e.g., Determine the cost of long-term debt.

e.g., Discuss the issuance of stock from a corporation.

e.g., Calculate the cost of preferred stock.

e.g., Discuss the cost of common stock.

e.g., Calculate the cost of common stock.

e.g., Explain forms of dividends.

e.g., Explain the nature of dividend reinvestment plans (DRIPs).

e.g., Describe the effect of a firm's dividend decisions on its

external financing requirements.

e.g., Discuss the residual theory of dividends.

e.g., Describe the impact of dividends on the value of the firm.

e.g., Explain the nature of a dividend policy.

e.g., Discuss factors to consider when deciding on the form of

dividend distribution.

e.g., Compare mergers and acquisitions.

e.g., Explain the nature of hostile takeovers.

e.g., Discuss issues that arise from mergers and acquisitions.

MEASURE 11.02.13 Utilize capital

market securities to secure financing for

a company.

N Y


dividends in corporate finance.O Y




MEASURE 11.02.12 Calculate business

ratios to evaluate company

performance.

MEASURE 11.02.15 Analyze ownership

change transactions.N Y

O Y



SecondaryPost-

secondary





COMMON CORE


work group

COMMENTS

e.g., Explain methods for evaluating potential merger/acquisition

targets.

e.g., Evaluate potential merger/acquisition targets.

e.g., Discuss the nature of restructurings.


fundamentals of corporate finance.O Y e.g., Describe the nature of business finance.


postsecondary.

e.g., Discuss business ethics for business finance.

e.g., Discuss corporate responsibility issues in business finance.

e.g., Discuss corporate governance issues in business finance.

e.g., Describe the components of a well-governed company (e.g.

board of directors, reporting, transparency, internal and external

audit functions).


postsecondary.

e.g., Explain the role and responsibilities of financial managers.

e.g., Explain the role and responsibilities of a financial analyst.

e.g., Describe the role and responsibilities of a controller.

e.g., Describe the role and responsibilities of a risk manager.

e.g., Discuss the role and responsibilities of a treasurer.

e.g., Discuss the role and responsibilities of a chief financial officer

(CFO).

MEASURE 11.03.05 Explore corporate

finance licensing and certification

programs.

N O e.g., Explain professional designations in the field of business

finance (e.g. CF, CFA, CCM, CTP, CFM, etc.).




MEASURE 11.02.15 Analyze ownership

change transactions.N Y

Pathway Topic 03: Professional Development

INDICATOR 11.03 Utilize career

planning concepts, tools, and strategies

to explore, obtain, and develop in a

corporate finance career.MEASURE 11.03.02 Discuss the role of

ethics in corporate finance.O Y

MEASURE 11.03.03 Describe the

relationship of corporate governance

and corporate finance.

O Y

MEASURE 11.03.04 Describe careers in

corporate finance.O Y



SecondaryPost-

secondary





COMMON CORE


work group

COMMENTS

e.g., Discuss the relationship between risk management and

business finance.

e.g., Discuss the nature of risk measurement.

e.g., Measure risk.

e.g., Explain the nature of interest rate risk.

e.g., Manage interest rate risk.

e.g., Explain approaches to financial risk management.

e.g., Discuss the use of derivatives in financial risk management.

Pathway Topic 04: Risk Management

INDICATOR 11.04 Understand risk


in corporate finance to minimize

business loss.

MEASURE 11.04.01 Manage risk to

protect a business’s wellbeing.N Y

Technical Skill Assessment Blueprint 7/1/2014


SECONDARYPOST-

SECONDARY

BUSINESS &

INDUSTRY

% of

Assessment

↓

% of

Assessment

↓

% of

Assessment

↓

TOPIC

1

ACADEMIC FOUNDATIONS - Achieve additional academic knowledge and skills

required to pursue the full range of career and postsecondary opportunities

within the Securities and Investment career pathway and the Finance career

cluster.

19% 15% 15%

TOPIC

2

COMMUNICATION - Use oral and written communication skills in creating,

expressing, and interpreting information and ideas including technical

terminology and information.18% 15% 15%

TOPIC

3

PROBLEM-SOLVING AND CRITICAL THINKING - Solve problems using critical

thinking skills (analyze, synthesize, and evaluate) independently and in teams.

Solve problems using creativity and innovation.16% 15% 15%

TOPIC

4

INFORMATION TECHNOLOGY APPLICATIONS - Use information technology tools

specific to Securities and Investment career pathway / Finance career cluster to

access, manage, integrate, and create information.10% 15% 11%

TOPIC

5

SYSTEMS - Understand roles within teams, work units, departments,

organizations, inter-organizational systems, and the larger environment. Identify

how key organizational systems affect organizational performance and the quality

of products and services. Understand global context of industries and careers. 1% 5% 5%

TOPIC

6

SAFETY, HEALTH AND ENVIRONMENTAL - Understand the importance of health,

safety, and environmental management systems in organization.0% 0% 1%

TOPIC

7

LEADERSHIP AND TEAMWORK - Use leadership and teamwork skills in

collaborating with others to accomplish organizational goals and objectives. 10% 10% 10%

TOPIC

8

ETHICS AND LEGAL RESPONSIBILITY - Know and understand the importance of

professional ethics and legal responsibilities.6% 5% 5%

TOPIC

9

EMPLOYABILITY AND CAREER DEVELOPMENT - Know and understand the

importance of employability skills. Explore, plan, and effectively manage careers.

Know and understand the importance of entrepreneurship skills.5% 5% 8%

TOPIC

10

TECHNICAL SKILLS - Use of technical knowledge and skills required to pursue

careers in the Securities and Investment career pathway/ Finance career cluster,

including knowledge of design, operation, and maintenance of technological

systems.

15% 15% 15%

100% 100% 100%

An "assessment blueprint" is a document that indicates the knowledge and skills that will

be covered in an assessment instrument and the percentage of the assessment that will be

devoted to each area of knowledge and skills. The Minnesota assessment blueprints will be

used to review the appropriateness of existing assessments by determining how closely those

assessments match up to what the Securities and Investment career pathway working groups

have determined should be assessed. The assessment blueprints can also be used to guide

the development of new assessments where suitable third-party assessments do not exist.

Minnesota Program of Study

Finance: Securities and Investment Career Pathway

Career Pathway Plan of Study for ►Learners ►Parents ►Counselors ►Teachers/Faculty--Effective Graduates 2015 & Beyond This Career Pathway Plan of Study (based on the Business Finance Pathway of the Finance Career Cluster) can serve as a guide, along with other career planning materials, as learners continue on a career path. Courses listed within this plan are only recommended coursework and should be individualized to meet each learner’s educational and career goals. *This Plan of Study, used for learners at an educational institution, should be customized with course titles and appropriate high school graduation requirements as well as college entrance requirements.

EDU

CA

TIO

N

LEV

ELS

GR

AD

E

English/

Language Arts

Math

Science

Social Studies/

Sciences

Other Required Courses

Other Electives

Recommended Electives

Learner Activities

*Career and Technical Courses

and/or Degree Major Courses for

Business Finance Pathway

SAMPLE Occupations

Relating to This

Pathway

Interest Inventory Administered and Plan of Study Initiated for all Learners

9

English/ Language Arts I

Geometry Earth or Life or Physical Science

Government & Citizenship/ Geography

All plans of study should meet local and state high school graduation requirements and college entrance requirements including art, health, and physical education. Certain local student organization activities such as BPA or DECA are also important for personal growth and leadership development.

• Introduction to Business • Personal Finance * Business Math • Business Finance * Computer Apps.

Occupations Requiring Postsecondary Education ►Entrepreneurship

Occupations Requiring Baccalaureate or Graduate Degree or Work Experience ►Accountants

►Auditors

►Benefits Specialists

► Certified Purchasing Agents

► Chief Revenue Agents

► Client Managers

►Compliance Officers

►Controllers

►Economists

► Financial Analysts

► Real Estate Analysts

► Revenue Agents

►Tax Auditor

►Tax Collectors

10

English/ Language Arts II

Algebra II Biology U.S. History • Accounting I &II • Managing Your Investments • Economics

11

English/ Language Arts III

Probability & Statistics

Chemistry or Physics or CTE Science Equivalent

World History • Business Management • Business Law *Micro/Macro Economics • Business Finance *Financial Algebra College Placement Assessments-Academic/Career Advisement Provided

12

English/ Language Arts IV

Math Elective (e.g., Business Math or other CTE Math Equivalent)

Science Elective (e.g., CTE Science Equivalent)

Economics (Ag. Ed./ Bus. Ed./ Social Studies)

• International Business • College Accounting • Internship – Business Finance

Articulation/Dual Credit Transcripted-Postsecondary courses may be taken/moved to the secondary level for articulation/dual credit purposes.

PO

STSE

CO

ND

AR

Y

Year

1

Required Transfer Curriculum Goals Determined by Local College Program in College Year 1 and Year 2 - Goal 1: Communication; Goal 2: Critical Thinking/Problem-Solving; Goal 3: Natural Science; Goal 4: Mathematical/Logical Reasoning; Goal 5: History and the Social and Behavior Sciences; Goal 6: The Humanities and the Arts; Goal 7: Human Diversity; Goal 8: Global Perspective; Goal 9: Ethical and Civic Responsibility; Goal 10: People and the Environment

All plans of study need to meet learners’ career goals with regard to required degrees, licenses, certifications or journey worker status. Certain local student organization activities such as College BPA or College DECA may also be important to include.

Business Finance (i.e. Investments, Personal Financial Planning)

Year

2

Advanced Business Finance (e.g. Financial Statement Analysis, Corporate Finance)

Year

3

Continue courses in the area of specialization. • Continue Courses in the Area of

Specialization

Year

4

• Complete Business Finance Major (4-year degree program)

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