FINANCE CAREER CLUSTER DESIGN

Transcription

1 FINANCE CAREER CLUSTER DESIGN Business Finance Pathway CIP Code Approved Pathway: 1) Includes minimum of three secondarylevel credits. 2) Includes a workbased element. 3) Consists of a sequence: Introductory-level, Technical-level, and Application-level courses. 4) Supporting documentation include Articulation Agreement(s) and a Program of Study. 5) Technical-level and Application-level courses receive.5 state-weighted funding in an approved CTE pathway. Concentrator Requirement For a student to be a concentrator, at least 2 of 3 required secondary level credits taken must be a combination of technical and application levels. INTRODUCTORY LEVEL (*Required) *Business Essentials credit TECHNICAL LEVEL (*Required) *Accounting credit *Consumer & Personal Finance credit Or *Consumer & Personal Finance B credit Supportive (Optional) Business Economics credit Business Law credit Entrepreneurship credit APPLICATION LEVEL (**1 credit total from a strand is required) Banking Services** Accounting** Securities & Investments** Banking & credit Advanced Accounting credit Investing credit Finance College Accounting*** credit Risk Mgmt & credit Investing credit Insurance Supportive (Optional) Finance Workplace Experience credit * Required course for concentrator and pathway approval ** One credit from at least one strand is required *** When recording a concentrator, AP Accounting would waive the requirement for Accounting at technical level Concentrators will still need at least 1 credit at the technical level Nov. 2009

2 Business Essentials Assessment Form - and Indicators.5 Credit (Minimum) SCED: Name ID Instructor Enrollment Date Completion Date Credits Completed / / / / I certify that the student received the training in the area indicated. School Year Student Signature : Date Instructor Signature: Date Introductory-level course for Business Management and Administration, Hospitality and Tourism, Marketing and Finance Career Clusters (Unfunded) This is a core course designed to give students an overview of the business, marketing and finance career cluster occupations. Students will develop an understanding of how academic skills in mathematics, economics, and written and oral communications are integral components of success in these occupations. Students will examine current events to determine their impact on business and industry and legal and ethical behavior, acquire knowledge of safe and secure environmental controls to enhance productivity, determine how resources should be managed to achieve company goals, and identify employability and personal skills needed to obtain a career and be successful in the workplace. As students learn about different types of business ownership, they will interpret industry laws and regulations to ensure compliance, identify principles of business management, and analyze business practices to determine ethics and social responsibilities. RATING SCALE:3: Skilled, works independently; 2: Competent, may need assistance; 1: Received instruction, skill undeveloped; 0: No exposure, instruction or training. Measured competencies listed should be seen as minimums. reflect standards from National Career Clusters, National Business Education Association and The Council for Economic Education. Topic 1 Academic Foundations Achieve additional academic knowledge and skills required to pursue the full range of career and postsecondary education opportunities within a career cluster. Benchmark 1.01 Examine and employ business and economic principles and concepts in making informed business decisions to continue business operations Analyze fundamental economic concepts necessary for employment in business. Distinguish between economic goods and services Explain the concept of economic resources Describe the concepts of economics and economic activities Determine economic utilities created by business activities Explain the principles of supply and demand Describe the functions of prices in markets Describe the nature of business and its contribution to society. Explain the role of business in society Describe types of business activities Explain the organizational design of businesses Discuss the global environment in which businesses operate Describe factors that affect the business environment Explain how organizations adapt to today's markets Recognize how economic systems influence environments in which businesses function. Explain the types of economic systems Explain the concept of private enterprise Identify factors affecting a business's profit Determine factors affecting business risk Explain the concept of competition Describe market structures Analyze cost/profit relationships to guide business decision-making. Explain the concept of productivity Analyze impact of specialization/division of labor on productivity Explain the concept of organized labor and business Explain the impact of the law of diminishing returns Describe the concept of economies of scale Business Essentials (12050) Approved by KACCTE / 6

3 Business Essentials Assessment Form - and Indicators.5 Credit (Minimum) SCED: Benchmark 1.02 Examine the history of business both in the United States and other international markets Describe the purpose and origin of business within the United States. Discuss the various commodities of trade within the US history Explain the origins of Wall Street Describe the evolution in consumer awareness and buyer relationships Explain the concept of Gross Domestic Product and its development within the United States Analyze the history and importance of trade within a global marketplace. Difference between imports and exports Topic 2 Communications Role of cultures and political systems on the global trade Explain the currency exchanges and how the value fluctuates Use oral and written communication skills in creating, expressing and interpreting information and ideas including technical terminology and information. Benchmark 2.1 Demonstrate use of the concepts, strategies, and systems for obtaining and conveying ideas and information to enhance communication in the workplace Apply verbal skills when obtaining and conveying information. Participate in group discussions Demonstrate open listening when cultivating relationships Share thoughts respectfully while being direct Benchmark Benchmark 2.3 Use correct grammar, punctuation and terminology to write and edit documents. Compose internal and external multi-paragraph documents clearly, succinctly, and accurately to convey and obtain information effectively. Prepare simple written correspondence (e.g. cover letters, memorandums, resumes) Identify the elements of effective written communications Use appropriate etiquette in written communications Write analytical reports (i.e., reports that examine a problem/issue and recommend an action) Write research reports Develop and deliver formal and informal presentations using appropriate media to engage and inform audiences Prepare oral presentations to provide information for specific purposes and audiences. Organize information effectively Select and use appropriate graphic aids Make oral presentations Business Essentials (12050) Approved by KACCTE / 6

4 Business Essentials Assessment Form - and Indicators.5 Credit (Minimum) SCED: Topic 3 Ethics and Legal Responsibilities Know and understand the importance of professional ethics and legal responsibilities. Benchmark 3.1 Describe business's responsibility to know and abide by laws and regulations that affect business operations Describe the nature of legally binding business contracts. Identify the basic torts relating to business enterprises Describe the nature of legally binding contracts Understand the civil foundations of the legal environment of business to demonstrate knowledge of contracts Identify regulatory agencies and regulatory legislation. Describe the nature of legal procedure Discuss the nature of debtor-creditor relationships Explain the nature of agency relationships Discuss the nature of environmental law Discuss the role of administrative law Identify types of business ownership. Explain types of business ownership Select form of business ownership Topic 4 Technical Skills Use the technical knowledge and skills required to pursue the targeted careers for all pathways in the career cluster, including knowledge of design, operation, and maintenance of technological systems critical to the career cluster. Benchmark 4.1 Create, communicate, and deliver value to customers while managing customer relationships Perform customer service activities to support customer relationships and encourage repeat business. Explain a customer-service mindset Respond to customer inquiries and complaints Interpret business policies to customers/clients Understands the techniques and strategies used to foster positiveongoing relationships with customers Utilize technology to facilitate customer relationship management. Understand the nature of customer relationship management Business Essentials (12050) Approved by KACCTE / 6

5 Business Essentials Assessment Form - and Indicators.5 Credit (Minimum) SCED: Topic 5 Emotional Intelligence Benchmark Demonstrate managerial and business ethics. Discuss ethics, responsibility, honesty, integrity, and work habits Develop personal traits and behaviors to foster career advancement. Identify desirable personality traits important to business Topic 6 Entrepreneurship Employ and manage techniques, strategies, and systems used by management to foster self-understanding and enhance business relationships. Exhibit a positive attitude Exhibit self-confidence Demonstrate interest and enthusiasm Demonstrate initiative Foster positive working relationships Participate as a team member Explain the nature of effective communications Benchmark 6.1 Assess entrepreneurship/small-business management-career information to enhance opportunities for career success Analyze entrepreneur careers to determine careers of interest. Discuss entrepreneurial discovery processes Compare individual s abilities, interests, and attitudes with those associated with entrepreneurial success to determine the match between the two. Describe entrepreneurial planning considerations Explain the need for entrepreneurial discovery Assess global trends and opportunities for business ventures Analyze desired lifestyle associated with entrepreneurship Discern between desired benefits and those associated with entrepreneurship Research current business issues and entrepreneurs (e.g., Donald Trump, Martha Stewart, Mark Zuckerberg, Magic Johnson, etc.) Contrast personal characteristics with those associated with entrepreneurial success Examine similarities and differences between personal educational goals and educational requirements for entrepreneurship Business Essentials (12050) Approved by KACCTE / 6

6 Business Essentials Assessment Form - and Indicators.5 Credit (Minimum) SCED: Topic 7 Financial Analysis Benchmark Understand how to maintain, monitor, plan, and control the use of financial resources to protect an entrepreneur and business's fiscal wellbeing. Analyze how proper management of personal finance relates with maintaining Explain forms of financial exchange business financial efficiency. Manage personal finances to achieve financial goals with savings and investing Identify a business's risks Define the accounting equation and how accounting can assist in maintaining financial solvency. Explain the time value of money Explain the purposes and importance of credit Interpret cash-flow statements Monitor business's profitability Develop personal budget Properly maintain a personal financial account (e.g., savings, checking, etc.) Interpret a pay stub Read and reconcile bank statements Maintain financial records Describe sources of income (e.g., wages/salaries, interest, rent, dividends, transfer payments, etc.) EssentialTopic 8 Information Technology Applications Use information technology tools specific to the career cluster to access, manage, integrate, and create information. Benchmark Employ technological tools to expedite workflow. Use information technology tools to manage and perform work responsibilities. Assess information needs Use information literacy skills to increase workplace efficiency and effectiveness Identify ways that technology impacts business Explain the role of information systems Benchmark 8.2 Operate writing and publishing applications to prepare business communications Prepare simple documents and other business communications. Demonstrate basic research skills Evaluate quality and source of information Business Essentials (12050) Approved by KACCTE / 6

7 Business Essentials Assessment Form - and Indicators.5 Credit (Minimum) SCED: Topic 9 Marketing Benchmark 9.1 Manage marketing activities to facilitate business development and growth Understand marketing's role and function in business to facilitate economic exchanges with customers. Plan product mix Determine services to provide customers Explain the role of customer service in positioning/image Analyze factors that contribute to business success Develop strategies to position product/business Acquire foundational knowledge of customer, client, and business behavior to understand what motivates decision-making Explain marketing and its importance in global economy. Identify considerations in implementing international marketing strategies Describe marketing functions and related activities. Identify elements of the marketing mix Topic 10 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. Benchmark Explore, obtain, and develop strategies for ensuring a successful business career Develop personal traits and behaviors to foster career advancement. Discuss appropriate personal appearance Identify the impact business has on local communities. Explain the importance of having a vision through properly setting personal short, mid and long-term goals. Conduct mock interviews using local business representatives as interviewers Use time-management skills Invite guest speakers from represented modules (e.g., accountant, banker, marketer, etc.) to speak with students Tour a large business in the local community Tour a small business in the local business Benchmark Demonstrate skills related to seeking and applying for employment to find and obtain a desired job List the standards and qualifications that must be met in order for entering a business career. Utilize critical thinking and decision-making skills to exhibit qualifications to a potential employer. Explore Kansas Career Pipeline Prepare a resume Prepare a letter of application Complete an employment application Interview for employment Demonstrate problem-solving skills Obtain needed information efficiently Evaluate quality and source of information Apply information to accomplish a task Business Essentials (12050) Approved by KACCTE / 6

8 Accounting (A) 1 Semester /.5 Credit (Minimum) SCED: Technical-level course for Finance Career Cluster Accounting courses introduce and expand upon the fundamental accounting principles and procedures used in businesses. Course content typically includes the full accounting cycle, payroll, taxes, debts, depreciation, ledger and journal techniques, and periodic adjustments. Students may learn how to apply standard auditing principles and to prepare budgets and final reports. Calculators, electronic spreadsheets, or other automated tools are usually used. Advanced topics may include elementary principles of partnership and corporate accounting and the managerial uses of control systems and the accounting process. Utilize accounting tools-strategies-and systems to maintain-monitor-control-and plan the use of financial resources Classify-record-and summarize financial data Discuss the nature of the accounting cycle Demonstrate the effects of transactions on the accounting equation Prepare a chart of accounts Use T accounts Record transactions in a general journal Post journal entries to general ledger accounts Prepare a trial balance Journalize and post adjusting entries Journalize and post closing entries Prepare a post-closing trial balance Prepare work sheets Discuss the nature of annual reports Discuss the use of financial ratios in accounting Determine business liquidity Calculate business profitability Prepare income statements Prepare balance sheets Maintain cash controls. Explain cash control procedures--e.g. signature cards-deposit slips- internal/external controls-cash clearing-etc Prove cash

9 Journalize/post entries to establish and replenish petty cash Journalize/post entries related to banking activities Explain the benefits of electronic funds transfer Prepare bank deposits Prepare purchase requisitions Prepare purchase orders Prepare sales slips Prepare invoices Perform accounting functions specific to a merchandising business. Explain the nature of special journals Record transactions in special journals Perform accounts payable functions to a merchandising business Explain the nature of accounts payable Maintain a vendor file Analyze purchase transactions Post to an accounts payable subsidiary ledger Prepare a credit memorandum for returned goods Process invoices for payment Process accounts payable checks Prepare an accounts payable schedule Perform accounts receivable functions to a merchandising business Explain the nature of accounts receivable Maintain a customer file for accounts receivable Analyze sales transactions Post to an accounts receivable subsidiary ledger Process sales orders and invoices Process sales returns and allowances Process customer payments Prepare customer statements Process uncollectible accounts Prepare an accounts receivable schedule

10 Determine uncollectible accounts receivable Maintain inventory records to track the location-quantity and value of current assets Record inventory usage Process invoice of inventory Process results of inventory Process inventory adjustments Determine the cost of inventory Complete payroll procedures to calculate-record-and distribute payroll earnings Calculate time cards Maintain employee earnings records Calculate employee earnings - e.g. gross earnings - net pay Calculate employee-paid withholdings Prepare a payroll register Record the payroll in the general journal Complete payroll tax expense forms Prepare federal-state-and local payroll tax reports

11 Accounting (B) 1 Semester /.5 Credit (Minimum) SCED: Technical-level course for Finance Career Cluster Accounting courses introduce and expand upon the fundamental accounting principles and procedures used in businesses. Course content typically includes the full accounting cycle, payroll, taxes, debts, depreciation, ledger and journal techniques, and periodic adjustments. Students may learn how to apply standard auditing principles and to prepare budgets and final reports. Calculators, electronic spreadsheets, or other automated tools are usually used. Advanced topics may include elementary principles of partnership and corporate accounting and the managerial uses of control systems and the accounting process. Perform accounting functions specific to a partnership Analyze a partnership agreement Allocate profits and losses to the partners Prepare a statement of partners' equities Prepare a balance sheet for a partnership Perform accounting functions specific to a partnership Explain the nature of special journals Record transactions in special journals Perform accounts payable functions to a partnership Explain the nature of accounts payable Maintain a vendor file Analyze purchase transactions Post to an accounts payable subsidiary ledger Prepare a credit memorandum for returned goods Process invoices for payment Process accounts payable checks Prepare an accounts payable schedule Perform accounts receivable functions to a partnership Explain the nature of accounts receivable Maintain a customer file for accounts receivable

12 Analyze sales transactions Post to an accounts receivable subsidiary ledger Process sales orders and invoices Process sales returns and allowances Process customer payments Prepare customer statements Process uncollectible accounts Prepare an accounts receivable schedule Determine uncollectible accounts receivable Determine suitable internal accounting controls to ensure the proper recording of financial transactions Explain the purpose of internal accounting controls Determine the components of internal accounting control procedures Maintain internal accounting controls Access- process- maintain- evaluate- and disseminate financial information to assist business decision-making Utilize accounting technology Integrate technology into accounting Utilize career planning concepts- tools- and strategies to explore- obtain- and develop in an accounting career Describe careers in accounting Explore accounting licensing and certification programs Discuss the significance of responsibility in accounting Describe Generally Accepted Accounting Principles -- GAAP

13 Version Kansas Human Services Cluster Course: Consumer and Personal Finance CIP Code: Consumer: Family: Course # 22210G Rating Scale: 3 Skilled- Works Independently 2 Limited Skills- Requires Assistance 1 Skill Undeveloped 0 No exposure- No instruction or training Learner: Grade: Teacher: School: Enrolled Date: Completion Date: Graduation Date: Learner Signature Teacher Signature Directions: The following competencies are required for full approval of a course in a Human Services Cluster. Check the appropriate number to indicate the level of competency reached for learner evaluation. Academic Foundations Benchmark: 0.1 Apply reading and writing, math, and science skills in personal, professional, enpreneurial and community situations. (CC K&S ESS01 & 09) Use information to locate, comprehend, make inferences, and draw conclusions. (R1.4.2 ) (CC K&S ESS 01.02) $ Adjust original rational number estimate of a real-world problem based on additional information (a frame of reference). (MHS1.3.A1 ) ($) (CC K&S ESS01.03) Generate and/or solve multi-step real-world problems with real numbers and mathematical concepts. (MHS1.4.A1a,b,d ) ($) (CC K&S ESS01.03) Research, apply, and evaluate information to accomplish tasks. (SC CD 2.1) (CCK&S ESS03.04) $ Apply fundamental knowledge of economics to enhance learner achievement. (EDC ) (CC K&S ESS09.11) $ Communications Benchmark: 0.2 Demonstrate appropriate communication skills that contribute to positive relationships. (*13.3) (21 st ) (CC K&S ESS02) Use appropriate communication strategies for the most effective outcome. (*13.3.1) (CC K&S ESS02.07) (21 st ) (SC P/SD 1.2) (S1.1.5) Demonstrate the use of verbal, listening, and writing skills to communicate clearly. (*13.3.2) (*13.3.3) (CC K&S ESS02.06) (21 st ) Problem Solving, Dilemma Solving, and Critical Thinking Benchmark: 0.3 Apply thinking and problem-solving processes to address personal, professional and community issues.(*1.2) (21 st ) (SC AD 1.2) (CC K&S ESS03) Identify common tasks that require employers to use problem-solving skills. (CC K&S ESS ) Use problem-solving and critical thinking skills to improve a situation or process. (CC K&S ESS ) $ Create ideas, proposals, and solutions to a problem. (CC K&S ESS ) $ Information Technology Applications Benchmark: 0.4 Use technology to access, manage, integrate, and create information. (CC K&S ESS04) Use information technology tools to manage and perform work (school) responsilbities. (*1.2.5) (CC K&S ESS ) Identify and use a variety of web-based tools for real world, global applications involving communication to collect and disseminate information. (CC K&S ESS ) Use technology to locate, analyze, manipulate, and interpret information in a knowledge economy. (CC K&S ESS ) (21 st ) (S5 1.1 ) $ Safety, Health and Environmental Benchmark: 0.5 Evaluate potential hazardous situations to defuse them and determine intervention strategies. (*5.5 & *13.4; **1.5) (CC K&S ESS06) Manage the physical and social environment to reduce conflict and promote safety in settings (i.e. family, work, community, cyberspace). (*13.4.3) (21 st ) (CC K&S ESS06.01) (SC P/SD 3.1) Cross-Walking Key: *National (2006) and **Kansas (2006) Family and Consumer Sciences Standards ($) National Standards for Financial Literacy ( ) Assessed Indicator for Kansas Assessment Tests (R) Kansas Reading Curricular Standards; (MHS) Kansas Mathematics Curricular Standards High School; (W) Kansas Writing Curricular Standards; (SC) Kansas School Counseling Standards; (H-G) Kansas History & Government; Economics & Geography Curricular Standards; (S) Kansas Science Curricular Standards;(CC K&S ESS) Career Cluster Essential Knowledge and Skills; (CC K&S HMC) Career Cluster Human Services Cluster; (CC K&S HMPA) Career Cluster Human Services Pathway Early Childhood (

14 Version Leadership and Teamwork and Ethics and Legal Responsibilities Benchmark: 0.6 Demonstrate leadership, citizenship, and teamwork skills required for success in the family, workplace, and community. (*13.5) (21 st ) (CC K&S ESS07&08) Demonstrate quality work and effective communication by acknowledging diversity and cultural differences. (21 st ) (CC K&S HMC ) Determine the most appropriate response to workplace (school) situations based on legal and ethical considerations. (CC K&S HMC08.01) $ Career Development and Systems Benchmark: 0.7 Analyze strategies to manage the multiple individual, family, career, and/or community roles and responsibilities. (*1.1) (CC K&S ESS09) (21 st ) Organize a career portfolio (electronic or physical) to document knowledge, skills, and experience in a career field. (CC K&S ESS ) Recognize that individual career path has an impact on the national and global community. (CC K&S ESS ) $ Technical Skills COMPREHENSIVE STANDARD: 3.0 Evaluate management practices related to the human, economic, and environmental resources. (**2.0) Benchmark: 3.1 Demonstrate management of time, money, and resources in order to achieve goals. (*2.1) Explain how individuals, families, and business make choices based on scarcity of resources. (*2.1.2) (FCCLA Power of One) ( F.03) 2.A $ Apply management, planning skills, and processes to organize tasks and responsibilities. (*2.1.1) 6.A Demonstrate ability to manage time in order to achieve short-term and long-term goals. (21 st ) 3.A Identify and procedure to access community resources and services available to individuals and families. (SC P/SD 1.1) $ Analyze policies that support consumer rights and responsibilities. (*3.2.4) $ Benchmark: 3.2 Demonstrate management of financial resources to meet the goals of individuals, and families across the life span. (*2.6) ($) (EB5i3 K) Examine the need for economic financial planning across the life span. (*2.6.1 & 3.3.2) (FCCLA Financial Fitness) ($) (21 st ) (H-G) 7.B $ Demonstrate financial skills to meet the basic needs of individuals, families, and business. $ Describe services provided by financial institutions. (*2.6.2) ($) (21 st ) ( F.04) 7.B $ Describe cost/benefit analysis. (*2.6.3)($)(21 st ) ( F.10) 9.B $ Evaluate sources and availability of credit used by individuals and families (*3.3.3). 3.A $ Analyze the costs and benefits of spending, saving, investments, and insurance. (*2.6.4 & & ) ($) (21 st ) (EB5i6 A) 4.C $ Evaluate information about procuring and maintaining health care to meet the needs of individuals,family members, and business. (*2.1.6) $ Identify local, state, and national taxes that impact budgeting. 9.D $ Benchmark: 3.3 Evaluate the impact of technology on the individual and family resources. (*2.4) Identify current and emerging technology that impact individual and family decision-making. (*2.4.1) (21 st ) $ Examine how media (i.e. movies, digital, video, print) impact family and consumer decisions. (*2.4.2 & 3.2.6) (21 st ) (S5.1.1 ) 2.B $ Assess the impact of various forms of advertising on consumer behavior. (*2.4.3) (21 st ) 5.B $ Identify benefits and risks of using technology to individuals and families. 4.E $ Benchmark: 3.4 Analyze interrelationships between the economic system and consumer actions. (*2.5) (EB3i2 A) Identify factors (i.e. social, economic, cultural, and ethical) that affect consumer decisions. (*3.3.1) (H-G) 5.B $ Identify strategies for opportunity costs. 5.A; 6.B $ Demonstrate skills used in seeking information related to consumer rights and responsibilities. (*2.3.3) 4.B $ Practice behavior that reduce the risk of identity theft. (*3.2.5) $ Evaluate state and federal policies and laws providing consumer protection. (*2.3.1) 9.A $ Evaluate how economic decisions made in other industries impact consumer choices. (*3.3.1) $ Conduct SWOT (Strengths, Weakness, Opportunities, Threats) analysis. 6.B $ Cross-Walking Key: *National (2006) and **Kansas (2006) Family and Consumer Sciences Standards ($) National Standards for Financial Literacy ( ) Assessed Indicator for Kansas Assessment Tests (R) Kansas Reading Curricular Standards; (MHS) Kansas Mathematics Curricular Standards High School; (W) Kansas Writing Curricular Standards; (SC) Kansas School Counseling Standards; (H-G) Kansas History & Government; Economics & Geography Curricular Standards; (S) Kansas Science Curricular Standards;(CC K&S ESS) Career Cluster Essential Knowledge and Skills; (CC K&S HMC) Career Cluster Human Services Cluster; (CC K&S HMPA) Career Cluster Human Services Pathway Early Childhood (

15 Version Benchmark: 3.5 Analyze the relationship of the environment to family and consumer resources. (*2.2) Summarize environmental trends and issues that affect families and future generations. (*2.2.1) (H-G) (S6.3) $ Examine behaviors that conserve, reuse, and recycle resources to maintain the environment. (*2.2.3 & 3.4.2) (FCCLA Community Service) (GB5i2 A) (S6.3.1 ) Understand that the environment is altered and effected by consumer behavior. $ Benchmark: 3.6 Analyze the impact of family as a system on individuals and society. (*6.0) ( C10) Examine family as a basic unity of society as it transmits societal expectations. (*6.1.1) (*6.1.2) $ Compare global influences on the family in teaching culture and traditions. (*6.1.3) (*6.1.4) Identify the role of family in developing independence, interdependence, and commitment of family members. (*6.1.5) 10.C $ Additional comments: Cross-Walking Key: *National (2006) and **Kansas (2006) Family and Consumer Sciences Standards ($) National Standards for Financial Literacy ( ) Assessed Indicator for Kansas Assessment Tests (R) Kansas Reading Curricular Standards; (MHS) Kansas Mathematics Curricular Standards High School; (W) Kansas Writing Curricular Standards; (SC) Kansas School Counseling Standards; (H-G) Kansas History & Government; Economics & Geography Curricular Standards; (S) Kansas Science Curricular Standards;(CC K&S ESS) Career Cluster Essential Knowledge and Skills; (CC K&S HMC) Career Cluster Human Services Cluster; (CC K&S HMPA) Career Cluster Human Services Pathway Early Childhood (

16 Version Consumer and Personal Finance B Kansas Human Services Cluster Course: Consumer and Personal Finance B CIP Code: Consumer: Family: Course # #22220 Rating Scale: 3 Skilled- Works Independently 2 Limited Skills- Requires Assistance 1 Skill Undeveloped 0 No exposure- No instruction or training Learner: Cross-Walking Key: *National Family and Consumer Sciences Standards (2008); ($) National Standards for Financial Literacy ( ) Assessed Indicator for Kansas Assessment Tests (R) Kansas Reading Curricular Standards; (MHS) Kansas Mathematics Curricular Standards High School; (W) Kansas Writing Curricular Standards; (SC) Kansas School Counseling Standards; (H-G) Kansas History & Government; Economics & Geography Curricular Standards; (S) Kansas Science Curricular Standards;(CC K&S ESS) Career Cluster Essential Knowledge and Skills; (CC K&S HMC) Career Cluster Human Services Cluster; (CC K&S HMPA) Career Cluster Human Services Pathway Early Childhood ( Grade: Teacher: School: Enrolled Date: Completion Date: Graduation Date: Learner Signature Teacher Signature Directions: The following competencies are required for full approval of a course in a Human Services Cluster. Check the appropriate number to indicate the level of competency reached for learner evaluation. Academic Foundations Benchmark: 0.1 Apply reading and writing, math, and science skills in personal, professional, enpreneurial and community situations. (CC K&S ESS01 & 09) Use information to locate, comprehend, make inferences, and draw conclusions. (R1.4.2 ) (CC K&S ESS 01.02) $ Adjust original rational number estimate of a real-world problem based on additional information (a frame of reference). (MHS1.3.A1 ) ($) (CC K&S ESS01.03) Generate and/or solve multi-step real-world problems with real numbers and mathematical concepts. (MHS1.4.A1a,b,d ) ($) (CC K&S ESS01.03) Research, apply, and evaluate information to accomplish tasks. (SC CD 2.1) (CCK&S ESS03.04) $ Apply fundamental knowledge of economics to enhance learner achievement. (EDC ) (CC K&S ESS09.11) $ Communications Benchmark: 0.2 Demonstrate appropriate communication skills that contribute to positive relationships. (*13.3) (21 st ) (CC K&S ESS02) Use appropriate communication strategies for the most effective outcome. (*13.3.1) (CC K&S ESS02.07) (21 st ) (SC P/SD 1.2) (S1.1.5) Demonstrate the use of verbal, listening, and writing skills to communicate clearly. (*13.3.2) (*13.3.3) (CC K&S ESS02.06) (21 st ) Problem Solving, Dilemma Solving, and Critical Thinking Benchmark: 0.3 Apply thinking and problem-solving processes to address personal, professional and community issues.(*1.2) (21 st ) (SC AD 1.2) (CC K&S ESS03) Identify common tasks that require employers to use problem-solving skills. (CC K&S ESS ) Use problem-solving and critical thinking skills to improve a situation or process. (CC K&S ESS ) $ Create ideas, proposals, and solutions to a problem. (CC K&S ESS ) $ Information Technology Applications Benchmark: 0.4 Use technology to access, manage, integrate, and create information. (CC K&S ESS04) Use information technology tools to manage and perform work (school) responsilbities. (*1.2.5) (CC K&S ESS ) Identify and use a variety of web-based tools for real world, global applications involving communication to collect and disseminate information. (CC K&S ESS ) Use technology to locate, analyze, manipulate, and interpret information in a knowledge economy. (CC K&S ESS ) (21 st ) (S5 1.1 ) $ Safety, Health and Environmental Benchmark: 0.5 Evaluate potential hazardous situations to defuse them and determine intervention strategies. (*5.5 & *13.4; **1.5) (CC K&S ESS06) Manage the physical and social environment to reduce conflict and promote safety in settings (i.e. family, work, community, cyberspace). (*13.4.3) (21 st ) (CC K&S ESS06.01) (SC P/SD 3.1)

17 Version Consumer and Personal Finance B Leadership and Teamwork and Ethics and Legal Responsibilities Benchmark: 0.6 Demonstrate leadership, citizenship, and teamwork skills required for success in the family, workplace, and community. (*13.5) (21 st ) (CC K&S ESS07&08) Demonstrate quality work and effective communication by acknowledging diversity and cultural differences. (21 st ) (CC K&S HMC ) Determine the most appropriate response to workplace (school) situations based on legal and ethical considerations. (CC K&S HMC08.01) $ Career Development and Systems Benchmark: 0.7 Analyze strategies to manage the multiple individual, family, career, and/or community roles and responsibilities. (*1.1) (CC K&S ESS09) (21 st ) Organize a career portfolio (electronic or physical) to document knowledge, skills, and experience in a career field. (CC K&S ESS ) Recognize that individual career path has an impact on the national and global community. (CC K&S ESS ) $ Technical Skills COMPREHENSIVE STANDARD: 3.0 Evaluate management practices related to the human, economic, and environmental resources. (**2.0) Benchmark: 3.1 Demonstrate management of time, money, and resources in order to achieve goals. (*2.1) Explain how individuals, families, and business make choices based on scarcity of resources. (*2.1.2) (FCCLA Power of One) ( F.03) 2.A $ Examine the role of a will and estate planning in resource security. (*7.4.5; 7.5.2)$ Apply management, planning skills, and processes to organize tasks and responsibilities. (*2.1.1) 6.A Demonstrate ability to manage time in order to achieve short-term and long-term goals. (21 st ) 3.A Identify and procedure to access community resources and services available to individuals and families. (SC P/SD 1.1) $ Analyze policies that support consumer rights and responsibilities. (*3.2.4) $ Benchmark: 3.2 Demonstrate management of financial resources to meet the goals of individuals, and families across the life span. (*2.6) ($) (EB5i3 K) Examine the need for economic financial planning across the life span. (*2.6.1 & 3.3.2) (FCCLA Financial Fitness) ($) (21 st ) (H-G) 7.B $ Demonstrate financial skills to meet the basic needs of individuals, families, and business. $ Describe services provided by financial institutions. (*2.6.2) ($) (21 st ) ( F.04) 7.B $ Describe cost/benefit analysis. (*2.6.3)($)(21 st ) ( F.10) 9.B $ Evaluate sources and availability of credit used by individuals and families (*3.3.3). 3.A $ Compare investment and savings alternatives. (*3.3.4)$ Analyze risk management strategies on long-term financial planning. (*3.3.5)$ Analyze the costs and benefits of spending, saving, investments, and insurance. (*2.6.4 & & ) ($) (21 st ) (EB5i6 A) 4.C $ Evaluate information about procuring and maintaining health care to meet the needs of individuals,family members, and business. (*2.1.6) $ Identify local, state, and national taxes that impact budgeting. 9.D $ Benchmark: 3.3 Evaluate the impact of technology on the individual and family resources. (*2.4) Identify current and emerging technology that impact individual and family decision-making. (*2.4.1) (21 st ) $ Examine how media (i.e. movies, digital, video, print) impact family and consumer decisions. (*2.4.2 & 3.2.6) (21 st ) (S5.1.1 ) 2.B $ Assess the impact of various forms of advertising on consumer behavior. (*2.4.3) (21 st ) 5.B $ Identify benefits and risks of using technology to individuals and families. 4.E $ Cross-Walking Key: *National Family and Consumer Sciences Standards (2008); ($) National Standards for Financial Literacy ( ) Assessed Indicator for Kansas Assessment Tests (R) Kansas Reading Curricular Standards; (MHS) Kansas Mathematics Curricular Standards High School; (W) Kansas Writing Curricular Standards; (SC) Kansas School Counseling Standards; (H-G) Kansas History & Government; Economics & Geography Curricular Standards; (S) Kansas Science Curricular Standards;(CC K&S ESS) Career Cluster Essential Knowledge and Skills; (CC K&S HMC) Career Cluster Human Services Cluster; (CC K&S HMPA) Career Cluster Human Services Pathway Early Childhood (

18 Version Consumer and Personal Finance B Benchmark: 3.4 Analyze interrelationships between the economic system and consumer actions. (*2.5) (EB3i2 A) Identify factors (i.e. social, economic, cultural, and ethical) that affect consumer decisions. (*3.3.1) (H-G) 5.B $ Identify strategies for opportunity costs. 5.A; 6.B $ Demonstrate skills used in seeking information related to consumer rights and responsibilities. (*2.3.3) 4.B $ Practice behavior that reduce the risk of identity theft. (*3.2.5) $ Evaluate state and federal policies and laws providing consumer protection. (*2.3.1) 9.A $ Evaluate how economic decisions made in other industries impact consumer choices. (*3.3.1) $ Explain the effects of the economy on personal income, individual and famly security and consumer decisions. (*3.3.1)$ Conduct SWOT (Strengths, Weakness, Opportunities, Threats) analysis. 6.B $ Benchmark: 3.5 Analyze the relationship of the environment to family and consumer resources. (*2.2) Summarize environmental trends and issues that affect families and future generations. (*2.2.1) (H-G) (S6.3) $ Examine behaviors that conserve, reuse, and recycle resources to maintain the environment. (*2.2.3 & 3.4.2) (FCCLA Community Service) (GB5i2 A) (S6.3.1 ) Understand that the environment is altered and effected by consumer behavior. $ Benchmark: 3.6 Analyze the impact of family as a system on individuals and society. (*6.0) ( C10) Examine family as a basic unity of society as it transmits societal expectations. (*6.1.1) (*6.1.2) $ Compare global influences on the family in teaching culture and traditions. (*6.1.3) (*6.1.4) Identify the role of family in developing independence, interdependence, and commitment of family members. (*6.1.5) 10.C $ Benchmark: 3.7 Analyze career paths within consumer service industries. (*3.0) Compare and contrast the difference between customer service and consumer services.(*3.1.1) Explain roles and functions of individuals engaged in consumer services (i.e. financial planning, credit counseling, insurance, estate planning, family and consumer sciences education). (*3.1.1) Summarize education and training requirements and opportunities for career paths in consumer services. (*3.1.3) Analyze the role of professional organizations in consumer service professions. (*3.1.6) Identify strategies that enable consumers to become advocates. (*3.2.3) Analyze the role of advocacy groups at state and national levels. (*3.2.1) Additional comments: Cross-Walking Key: *National Family and Consumer Sciences Standards (2008); ($) National Standards for Financial Literacy ( ) Assessed Indicator for Kansas Assessment Tests (R) Kansas Reading Curricular Standards; (MHS) Kansas Mathematics Curricular Standards High School; (W) Kansas Writing Curricular Standards; (SC) Kansas School Counseling Standards; (H-G) Kansas History & Government; Economics & Geography Curricular Standards; (S) Kansas Science Curricular Standards;(CC K&S ESS) Career Cluster Essential Knowledge and Skills; (CC K&S HMC) Career Cluster Human Services Cluster; (CC K&S HMPA) Career Cluster Human Services Pathway Early Childhood (

19 Business Economics Assessment Form - and Indicators.5 Credit (Minimum) SCED: Name ID Instructor Enrollment Date Completion Date Credits Completed / / / / I certify that the student received the training in the area indicated. School Year Student Signature : Date Instructor Signature: Date Technical-level course for Business Management and Administration, Hospitality and Tourism course for Finance, and Marketing Career Clusters (Funded) Business Economics course integrate economic principles (such as free market economy, consumerism, and the role of American government within the economic system) with entrepreneurship/business concepts (such as marketing principles, business law, and risk). RATING SCALE:3: Skilled, works independently; 2: Competent, may need assistance; 1: Received instruction, skill undeveloped; 0: No exposure, instruction or training. Measured competencies listed should be seen as minimums. reflect standards from National Career Clusters, National Business Education Association and The Council for Economic Education. Topic 1 Academic and Systems Foundations Achieve additional academic knowledge and skills required to pursue the full range of career and postsecondary education opportunities within a career cluster. Benchmark 1.01 The student will demonstrate an operational understanding of fundamental terms and concepts to describe what societies can do improve people's lives individually and collectively Describe relative scarcity exists in all societies Give real-world examples of each type of scarce resource (e.g., Natural resources, labor, capital, entrepreneurs). Research why less developed economies have many starving due to lack of resources while affluent societies still have nearly boundless wants. Explain how a hammer might be a scarce resource for a construction company. Describe the value of water to a lumber mill business Identify examples of virtually unlimited wants. Explain why families may have more than one vehicle or computer Describe the reasoning that besides having several shoes and jeans, a consumer still purchases more clothing Explain the most valuable thing a person gives up is his or her opportunity cost. Demonstrate an understanding of costs and benefits analysis by giving real-world examples which properly evaluate alternatives. Establish a clear distinction between absolute and comparative advantage. Illustrate examples of specialization, recognizing the interdependence it creates. List some advantages and disadvantages of market-oriented economies as well as more directed economies. Describe the impact of going to a movie over the student doing his or her homework Discuss the tradeoffs in calling in sick and going into work Determine the impact of selling a product below its market value. Justify why entrepreneur may consider leaving a successful career to begin a new business Objectively evaluate how a wage relates to a worker's time Explain how layoffs may be beneficial to a company Explain how individuals, regions, and countries specialize based on low opportunity costs & trade Demonstrate how each trading partner typically gains by trade. Discuss why a restaurant decides to sell only barbeque, removing pizza from their menu Explain the impact a delayed shipment of customized hardware may have to a business who specializes in computer manufacturing Describe why a jogger may only run in one brand of athletic footwear over an entire career. Convey how economic systems use elements of markets and government direction in providing goods and services Business Economics (12105) -.5 credit Approved by KACCTE / 3

20 Business Economics Assessment Form - and Indicators.5 Credit (Minimum) SCED: Topic 2 Technical Skills Use the technical knowledge and skills required to pursue the targeted careers for all pathways in the career cluster, including knowledge of design, operation, and maintenance of technological systems critical to the career cluster. Benchmark 2.01 Students will develop an understanding of how markets allocate scarce resources and goods and services they produce Explain the role of price and other determinants of demand (e.g., income, expectations, price of related goods, ) Illustrate demand curves that conform to the law of demand and explain the inverse relationship between the price and quantity demanded Define the role of price in influencing the quantity supplied Benchmark 2.02 Explain how the supply curves that conform to the law of supply and explain the positive relationship between the price and quantity supplied Demonstrate an understanding how markets can be effective in allocating scarcity. Depict both demand and supply curves to convey equilibrium. Illustrate and explain the pressures on a market price to increase or Explain the direction of expected price changes as the result of a surplus decrease or shortage. Correctly shift the demand curve in response to a change in a non-price Explain the role markets play in continuing to respond in a dynamic determinant of demand (e.g., tastes and preferences, income, prices of economy. related goods, number of consumers,...). Correctly shift a supply curve in response to a change in a non-price Change non-price determinants of supply to illustrate shifts in a supply determinant of supply (e.g., costs, technology, taxes, number of curve producers,...). Explain the analytical process of economic decisions, involving profit maximization and loss minimization Evaluate relationship between inputs and outputs. Understand marginal product (i.e., the extra output from an extra input) Review performance reports to locate areas that indicate the need to change organizational process or performance Use expenditures (explicit costs) along with implicit costs (e.g., Distinguishing between sunk costs (e.g., rent) and key factors like opportunity cost) in making profit maximizing decisions. marginal costs (i.e., the extra cost from an extra unit of output) Explain revenues (e.g., total revenue and marginal revenue's) role in Demonstrate an understanding that marginal revenue is the extra making profit maximizing decisions. revenue from an extra unit of output Determine the price and output in profit maximizing analysis. Give examples how profits are maximized, or losses are minimized Explain equilibrium price and its purpose in economic decisions Benchmark 2.03 Demonstrate and experience the value and role of marketplace competition and labor economics Explain the difference in pure competition and imperfect competition. Contrast competition and monopoly in the expected price and output Illustrate the role labor and other resource markets have on the demand for the good or service. Select a business organization and determine the number of workers to hire, justifying wage rates Business Economics (12105) -.5 credit Approved by KACCTE / 3