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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
NOCTI http://www.nocti.org/Bl
ueprintCategoryLinks.cfm
?category=Finance
Broad-based
pathway assessment
that verifies student
mastery of the
knowledge and skills
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
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.
Business
Education
(Cluster)
Accelerated
Business and
Management
Administration
Program-of-
Study (4 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,
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
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,
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
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,
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
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
CareerTech
Testing
Information for
Consortia
Leaders and/or
High School
Testing
Coordinators
CareerTech TESTING
AGREEMENT
Each institution/
consortium should have a
Testing Coordinator who
contacts CareerTech to
obtain assessment
exams, proctoring
information, data
management needs, and
other important
functions. Click here for
the CareerTech Testing
Agreement form:
http://www.okcareertec
h.org/about/state-
agency/divisions/testing
Securities &
Investments
Financial &
Investment
Planning
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
Securities &
Investments
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
● 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/
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
Securities &
Investments
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 introductory
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.
Securities &
Investments
Accelerated
Business and
Management
Administration
Program-of-
Study (4 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 introductory
coursework and do
not include a
certification option.
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
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 introductory
coursework and do
not include a
certification option.
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
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 introductory
coursework and do
not include a
certification option.
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.
Securities &
Investments
Financial
Literacy
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 hourCareerTech
Testing
Information for
Consortia
Leaders and/or
High School
Testing
Coordinators
CareerTech TESTING
AGREEMENT
Each institution/
consortium should have a
Testing Coordinator who
contacts CareerTech to
obtain assessment
exams, proctoring
information, data
management needs, and
other important
functions. Click here for
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
Page 10
Common Core Competencies 7/1/2014
Pathway: Securities and InvestmentCluster: Finance
SecondaryPost-
secondary
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
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.
INDICATOR 01.02 Discuss the economic
principles and concepts fundamental to
financial operations.
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
Page 11
Common Core Competencies 7/1/2014
Pathway: Securities and InvestmentCluster: Finance
SecondaryPost-
secondary
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
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.
INDICATOR 01.02 Discuss the economic
principles and concepts fundamental to
financial operations.
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
Page 12
Common Core Competencies 7/1/2014
Pathway: Securities and InvestmentCluster: Finance
SecondaryPost-
secondary
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
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 01.02 Discuss the economic
principles and concepts fundamental to
financial operations.
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
Page 13
Common Core Competencies 7/1/2014
Pathway: Securities and InvestmentCluster: Finance
SecondaryPost-
secondary
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 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.
Page 14
Common Core Competencies 7/1/2014
Pathway: Securities and InvestmentCluster: Finance
SecondaryPost-
secondary
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 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.
Page 15
Common Core Competencies 7/1/2014
Pathway: Securities and InvestmentCluster: Finance
SecondaryPost-
secondary
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
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.
Page 16
Common Core Competencies 7/1/2014
Pathway: Securities and InvestmentCluster: Finance
SecondaryPost-
secondary
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 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.
Page 17
Common Core Competencies 7/1/2014
Pathway: Securities and InvestmentCluster: Finance
SecondaryPost-
secondary
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 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.
Page 18
Common Core Competencies 7/1/2014
Pathway: Securities and InvestmentCluster: Finance
SecondaryPost-
secondary
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 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
Page 19
Common Core Competencies 7/1/2014
Pathway: Securities and InvestmentCluster: Finance
SecondaryPost-
secondary
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
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.
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.
N
N O
N O
O
Page 20
Common Core Competencies 7/1/2014
Pathway: Securities and InvestmentCluster: Finance
SecondaryPost-
secondary
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
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.
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.
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.
MEASURE 05.02.01 Describe the nature
and scope of accounting.
Page 21
Common Core Competencies 7/1/2014
Pathway: Securities and InvestmentCluster: Finance
SecondaryPost-
secondary
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
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.
MEASURE 05.04.02 Explain the nature
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
Page 22
Common Core Competencies 7/1/2014
Pathway: Securities and InvestmentCluster: Finance
SecondaryPost-
secondary
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
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.
Page 23
Common Core Competencies 7/1/2014
Pathway: Securities and InvestmentCluster: Finance
SecondaryPost-
secondary
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 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.
Page 24
Common Core Competencies 7/1/2014
Pathway: Securities and InvestmentCluster: Finance
SecondaryPost-
secondary
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 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.
MEASURE 08.01.02 Explain the nature
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
Page 25
Common Core Competencies 7/1/2014
Pathway: Securities and InvestmentCluster: Finance
SecondaryPost-
secondary
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
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.
Page 26
Common Core Competencies 7/1/2014
Pathway: Securities and InvestmentCluster: Finance
SecondaryPost-
secondary
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
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.
Comment from Business/Industry: Essential for both secondary &
postsecondary - need to know.
MEASURE 10.01.03 Manage personal
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.
Page 27
Common Core Competencies 7/1/2014
Pathway: Securities and InvestmentCluster: Finance
SecondaryPost-
secondary
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
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.
MEASURE 10.01.03 Manage personal
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.
INDICATOR 10.01 Maintain, control,
and plan the use of financial resources
to protect solvency.
Y Y
Y Y
Page 28
Common Core Competencies 7/1/2014
Pathway: Securities and InvestmentCluster: Finance
SecondaryPost-
secondary
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
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).
MEASURE 10.01.10 Explain the nature
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.
MEASURE 10.01.09 Understand the
importance of financial markets in
business.
Y Y
Y Y
N Y
INDICATOR 10.01 Maintain, control,
and plan the use of financial resources
to protect solvency.
Page 29
Common Core Competencies 7/1/2014
Pathway: Securities and InvestmentCluster: Finance
SecondaryPost-
secondary
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
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
management function.
e.g., Demonstrate data mining techniques.
e.g., Demonstrate budgeting applications.
INDICATOR 10.02 Access and
disseminate financial information to
assist business decision-making.
MEASURE 10.02.01 Understand the
nature and scope of financial-
information management.
MEASURE 10.02.02 Discuss the
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
INDICATOR 10.01 Maintain, control,
and plan the use of financial resources
to protect solvency.
Y
N Y
Y
O Y
Y Y
Page 30
Common Core Competencies 7/1/2014
Pathway: Securities and InvestmentCluster: Finance
SecondaryPost-
secondary
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
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
management function.
e.g., Identify the impact of product life cycles on business decisions.
e.g., Explain the use of technology in the product/service
management function.
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.
MEASURE 10.04.01 Describe the nature
and scope of risk management in
finance.
INDICATOR 10.02 Access and
disseminate financial information to
assist business decision-making.
MEASURE 10.03.01 Explain the nature
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
Page 31
Common Core Competencies 7/1/2014
Pathway: Securities and InvestmentCluster: Finance
SecondaryPost-
secondary
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
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-
management strategies and techniques
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.
MEASURE 11.01.01 Describe
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.
MEASURE 11.02.01 Describe
fundamental financial concepts involved
in the management of corporate
finances.
Y Y
Page 32
Common Core Competencies 7/1/2014
Pathway: Securities and InvestmentCluster: Finance
SecondaryPost-
secondary
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 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
INDICATOR 11.02 Maintain, monitor,
control, and plan the use of financial
resources to ensure business stability.
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
MEASURE 11.02.06 Explain the role of
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.
Page 33
Common Core Competencies 7/1/2014
Pathway: Securities and InvestmentCluster: Finance
SecondaryPost-
secondary
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
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
MEASURE 11.02.10 Explain the role of
valuation in making appropriate financial
decisions for a company.
N Y
MEASURE 11.02.11 Analyze a
company's financial statements.
INDICATOR 11.02 Maintain, monitor,
control, and plan the use of financial
resources to ensure business stability.
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
Page 34
Common Core Competencies 7/1/2014
Pathway: Securities and InvestmentCluster: Finance
SecondaryPost-
secondary
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
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
MEASURE 11.02.14 Explain the role of
dividends in corporate finance.O Y
INDICATOR 11.02 Maintain, monitor,
control, and plan the use of financial
resources to ensure business stability.
MEASURE 11.02.12 Calculate business
ratios to evaluate company
performance.
MEASURE 11.02.15 Analyze ownership
change transactions.N Y
O Y
Page 35
Common Core Competencies 7/1/2014
Pathway: Securities and InvestmentCluster: Finance
SecondaryPost-
secondary
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
e.g., Explain methods for evaluating potential merger/acquisition
targets.
e.g., Evaluate potential merger/acquisition targets.
e.g., Discuss the nature of restructurings.
MEASURE 11.03.01 Discuss the
fundamentals of corporate finance.O Y e.g., Describe the nature of business finance.
Comment from Business/Industry: Essential for both secondary &
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).
Comment from Business/Industry: Essential for both secondary &
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.).
INDICATOR 11.02 Maintain, monitor,
control, and plan the use of financial
resources to ensure business stability.
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
Page 36
Common Core Competencies 7/1/2014
Pathway: Securities and InvestmentCluster: Finance
SecondaryPost-
secondary
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
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
management strategies and techniques
in corporate finance to minimize
business loss.
MEASURE 11.04.01 Manage risk to
protect a business’s wellbeing.N Y
Page 37
Technical Skill Assessment Blueprint 7/1/2014
Pathway: Securities and InvestmentCluster: Finance
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)