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