My Finance Class

Welcome to My Finance Class, the official website for Financial Services and BPA at Northwest High School.

Competitions

  

  

Your first step toward a successful future in business & finance starts right here ...

  

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TORCH AWARDS 

Business Professionals of America's Torch Awards Program frames and guides a BPA member's leadership and service to their chapter and community. Students complete activities in the seven Torch categories:

Leadership; Service; Cooperation; Knowledge; Friendship; Love, Hope, Faith; and Patriotism--then log their activities in an online Torch Resume.

Each activity is worth 5, 10, 15, or 20 points. When a student achieves a certain number of points for each category, his/her advisor or local reviewer can submit the resume online to be reviewed for recognition. All students completing a satisfactory resume will be awarded.

The link to the online resume system for the Torch Awards Program is:

www.registermychapter.com/bpamem

For more information on the Torch Awards Program, visit the following page on the BPA website:

 www.bpa.org/service/torch

The official Torch Awards Handbook is available for download here:

Torch Awards Handbook

 

Ambassador Pin

 

Executive Torch Award

Local Level
 

The Executive Torch Award requires 10 points in each Torch category. An Executive is defined as "a person having administrative or managerial authority in an organization."

 

Diplomat Torch Award

Regional Level
 

The Diplomat Torch Award requires 30 points in each Torch category. A Diplomat is defined as "one skilled with tact in dealing with people."

 

Statesman Torch Award

State Level
 

The Statesman Torch Award requires 50 points in each Torch category. A Statesman is defined as "one who is a leader in the promotion of the public good and in national affairs."

Ambassador Torch Award

National Level
 

The Ambassador Torch Award requires 70 points in each Torch Category. An Ambassador is defined as "a diplomatic official of the highest rank appointed and accredited as representative of the organization."

 

Competitions

All members are encouraged to participate in BPA competitive events. In fact, the WSAP Competitive Events program is the biggest cog of what makes BPA tick. Students prepare for and compete in contests in over 50 categories, under the five broad areas of Finance, Business Administration, Management Information Systems, Digital Communication & Design, and Management, Marketing & Communication. Students begin with a Regional competition. The top qualifiers compete at State conference, and finally, those deemed the best of the best compete at the National Leadership Conference in April/May of each year. Competitions range from individual to team, from objective tests to judged presentations. Each one helps students prepare to be part of an effective, skilled national workforce.


WSAP

IMPORTANT DOCUMENTS

  • 2019 BPA Competition Choice Form
  • 2019 Style & Reference Manual
  • 2019 Events at a Glance

FINANCE EVENTS

Fundamental Accounting [100]

TESTED INDIVIDUAL (Written Test)  ***ACCOUNTING KNOWLEDGE REQUIRED***
 

Assessment of entry-level basic accounting principles utilizing manual procedures. Students analyze, journalize, and post transactions and prepare financial reports/statements. You may not repeat this event. 

Advanced Accounting [110]

TESTED INDIVIDUAL (Written Test)  ***ACCOUNTING KNOWLEDGE REQUIRED***
 

Interpret and analyze sole proprietorships, partnerships, and corporate financial accounting data using manual methods. VERY CHALLENGING.

Payroll Accounting [125]

TESTED INDIVIDUAL (Written Test)  ***ACCOUNTING KNOWLEDGE REQUIRED***
 

Process payroll data using manual payroll procedures. Students calculate gross earnings, complete payroll register, post employee records, and prepare payroll income tax forms.

Banking & Finance [145]

TESTED INDIVIDUAL (Written Test)
 

Demonstrate and apply fundamental knowledge of the banking industry. This entry-level event tests the student‘s knowledge of bank operations, bank services, loans, credit administration, and customer service.

Financial Analyst Team [150]

JUDGED TEAM (Report, Spreadsheet, Presentation)
 

Use analytical and problem solving skills to make decisions and recommendations using financial reports, both internal and external. The team analyzes and interprets reports from a business case study. At state and national level, teams will be presented with an additional element to the scenario that requires revision of their final presentation. 

TOPIC: PBA Bookstore is an independent bookstore located in historic downtown Columbus, OH. On December 31, 2017, the firm’s general ledger contained the accounts and balances below. All account balances are normal, and the income tax rate is 30%. Since PBA Bookstore wants to expand its operations, management is interested in partnering with the local colleges and universities to stock their required textbooks for three years. Management estimates that partnering with the local colleges and universities would require PBA to make an initial investment of $5,000 in upgrades. They estimate that they will need to increase their inventory by $20,000, but they expect to sell the textbooks at a 50% markup. PBA would also need to hire another part-time (20 hours per week) employee to keep the store open longer hours to meet the needs of the new student population. PBA Bookstore has hired you to prepare their financials and make a presentation to PBA Bookstore’s management with your recommendation. See contest details for more info, including financial data.

Economic Research Project Individual [155]
JUDGED INDIVIDUAL (Typed Research Paper; PowerPoint Presentation)
 

The student will conduct research on the topic below and present findings in a research paper, an oral presentation, and respond to questions from a panel of judges.

TOPIC: Recently, many localities have used public funds to build new single sport or multipurpose stadiums. These stadiums can cost the tax payers millions, if not billions, of dollars. Discuss the economic impact of building a new stadium in the community, and whether the economic benefits of a new stadium would outweigh the costs? See contest details for more info.

Economic Research Project Team [160]

JUDGED TEAM (Typed Research Paper; PowerPoint Presentation)
 

The team will conduct research on the topic below and present findings in a research paper, an oral presentation, and respond to questions from a panel of judges (2-4 students in a team).

TOPIC: The U.S. Federal Government has offered agricultural subsidies since the time of the Great Depression. Proponents of agricultural subsidies state that they are necessary to stabilize agricultural market forces to protect the nation’s food supply. Opponents argue that they do not achieve the desired market stability and are an expensive tax burden. Note: Research the forms of agricultural subsidies that are provided and the costs and benefits to providing those subsidies and take a position on whether or not agricultural subsidies should continue. Be sure to include the economic impact of your decision to continue or to remove agricultural subsidies. See contest details for more info.

Personal Financial Management [165]

TESTED INDIVIDUAL (Written Test)
   

Contestants will answer objective questions dealing with concepts and perform calculations related to the financial topics of credit, saving, investing, personal income tax, risk management and insurance, and retirement planning. Contestants will analyze financial scenarios to predict outcomes, advise use of financial instruments and determine the proper financial planning.

     

BUSINESS ADMINISTRATION EVENTS

Fundamental Word Processing Skills [200]

TESTED INDIVIDUAL (Word)
 

Evaluate fundamental skills in word processing and document production. You may not repeat this event. Formerly called "Keyboarding".

Intermediate Word Processing Skills [205]

TESTED INDIVIDUAL (Word)
 

Evaluate intermediate skills in word processing and document production. You may not repeat this event. Formerly called "Fundamental Word Processing Skills".

Advanced Word Processing Skills [210]

TESTED INDIVIDUAL (Word)
 

Evaluate advanced level skills in word processing and document production.

Basic Office Systems & Procedures [220]

TESTED INDIVIDUAL (Word, Written Test)
 

Evaluate fundamental skills in office procedures, records and file management, and document production. You may not repeat this event.

Advanced Office Systems & Procedures [225]

TESTED INDIVIDUAL (Word, Written Test)
 

Evaluate advanced skills in office procedures, records and file management, and document production.

Fundamental Spreadsheet Applications [230]

TESTED INDIVIDUAL (Excel)
 

Create and design spreadsheet applications that include variables, reports, and formats. Students enter and format data, enter and copy formulas, and print full documents or cell contents. You may not repeat this event.

Advanced Spreadsheet Applications [235]

TESTED INDIVIDUAL (Excel)
 

Develop effective solutions to business problems using many of the advanced features within the Microsoft Excel skill standards for the MOS Spreadsheet Expert Exam.

Legal Office Procedures [245]

TESTED INDIVIDUAL (Word and Written Test)
 

Evaluate knowledge of legal terminology and skills needed to prepare legal documents and function effectively in a law office. To prepare for this competition, students will need to learn legal terminology independently.

Medical Office Procedures [250]

TESTED INDIVIDUAL (Word and Written Test)
 

Evaluate knowledge of medical terminology and skills needed to prepare medical documents and function effectively in a medical office. To prepare for this competition, students will need to learn medical terminology independently.

Administrative Support Research Project [260]

JUDGED INDIVIDUAL (Typed Research Paper; PowerPoint Presentation)
 

The student will conduct research on the topic below and present findings in a research paper, an oral presentation, and respond to questions from a panel of judges.

TOPIC: With limited financial resources available in businesses today, how or what can a business professional do to stay current with changing technology and business trends? How can they support and share information and training with co-workers while achieving their own professional development goals? See contest details for more info.

Business Law & Ethics [265

TESTED INDIVIDUAL (Written Test)
 

This contest will test the student’s knowledge and skills in the areas of ethics, law, business law, and personal law.

 

DIGITAL COMMUNICATION & DESIGN EVENTS

Fundamental Desktop Publishing [400]

TESTED INDIVIDUAL (Publisher, Word)
 

Evaluate knowledge and skills in using desktop publishing software to create a variety of business documents.

Graphic Design Promotion [410]

JUDGED INDIVIDUAL (Logo, Flyer designed in Publisher)
 

Develop a theme, illustrate the theme in a logo design, then utilize the logo in a promotional flyer.

TOPIC: Develop a flyer and logo promoting the Business Professionals of America National Leadership Conference in Anaheim, California, May 1-5, 2019. The developed theme of this competition may be used as part of the NLC advertising for 2019.

 

MANAGEMENT, MARKETING & COMMUNICATION EVENTS

Global Marketing Team [500]

JUDGED TEAM (Typed Marketing Plan; PowerPoint Presentation)
 

Develop a plan that details pricing strategies and promotional plans for a business (2-4 students in a team).

TOPIC: The appeal of tiny homes has experienced significant growth, as evidenced by such popular television shows as “Tiny House, Big Living” on HGTV. To capitalize on this emerging trend, a local construction company has tasked your marketing team with identifying expansion opportunities into a domestic (United States) city of your choice with a vision for future international expansion. Be prepared to defend your recommendations from a marketing standpoint. See contest details for more info.

Entrepreneurship [505]

JUDGED INDIVIDUAL (Typed Business Plan; PowerPoint Presentation)
 

Develop an operating plan and organizational structure to initiate a small business. Competitors are to assume they are presenting their business plan to potential investors at a bank with the objective of securing financing for their business venture.

Small Business Management Team [510]

JUDGED TEAM (PowerPoint Presentation)
 

The team will use strategic planning and problem-solving skills to provide solutions to the business case study provided (2-4 students in a team).

TOPIC: Your team has been hired by Scott Jensen, owner of Downtown Auto, to provide strategies that help the company with its overall strength and profitability. Downtown Auto is a one-location used car lot located in a town of about 70,000 people. Their lot is an 80-vehicle lot and employs four full-time sales people and an administrative assistant/title clerk. About a year ago, the company identified that the profit margin of each sale was a little low, so Mr. Jensen determined that they needed to pay the sales people on a flat commission; each salesman now makes $300 a sale instead of a percentage commission which was 25% of each sale. This was not received well by the sales staff. See contest details for more info.

Interview Skills [515]

JUDGED INDIVIDUAL (Resume, Cover Letter; Interview)
 

Assess proficiency in job search and interview situations. You may not repeat this event.

Advanced Interview Skills [520]

JUDGED INDIVIDUAL (Resume, Cover Letter, Portfolio; Interview)
 

Assess advanced proficiency in job search, interview situations, and portfolio development.

Extemporaneous Speech [525]

JUDGED INDIVIDUAL (Blank Notecard)
 

Demonstrate communication skills in arranging, organizing, and effectively presenting information orally without prior knowledge of the topic.

TOPIC: The contestant will draw two different business topics and will select either one. The topics may deal with Business Professionals of America, office situations, the business world, etc. The contestant will be provided ten minutes to develop the topic. Notes will be made on the 3 note cards provided by the event proctor. No materials or previously prepared notes will be allowed into the preparation or presentation room with the contestant. The length of the speech will be no less than 2 minutes and no more than 4 minutes.

Human Resource Management [535]

JUDGED INDIVIDUAL (Human Resource Manual and Blank Notecard)
 

Assess interpretation of personnel policies and knowledge of human resource management.

TOPIC: The contestant will be given a human resource management scenario. The scenario may deal with office situations, workplace issues, legal matters, etc. The contestant will be provided 20 minutes to develop the presentation. Notes will be made on the 3 note cards provided by the event proctor. Only the Human Resources Manual, along with the note cards provided for note taking, may be used in the preparation and presentation rooms. The contestant will speak before a panel of judges and a timekeeper. The speech will be no less than 3 minutes and no more than 5 minutes.

Prepared Speech [545]

JUDGED INDIVIDUAL (Typed Speech; Oral Presentation with Visual Aids)
 

Demonstrate communication skills in securing, arranging, organizing, and presenting information orally.

TOPIC: Each contestant is to select a topic related to business, entrepreneurship, or Business Professionals of America, and develop a 5-7 minute oral presentation.

Presentation Management Individual [555]

JUDGED INDIVIDUAL (PowerPoint Presentation with Multimedia)
 

Assess use of current desktop technologies and software to prepare and deliver an effective multimedia presentation. The contestant shall design a computer-generated multimedia presentation on the assigned topic listed below. The presentation will be no less than 7 and no more than 10 minutes and will be followed by judges’ questions.

TOPIC: Choose the type of business you work for (e.g. hospital, school district, business office, manufacturer, etc.) Your employer has recently experienced problems with security and employee dishonesty. Some of the problems include arriving late, leaving early, accessing private areas without the proper authorization, and unauthorized entry by outsiders. Your boss has selected you to research and present information on identity and security technologies your company could implement to help in these and other areas. Create a presentation for your Board of Directors about the various types of available technologies. See contest details for more info.

Presentation Management Team [560]

JUDGED TEAM (PowerPoint Presentation with Multimedia)
 

Assess use of current desktop technologies and software to prepare and deliver an effective multimedia presentation (2-4 students in a team). The team shall design a computer-generated multimedia presentation on the assigned topic listed below. The presentation will be no less than 7 and no more than 10 minutes and will be followed by judges’ questions.

TOPIC: You are an expert in the field of environmental protection. AJT Alternatives has hired you to present to a group of small business owners from your state. The presentation should focus on how to prevent environmental contamination. Prepare a presentation to encourage and demonstrate ways that these small businesses can be environmentally responsible. See contest details for more info.

BPA

 

Open Events

You can take as many Open Events as you would like. You are able to qualify to compete at State if you score at least an 85% on an Open Event at Regionals. All students qualifying to attend State and Nationals in a traditional competition are able to take as many Open Events as they would like. Students at State who score above 85% will be recognized on stage at the awards ceremony. Students at Nationals who score in the top 10 in each event will be recognized on stage as well. Note: Open Events do NOT advance from State to Nationals.

Financial Math & Analysis Concepts OPEN

 

This competition assesses knowledge of math concepts. Contestants solve practical math problems related to work and consumer issues.

Administrative Support Concepts OPEN

 

Evaluate knowledge of basic administrative support concepts. 

Information Technology Concepts OPEN

 

Demonstrate general knowledge of the information technology industry.

Business Meeting Management Concepts OPEN

 

To provide a general competitive event addressing business meetings management which incorporates fundamental concepts accepted as good practices in any business unit including business planning and strategy, organization and execution, trust and transparency.

Management, Marketing, HR Concepts OPEN

 

Assess knowledge of management, marketing, and human resources concepts.

  

Virtual Events

These events are offered only at the national level. All members may register and submit entries. There are no limits. All entries are judged technically and via a video conference presentation to judges. Top ten winners will be decided without consideration for division. The ten contestants with the highest cumulative technical and presentation scores will be invited to attend the National Leadership Conference to be recognized for their outstanding efforts and to participate in the National Showcase.

  

Start-Up Enterprise Team - VIRTUAL EVENT [V08]

JUDGED TEAM (Written Business Plan; Virtual Presentation)
 

Develop an operating plan and organizational structure to initiate a small business. Teams are to assume they are presenting their products/services to potential buyers. The business plan must not exceed fifteen (15) pages, single-sided (excluding the title page, table of contents, and supporting documentation) and must follow the Business Plan format in the Style & Reference Manual. The completed plan must include, but is not limited to, the following: Title Page and Table of Contents; Executive Summary; Description of proposed business; Objectives of the business; Proposed business strategies; Product(s) and/or service(s) to be provided; Management and ownership of the business; Marketing analysis; Financial analysis; Supporting documentation (Financial analysis, income statement, balance sheet, cash flow statement, and other analyses; and Supporting documents (research, charts, brochures, resumes, etc.). See contest details for more info. A team will consist of 2-4 members.

  • Registration Deadline: November 17, 2017
  • Entry Fee: $20 per Team, Paid by Students
  • Submission Deadline: February 16, 2018
  • Video Conference Presentation: TBD (top 20)
  • Contest Details