My Finance Class

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

BPA 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

 

Torch Awards

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

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. 

2020 TOPIC: Lynn’s Kids first opened in 1998 as a single-store children’s clothing boutique in Northampton, Massachusetts. Over the past 22 years, Lynn’s Kids has incorporated into a small, private corporation, and expanded to Westborough in 2001 and Boston in 2014. While sales have remained steady since opening their most recent store, profits have fallen in recent years, and Lynn is concerned that she might have to close her business. Lynn’s long-time bookkeeper, Scott, has compiled her financial data for the last five years. Lynn is asking for your advice. She would like to save her business, but isn’t sure if maybe she should close all of her stores, close some of her stores, or start selling her clothes online. Please compile Lynn’s financial statements for the past five years, and prepare your analysis and presentation for the Board of Directors of Lynn’s Kids. 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.

2020 TOPIC: A student loan is a type of loan provided by the United States government or other private financial institutions to students and/or their parents who need help financing higher education. It is being said that student loan debt in this country is nearing crisis proportions. Write a research paper that addresses whether this statement is supported by evidence. 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).

2020 TOPIC: Economic poverty is measured in several ways, most commonly in regard to income levels. The idea of providing a Guaranteed Annual Income (GAI) to all in the United States would aim to alleviate poverty especially as it relates to that caused by unemployment, underemployment, lack of educational opportunity, or any other impediment. Those in favor of such action would cite the great human need as a reason for guaranteeing an annual income to all. Those opposed would cite the cost of such a program and its unforeseen consequences. Research the concept of Guaranteed Annual Income as to whether it would be an effective solution to economic poverty. 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.

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.

2020 TOPIC: What are some specific current national political issues or trends impacting the workplace? How could this impact the role of the administrative professional and the support they provide? How can the administrative professional positively influence any of the change and/or transition required as a result of the current issues and trends as they provide support in the workplace? 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.

2020 TOPIC: Develop a logo, tagline, and flyer promoting the Business Professionals of America National Leadership Conference in Orlando, FL, May 5-9, 2021. See contest details for more info.

 

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).

2020 TOPIC: Majestic bears in their natural habitat, eagles soaring overhead, a geyser erupting every 44 to 125 minutes—memories that last a lifetime. In operation since 2006, Grand Adventures is a Jackson, Wyoming eco-tourism company that specializes in nature-friendly wildlife, photography, and sightseeing safaris in the Yellowstone and Grand Teton National Park areas. Public and private hiking, biking, kayaking, and whitewater rafting excursions are popular year-round. Experiencing year-over-year growth and positive recognition for their tour offerings and certified personable guides has prompted the owners to consider expanding their eco-friendly operations. Your firm has been hired to provide a marketing plan for expansion to a second domestic location (within three years) and a vision for future global expansion in one country of your choice (within five years). Be prepared to justify both expansion markets in your marketing plan and your presentation. 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/pitching their business plan to potential investors with the objective of securing financing for their business venture. See contest details for more info.

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).

2020 TOPIC: Fred Jackson, owner of ABC Graphics, has noticed that his company has lost a significant amount of revenue over the past few years. Mr. Jackson opened his business in 2005 after graduating from a graphic design program. He is very knowledgeable in the tools used in the graphic design industry. At first, his company thrived and Mr. Jackson was the recipient of many local awards for his successful business. His success continued through 2008 where revenues plateaued and then starting in 2011 began to steadily decrease. Mr. Jackson was concerned that the market had potentially become saturated and that all graphic design businesses were suffering. However, after doing some market research, there are newer companies opening, charging similar prices and are continuing to be successful. The research also showed that most organizations are still paying other companies to complete their graphic design work rather than completing it through their own employees. However, most potential clients prefer the design of a competing graphics company. Prepare a presentation for Mr. Jackson with your suggestions for his company. 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.

2020 TOPIC: TAL Manufacturing has struggled to keep and maintain quality staff over the past five years. Employee turnover and retention has become so difficult that the company may have to close operations. Loyal, highly skilled staff continue to retire in record numbers, and new hires rarely stay over three years. A recent survey by The Harris Poll reported 93 percent of employers agreed a good onboarding (organizational socialization) experience was a critical factor to a new hire’s longevity. Even small businesses benefit from effective employee onboarding programs by helping build a solid foundation, improve morale, and increase both retention and productivity. As the newest member of the Human Resources Department, your first assignment is to research and present innovative, yet cost-effective, employee onboarding strategies that can be successfully integrated into your company culture. 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.

2020 TOPIC: For six years in a row, Google landed the top spot on Fortune Magazine’s prestigious “Best Companies to Work For” list. Famous for its innovative company culture and enviable employee perks (free gourmet food, nap pods, laundry services, and prized parental-leave policies), the industry leader continues to thrive year after year. With 50+ employees, your company is obviously operating on a much smaller scale than industry giant Google. However, like Google, your company recognizes the power of creating and maintaining a positive employee culture that is open to change and innovation. Your team has been assigned the task of creating a presentation for management with suggestions to improve and innovate the existing company culture. See contest details for more info.

BPA Competitions!

 

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: TBD
  • Entry Fee: $20 per Team, Paid by Students
  • Submission Deadline: TBD
  • Video Conference Presentation: TBD (top 20)
  • Contest Details