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.register.bpa.org

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

www.bpa.org/torch-awards

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 six broad areas of Finance, Business Administration, Management Information Systems, Digital Communication & Design, Management, Marketing & Communication, and Health Administration. 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 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. 

2022 TOPIC: GoGo Corp. is a popular fashion retailer with 733 locations in North America at the beginning of 2020, as well as an online presence in the US. GoGo’s corporate model is based on providing sustainable fashion at an affordable price. GoGo sells clothing and accessories for women, men, and children with a focus on diversity. The company has three strategic focus areas: to provide the customer with products that are unique, diverse, and sustainable; to be accessible to customers through both the design of their physical stores and the online experience; and corporate growth and expansion. Despite the pandemic, GoGo was able to turn a profit in 2020. However, they are concerned about their financial future. The GoGo team would like you to prepare the appropriate financial statements and financial ratios, analyze their current financial situation, make projections regarding GoGo’s future given the current economic situation, and make recommendations to improve their corporate viability. See contest details for more info.

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.

2022 TOPIC: Compare and contrast the economic recovery from the past recessions to the Coronavirus recession, focusing on the federal government’s responses. Review the national economic indicators to assess the effectiveness of the economic policies enacted. Do you agree or disagree with the use of each of the policies you discuss? 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).

2022 TOPIC: Research the causes of the current inflation in the US. Compare current inflation to periods of inflation in the past. How is the current rate of inflation effecting the economic recovery from the Coronavirus recession? What has the federal government done to attempt to slow the increase of inflation, and how effective has it been? 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.

2022 TOPIC: Advancements in technology, artificial intelligence, machine learning and robotics are creating a workforce that needs to be increasingly more intelligent, aware and understanding of the progressions being made. How can a business professional ensure that they stay on top of the latest technologies in today’s world? 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.

2022 TOPIC: Develop a logo, tagline, flyer and pin promoting the Business Professionals of America National Leadership Conference in Anaheim, CA – April 26-30, 2023. 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).

2022 TOPIC: Background - Little did the owners of Dave and Buster’s, a 40,000-square foot dining and gaming establishment initially located in a Dallas warehouse in 1982, realize they would launch an exciting new restaurant concept known as “eatertainment.” By providing guests unique experiences that combine eating with entertainment, “eatertainment” establishments are forecast as the next big frontier for casual dining. Task - To capitalize on this growing trend, a local eatertainment company has hired your marketing team to identify expansion opportunities into a domestic U.S. city of your choice within one to three years, with a vision for future international expansion in five to seven years. As no specific company name, mission, vision or product(s)/service(s) are specified in the topic, your team will determine these key elements and implement into the Marketing Plan and presentation. 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/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).

2022 TOPIC: Jeremy Johnson owns a food truck called JJ’s and has hired you to help him look at his business and generate ideas to help him improve his profits. Jeremy has sold different types of food throughout the year including burgers, fried rice bowls, barbecue, turkey legs and burritos. Lately, he has found a good customer base selling slices of pizza. Sometimes Jeremy decides to switch up the entire offering to a previous menu to try to keep customers coming so they don’t get tired of his current offerings. JJ’s typically sits in the same location year-round. Jeremy has struck a deal with a local retail store to sell in their parking lot for a fairly cheap fee. From time to time, Jeremy will get requests to cater a specific event. His most profitable hours have been at a catered event, but finds that sometimes he will take the truck to the event and not sell enough to make it worth his time. This has strengthened his resolve to stay in his typical location because he has a good idea how many customers order from his truck regularly and the local events that bring more foot traffic. Overall, JJ’s is profitable and customers are satisfied with the food they get. Jeremy has tried to change his operation to accommodate customers who bring things to his attention. Jeremy has great hopes for his business including expansion and growth. How can Jeremy improve his business? What suggestions do you have for JJ’s and its future? 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.

Ethics & Professionalism [540]

JUDGED INDIVIDUAL (Ethics & Professionalism Resource Manual and Blank Notecard)
 

Explore the application of ethical frameworks to various aspects used in business today.

TOPIC: Explore the application of ethical frameworks to various aspects used in business today. The contestant will be provided 20 minutes to develop the presentation. Only the Ethics and Professionalism Resources Manual and 3 note cards may be used in the prep/presentation rooms. The speech will be 3-5 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.

2022 TOPIC: Due to the current health and safety concerns for employees, working from home has become the new norm. As the world overcomes the COVID-19 Pandemic many employers are beginning to require employees to physically return to office locations. Digital Solutions is considering requiring their employees to return to work physically as well. Your Human Resources Manager has come to you and asked you to research and prepare a presentation with considerations, benefits, and disadvantages of this proposal. Make a recommendation and defend your position. 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.

2022 TOPIC: As the world recovers from the COVID-19 global pandemic, many businesses are developing plans for their employees to return to the office for work. Some companies are requiring employees to return to the office full-time, others are offering a virtual office option, and others are providing hybrid options to meet the needs of the business while accommodating the wishes of their employees. One of the factors in developing these plans is vaccination rates. Coronavirus vaccinations are mostly available throughout the United States but they are somewhat controversial. Not everyone is choosing to receive the vaccination for a variety of reasons. For example, as of July 1, 2021, approximately 49% of US working-age adults, ages 18 to 65, were fully vaccinated. Many businesses had to overcome challenges and balance the needs of the business with the requests of their employees as they develop return to work policies. As a management team for Digital Solutions, develop a “Return to Work” policy for your company assuming only half of your employees have been fully vaccinated. See contest details for more info.

BPA Competitions!

 

Open Events

You can take as many Open Events as you would like. 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 Regionals to 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.