Spreadsheet: 5e65efcd-c9e4-4b79-9cab-86f8fb10f220
Sheet: Sheet1

Finance | Unnamed: 1 | Unnamed: 2 | Unnamed: 3 | Unnamed: 4 | Unnamed: 5
Pathway: Business Financial Management
Code | Topic | Course | Knowledge and Skill | Performance Element | Measurement Criteria
FNPB01.01 | Planning and Budgeting | #5: Fundamentals of Financial Management and Investment Planning | Interpret financial data to develop short- and long-term budgetary plans. | Analyze past and current budgets to determine financial business needs. | Review revenues.
 |  |  |  |  | Review expenditures.
 |  |  |  |  | Identify trends.
 |  |  |  |  | Determine priorities.
 |  |  |  |  | Investigate abnormalities.
 |  |  |  |  | Report conclusions based on data.
 |  |  |  | Prepare a planning budget to guide financial decision-making. | Project revenues.
 |  |  |  |  | Identify expenditures for business activities.
 |  |  |  |  | Determine cash flow and profit margin requirements.
 |  |  |  |  | Justify changes.
 |  |  |  |  | Organize information in a logical and understandable format.
 |  |  |  |  | Illustrate information with the use of charts, tables, and graphs.
 |  |  |  | Implement budget to manage financial decision-making. | Monitor revenues.
 |  |  |  |  | Monitor expenditures.
 |  |  |  |  | Examine and explain variances between budget and actual results.
FNPB02.01 | Analyze and Interpret Data | #5: Fundamentals of Financial Management and Investment Planning | Analyze and interpret financial data to produce accurate reports. | Describe financial statements to explain the need for accurate reports. | Describe the different types of financial statements.
 |  |  |  |  | Explain the purpose of a financial statement.
 |  |  |  |  | Compare the differences in financial statements.
Code | Topic | Course | Knowledge and Skill | Performance Element | Measurement Criteria
 |  |  | (CONTINUED) | Analyze financial statements to verify information. | Identify critical data.
 |  |  |  |  | Identify relative timelines.
 |  |  |  |  | Determine trends.
 |  |  |  |  | Interpret trend indicators.
 |  |  |  |  | Compare ratios/standards.
 |  |  |  |  | Identify causes.
 |  |  |  |  | Identify problems or areas of concern.
 |  |  |  |  | Assess potential impacts.
FNPB03.01 | Accounting | #4: Accounting                                       #6: Advanced Accounting                      #7: Principles of Accounting | Examine accounting system elements to demonstrate good accounting practices. | Analyze financial information to demonstrate an understanding of the accounting equation. | Identify parts of the accounting equation.
 |  |  |  |  | Classify accounts as assets, liabilities, and owner’s equity.
 |  |  |  |  | Record business transactions to track business activities.
 |  |  |  |  | Create a chart of accounts to reflect financial business needs.
 |  |  |  |  | Identify asset accounts.
 |  |  |  |  | Identify liability accounts.
 |  |  |  |  | Open accounts in a general ledger.
 |  |  |  |  | Open subsidiary ledgers.
 |  |  |  | Analyze financial activities to record business transactions. | Journalize transactions in appropriate journals.
 |  |  |  |  | Post from journals to ledgers.
 |  |  |  |  | Prepare a trail balance.
 |  |  |  |  | Journalize and post adjusting and closing entries.
 |  |  |  |  | Close the general ledger.
FNPB03.02 | Accounting | #4: Accounting                                       #6: Advanced Accounting                      #7: Principles of Accounting | Compile business transaction data to report financial information. | Organize accounting elements to prepare financial statements. | Prepare a balance sheet.
 |  |  |  |  | Prepare an income statement.
 |  |  |  |  | Prepare a cash flow statement.
Code | Topic | Course | Knowledge and Skill | Performance Element | Measurement Criteria
FNPB04.02 | Tax Management | #8: Tax Planning and Management | Analyze tax structures and consequences to assist in business decision-making. | Compare tax structures to differentiate between types of business taxes. | List types of taxes required of businesses.
 |  |  |  |  | List characteristics of different taxes.
 |  |  |  |  | Determine appropriate business structure for overall tax purposes.
 |  |  |  |  | Identify various taxing authorities to determine the relationship to business.
 |  |  |  |  | List various taxing authorities.
 |  |  |  |  | Identify required financial information for each taxing authority.
 |  |  |  | Evaluate accrual methods to determine tax effects. | Calculate the tax effects of various accrual methods.
 |  |  |  |  | Compare tax effects of various methods.
 |  |  |  | Evaluate inventory methods to determine tax effects. | Calculate the tax effects of various inventory methods.
 |  |  |  |  | Compare tax advantages associated with methods.
 |  |  |  | Evaluate depreciation options to determine tax effects. | Calculate the tax effects of various depreciation options.
 |  |  |  |  | Compare tax advantages associated with options.
FNPB04.03 | Tax Management | #8: Tax Planning and Management | Establish a tax plan to incorporate the impact of tax consequences on business decisions. | Analyze current business decisions to determine the impact on taxes. | Identify tax policies that affect business decisions.
 |  |  |  |  | Identify accounting procedures and processes that impact taxes.
 |  |  |  |  | Compare tax impact of various decisions.
 |  |  |  | Develop a methodology to maintain a tax plan. | Develop a methodology.
 |  |  |  |  | Apply the methodology to aid in business decision-making.
Code | Topic | Course | Knowledge and Skill | Performance Element | Measurement Criteria
FNPB05.01 | Policies and Regulations | #9: Financial Records Management | Use federal, state, and local regulations to determine financial records management. | Gather federal, state, and local procedures and regulations to apply to the storage of financial records and files. | Maintain current federal, state, and local requirements.
 |  |  |  |  | Interpret guidelines for storage requirements.
 |  |  |  |  | Develop a procedure to insure compliance with storage requirements.
 |  |  |  |  | Provide security for records and files.
 |  |  |  | Maintain knowledge of current financial laws, regulations, and policies to assure compliance in financial practices. | Identify resources to provide information on financial laws, regulations, and policies.
 |  |  |  |  | Evaluate resources to provide updates to financial laws, regulations, and policies.
 |  |  |  |  | Adapt accounting and record keeping functions to merge with current computerized systems.
 |  |  |  |  | Use database applications.
 |  |  |  |  | Use financial systems.
 |  |  |  |  | Use appropriate electronic files management software.
 |  |  |  |  | Develop auditing system to insure financial records are accurate.
 |  |  |  |  | Establish backup procedures to maintain electronic records.
 |  |  |  |  | Use appropriate backup methods for electronic records and files.
 |  |  |  |  | Schedule and complete backup procedures.
 |  |  |  |  | Maintain backup resources in appropriate locations.
Code | Topic | Course | Knowledge and Skill | Performance Element | Measurement Criteria
FNPB05.02 | Policies and Regulations | #9: Financial Records Management | Analyze current laws and regulations to maintain appropriate financial practices. | Interpret basic financial laws and regulations to apply to financial practices. | Explain major points and purposes of laws and regulations concerning financial transactions, security trading, basic accounting principles (GAAP/GAA).
 |  |  |  |  | Identify resources to provide specific information regarding financial regulations.
 |  |  |  |  | Identify major regulations affecting identified financial industries.
 |  |  |  |  | Explain consequences for noncompliance with laws, regulations, and policies.
 |  |  |  |  | Utilize financial laws, regulations, and policies to explain the purpose of each to a given situation.
 |  |  |  |  | Explain how organization and industry policies affect industry practices.
 |  |  |  |  | Analyze organization and individual procedures for compliance with financial laws, regulations, and policies.
 |  |  |  |  | Identify major instances of noncompliance with financial laws, policies, and regulations.
 |  |  |  |  | Apply financial laws, regulations, and policies to a given situation.
FNPB06.01 | Organizational Skills | #5: Fundamentals of Financial Management and Investment Planning | Use organizational skills to perform financial operations. | Schedule appointments and calendars to manage work responsibilities. | Record appointments.
 |  |  |  |  | Maintain manual and electronic calendars.
 |  |  |  |  | Synchronize all schedules and calendars.
 |  |  |  | Organize work priorities to meet deadlines. | Establish “to do” lists with scheduled completion dates.
 |  |  |  |  | Organize work in logical sequence.
 |  |  |  |  | Schedule work priorities to meet due dates.
 |  |  |  |  | Meet deadlines.
Code | Topic | Course | Knowledge and Skill | Performance Element | Measurement Criteria
 |  |  | (CONTINUED) | Organize materials to maintain an orderly flow of work. | Identify documents, forms, and materials needed.
 |  |  |  |  | Prepare flow charts for procedures and workflow.
 |  |  |  |  | Develop written procedures and/or instructional manuals.