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.

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

www.bpa.org/torch-awards

  

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

Trophies!


Finance Events


Fundamental Accounting100 ]

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

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

Advanced Accounting [ 110 ]

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

Assessment of intermediate and advanced accounting principles. Members analyze, journalize, and update accounts in order to prepare financial reports/statements for partnerships and corporations. VERY CHALLENGING.

Payroll Accounting [ 125 ]

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

Process payroll data using manual payroll procedures. Members calculate earnings, complete payroll registers, update employee records, journalize payroll entries, 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 member’s knowledge of bank operations, bank services, loans, credit administration, and customer service.

Financial Analyst Team [ 150 ]

JUDGED TEAM (Report, Spreadsheet, Presentation)
 

The team will use analytical and problem-solving skills to make recommendations regarding 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 (2-4 students in a team). 

2023 TOPIC: Prior to the pandemic, Amber was a yoga teacher at a local yoga studio in Cleveland, Ohio. During the pandemic, Amber began to post yoga videos to her personal social media accounts, since the yoga studio she taught at was closed. The yoga studio has since closed permanently, so Amber is now considering opening her own yoga studio and has identified two possible scenarios. Scenario 1: Amber found a building she could buy for $550,000 in an older residential neighborhood. The studio has five rooms that could be used as activity rooms, plus a small office and front desk area. Scenario 2: Amber also found a space to lease for $1,200 a month in the entertainment district. The studio has two small activity rooms and a small front desk area. Under both scenarios, Amber would need to hire a front desk receptionist, and estimates she can charge $25 per yoga or Pilates class. Amber is unsure what she should do and would like your expert advice. Please prepare a financial analysis of both scenarios, including all additional expenses that Amber has not yet considered and potential revenue streams. Amber has hired you as a consultant to help her through this process. You will make a presentation of your findings, including break-even analysis and pro forma financial statements, along with your recommendation as to how she should proceed. See contest details for more info.

Economic Research Individual155 ]
JUDGED INDIVIDUAL (Typed Research Paper; PowerPoint Presentation)
 

One economic research topic is selected by the National Center and provided at the beginning of the school year. The member will conduct research on the topic and present findings in a research paper, an oral presentation, and respond to questions from a panel of judges.

2023 TOPIC: Currently the economy in the United States is dealing with high inflation. One of the tools the Federal Reserve uses to fight inflation is raising interest rates. Historically, how effective has the practice been? Compare and contrast the current period of inflation with prior periods of high inflation in the United States. See contest details for more info.

Economic Research Team [ 160 ]

JUDGED TEAM (Typed Research Paper; PowerPoint Presentation)
 

One economic research topic is selected by the National Center and provided at the beginning of the school year. The team will conduct research on the topic 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). 

2023 TOPIC: In the National Football League (NFL), the Raiders recently relocated from Oakland to Las Vegas. Research the economic situation that would lead a professional sports team to move from one city to another. What is the economic impact on both cities? See contest details for more info.

Personal Financial Management [ 165 ]

TESTED INDIVIDUAL (Written Test)
   

Members will answer objective questions dealing with concepts and perform calculations related to the financial topics of credit, savings, budgeting, investing, personal income tax, retirement planning, risk management, and insurance. Members 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 entry-level 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. Members 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.

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)
 

One administrative support topic is selected by the National Center and provided at the beginning of the school year. Members will conduct research on the topic and present findings in a research paper, an oral presentation, and respond to questions from a panel of judges.

2023 TOPIC: What are three challenges that administrative assistants face in their day-to-day work? Why are these challenges, and how do those affect the organization? What are some solutions or strategies for each of the challenges that an administrative assistant can use to solve or cope with them? 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 and illustrate that theme in various promotional materials.

2023 TOPIC: You have been hired by a local video game company called Games ‘R Us create promotion materials for an upcoming conference. You will need to design a skin that will work on a phone, a computer, and a sticker for water bottles. You can choose the phone and computer skin models you would like to design for, and your designs must follow the same theme but cannot be the same for all three products. See contest details for more info.

 


Management, Marketing, HR Events


Global Marketing Team [ 500 ]

JUDGED TEAM (Typed Marketing Plan; PowerPoint Presentation)
 

Develop a marketing plan, following the guidelines outlined in the Style & Reference Manual, that details pricing strategies and promotional plans for a business (2-4 students in a team).

2023 TOPIC: Background - The old adage "a picture is worth a thousand words" has become a standard in today‘s world of real estate. As the market evolves at lightning speed, the aerial photography services industry is reporting unprecedented growth, particularly in residential and commercial listings. By providing professionally captured 360-degree aerial photos and videos that showcase key selling points of a real estate listing, realtors are leveraging drone aerial photography services to increase online visibility and stand out to potential clients. Task - To capitalize on this growing trend, Nirvana Aerial Solutions, a local “fictious” drone aerial photography 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. 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. At state and national level, teams will be presented with an additional element to the scenario that requires revision of their final presentation (2-4 students in a team).

2023 TOPIC: A local business owner, Juan Mendez, is looking for ways to grow his small electronics repair business. Juan runs the business by himself and often stays late at work to ensure that his orders are completed quickly for his customers. Juan has a reputation for being affordable and able to fix most issues his customers have with their devices from cell phones to gaming consoles to computers. Juan has earned himself a reputation for being very knowledgeable and always being able to help his customers. Juan spends more time at the business away from his family than he would like but is not able to take any time off from the business and continue to meet the demand of customers. Juan’s services are the average price for repairs for his area, but he is only able to complete three to five repairs per day depending on what repairs need to be made and what equipment is needed to repair items. Juan has also accumulated several pieces of equipment that he has not needed and was unable to return. Things such as internal components of gaming controllers, outdated cell phone screen replacements, and other outdated equipment are scattered throughout the storage areas of his business. Additionally, Juan spends a large chunk of time learning how to repair new devices as he receives them due to the wide variety of services he offers. Juan has hired your team to provide possible strategies to allow Juan to be able to grow his business. 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 3-7 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.

2023 TOPIC: The cost of higher education continues to rise — and more and more future college students are finding it difficult to keep up. So, what are your options? You know it’s important to get an education and develop a marketable skill so you can compete in the workforce of the future. One solution many students overlook is starting at a community college. Prepare a presentation for your counseling office showcasing community college as a viable option for post-secondary education. Things to consider but not limited to: The pros and cons of a community college education; Options for students while still in high school; How would you promote community college as an option; Anecdotal stories from current studentsSee 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.

2023 TOPIC: The working world is changing. In our increasing flexible workplaces, the notion of a ‘job for life’ and the concept of a 9-5 workday is diminishing. In its place is the gig economy, cooperative working online platforms (often apps) where people work on temporary contracted assignments (gigs), often as and self-employed freelancers. Some well-known gig economy platforms include Shipt, DoorDash, Fiverr, and Airbnb. Create a presentation for your local chamber of commerce explaining what the gig economy is and why a town/city should consider this a valid business model to include in their membership that can benefit their city and other member businesses. Things to consider but not limited to: The positives and negatives of gig work for a person; The role gig work can play in supporting local businesses; How gig workers can benefit a local community. See contest details for more info.

Trophies!

 

Virtual Events

These events are offered only at the national level. All members may register and submit entries. There are no limits. There will be a $20 fee for each team. Registration deadline is no later than 11:59 p.m. on December 1, 2022. You may take as many Virtual Events as you would like.

Virtual Competiton Round One - Technical Scoring. Based upon the number of final submissions in each of the virtual event contests, the competitors will be randomly assigned into sections. Within each section, all competitors will be judged using the technical rubric in the individual WSAP contest guidelines. Upon completion of the technical judging, the number of competitors that will advance to the presentation round will be determined by the number of sections. The number of competitors that will advance to the presentation round will not exceed 20 competitors.

Virtual Competition Round Two - Presentation Scoring. During the presentation round, the competitors (not to exceed 20) will create a presentation following the individual competition guidelines. The combined scores (Round One - Technical and Round Two - Presentation) will determine the top ten (10) competitors that will be invited to NLC.

During the National Leadership Conference. The top 10 competitors from each division in each of the Virtual Events from each division are invited to participate in the BPA National Showcase and the BPA National Showcase Business Panel. During the National Leadership Conference, the top 10 competitors are invited to compete for the National Showcase Best in Show Award in each competition.

Start-up Enterprise Team VIRTUAL

 

Teams (2-4 members) will 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 event may be repeated but previously used business plans may not be submitted. 

  • Registration deadline is no later than 11:59 p.m. on December 1, 2022. The $20 fee must be paid at time of registration. 
  • Submit the completed Business Plan, Works Cited, and signed Release Forms no later than 11:59 p.m. on January 15, 2023. 

Financial Portfolio Management Team  VIRTUAL

 

Teams (2-4 members) will enter an investment simulation using an online platform provided by a BPA partner. The simulation will provide the students $100,000 initially, to be used to invest in stocks, mutual funds, and/or bonds. Awards will be presented at NLC. 

  • Registration deadline is no later than 11:59 p.m. on December 1, 2022. The $20 fee must be paid at time of registration.
    Round One: All registered teams will participate in a virtual stock market challenge.
  • Round Two: The top twenty (20) teams from Round One will be invited to create and present a virtual presentation no longer than ten (10) minutes on their strategies for success and challenges faced. 

Social Media Marketing Campaign Team VIRTUAL - Pilot

 

Teams (2-4 members) will develop a social media marketing campaign, following the guidelines outlined in the Style & Reference Manual, that details pricing strategies and promotional plans for a business.

2023 TOPIC: Your consulting firm has been retained to develop and present a social media marketing campaign for an event in your local region. Concerts have the potential to create additional excitement for both a performer and companies that sponsor them. One key component of ensuring success during live events is the social media marketing approach utilized by both the sponsoring corporations and the musical acts. Your task is to create a comprehensive social media marketing campaign utilizing the following information. Digital Solutions is interested in partnering with a high-profile musician and hosting a charity concert benefiting your chosen nonprofit organization. In your campaign, you must be able to defend your budget in regard to the revenue and profit of the business. Use the Social Media Marketing Campaign format in the Style & Reference Manual and the rubric as your guide.

  • Registration deadline is no later than 11:59 p.m. on December 1, 2022. The $20 fee must be paid at time of registration.
    Submit the completed Marketing Plan, Works Cited, and signed Release Forms no later than 11:59 p.m. on January 15, 2023.

Trophies!

 

Open Events

You may 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.

Trophies!