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

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. 

2019 TOPIC: Golden Goddess Enterprises began 60 years ago when its founder, Donna Lowenstein, began selling her organic shampoo and conditioner in her local drugstore in Columbus, OH. Over the years, Golden Goddess has grown to be a multi-million dollar corporation, with their products being sold in stores across the Midwest as well as online. Ten years ago Golden Goddess expanded its product line and began producing a line of natural sunscreens. While the haircare lines are manufactured at the same facility, the sunscreen is manufactured at a separate facility. Both the shampoo lines and sunscreen lines have been profitable, while the conditioner line continues to struggle. Golden Goddess’s Board of Directors is considering several possible scenarios and has hired your financial consulting company to analyze the data and make a recommendation. Possible recommendations could include (but are not limited to): (1) Drop the conditioner line since it is unprofitable and focus resources on expanding the shampoo and sunscreen lines; (2) Drop the sunscreen line and refocus resources on their core haircare lines; or (3) Keep all three lines as currently produced. 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.

2019 TOPIC: When a business holds a real or perceived monopoly, they have an advantage over their competitors that is often deemed an unfair competitive advantage. Research the different types of monopolies and the impact of monopolistic behavior on the market, both positive and negative. Your research may include, but is not limited to: (1) Vertical and Horizontal integration; (2) Legal vs. Illegal monopolistic behavior; and (3) Global and US Antitrust lawsuits on US companies (Sherman Antitrust Act, Clayton Act, Bell Atlantic, Microsoft, Google, et.al). 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).

2019 TOPIC: The most common barrier to free trade, governments around the world employ, is the use of tariffs. Research the reasons a country will use to institute tariffs in varying markets and the impacts of those tariffs on that good, as well as, the national and global economy as a whole. Your research may include, but is not limited to: (1) Comparative advantage and trade benefits; (2) Trade balances; (3) US historical examples such as the United States Tariff Act of 1930 (Smoot-Hawley or Hawley-Smoot) or current US and global tariffs; (4) Reciprocity; (5) The costs and benefits of tariffs; and (6) Consumer impact of tariffs. 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.

2019 TOPIC: There has been a dramatic increase in the accessibility and connectivity to others in the world today. What should the expectations be for those in the administrative support role to be available and connected to their job, coworkers and supervisors outside of scheduled working hours? What is the importance of a work-life balance? 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.

2019 TOPIC: Develop a flyer and logo promoting the Business Professionals of America National Leadership Conference in Washington, D.C., May 6-10, 2020. 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).

2019 TOPIC: In recent years, many companies have adopted a social mission as a way to help better society and the world around us, such as selecting a green initiative, providing natural disaster relief, or even sharing their products with those in need. Compassion Reality, a not-for-profit organization, has asked your team to help develop a social mission they can use throughout their efforts. Compassion Reality helps with need-efforts in the United States and is investigating opening an international department to expand their efforts globally. Your team will suggest a new mission, develop a marketing plan to communicate this new mission, as well as make suggestions on marketing and expansion in international territories.
Your marketing plan should include, but is not limited to: (1) Logistics for implementation; (2) Liabilities and legal issues; (3) Organizational makeup; and (4) International considerations. 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).

TOPIC: You have been contacted by Mr. Steve Anderson, small business owner, to help him find some creative solutions to the problems he is facing in his business. Mr. Anderson owns a small retail business (Anderson’s Retail) that sells items from toys to clothes to office supplies to hardware. His business is located in three small towns throughout the state. His business is well-received by the communities where they are located, but since retailers like Walmart and Amazon have become popular he has seen a significant drop in his profits. The company runs under the same name, but each store acts independently of the other. Merchandise is ordered from the supplier separately by all three locations, based on need. Each store has different rules and policies. Each store has a manager who decided when to run sales and clearances when they feel the store could benefit. Mr. Anderson does visit each location at least weekly to check to see how things are being run and help where needed. Mr. Anderson has had to increase prices due to the lack of profit. He has also had to cut back on employees and charitable donations to schools and community fundraisers. Mr. Anderson even tried to sell product online and ship products to customer homes, but he found that the online sales cost him more money because his online payment provider charges him and packaging his product cost him too much money (i.e. cardboard boxes, packaging material, etc.). Mr. Anderson feels like he has tried everything possible and is becoming disheartened thinking his business is going to fail. What do you suggest Mr. Anderson do to help his struggling business become profitable again? Consider the following in your presentation: (1) Should Mr. Anderson close a location or even all three stores? (2) What can be done to generate new revenue streams or cut current costs? (3) Is there another model or type of business Mr. Anderson should consider that would not be costly to enter with his current assets? (4) The business locations are all in small towns. What can he do get the community members to want to support his business? (5) Should he relocate 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.

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: You have been hired to present at an Emerging Executives Conference. Your presentation is to target how executives demonstrate professionalism in the workplace and how it effects company branding. Things to consider, but not limited to: (1) Identify appropriate dress for business men and women including casual Fridays, company social events, and social media; (2) How does demonstration of professionalism effect verbal and nonverbal communication? (3) What other etiquette procedures for meetings and meal functions need to be addressed? (4) Use data to support your presentation; (5) Follow copyright when using company logos and likenesses. 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 a conference event planning team. You are proposing a new venue location for a national conference. The conference will: (1) Have approximately 6,000 attendees ages 14 – 25 with chaperones; (2) Need approximately 1,500 sleeping rooms; (3) There will be whole group meetings and breakout sessions; (4) Provide a social event opportunity for all attendees; and (5) Create a stage layout with a theme. Things to consider, but not limited to: (1) Identify location and capacity minimums; (2) What services and amenities are provided? (3) Address accessibility and flow of facility; (4) Identify costs; (5) Do attendees get a conference gift with their registration? (6) Use data to support your presentation; (7) Follow copyright when using company logos and likenesses. You may not use any BPA NLC locations from 2014 – 2024.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 9, 2018
  • Entry Fee: $20 per Team, Paid by Students
  • Submission Deadline: January 25, 2019
  • Video Conference Presentation: TBD (top 20)