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Technical Skills Assessments: Business and Finance Programs

Technical Skills Assessments: Business and Finance Programs. Michigan State Board of Education Meeting October 12, 2010. Perkins IV Requirement.

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Technical Skills Assessments: Business and Finance Programs

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  1. Technical Skills Assessments: Business and Finance Programs Michigan State Board of Education Meeting October 12, 2010

  2. Perkins IV Requirement • Student attainment of career and technical skill proficiencies, including student achievement on technical assessments, that are aligned with industry-recognized standards

  3. Assessment and AccountabilityAdvisory Group • Originally formed to provide input to OCTE to develop the Perkins State Plan • Will continue as an advisory group throughout the CTE assessment program

  4. Business, Management andAdministration Assessment • States’ Career Cluster Business, Management, Administration and Operations Foundation Standards • NOCTI General Management Pathway Assessment aligns to these cluster level standards

  5. Assessment Item: Standard IX.G. Understands the processes and systems implemented to monitor, plan, and control the day-to-day activities required for continued business functioning. A sales forecast can help a retailer: • accurately plan for the upcoming holiday season • maintain accurate purchasing records • determine the cost of goods sold • determine past profits

  6. Assessment Item: Standard VIII.B.3. Understands economic systems to be able to recognize the environments in which businesses function. A market economy is one that : a. is dependent on agriculture and natural resources b. has low economic wealth c. has all economic activities regulated by the government d. is based on supply and demand

  7. Accounting-Advanced Assessment • NOCTI Accounting-Advanced assessment is aligned to the standards adopted for the secondary Finance and Financial Management Services program • Measures knowledge required of entry-level workers in the finance industry

  8. Accounting-Advanced Item An inventory method that shows a change in the amounts on hand as the changes occur is called a _______ inventory. A. physical B. perpetual C. merchandise control D. sales

  9. Accounting-Advanced Item The declaration of a cash dividend is recorded as a: A. debit to Retained Earnings and a credit to Dividends Payable B. credit to Stock Dividends and a debit to Owner’s Equity C. debit to Stock Dividends and a credit to Owner’s Equity D. credit to Retained Earnings and a debit to Dividends Payable

  10. Criterion-Referenced Cut Scores • Recommended cut score for General Management assessment: 53 • Recommended cut score for Accounting-Advanced assessment: 46.6

  11. Current Status of CTE Assessments 2010-2011 • Health Sciences Assessment (approved 2009) – continuing implementation • Field test of Accounting-Advanced assessment for Finance completed 2010. Implementation upon approval • Field test of General Management assessment for BMA completed 2010. Implementation upon approval • Field test of Agriculture, Food and Natural Resources assessment initiated 2010 – continuing in 2010-2011 • Field test of Aviation assessment initiated in 2010 – continuing in 2010-2011

  12. Contact For more information, contact: Patty Cantú, Director Office of Career and Technical Education 241-2900 cantup@michigan.gov

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