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 Accountability Advisory 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 and A dministration 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: a. accurately plan for the upcoming holiday season b. maintain accurate purchasing records c. determine the cost of goods sold d. 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 Health Sciences Assessment (approved 2009) – continuing implementation Field test of Accounting-Advanced assessment for Finance completed Implementation upon approval Field test of General Management assessment for BMA completed Implementation upon approval Field test of Agriculture, Food and Natural Resources assessment initiated 2010 – continuing in Field test of Aviation assessment initiated in 2010 – continuing in

12 Contact For more information, contact: Patty Cantú, Director Office of Career and Technical Education