LONG ISLAND BTA’S ANNUAL STUDENT CONTEST

DATE: THURSDAY, APRIL 20, 2017PLACE: COMMACK HIGH SCHOOLTIME: 3:00 – 4:30

CONTEST INFORMATION

CONTEST REGISTRATION FORM (must be postmarked by March 24, 2017) Registration Postmark Date Transcript Requirements Contest Fees General Eligibility Rules General Contest Rules Individual Contest Rules Contest Study Guides

Accounting Business Calculations Business Law Business Principles College Accounting Computer Applications Entrepreneurship Fashion Merchandising & Marketing Marketing Personal Finance Sports Marketing Web Design Word Processing

Proctoring Assignments Directions to Commack High School Contest Results Awards Luncheon Contest Chairpersons Contact Info

Long Island Business Teacher’s Association

POSTMARK DATE

Registration form, payment and transcripts must be postmarked by March 24, 2017. A copy of the registration form can be found on our web site. Please email this form by March 24, 2017 to scabrera@farmingdaleschools.org. WE WILL BE STRICTLY ADHERING TO THE DEADLINE.

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TRANSCRIPT REQUIREMENTS

A transcript is required for all students competing in the contest. It the transcript does not include the current courses, please enclose the current report card. Please highlight on the transcript the related course of the contest the student is competing in and write on the top of the transcript, in bold letters, the contest the student is entering.

Often the course’s name in your school may not match the contest name so this step will assist the Contest Chairs in verifying your students’ eligibility.

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CONTEST FEES

A fee of $15 per student must be submitted by check or purchase order with your registration form. The fee has been increased due to new insurance requirements. Please make check or purchase order payable to Long Island BTA.

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GENERAL ELIGIBILITY REQUIREMENTSA. Students currently enrolled in public or private high schools in Nassau or Suffolk

counties are eligible. Schools MUST be a member of Long Island BTA. Any school that is not a member should submit a membership application and dues with the contest registration. Applications are available on our web site www.longislandbta.org.

B. Students may compete in only one contest.C. Students may not enter a contest in which they have previously competed.D. Students must be accompanied to the contest by an adult.E. A transcript/current report card must be submitted for each contestant.F. Two students from each school may be entered in each contest.

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GENERAL CONTEST RULES

A. Fees – registration fee is $15 for each student entered. An additional membership of $75 for a department is to be paid by those schools that are not already a member of Long Island BTA.

B. Registration Procedures – List the names of the students who will represent your school in the various contests. Send the registration form, a check or purchase order made payable to Long Island BTA and student transcripts to:

Mrs. Stacy CabreraFarmingdale High School150 Lincoln StreetFarmingdale, NY 11735

C. The contest will be held on Thursday, April 20, 2017 between 3:00 and 4:30 pm at Commack High School. Buses should not arrive before 2:45 pm. Please leave enough travel time so that the test may begin on time. Tests begin at 3:15pm.

D. For the Word Processing and Computer Applications Contest, contestants will be provided with a PC computer installed with Microsoft Word 2010. Students may also use their own laptop if they are unfamiliar with this software.

E. Students who wish to use calculators must bring their own calculators. Students are not allowed to use cell phones or dictionaries. Students should bring No. 2 pencils since all written exams will use Scantron forms.

F. All contests, except Word Processing, Computer Applications, and Web Design, will be machine scored.

G. If a contest is under subscribed, the Committee may limit the number of awards given and invitations to the Awards Luncheon.

H. Any school that has a student needing special accommodations must contact the Contest Chair. A signed letter from that school’s Guidance Department will be necessary to authorize special needs.

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INDIVIDUAL CONTEST RULES

A. ACCOUNTING Students who are currently enrolled in the first year of a full-year accounting

course are eligible to participate.

B. BUSINESS CALCULATIONS Students who are enrolled in any business education course may participate in

this contest. Here is an opportunity to have an outstanding student from any course participate.

C. BUSINESS LAW Students who are currently enrolled in any first year business law course are

eligible to participate.

D. BUSINESS PRINCIPLES Students who are enrolled in any business education course may participate in

this contest. Here is an opportunity to have an outstanding student from any course participate.

E. COLLEGE ACCOUNTING Students who are enrolled in the current school year in college level accounting

course are eligible to participate.

F. COMPUTER APPLICATIONS Students who are currently enrolled in a Computer Application/Office Applications

course are eligible to participate. The test will include a project integrating PowerPoint, Excel and charting

functions. Students may bring their own laptop if they are unfamiliar with the software

provided.

G. ENTREPRENEURSHIP Students who are enrolled in a half-year/full-year Business Ownership,

Entrepreneurship or Leadership course may participate in this contest.

H. FASHION MERCHANDISING AND MARKETING Students who are enrolled in a half-year/full-year Fashion Merchandising and

Marketing course may participate in this contest.

I. MARKETING Students who are currently enrolled in a first-year Marketing course or College

Marketing course are eligible to participate.

J. PERSONAL FINANCE Students who are currently enrolled in a course following a Financial

Management/Wall Street based curriculum may participate.

K. SPORTS MARKETING Students who are currently enrolled in a first-year Principles of Marketing or half-

year/full-year Sports Marketing course may participate.

L. WEB DESIGN One team of two students who are currently enrolled in a half-year/full-year Web

Design course may participate. Students are to provide their own laptop with necessary software.

M. WORD PROCESSING Students who are currently enrolled in a first-year keyboarding course or

computer application course; or who were enrolled during the current school year are eligible to participate.

Students may use their own laptop if they are unfamiliar with the software provided.

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PROCTORING ASSIGNMENTS

As always, we are in need of proctors to make this day a success. Please indicate on the registration form the name(s) of staff that will proctor. Every effort will be made to email you your assignment and instruction before the day of the contest. Your support is greatly appreciated.

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DIRECTIONS TO COMMACK HIGH SCHOOL

Traveling From the West

Take the Eastbound LIE to Exit 52, Commack Road. Turn left onto Commack Road.

Proceed North on Commack Road (after Jericho Turnpike Commack Road becomes Townline Road) approximately 4 miles to Scholar Lane. The high school is on the corner. Turn right onto Scholar Lane and left into the school parking lot. There will be security guards to direct buses to the parking lot, which will be reserved for LONG ISLAND BTA contestants. Do not go into the main traffic circle. Students and chaperones should enter the building through the new wing (large cement cougar on front entrance).

Traveling From the East

Take the Westbound LIE to Exit 53, as there is no Exit 52. Turn right onto Commack Road.

Proceed North on Commack Road (after Jericho Turnpike Commack Road becomes Townline Road) approximately 4 miles to Scholar Lane. The high school is on the corner. Turn right onto Scholar Lane and left into the school parking lot. There will be security guards to direct buses to the parking lot, which will be reserved for LONG ISLAND BTA contestants. Do not go into the main traffic circle. Students and chaperones should enter the building through the new wing (large cement cougar on front entrance).

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CONTEST RESULTS

Contest results will be posted on www.longislandbta.org by the end of the week following the contest. Luncheon Information and registration will be available on the website as well.

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AWARDS LUNCHEON

The Annual Awards Luncheon will take place on May 18, 2017. First through third place winners will be guests of Long Island BTA at the luncheon. Fourth and fifth place winners are invited to attend the luncheon at their own cost. Parents are also invited to attend at their own cost. Any winner not attending the luncheon will have their plaques mailed to their school directly. If a contest is under subscribed, the Contest Committee may limit the number of awards and invitations to the Awards Luncheon.

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CONTEST CONTACT INFORMATION

All registration forms, check/purchase orders, and transcripts must be postmarked by March 24, 2017 and mailed to:

Stacy CabreraFarmingdale High School150 Lincoln StreetFarmingdale, NY 11735

For questions or concerns:scabrera@f armingdaleschools.org

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Accounting Outline

The World of Business and Accountingo Forms of Business

Advantages/Disadvantageso Basic Accounting Assumptions

Business Transactions and the Accounting Equation Recording Transactions in General Journal Posting to General Ledger 10 Column Worksheet Financial Statements

o Sole Proprietorshipo Corporation

Cash Control and Banking Activities Payroll Accounting Cash Funds

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BUSINESS CALCULATIONS OUTLINE

Fundamental Mathematical Operationo Whole numberso Percents, fractions, Decimals o Averageso Simple Equationso Ratio and Proportion

Business Operationso Determining the Cost of Manufacturingo Pricing Manufactured Goodso Retail Sellingo Distribution of Profits

Office Applications/Corporate Planningo Payrollo Financial Statement Analysiso Probabilityo Economic Indicators

Personal Financial Managemento Purchasing Goodso Insurance o Automobile Ownershipo Taxeso Rental vs. Ownership of Real Propertyo Budgets

Personal/Corporate Financial Managemento The Checking Accounto Computing Interesto Borrowing Moneyo Savings and Investmentso Stocks, Bonds, Annuitieso Comparing Investments

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BUSINESS LAW CONTEST OUTLINE

Court Systems Tort Law Contract Law Consumer Law

o Sales of goodso Warranties/Guaranteeso Personal property & bailmentso Intellectual Property

Agencies Employment Law Forms of Business Ownership Marital Law Real Property Insurance

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BUSINESS PRINCIPLES OUTLINEBusiness Principles Outline

Characteristics of Business Nature of Business/Types of Businesses/Changing Nature of Business

Effectiveness, Efficiency

Business Growth and Prosperity

Domestic/Foreign Goods

Gross Domestic Product (GDP)

Entrepreneurship/Small Business/Franchise/Intrapreneurship

Social and Ethical Environment of Business/Economic Environment of Business

Stakeholders

Economic System/Economics Needs & Wants

Factors of Production

Capital Goods

Human Capital

Supply and demand

Business Cycles

Inflation

Proprietorships and Partnership

Characteristics of Entrepreneurs

What do you need to get a business started?

o Proprietorships/Sole Proprietorship/Partnership/LLP

Creditors

Assets/Liabilities/Equity

Corporate Forms of Business Ownership

Corporations

Role in Economy/Basic Features

Important Players of a Corporation

Stockholders/Shareholders

Directors (Board of Directors)

Dividends

Types of Organizations

o LLC

o Nonprofit

o Quasi Public

Nature and Scope of Marketing

Buying, Selling, Transporting

Costs of Marketing, Role of Marketing

Logo, Slogan, Brand

Market Determination

4 P’s of Marketing

Marketing Plan

o Product Life Cycle - 4 Steps

Types of Goods: Consumer, Industrial, Convenience, Shopping, Unsought, Specialty

Pricing and Promotion

Credit Terms, Types of Discounts

Net profit

Markup/Markdown

Advertising, False advertising

Returns / Damaged Goods

Human Resources Management

Functions of Human Resources Management – Career Planning

Hiring, Promoting, Transferring, and Releasing Employees

Employee Turnover, Exit Interview

Wages, Commission, Taxes, Gross Pay, Net Pay, and Salary Plans

Employee Benefits & Laws/Insurance Coverage/Labor Unions

Management and Decision Making

Planning, Organizing, Controlling, Leading

Supervision

Steps of Problem solving

Personal Finance

Budgeting/Installment Terms/Checkbook Balances/Savings Accounts

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College Accounting Outline

Nature of Business and Accountingo Types of Business and Business Organizationso Types of Business Organizationso Business Stakeholderso Generally Accepted Accounting Principleso Accounting Equationo Business Transactions and the Accounting Equation

Analyzing Transactionso Using Accounts to Record Transactions

Chart of Accounts Analyzing and Summarizing Transactions in T-accounts

o Double-Entry Accountingo Posting o Trial Balanceo Discovery and Correction of Errors

The Adjusting Processo 10 Column Worksheeto Journalize Adjusting Entrieso Adjusted Trial Balance

Completing the Accounting Cycleo Financial Statementso Closing Entrieso Post-Closing Trial Balance

Accounting for a Merchandising Businesso Financial Statementso Perpetual vs. Periodic Entrieso Adjusting Entries

Inventories

o Inventory Methods-Perpetualo Inventory Methods-Periodico Comparing Methodso Reporting Inventory on Financialso Estimating Inventory Cost

Sarbanes-Oxley, Internal Control and Casho Objectives of Internal Controlo Elements of Internal Controlo Bank Reconciliationo Special Purpose Funds

Receivableso Classification of Receivableso Uncollectible Receivableso Direct Write-Off vs. Allowance Method

Fixed Assets and Intangible Assetso Nature of Fixed Assetso Accounting for Depreciationo Disposal of Fixed Assetso Intangible Assets

Current Liabilities and Payroll

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Computer Applications Outline Students MUST be able to use spell check and be able to proofread for non-spelling errors

PowerPoint:

Information will be provided to create PowerPoint from. 4 slide PowerPoint presentation: 1 title slide 2 informational slides (bulleted lists) 1 slide design 1 image

Excel:

Title above the columns Bold/center/format text/merge Cell align text Payroll formulas (gross pay, taxes/deductions, net pay) Format: 2 decimals and comma separator, with and without currency Basic functions: total, average, maximum, minimum Printing, display and layout options Graphing (column or bar or line) Title and label each axis Data labels Insert it into the PowerPoint

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Entrepreneurship Outline

CHARACTERISTICS OF SUCCESSFUL ENTREPRENEURS

ENTREPRENEURS IN A MARKET ECONOMY

TYPES OF COSTSo Marginalo Fixedo Variableo Opportunity

TYPE OF BUSINESS STRUCTUREo Sole Proprietorshipso Partnershipso S Corporationso Franchises

BUSINESS PLANSo Purposeo Components

MARKET RESEARCH PROCESS

FINANCE, PROTECT AND INSURE YOUR BUSINESS

SMALL BUSINESS ADMINISTRATION

RECORDKEEPING AND ACCOUNTINGo Income Statemento Cash Flow Statemento Balance Sheeto Bank Statemento Financial Management

TECHNOLOGY

LEGAL, ETHICAL, SOCIAL RESPONSIBILITIES Patent

o Trademarko Copyrighto License

COMMISSIONSo Consumer Product Safetyo Federal Trade

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Fashion Merchandising Outline

Meaning of clothing Fashion Movement

o Fashion Acceptance Curve Economic Concepts

o Forms of Business Satisfying the Fashion Market

o Market Researcho Market Segmentationo Marketing mix

Using Design in Fashion Textile Fibers and Yarns Promotion and Advertising Visual Merchandising

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Marketing Outline

Basic Marketing Fundamentals Strategic marketing planning and forecasting The consumer market Marketing research and analysis Segmentation, targeting, and positioning Product concepts and management Service and nonprofit marketing Pricing strategy Marketing channels Wholesaling and industrial distribution Retailing Promotional strategies and processes Quality and customer service Legal, ethical and social marketing aspects

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PERSONAL FINANCE OUTLINE

Needs vs. Wants Supply & Demand Circular Flow Budgets

o Fixed & Variable Expenses Taxes

o Sales, Property, Incomeo W-4/ taxes/ w-2/ 1040EZ

Gross Payo Calculating Net Income

Basic Bankingo Bank Serviceso ATMo Debit Cards

Saving and Investing Stocks and Bonds

o Risko Interest/Dividends

Checking/Debit Accountso Managing a Checkbooko Bank Reconciliationo Bank Statements

Credit Cards Insurance

o Caro Renterso Health

.

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SPORTS MARKETING OUTLINE

Marketing Essentialso Functions of Marketing o What is a Market?o Market Segmentation

Geographic Demographic Psychographic

o 4 P’s of Marketingo Channels of Distribution

Managing Marketing Informationo Market Research

Legal and Ethical Concerns o Patentso Copyrightso Brandingo Trademarkso Licensingo Endorsements

Product Advertising Sales

o Sales Processo Distribution

Pricing Stadium Design Marketing the Team

o Jersey Design and Logo o Mascot o Promotions o Attracting Fans o Fan Retention o Community Outreach – Camps, Lessons, etc.

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Web Design Outline Besides the list below, the student should make sure there are no spelling and non-spelling errors on any of the Web pages. Two pages Each with a title Header/banner Paragraph Background color / image Font properties Images with alt text List Internal links between pages Table, cell padding, spacing, border color, and cell background color External links Spelling and grammar errors Presentation, layout, color scheme and creativeness

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WORD PROCESSING OUTLINE In 60 minutes, students should be able to format the following using Microsoft Word:

BUSINESS LETTER Parts of a Letter Block-Style Format Create a table, alignment, format

NEWSLETTER (text will be provided) Headline Columns Borders/Shading Bullets Aligning and Formatting Text Adding/Formatting Images Drop Cap

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