Florida Department of Education
Curriculum Framework 

The standards and/or benchmarks for this program were updated for the 2026-27 academic year. The course title for Digital Information Technology (8207310) has been changed to Digital Business Foundations for the 2026-27 academic year.

Program Title:	Global Finance 
Program Type:	Career Preparatory
Career Cluster:	Finance

Secondary – Career Preparatory	
Program Number	8515300	
CIP Number	0252080111	
Grade Level	9-12	
Program Length	5 credits	
Teacher Certification	Refer to the Program Structure section.	
CTSO	DECA, FBLA, BPA	
SOC Codes (all applicable)  	43-3021 – Billing and Posting Clerks
43-3031 – Bookkeeping, Accounting and Auditing Clerks
43-4041 – Credit Authorizers, Checkers and Clerks
13-1161 – Market Research Analysts and Marketing Specialists	
CTE Program Resources 	http://www.fldoe.org/academics/career-adult-edu/career-tech-edu/program-resources.stml	

Purpose 

This pathway leads to a concentration in Global Finance.  This path provides students with an understanding of how and why businesses choose to expand their operations into other countries.  Courses expose students to the unique challenges facing multinational organizations—and to the potential opportunities and markets that are lost to organizations that choose not to do business in the global marketplace.  Building on concepts that broadens student understanding of how businesses operate and how they grow and thrive in our ever-changing world.

The path begins with an overview of globalization, including world factors pushing organizations to expand into other markets in order to remain viable.  Students explore cultural and political differences that affect organizational operations and decision making.  They then learn about international trade investment and international finance, including an examination of the role of the International Monetary Fund.  Students study business strategies that enable organizations to compete effectively in the global marketplace.  Finally, students explore international business as a potential career.

This path offers a sequence of courses that provides coherent and rigorous content aligned with challenging academic standards and relevant technical knowledge and skills needed to prepare for further education and careers in the Finance career cluster; provides technical skill proficiency, and includes competency-based applied learning that contributes to the academic knowledge, higher-order reasoning and problem-solving skills, work attitudes, general employability skills, technical skills, and occupation-specific skills, and knowledge of all aspects of the Finance Career Cluster. 

Additional Information relevant to this Career and Technical Education (CTE) program is provided at the end of this document.

Program Structure

This program is a planned sequence of instruction consisting of five credits.

To teach the courses listed below, instructors must hold at least one of the teacher certifications indicated for that course.

The following table illustrates the secondary program structure:

Course
Sequence	Course Number	Course Title	Teacher Certification	Length	SOC Code	Level	Graduation Requirements	
Course 1
Options	8207310	Digital Business Foundations	DBF Teacher Certifications	1 credit	15-1151	2	CT	
Course 1 Options	8815150	Business Communication and Technology	BANK FINC @7 7 G
BUS ED 1 @2
MKTG 1 @2
MKTG MGMT  7 G	1 credit	43-3021	2	CT	
Course 2	8203310	Accounting Applications 1 (no substitutions)	ACCTING @7  7 G
BANK FINC @7 7 G
BOOKKEEPIN @4 @7 7 G
BUS ED 1 @2
MANAG SUPV 7 G
MKTG 1 @2
MKTG MGMT 7 G
TC COOP ED @7
VOE @7	1 credit	43-3031	3	CT	
Course 3 Options	8815130	Financial Internship 	BANK FINC @7 7 G
BUS ED 1 @2
MKTG 1 @2
MKTG MGMT 7 G	1 credit	43-4041	2	CT	
Course 3 Options	8501420	Finance Cooperative Education – OJT  		1 credit		2	CT	
Course 4	8815160	Managerial Accounting		1 credit		3	CT	
Course 5	8815170	Business in a Global Economy		1 credit	13-1160	3	CT	
(Graduation Requirement Codes: CT= Career & Technical Education, EQ= Equally Rigorous Science, EC= Economics, MA= Mathematics, 
PL= Personal Financial Literacy)

Florida’s Career Readiness Skills for CTE Programs

Employability Skills	
01.0	Apply academic skills to workplace scenarios.	
01.01	Use reading skills.	
01.02	Use writing skills.	
01.03	Use mathematical strategies and procedures.	
01.04	Use scientific principles and procedures.	
02.0	Design a solution to an industry problem.	
02.01	Use critical thinking.	
02.02	Use creativity.	
02.03	Make sound decisions.	
02.04	Solve problems.	
02.05	Reason. 	
02.06	Plan and organize.	
03.0	Manage resources within an industry project	
03.01	Manage time.	
03.02	Manage money or resources.	
03.03	Manage materials.	
03.04	Manage personnel.	
04.0	Oversee the subcomponents, operations and output of a technical or organizational system.	
04.01	Manage systems.	
04.02	Monitor systems.	
04.03	Improve systems.	
05.0	Use information for decision making.	
05.01	Locate information.	
05.02	Organize information.	
05.03	Use information.	
05.04	Analyze information.	
05.05	Communicate information.	
06.0	Apply relevant technology to workplace scenarios to aid productivity.	
06.01	Use technology.	
07.0	Interpret and express interpersonal communication.	
07.01	Communicate verbally.	
07.02	Listen actively.	
07.03	Comprehend written material.	
07.04	Convey information in writing.	
07.05	Communicate nonverbally.	
07.06	Interpret nonverbal communication.	
08.0	Interact with others to accomplish workplace goals.	
08.01	Collaborate with others in a team.	
08.02	Respond to customer needs.	
08.03	Exercise leadership.	
08.04	Negotiate to resolve conflict.	
08.05	Respect others.	
09.0	Manage personal behavior to maximize productivity and professional growth.	
09.01	Demonstrate responsibility and self-discipline.	
09.02	Adapt and show flexibility.	
09.03	Work independently.	
09.04	Demonstrate a willingness to learn.	
09.05	Demonstrate integrity.	
09.06	Demonstrate professionalism.	
09.07	Take initiative.	
09.08	Display positive attitude.	
09.09	Take responsibility for professional growth.	
Career Exploration & Planning 	
10.0	Explain career opportunities aligned with the regional economy and personal aspirations.	
10.01	Describe regional occupations that are high-demand, high-growth, high-wage and/or high-skill.	
10.02	Describe careers aligned with his or her interests, skills and values based on career assessment, experiential learning, career informational interviews, research and/or reflection.	
11.0	Explain postsecondary pathways aligned with his or her career aspirations.	
11.01	Compare and contrast postsecondary pathways, including education, employment, entrepreneurship and enlistment (the “Four Es”). 	
11.02	Compare and contrast regional postsecondary training provider options, including apprenticeships, technical colleges, state colleges, universities and industry-recognized certification providers. 	
11.03	Define postsecondary credentialing and stacking options, including industry-recognized certifications, apprenticeship certificates of completion, career certificates, licenses and associate or baccalaureate degrees. 	
11.04	Compare postsecondary training data for training programs of interest, such as total costs, average student loan debt, and median earnings and job placement rates after program completion.	
12.0	Develop a personalized career and academic plan.	
12.01	Prioritize an occupation, credential and postsecondary training provider for plan formation.	
12.02	Self-assess progress toward meeting graduation requirements and skill-development goals.	
12.03	Develop and complete a chronological checklist of steps and deadlines prior to postsecondary training or national service application that includes any required documentation to gather, writing prompts and examinations.	
12.04	Identify a variety of financial aid opportunities, including scholarships, grants, savings, work, work-study programs, private loans and federal loans.	
12.05	Develop a postsecondary training budget that is inclusive of living and school expenses.	
Job Attainment	
13.0	Find, assess and apply to job opportunities.	
13.01	Identify online job posts relevant to his or her career aspirations.	
13.02	Compare and contrast the job posts’ required qualifications, job duties, compensation, benefits and employers. 	
13.03	Define what information, documentation and writing prompts are required for the positions.	
14.0	Communicate personal competence, character and fit for a job opportunity.	
14.01	Develop a resume.	
14.02	Write a cover letter.	
14.03	Curate a professional portfolio that includes work products.	
14.04	Prepare for and experience a mock job interview.	
15.0	Cultivate and leverage relationships to professionally advance.	
15.01	Request a signed reference letter, letter of recommendation and/or an online skill/professionalism endorsement. 	
15.02	Develop a plan to cultivate a professional digital footprint.	
15.03	Develop a networking plan for a specific industry of interest.	

Standards

Digital Business Foundations (8207310) is an optional course in this and other programs within the Finance Career Cluster.  The first standards associated with this course are listed first (01.0 – 9.0).

After successfully completing this program, the student will be able to perform the following:

Digital Business Foundations 
01.0	Demonstrate responsible, ethical, and effective behavior when using digital tools, resources, and networks. 
02.0	Develop an awareness of personal and business computing systems.  
03.0	Enhance communication and productivity skills.  
04.0	Use word processing applications to enhance the effectiveness of various types of documents and communication. 
05.0	Use presentation applications to enhance communication skills.  
06.0	Use spreadsheet applications to enhance productivity and communication. 
07.0	Demonstrate an understanding of a content management system (CMS). 
08.0	Explore ways to research careers and plan for future goals.
09.0	Demonstrate leadership and team-building skills to enhance workplace performance and achieve organizational goals. 

OR
Business Communication and Technology 
10.0	Use oral and written communication skills in creating, expressing and interpreting information and ideas.
11.0	Demonstrate proficiency in using microcomputer and electronic skills to perform job functions.
12.0	Use technology to enhance the effectiveness of communication utilizing word processing applications.
13.0	Use technology to enhance the effectiveness of communication utilizing slide presentation applications.
14.0	Explain the importance of employability and entrepreneurship skills.
15.0	Manage career development.
16.0	Demonstrate knowledge, skill, and application of information systems to accomplish job objectives and enhance workplace performance.
17.0	Use information technology tools. 
18.0	Describe the importance of professional ethics and legal responsibilities.
19.0	Apply mathematical operations and processes to accomplish job objectives and enhance workplace performance.

AND
Accounting Applications 1
20.0	Describe management functions and organizational structures as they relate to today’s workplace and employer/employee roles.
21.0	Practice quality performance in the learning environment and the workplace. 
22.0	Apply mathematical operations and processes as well as financial planning strategies to commonly occurring personal and business situations. 
23.0	Assess personal strengths and weaknesses as they relate to job objectives, career exploration, personal development, and life goals. 
24.0	Apply accounting principles and concepts to the performance of accounting activities. 
25.0	Apply accounting principles and concepts using appropriate technology.

AND
Financial Internship
26.0	Perform critical job skills.
27.0	Display professional work habits.
28.0	Demonstrate ethical behavior.

OR
Finance Cooperative Education - OJT
29.0	Perform designated job skills. 
30.0	Demonstrate work ethics. 

AND
Managerial Accounting
31.0	Explain the concepts of managerial accounting.
32.0	Prepare financial statements. 
33.0	Demonstrate understanding of budget planning. 
34.0	Prepare budgeted income statements. 
35.0	Determine cash budget.
36.0	Analyze cost. 
37.0	Demonstrate knowledge of break-even analysis.
38.0	Analyze decisions.
39.0	Explain the manufacturing environment.
40.0	Explain costing systems.
41.0	Evaluate profitability.
42.0	Calculate liquidity and debt.
43.0	Calculate asset management ratios.
44.0	Assess organizational controls.
45.0	Demonstrate the ability to work in managerial accounting.
46.0	Evaluate learning from industry experts.
47.0	Demonstrate leadership and teamwork skills needed to accomplish team goals and objectives.
48.0	Demonstrate personal money-management concepts, procedures, and strategies.
49.0	Describe the roles within teams, work units, departments, organizations, inter-organizational systems, and the larger environment.
50.0	Describe the importance of professional ethics and legal responsibilities.
51.0	Design final course project.

Business in a Global Economy
52.0	Define the concept of globalization. 
53.0	Compare and contrast country differences. 
54.0	Explain the applications of international trade investment. 
55.0	Demonstrate applications in international finance. 
56.0	Explain the strategies for competing in a global marketplace. 
57.0	Select careers in international business for career planning. 

Florida Department of Education
Student Performance Standards

Course Title:		Digital Business Foundations
Course Number:	8207310
Course Credit:	1

Course Description:

This course is designed to provide a basic overview of current business and information systems and trends, and to introduce students to fundamental skills required for today's business and academic environments.  Emphasis is placed on developing fundamental computer skills.  The intention of this course is to prepare students to be successful both personally and professionally in an information based society.  Digital Business Foundations includes the exploration and use of: databases, the internet, spreadsheets, presentation applications, management of personal information and email, word processing and document manipulation, HTML, web page design, and the integration of these programs using software that meets industry standards.  

Digital Business Foundations (8207310) is part of several programs across the various CTE career clusters.  To ensure consistency, the standards and benchmarks for this course (01.0 – 9.0) have been placed in a separate document.   To access this document, visit: Digital Business Foundations (8207310).

Florida Department of Education
Student Performance Standards

Course Title: 	Business Communication and Technology 
Course Number: 	8815150
Course Credit:	1

Course Description:

This course is designed to provide an overview of current business, finance and information systems and trends and to introduce students to the foundations required for today's business environments.  Emphasis is placed on developing proficiency with computer applications, so that they may be used as communication tools for enhancing personal and work place proficiency in an information-based society.  This also includes proficiency with computers using databases, spreadsheets, presentation applications, financial and tax software applications and the integration of these programs using software that meets industry standards.  

CTE Standards and Benchmarks	
10.0	Use oral and written communication skills in creating, expressing and interpreting information and ideas.  The student will be able to:	
10.01	Select and employ current communication concepts and strategies to enhance oral and written communication in the workplace.	
10.02	Locate, organize, reference and validate written information from multiple sources, such as digital and print.	
10.03	Design, develop and deliver presentations using appropriate media to engage and inform diverse audiences.	
10.04	Demonstrate appropriate verbal and nonverbal cues/behaviors to enhance speaking and listening skills.	
10.05	Develop and interpret tables and charts to support written and oral communications.	
10.06	Exhibit public relations skills that aid in achieving interpersonal communication.	
11.0	Demonstrate proficiency in using microcomputer and electronic skills to perform job functions.  The student will be able to:	
11.01	Apply the following tools to increase work efficiency:  word processing, database, spreadsheet programs, presentation programs, web design, email systems, and the Internet.	
11.02	Utilize computer technology to access, analyze and interpret business information.	
11.03	Cite Internet-based resources correctly using proper format.	
12.0	Use technology to enhance the effectiveness of communication utilizing word processing applications.  The student will be able to:	
12.01	Select and use word processing software and accompanying features to enhance written business communications.	
12.02	Fully utilize all word processing features including mail merge and macros to improve the efficiency of projects.	
12.03	Format content to a document by applying font, paragraph attributes, indent and tab settings to text and paragraphs.  Apply spacing settings to text and paragraphs.  Navigate and search through a document, create and manipulate tables.	
12.04	Create and manipulate illustrations, such as tables, images, media, and text.	
12.05	Apply references and hyperlinks, create end and footnotes, and create a table of contents in a document.	
12.06	Apply industry-accepted formats for business correspondence including block, modified block, and semi-block.	
13.0	Use technology to enhance the effectiveness of communication utilizing slide presentation applications.  The student will be able to:	
13.01	Navigate the presentation software environment, including:  adjusting views, manipulating window, configuring toolbar and file options.	
13.02	Create slide presentations utilizing using features such as adding and removing slides, slide layouts and format slide design.	
13.03	Locate, create, adjust and incorporate graphical and multimedia elements, including:  shapes, graphics, images, bullets, hyperlinks, video, and audio into a slide presentation appropriate for the project.	
13.04	Explore and apply design and color theory to create dynamic and appealing visuals.  	
13.05	Apply slide transitions and create custom animations to slide presentations appropriate for the target audience.	
14.0	Explain the importance of employability and entrepreneurship skills.  The students will be able to:	
14.01	Identify and demonstrate positive work behaviors needed to be employable, such as punctuality, attendance and dependability.	
14.02	Develop personal career plan that includes goals, objectives, and strategies.	
14.03	Examine licensing, certification, and industry credentialing requirements.	
14.04	Maintain a career portfolio to document knowledge, skills, and experience.	
14.05	Evaluate and compare employment opportunities that match career goals.	
14.06	Identify and exhibit traits for retaining employment.	
14.07	Identify opportunities and research requirements for career advancement.	
14.08	Research the benefits of ongoing professional development.	
14.09	Examine and describe entrepreneurship opportunities as a career planning option.	
14.10	Exhibit punctuality, attendance and dependability.	
14.11	Willingness to receive and accept feedback and use it constructively.	
14.12	Demonstrate problem solving, critical thinking, and decision making skills.	
14.13	Foster teamwork to improve quality of work.	
14.14	Use group consensus strategies.	
15.0	Manage career development.  The student will be able to: 	
15.01	Research possible career paths.	
15.02	Research education needs/requirements.	
15.03	Explain the importance of participating in a business-related career and technical student organization (i.e., BPA, DECA, FBLA, etc.).	
15.04	Attend leadership seminars, workshops, or tradeshows offered by professional and/or student organizations.	
15.05	Explain the importance of having a written job description.	
15.06	Investigate industry designations/licensing/degrees.	
15.07	Compare employment benefits packages.	
15.08	Use personal assessment tools to identify personal strengths and weaknesses related to learning and work environments.	
15.09	Analyze job and career requirements and relate career interests to opportunities in the global economy.	
15.10	Build and maintain a portfolio reflecting experiences and skills gained during the course of study.	
15.11	Demonstrate understanding of proper business etiquette related to finance careers. (i.e., introductions, phone etiquette, dining, networking, marketing, online services and community service).	
16.0	Demonstrate knowledge, skill, and application of information systems to accomplish job objectives and enhance workplace performance.  The student will be able to:	
16.01	Apply ergonomic principles applicable to the configuration of computer workstations.	
16.02	Develop keyboarding skills to enter and manipulate text and data.  	
16.03	Describe and use current and emerging computer technology and software to perform personal and business-related tasks.	
16.04	Use reference materials such as on-line help, tutorials, and manuals available for application software.	
16.05	Demonstrate basic file management skills.	
16.06	Troubleshoot problems with computer software, hardware, peripherals, and other office equipment. 	
16.07	Select and use standard written business and financial communication formats. 	
17.0	Use information technology tools.  The students will be able to:	
17.01	Employ technological tools to expedite workflow including word processing, databases, reports, spreadsheets, multimedia presentations, electronic calendar, contacts, email, and internet applications.	
17.02	Employ computer operations applications to access, create, manage, integrate, and store information.	
17.03	Employ collaborative/groupware applications to facilitate group work.	
18.0	Describe the importance of professional ethics and legal responsibilities.  The students will be able to:	
18.01	Evaluate and justify decisions based on ethical reasoning.	
18.02	Evaluate alternative responses to workplace situations based on personal, professional, ethical, legal responsibilities, and employer policies.	
18.03	Identify and explain personal and long-term consequences of unethical or illegal behaviors in the workplace.	
19.0	Apply mathematical operations and processes to accomplish job objectives and enhance workplace performance.  The student will be able to:	
19.01	Use appropriate mathematical formulas and processes as they are needed in business. 	
19.02	Use spreadsheet software to develop basic financial reports.	
19.03	Demonstrate knowledge of arithmetic operations.	
19.04	Analyze and apply data and measurements to solve problems and interpret documents.	
19.05	Construct charts/tables/graphs using functions and data.	

Florida Department of Education
Student Performance Standards

Course Title: 	Accounting Applications 1
Course Number: 	8203310
Course Credit:	1

Course Description:

This course emphasizes double-entry accounting; methods and principles of recording business transactions; the preparation of various documents used in recording income, expenses, acquisition of assets, incurrence of liabilities, and changes in equity; and the preparation of financial statements.  The use of computers and appropriate software is required.  

CTE Standards and Benchmarks	
20.0	Describe management functions and organizational structures as they relate to today’s workplace and employer/employee roles.  The student will be able to:	
20.01	Describe how accounting departments work within and across organizations.	
20.02	Describe the roles and responsibilities of employees within the organization of a small, medium, or large accounting department (including the CFO, controller, accounting manager, accounts payable and receivable coordinator, payroll administrator, bookkeeper and credit and collection manager).	
20.03	Compare and contrast the various forms of business ownership (e.g., sole proprietorships, partnerships, corporations) and other organizational structures (e.g., nonprofit organizations, government agencies).	
20.04	List the advantages and disadvantages of each form of business ownership.	
21.0	Practice quality performance in the learning environment and the workplace.  The student will be able to: 	
21.01	Perform tasks accurately, completely, and with attention to detail consistently. 	
21.02	Think critically and make informed decisions. 	
21.03	Develop and articulate a personal and business code of ethical behavior.	
22.0	Apply mathematical operations and processes as well as financial planning strategies to commonly occurring personal and business situations.  The student will be able to:	
22.01	Develop an awareness of effective credit management.	
22.02	Prepare and analyze a personal budget.	
23.0	Assess personal strengths and weaknesses as they relate to job objectives, career exploration, personal development, and life goals.  The student will be able to:	
23.01	Analyze job and career requirements and relate career interests to opportunities in accounting occupations in the global economy. 	
24.0	Apply accounting principles and concepts to the performance of accounting activities.  The student will be able to:	
24.01	Demonstrate the application of the full accounting cycle (including chart of accounts, use of t accounts, journalizing business transactions, posting of journal entries, preparation of trial balance, journalizing and posting of adjusting entries, journalizing and posting of post-closing entries, and preparation of an income statement, statement of owner’s equity, and balance sheet).	
25.0	Participate in work-based learning experiences in class or online.  The student will be able to:	
25.01	Apply accounting principles in an accounting environment. 	
25.02	Explore the use of technology in an accounting environment.	
25.03	Complete a work-based simulation.	

Florida Department of Education
Student Performance Standards

Course Title: 	Financial Internship
Course Number: 	8815130
Course Credit:	1

Course Description:

The financial internship course provides students with authentic learning experiences in which they demonstrate human relations, technical, communication, and career development skills through entry level employment in the financial services industry.  Through hands-on project management, major tasks outlined in a training plan, mentors supervise student learning in specific skill attainment and professional development.  Students earn high school credit and financial compensation.

CTE Standards and Benchmarks	
26.0	Perform critical job skills.  The student will be able to:	
26.01	Apply literacy skills in technical reading, computing and calculating.	
26.02	Perform tasks as outlined in the individualized job performance skills plan.	
26.03	Maintain relevant employment documents.	
26.04	Sustain mentoring relationships in the workplace.	
26.05	Communicate in business settings by listening, writing, speaking and presenting with professional demeanor.	
26.06	Collaborate, communicate and interact utilizing technology.	
26.07	Offer alternative suggestions or solutions rather than simply rejecting others ideas.	
26.08	Contribute to team efforts by fulfilling responsibilities and valuing diversity.	
26.09	Explore networking opportunities through professional associations.	
26.10	Exercise proper judgment in decision making.	
26.11	Adapt to changing organizational environments with flexibility.	
26.12	Build a portfolio reflecting experiences and skills gained during the internship.	
27.0	Display professional work habits.  The student will be able to:	
27.01	Report as expected, on time, appropriately dressed and groomed and ready to work. 	
27.02	Create a positive professional image through proper introductions, eye contact, and a firm handshake.	
27.03	Model acceptable work habits and conduct in the workplace as defined by company policy.	
27.04	Complete and follow through on tasks and take initiative as warranted.	
27.05	Respond to internal and external customers’ needs and concerns.	
27.06	Practice business etiquette and social sensitivity in face-to-face interaction, on the telephone and the Internet.	
27.07	Build bridges between conflicting attitudes and ways of thinking.	
28.0	Demonstrate ethical behavior.  The student will be able to:	
28.01	Compare business activities to professional standards.	
28.02	Show empathy, respect and support for others.	
28.03	Value confidentiality and privacy.	
28.04	Recognize gender and cultural inappropriate behaviors.	

Florida Department of Education
Student Performance Standards

Course Title:		Finance Cooperative Education - OJT
Course Number:	8501420
Course Credit: 	1

Standards and Benchmarks 	
29.0	Perform designated job skills.  The student will be able to:	
29.01	Perform tasks as outlined in the training plan.	
29.02	Demonstrate job performance skills.	
29.03	Demonstrate safety procedures on the job.	
29.04	Maintain appropriate records.	
29.05	Attain an acceptable level of productivity.	
29.06	Demonstrate appropriate dress and grooming habits.	
30.0	Demonstrate work ethics.  The student will be able to:	
30.01	Follow directions.	
30.02	Demonstrate good human relations skills on the job.	
30.03	Demonstrate good work habits.	
30.04	Demonstrate acceptable business ethics.	

Florida Department of Education
Student Performance Standards

Course Title: 	Managerial Accounting
Course Number: 	8815160
Course Credit:	1

Course Description:

Managerial Accounting introduces the fundamentals of management accounting, including manufacturing and cost accounting, budgeting, accounting for managerial decision-making, and financial statement analysis.  Students learn how to use accounting information for internal decision-making and planning and control.  In addition, students examine career opportunities as an accountant and the education, experience, and skills needed to enter and succeed in the accounting profession.  Regardless of the career path they choose, this course gives students the financial acumen necessary to make informed personal and business decisions. 

CTE Standards and Benchmarks	
31.0	Explain the concepts of managerial accounting.   The student will be able to:	
31.01	Compare and contrast financial accounting with managerial accounting.	
31.02	Explain the purpose of managerial accounting and describe the audience.	
31.03	List the four major areas of managerial accounting and summarize each 	
31.04	Describe how accounting information is used to make business decisions.	
32.0	Prepare financial statements.  The student will be able to:	
32.01	Compare and contrast the components of a manufacturing business income statement and balance sheet with those of a service business.	
32.02	Demonstrate the ability to analyze an income statement using component percentages.	
32.03	Demonstrate the ability to analyze a balance sheet using vertical analysis.	
32.04	Discuss the key components of a cash flow statement.	
32.05	Demonstrate the ability to prepare and analyze a retained earnings statement.	
33.0	Demonstrate understanding of budget planning.  The student will be able to:	
33.01	Describe the budgeting process and the purposes and importance of budgeting.	
33.02	List the sources of budget information.	
33.03	Describe the interrelationship between budgeting and forecasting.	
34.0	Prepare budgeted income statements.  The student will be able to:	
34.01	Describe the purpose of an operational plan.	
34.02	Demonstrate the ability to prepare sales and purchases budget schedules.	
34.03	Demonstrate the ability to prepare expenses budget schedules.	
34.04	Demonstrate the ability to prepare budgeted income statements.	
34.05	Prepare a budget variance report.	
35.0	Determine cash budget.  The student will be able to:	
35.01	Describe the purpose and importance of a cash budget.	
35.02	Demonstrate the ability to prepare a cash budget, with schedules of cash receipts and cash payments. 	
35.03	Prepare a performance report.	
35.04	Analyze a performance report.	
36.0	Analyze cost.  The student will be able to:	
36.01	Compare and contrast total costs and unit costs.	
36.02	Demonstrate the ability to compute total costs and unit costs.	
36.03	Compare and contrast fixed costs and variable costs.	
36.04	Demonstrate the ability to calculate gross profit, contribution margin, and contribution margin per unit.	
37.0	Demonstrate knowledge of break-even analysis.  The student will be able to:	
37.01	Explain the purpose of break-even analysis.	
37.02	Explain the break-even point formula.	
37.03	Demonstrate the ability to calculate the break-even point.	
37.04	Demonstrate the ability to determine the sales required to earn a planned net income.	
38.0	Analyze decisions.  The student will be able to:	
38.01	Demonstrate the ability to analyze the effect on profit of changes in cost, sales price, volume, and sales mix.	
38.02	Demonstrate the ability to perform a cost analysis for a new product.	
38.03	Evaluate the profitability of a declining product.	
39.0	Explain the manufacturing environment.  The student will be able to:	
39.01	Compare and contrast cost accounting in the manufacturing, assembly, and retail industries.	
39.02	List the cost elements of any finished product.	
39.03	Describe the elements of manufacturing cost.	
40.0	Explain costing systems.  The student will be able to:	
40.01	Compare and contrast job-order costing and process costing.	
40.02	Explain the environment appropriate for a process costing system.	
40.03	Explain the importance of calculating manufacturing costs.	
40.04	Explain the flow of goods through manufacturing inventory accounts.	
40.05	Explain the environment appropriate for a job-order costing system.	
41.0	Evaluate profitability.  The student will be able to:	
41.01	List the types of financial ratios and describe the type of information each provides.	
41.02	Explain how financial ratios are used.	
41.03	Demonstrate the ability to calculate profitability ratios in a given scenario.	
41.04	Evaluate profitability ratios in a given scenario.	
42.0	Calculate liquidity and debt.  The student will be able to:	
42.01	Demonstrate the ability to calculate liquidity ratios.	
42.02	Evaluate liquidity ratios in given scenarios.	
42.03	Demonstrate the ability to calculate debt ratios.	
42.04	Evaluate debt ratios in given scenarios.	
43.0	Calculate asset management ratios.  The student will be able to:	
43.01	Demonstrate the ability to calculate the accounts receivable turnover ratio.	
43.02	Evaluate accounts receivable turnover ratios in given scenarios.	
43.03	Demonstrate the ability to calculate the merchandise inventory turnover ratio.	
43.04	Evaluate merchandise inventory turnover ratios in given scenarios.	
43.05	Demonstrate the ability to calculate the total asset turnover ratio.	
43.06	Demonstrate the ability to calculate the fixed asset turnover ratio.	
44.0	Assess organizational controls.  The student will be able to:	
44.01	Explain key ways managerial accounting is used to ensure that organizations are operating in the intended manner and are achieving their goals.	
44.02	Demonstrate the ability to identify business exposures in given scenarios.	
44.03	Propose solutions to business exposures in given scenarios.	
45.0	Demonstrate the ability to work in managerial accounting.  The student will be able to:	
45.01	Compare and contrast various career opportunities in managerial accounting.	
45.02	Describe the educational paths one may take to attain a position in managerial accounting.	
45.03	Explain how knowledge of managerial accounting assists managers in decision making.	
45.04	Demonstrate the ability to conduct an effective interview with an individual who works in managerial accounting.	
46.0	Evaluate learning from industry experts.  The student will be able to:	
46.01	Evaluate personal experience and qualifications for potential employment   opportunities in managerial accounting.	
46.02	Demonstrate understanding of potential employment opportunities in managerial accounting.	
46.03	Develop a personal educational and career path for careers in managerial accounting.	
47.0	Demonstrate leadership and teamwork skills needed to accomplish team goals and objectives.  The students will be able to:	
47.01	Employ leadership skills to accomplish organizational goals and objectives.	
47.02	Establish and maintain effective working relationships with others in order to accomplish objectives and tasks.	
47.03	Conduct and participate in meetings to accomplish work tasks. 	
47.04	Employ mentoring skills to inspire and teach others.	
48.0	Demonstrate personal money-management concepts, procedures, and strategies.  The students will be able to:	
48.01	Identify and describe the services and legal responsibilities of financial institutions.	
48.02	Describe the effect of money management on personal and career goals.	
48.03	Develop a personal budget and financial goals	
48.04	Complete financial instruments for making deposits and withdrawals.	
48.05	Maintain financial records.	
48.06	Read and reconcile financial statements.	
48.07	Research, compare and contrast investment opportunities.	
49.0	Describe the roles within teams, work units, departments, organizations, inter-organizational systems, and the larger environment.  The students will be able to:	
49.01	Describe the nature and types of business organizations.	
49.02	Explain the effect of key organizational systems on performance and quality. 	
49.03	List and describe quality control systems and/or practices common to the workplace.	
49.04	Explain the impact of the global economy on business organizations.	
50.0	Describe the importance of professional ethics and legal responsibilities.  The student will be able to:	
50.01	Evaluate and justify decisions based on ethical reasoning.	
50.02	Evaluate alternative responses to workplace situations based on personal, professional, ethical, legal responsibilities, and employer policies.	
50.03	Identify and explain personal and long-term consequences of unethical or illegal behaviors in the workplace.	
50.04	Interpret and explain written organizational policies and procedures.	
51.0	Design final course project.  The student will be able to:	
51.01	Demonstrate the ability to give a professional presentation.	
51.02	Evaluate personal experience and performance in the course.	
51.03	Monitor how well s/he was successful in learning about managerial accounting.	
51.04	Summarize key learning across the whole subject of managerial accounting.	

Florida Department of Education
Student Performance Standards

Course Title: 	Business in a Global Economy
Course Number: 	8815170
Course Credit:	1

Course Description:

This course provides students with an understanding of how and why businesses choose to expand their operations into other countries.  This course exposes students to the unique challenges facing multinational organizations—and to the potential opportunities and markets that are lost to organizations that choose not to do business in the global marketplace.  Building on concepts that broadens student understanding of how businesses operate and how they grow and thrive in our ever-changing world.  

CTE Standards and Benchmarks	
52.0	Define the concept of globalization.  The student will be able to:	
52.01	Define “globalization” and explain how it creates linkages between nations.	
52.02	Discuss the benefits and detriments of globalization.	
52.03	Describe how the process of globalization creates opportunities and challenges.	
53.0	Compare and contrast country differences.  The student will be able to:	
53.01	Define “culture,” and name and discuss the elements of culture.	
53.02	Explain how social culture influences values in the workplace. 	
53.03	Describe the risks inherent in cross-cultural business transactions.	
53.04	Compare and contrast the world’s three dominant economic systems.	
53.05	Explain what determines nations’ economic development. 	
53.06	Describe the implications of national political, economic, and legal differences across countries.	
54.0	Explain the applications of international trade investment.  The student will be able to:	
54.01	Explain how and why countries trade with each other.	
54.02	Describe the pros and cons of international trade to all nations.	
54.03	Compare and contrast international trade to the countries involved.	
54.04	Discuss the decision process involved in international investment.	
54.05	Explain how countries measure international activity.	
54.06	Describe the causes and effects of economic crises as reflected in the balance of payments.	
55.0	Demonstrate applications in international finance.  The student will be able to:	
55.01	Explain the role played by the World Bank and the international monetary fund in the international monetary system.	
55.02	Describe the differences between fixed and floating exchange rate systems.	
55.03	Describe the world’s exchange rate regimes and why countries adopt them.	
55.04	Explain the implications of the global monetary system for business strategy.	
55.05	Define exchange rates and explain how currencies are traded.	
55.06	Describe the functions of the foreign exchange market.	
55.07	Explain the role played by forward exchange rates in ensuring against foreign exchange risk.	
55.08	Explain how currency exchange rates are determined.	
55.09	Define translation, transaction, and economic exposures, and describe how managers can protect against each one.	
56.0	Explain the strategies for competing in a global marketplace.  The student will be able 	
56.01	Define “business strategy”, “universal needs,” and “localization”	
56.02	Explain how firms can profit through global expansion.	
56.03	Explain how pressures for cost reductions and local responsiveness influence business strategy.	
56.04	Describe different strategies for competing globally and discuss their benefits.	
56.05	Evaluate the pros and cons of using strategic alliances to support global strategies.	
56.06	Describe the decision-making process for foreign expansion.	
56.07	Compare and contrast modes of entry into foreign markets.	
56.08	Evaluate the pros and cons of acquisition as an entry strategy.	
56.09	Describe ways to improve export performance.	
56.10	Identify available sources of assistance to exporters.	
56.11	Discuss reasons to vary product attributes, distribution strategy, advertising and promotion, and pricing by country.	
56.12	Describe the effects of globalization on new product development.	
56.13	Perform break-even analysis to evaluate a marketing plan.	
56.14	Calculate bulk prices to per-unit costs.	
56.15	Calculate how many years it will take for an investment to double.	
56.16	Compare and contrast types of organizational structures for global operations.	
56.17	Describe the factors that affect decisions about global organization structure.	
56.18	Describe the challenges inherent in maintaining control of international operations.	
56.19	Explain the different roles of labor and labor participation in international markets.	
56.20	Define ethics and discuss the ethical challenges unique to international businesses.	
56.21	Analyze ethical dilemma scenarios and determine the appropriate course 	
56.22	Describe the causes of unethical behavior by managers.	
56.23	Describe actions managers can take to incorporate ethical considerations in decision making.	
56.24	Explain how trends in the political environment are changing global competition.	
56.25	Explain how changes in the global financial environment affect businesses.	
56.26	Describe how firms can prepare to keep pace with global change.	
57.0	Select careers in international business for career planning.  The student will be able to:	
57.01	Compare and contrast various career opportunities in international business.	
57.02	Describe the educational paths one may take to achieve a position in international business.	
57.03	Conduct an effective interview with an individual who works in international business.	
57.04	Evaluate personal experience and qualifications for potential employment opportunities.	
57.05	Demonstrate understanding of potential employment opportunities.	
57.06	Develop a personal educational and career path for careers in international business.	
57.07	Demonstrate effective presentation skills.	
57.08	Evaluate personal experience and performance in the course.	
57.09	Summarize key learning objectives pertaining to a career path.	

Additional Information

Laboratory Activities

Laboratory investigations that include scientific inquiry, research, measurement, problem solving, emerging technologies, tools and equipment, as well as, experimental, quality, and safety procedures are an integral part of this career and technical program/course. Laboratory investigations benefit all students by developing an understanding of the complexity and ambiguity of empirical work, as well as the skills required to manage, operate, calibrate and troubleshoot equipment/tools used to make observations. Students understand measurement error; and have the skills to aggregate, interpret, and present the resulting data. Equipment and supplies should be provided to enhance hands-on experiences for students.

Florida Standards for English Language Development (ELD)

English language learners communicate for social and instructional purposes within the school setting. ELD.K12.ELL.SI.1

English Language Development (ELD) Standards Special Notes:
Teachers are required to provide listening, speaking, reading and writing instruction that allows English language learners (ELL) to communicate for social and instructional purposes within the school setting.   For the given level of English language proficiency and with visual, graphic, or interactive support, students will interact with grade level words, expressions, sentences and discourse to process or produce language necessary for academic success. The ELD standard should specify a relevant content area concept or topic of study chosen by curriculum developers and teachers which maximizes an ELL’s need for communication and social skills. For additional information on the development and implementation of the ELD standards, please contact the Bureau of Student Achievement through Language Acquisition at sala@fldoe.org.

Career and Technical Student Organization (CTSO)

CTSOs are co-curricular career and technical student organizations providing leadership training and reinforcing specific career and technical skills. Career and Technical Student Organizations provide activities for students as an integral part of the instruction offered. Other CTSOs not listed in this curriculum framework or recognized by the Florida Department of Education are permissible provided they support student mastery over the standards and benchmarks of this curriculum framework.

Cooperative Training – OJT

On-the-job training is appropriate but not required for this program.  Whenever offered, the rules, guidelines, and requirements specified in the OJT framework apply. 

Accommodations

Federal and state legislation requires the provision of accommodations for students with disabilities as identified on the secondary student’s Individual Educational Plan (IEP) or 504 plan or postsecondary student’s accommodations’ plan to meet individual needs and ensure equal access.  Accommodations change the way the student is instructed.  Students with disabilities may need accommodations in such areas as instructional methods and materials, assignments and assessments, time demands and schedules, learning environment, assistive technology and special communication systems.  Documentation of the accommodations requested and provided should be maintained in a confidential file.

In addition to accommodations, some secondary students with disabilities (students with an IEP served in Exceptional Student Education (ESE)) will need modifications to meet their needs.  Modifications change the outcomes or what the student is expected to learn, e.g., modifying the curriculum of a secondary career and technical education course.  Note: postsecondary curriculum and regulated secondary programs cannot be modified.

Some secondary students with disabilities (ESE) may need additional time (i.e., longer than the regular school year), to master the student performance standards associated with a regular course or a modified course.  If needed, a student may enroll in the same career and technical course more than once.  Documentation should be included in the IEP that clearly indicates that it is anticipated that the student may need an additional year to complete a Career and Technical Education (CTE) course.  The student should work on different competencies and new applications of competencies each year toward completion of the CTE course.  After achieving the competencies identified for the year, the student earns credit for the course.  It is important to ensure that credits earned by students are reported accurately.  The district’s information system must be designed to accept multiple credits for the same course number for eligible students with disabilities.