DOC

Finance Skill Standards Checklist

By Joel Murray,2014-08-07 12:10
6 views 0
Finance Skill Standards Checklist

Department of Workforce Development Division of Employment and Training

    Finance

    Skill Standards Checklist

Student Name School District

YA Coordinator YA Consortium

High School Graduation Date

    Certification Areas Completed: Level One Requirements:

    Students must complete ALL listed below Required Skills - For EACH Pathway

    Check ; completed areas Check ; completed areas

     Required Skills Core Skills

     Minimum of ONE Unit Safety and Security

     Minimum of two semesters related instruction

     Minimum rating of 450 work hours Finance Business Financial Management Pathway Accounting Services Basic Unit Accounting Services Advanced Unit

    Banking and Related Services Pathway Level Two Requirements:

     Banking Basic Unit Students must complete all listed below

     __ Plus minimum 7 additional Competencies Check ; completed areas

     Required Skills for EACH Unit Banking Advanced Unit

     __ Plus minimum 10 additional Competencies Minimum of TWO Units

     Minimum of four semesters related instruction Insurance Pathway Minimum of 900 work hours Insurance Services Unit

    Total Hours

    Employed Company Name Telephone Number

DETW-16368-E (N. 7/2008)

    Instructions for the Worksite Mentor(s) and Instructor(s)

    The Skill Standards Checklist is a list of the competencies (tasks) to be achieved through mentoring at the worksite.

    ; The worksite mentor should rate each competency as the student acquires and demonstrates the skill

    according to the performance criteria.

    ; A competency may be revisited and the score raised as the student becomes more proficient at the

    worksite.

    ; The mentor and student should go over this checklist together on a regular basis to record progress and

    plan future steps to complete the required competencies.

    I certify that this student has successfully completed the competencies required in my department. Circle your YA role, sign and print your name, and complete with the date and the name of your department.

    SIGN this page IF you have been a mentor, trainer, or instructor of this student Mentor/Trainer/Instructor Signature Mentor/Trainer/Instructor Signature

Printed Name Printed Name

Department Department

Date Signed Date Signed

Mentor/Trainer/Instructor Signature Mentor/Trainer/Instructor Signature

Printed Name Printed Name

Department Department

Date Signed Date Signed

Mentor/Trainer/Instructor Signature Mentor/Trainer/Instructor Signature

Printed Name Printed Name

Department Department

Date Signed Date Signed

Mentor/Trainer/Instructor Signature Mentor/Trainer/Instructor Signature

Printed Name Printed Name

Department Department

Date Signed Date Signed

Finance Youth Apprenticeship Skill Standards Checklist PAGE 2 of 12

Operational Program Notes for Skill Standards Checklist

1. Finance Youth Apprenticeship Curriculum

    ; Definitions:

    o Competency- The worksite skill to be performed

    o Performance Standards- HOW the worksite will assess skill performance

    o Learning Objectives- Content knowledge to learn these skills; may be taught by the

    employer, school district and/or technical college.

    o Skill Standards Checklist- The documented list of competencies completed by the YA

    student

    ; Performance Standards & Learning Objectives are located in the Program Guide for this

    Youth Apprenticeship.

    2. ALL Youth Apprentices MUST complete the Required Skills (Core Skills and Safety &

     Security) competencies for EACH UNIT they are enrolled in.

    ; The Required Skills competencies may be completed concurrently with the Finance Unit

    technical competencies.

    ; The Required Skills are common skills specific to all Finance sub-sectors. These skills are

    aligned with the National States’ Career Clusters Foundations standards for the Finance

    Career Cluster.

3. Youth Apprenticeship choices (depending on job placement)

    ; Competencies have been reviewed by the Department of Workforce Development for Child

    Labor Laws. Contact the Department of Workforce Development’s Equal Rights

    Division/Labor Standards Bureau at 608-266-6860 for questions regarding child labor laws.

    ; Students will complete a MINIMUM of one unit for a Level One Finance YA and a MINIMUM of

    two units for a Level TWO Finance YA.

    ; NOTE: Units within each Pathway build upon each other. Therefore, switching between

    pathways, after the successful completion of the first year, is allowable provided that the

    student begins the second year in the first unit listed under the NEW pathway choice.

    ; The Department of Workforce Development Occupational Certificate will indicate “Finance

    plus the Name of the specific Pathway attained when the program is completed.

4. Competency Ratings

    ; Rate the student on the competencies regularly and revisit the competencies with the student

    periodically to offer the opportunity for an improved rating

    ; Arrangements must be made to ensure that the student learns, practices, AND performs each

    competency even if that competency is not part of their regular job function

    ; “Entry Level” criteria should be interpreted to mean “able to do the task satisfactorily.”

Finance Youth Apprenticeship Skill Standards Checklist PAGE 3 of 12

Required Skills

     Required of ALL Finance YA Students

     Copy this page FOR EACH unit to be completed

    Minimum rating of 2 for EACH CORE SKILLS Check Rating

    1 2 3 1. Apply applicable academic knowledge 2. Apply applicable career knowledge 3. Apply applicable financial industry knowledge 4. Communicate effectively 5. Communicate effectively on the phone 6. Act professionally 7. Demonstrate customer service skills 8. Cooperate with others in a team setting 9. Think critically 10. Exhibit legal & ethical responsibilities 11. Use technology

    Minimum rating of 2 for EACH SAFETY AND SECURITY Check rating

    1 2 3 1. Follow personal safety requirements 2. Maintain a safe work environment 3. Demonstrate professional role in an emergency 4. Follow security procedures 5. Maintain confidentiality

Rating Scale:

     3 = Exceeds entry level criteria | Requires minimal supervision | Consistently displays this behavior

     2 = Meets entry level criteria | Requires some supervision | Often displays this behavior

     1 = Needs improvement | Requires much assistance & supervision | Rarely displays behavior

Additional Comments

    Finance Youth Apprenticeship Skill Standards Checklist PAGE 4 of 12

    Business Financial Management Pathway

    Minimum rating of 2 for EACH Accounting Services - Basic Competencies Check Rating

    1 2 3 Basic Operations

    1. Maintain accounts 2. Store financial records 3. Assist to process checks 4. Process journal entries 5. Post journal entries 6. Balance accounts after recording transaction 7. Assist to prepare adjusting entries 8. Prepare worksheets 9. Record receipts 10. Assist to prepare financial statements 11. Assist to process period end closing entries

    1 2 3 Fixed Assets

    12. Maintain fixed asset records 13. Assist to process asset depreciation 14. Assist to process depreciation budget

Rating Scale:

     3 = Exceeds entry level criteria | Requires minimal supervision | Consistently displays this behavior

     2 = Meets entry level criteria | Requires some supervision | Often displays this behavior

     1 = Needs improvement | Requires much assistance & supervision | Rarely displays behavior

Additional Comments

    Finance Youth Apprenticeship Skill Standards Checklist PAGE 5 of 12

    Business Financial Management Pathway

    Minimum rating of 2 for EACH Accounting Services - Advanced Competencies Check Rating

    1 2 3 Accounts Receivable

    1. Process customer invoices and receipts 2. Allocate receipt for invoices

    1 2 3 Accounts Payable

    3. Process receiving document 4. Process credit memorandum 5. Assist to process payment authorization

    1 2 3 Payroll

    6. Calculate employee work hours

    1 2 3 Tax Reporting

    7. Assist with company tax reporting

    1 2 3 Inventory

    8. Record inventory usage 9. Record inventory receipts 10. Assist to physically inventory merchandise or materials 11. Assist to process results of inventory 12. Process inventory adjustments

    1 2 3 Cost Accounting

    13. Assist to cost account a new or revised product or service

    1 2 3 Internal Audit

    14. Assist to audit monthly procedures

    1 2 3 Budget Analysis

    15. Assist to process budget reports

Rating Scale:

     3 = Exceeds entry level criteria | Requires minimal supervision | Consistently displays this behavior

     2 = Meets entry level criteria | Requires some supervision | Often displays this behavior

     1 = Needs improvement | Requires much assistance & supervision | Rarely displays behavior

Additional Comments

    Finance Youth Apprenticeship Skill Standards Checklist PAGE 6 of 12

    Banking and Related Services Pathway

    Minimum rating of 2 for EACH Banking Basic - Required Competencies Check Rating

    1 2 3 1. Process transactions using a computer 2. File transactions 3. Follow cash management/handling procedures

    1 2 3 Teller Services

    4. Process personal cash deposits 5. Process personal check deposits 6. Process personal withdrawals by cash 7. Process negotiable instrument transactions - on-us checks 8. Process negotiable instrument transactions - other than on-us

     checks

    9. Process transfers between accounts 10. Respond to customer account inquires and requests 11. Perform end of day drawer balance 12. Issue cashier’s/official check 13. Cross-sell financial institution products and services

    Minimum rating of 2 for EACH Banking Basic Additional Competencies Check Rating

    Choose at least 7 from 21 below

    1 2 3 Teller Services

    1. Process night depository 2. Process & accept bulk coinage for cash or deposit 3. Process business deposits

    1 2 3 Support Services

    4. Process incoming mail 5. Process credit card payments 6. Process cash advances 7. Place stop payment on check 8. Investigate and resolve customer problems 9. Assist to change customer name/account title 10. Assist to add co-owner or authorized signer to customer account 11. Assist to help a customer with account reconciliation 12. Rent safe deposit boxes 13. Wire transfer funds 14. Process federal tax payments Continued on next page

    Finance Youth Apprenticeship Skill Standards Checklist PAGE 7 of 12

Banking and Related Services Pathway

    Minimum rating of 2 for EACH Banking Basic Additional Competencies - continued Check Rating

    1 2 3 Support Services

    15. Balance automated teller machine (ATM)

    16. Process a customer statement

    17. Process checks

    18. Proof or encode items

    19. Process electronic or internet payments

    20. Process return items

    21. Assist with an internal audit

Rating Scale:

     3 = Exceeds entry level criteria | Requires minimal supervision | Consistently displays this behavior

     2 = Meets entry level criteria | Requires some supervision | Often displays this behavior

     1 = Needs improvement | Requires much assistance & supervision | Rarely displays behavior

Additional Comments

Finance Youth Apprenticeship Skill Standards Checklist PAGE 8 of 12

    Banking and Related Services Pathway

    Minimum rating of 2 for EACH Banking Advanced - Required Competencies Check Rating

    1 2 3 Products & Marketing

    1. Obtain/complete documentation to close accounts 2. Obtain/Complete documentation to open accounts 3. Collaborate with marketing team efforts 4. Assist to evaluate marketing efforts 5. Close savings account 6. Assist to open new savings account

    1 2 3 Lending Services

    7. Identify prospective loan customers 8. Process loan payments 9. Respond to customer loan account inquiries and requests 10. Maintain and update customer loan files

    Minimum rating of 2 for EACH Banking Advanced - Additional Competencies Check Rating

    Choose at least 10 from list of 21 below

    1 2 3 Products & Marketing

    1. Assist with promotional efforts 2. Close checking account 3. Assist to open new checking account 4. Assist to issue certificate of deposit 5. Assist to process decedent accounts 6. Issue US savings bonds 7. Redeem US savings bonds 8. Issue money orders 9. Issue travelers checks 10. Issue foreign currency

    1 2 3 Lending Services

    11. Compile documentation for loan closing 12. Assist to complete a loan application with a customer 13. Order credit reports 14. Assist to collect and recover funds on default loans

    1 2 3 Consumer Lending

    15. Process documents for consumer loan application 16. Assist to pre-approve consumer loan customer Continued on next page

    Finance Youth Apprenticeship Skill Standards Checklist PAGE 9 of 12

Banking and Related Services Pathway

    Minimum rating of 2 for EACH Banking Advanced - Additional Competencies - continued Check Rating

    1 2 3 Mortgage Lending

    17. Process documents for mortgage loan application

    18. Assist to pre-approve mortgage loan customer

    19. Set mortgage loan closing date and time

    1 2 3 Commercial Lending

    20. Process documents for commercial loan application

    21. Assist to pre-approve commercial loan customer

Rating Scale:

     3 = Exceeds entry level criteria | Requires minimal supervision | Consistently displays this behavior

     2 = Meets entry level criteria | Requires some supervision | Often displays this behavior

     1 = Needs improvement | Requires much assistance & supervision | Rarely displays behavior

Additional Comments

Finance Youth Apprenticeship Skill Standards Checklist PAGE 10 of 12

Report this document

For any questions or suggestions please email
cust-service@docsford.com