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foundations of finance
Foundations of Finance provides members with the opportunity to demonstrate knowledge around competencies in finance. This competitive event consists of an objective test.
Event Overview
Division: Collegiate
Event Type: Individual
Event Category: Objective Test, 100-multiple choice questions (breakdown of question by competencies below)
Objective Test Time: 50 minutes
NACE Connections: Career & Self-Development
Equipment Competitor Must Provide: Pencil, Computer
Equipment FBLA Provides: One piece of scratch paper per competitor
Only for members who have had no more than six credit hours on a semester schedule, or the equivalent of quarter hours, of finance instruction at the collegiate level by May 1 of the current year.
Competencies
· Financial instruments and institutions
· Time value of money
· Cost of capital and capital budgeting
· Valuation and rates of return
· Financial analysis
· Capital investment decisions
· Financial risks and returns
· International finance
State
Eligibility
· FBLA membership dues are paid by 11:59 pm Eastern Time on February 1st of the current program year.
· Members must be registered for the SLC and pay the state conference registration fee in order to participate in competitive events.
· Members must stay in an official FBLA hotel to be eligible to compete.
· Each chapter may submit one entry per event.
· Members on the state level may enter up to three different events in the following combinations:
o Three objective tests OR
o Two objective test and one production OR
o Two objective tests and one performance OR
o One objective test, one performance, and one production
· In addition, on the state level, a member may compete in one chapter event (Community Service Project or State of Chapter Presentation).
· If competitors are late for an objective test, they may be either disqualified or permitted to begin late with no extension of the time as scheduled.
· Participants must adhere to the Florida FBLA dress code established by the Florida Board of Directors or they will not be permitted to participate in the competitive event.
Recognition
· The number of competitors will determine the number of winners. The maximum number of winners for each competitive event is 5.
Event Administration
· This event is an objective test administered prior to the SLC.
· No reference or study materials may be brought to the testing site.
· No calculators may be brought into the testing site; online calculators will be provided through the testing software.
Tie Breaker
· Ties are broken by comparing the correct number of answers to the last 10 questions on the test. If a tie remains, answers to the last 20 questions on the test will be reviewed to determine the winner. If a tie remains, the competitor who completed the test in a shorter amount of time will place higher.
Americans with Disabilities Act (ADA)
· FBLA meets the criteria specified in the Americans with Disabilities Act for all competitors with accommodations submitted through the conference registration system by the registration deadline.
Penalty Points
· Competitors may be disqualified if they violate the Competitive Event Guidelines or the Honor Code.
Electronic Devices
· All electronic devices such as cell phones and smart watches must not be brought to the testing site.
National
Be sure to see the National guidelines at https://www.fbla.org/divisions/collegiate/pbl-competitive-events/