LAC 28:LXXI.523. 6.0: Financing

A. Standard 6.1―Demonstrate an understanding of the nature and scope of the financing function. Benchmarks | Academic Cross-References | Foundation Skills | SCANS Skills 1. Identify financing activities in marketing. 2. Compare the relationship of financing to other marketing functions. 3. Discuss ways that technology impacts the financing function. 4. Understand the need for developing banking relationships. | ELA 1-1, 4, 5 2-2, 3, 6 3-1, 2, 3 4-1, 2, 3, 4, 5, 6 5-1, 2, 3 7-1, 2, 3 Math N-1, 2, 3 M-1, 2, 3, 4 D-7, 8 Social Studies C-1B-4 E-1A-1, 2, 7, 8 E-1B-2 E-1C-2, 4 | 1, 2, 3, 4, 5 | Competencies Resources Information Interpersonal Skills Systems Technology Foundations Basic Skills Thinking Skills Personal Qualities B. Standard 6.2―Demonstrate an understanding of the purpose and importance of credit. Benchmarks | Academic Cross-References | Foundation Skills | SCANS Skills 1. Identify sources of credit. 2. Compare types of credit. 3. Compute cost of extending credit. 4. Compute cost of using credit. 5. Define start-up costs for a business. | ELA 1-1, 5 2-2, 3, 6 3-1, 2, 3 4-1, 2, 3, 4, 5, 6 5-1, 2, 3, 4, 6 7-1, 2, 4 Math N-1, 2, 3 M-1, 2, 3, 4 D-7, 8, 9 P-1 Social Studies E-1A-1, 2, 7, 8 | 1, 2, 3, 4, 5 | Competencies Resources Information Interpersonal Skills Systems Technology Foundations Basic Skills Thinking Skills Personal Qualities C. Standard 6.3―Interpret financial documents. Benchmarks | Academic Cross-References | Foundation Skills | SCANS Skills 1. Prepare a personal financial statement. 2. Identify parts of a business plan. 3. Prepare financial documents for a business. 4. Compute payroll and other business expenses. 5. Compute net profit and net loss. | ELA 1-1, 5 2-2, 3, 6 3-1, 2, 3 4-1, 2, 3, 4, 5, 6 5-1, 2, 3, 4, 6 7-1, 2, 4 Math N-1, 2, 3 M-1, 2, 3, 4 D-7, 8, 9 P-1 Social Studies E-1A-1, 2, 7, 8 | 1, 2, 3, 4, 5 | Competencies Resources Information Interpersonal Skills Systems Technology Foundations Basic Skills Thinking Skills Personal Qualities