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Maryland CTE Career Clusters

Business Management and Finance

Maryland CTE programs include a focus on financial services, accounting, marketing, business management, and business administrative support services. These programs include options for students to earn industry certifications and college credit toward advanced study in the career field. Students have the opportunity to take the College Board "College-Level Examination Program (CLEP)" test in the areas of Financial Accounting, Principles of Management, and Principles of Marketing. Successful completion of these exams allow students to earn college credit for knowledge gained in their high school program.

Programs of Study

Academy of Finance - NAF

The National Academy Foundation (NAF) Academy of Finance (AOF) program prepares students for successful careers in finance, accounting and related fields. The Academy of Finance provides students with a broad understanding of financial and economic concepts and provides internship opportunities. Although NAF courses are designed as half credit courses, these have been combined and sequenced for Maryland students to complete four (4) credits based on NAF curriculum. In addition to an internship, NAF academy students can now earn NAF Certification—a credential that is increasingly being recognized by colleges, universities, employers and professional trade associations for its assurance, backed by data, that these NAF graduates are college and career ready.

Accounting and Finance

Students begin the program with courses in Principles of Business, Administration, and Management and Principles of Accounting and Finance. Students completing this pathway will be able to demonstrate; 1) knowledge through the ability to recall and to make associations between accounting concept, terminology, procedures, and rules such as double entry accounting, the accounting cycle, forms of business, transaction analysis, accounting principles, 2) comprehension and application through the student’s ability to recognize, explain, and associate elements in an income statement; 3) analysis through a student’s ability to analyze data contained on a balance sheet such as depreciation/amortization/depletion, valuation of inventories, long term liabilities, cash and internal controls, retained earnings, preferred and common stock, liquidity/ solvency/ activity analysis; 4) Analysis and synthesis through a student’s ability to analyze and utilize cash flow information such as operating, financing and investing and; 5) synthesis through a student’s ability to make predictions and/or propose actions based on investments and contingent liabilities The final two courses in the program focus on Accounting and Finance where students become competent working with business transactions and financial reports. Graduates may earn college credit through articulation agreements with local colleges using a variety of options, such as dual enrollment and credit by exam.

Marketing

Students begin the program with two foundation courses in Principles of Business, Administration, and Management and Principles of Accounting and Finance. In the Marketing pathway, students learn about the consumer’s role, research in global marketing, developing a marketing plan and the importance of ethics and social responsibility. Internships and mentored projects are highly recommended. Graduates may earn college credit through articulation agreements, dual enrollment or by taking the Principles of Marketing CLEP Exam.

Business Administrative Services

Students begin the program with two foundation courses in Principles of Business, Administration, and Management and Principles of Accounting and Finance. The Business Administrative Services Pathway provides students with knowledge of how to effectively utilize technology in the analysis, and communication of ideas; and the management, organization, and examination of information for strategic business decision making. Upon completion of the two foundation courses, students are required to complete Office Systems Management I and Office Systems Management II. The second course in the sequence includes coursework in Microsoft Office Applications preparing students for Microsoft Office Specialist (MOS) Certification, a globally recognized credential desired by academia and business.

Business Management

Students begin the program with two foundation courses in Principles of Business, Administration, and Management and Principles of Accounting and Finance. A student who completes this program pathway will be able to develop a business plan for a small business. They will apply accounting, marketing, and management concepts to realistic business scenarios. All aspects of managing a business will be discussed in addition to the competencies learned in computer applications, business communications and financial management. The business management program of study recommends that students should have access to work study, mentor ship, internship, and job shadow opportunities. Students will also benefit from involvement in national professional organizations such as DECA and the Future Business Leaders of America (FBLA). This program of study does have a credit by examination through the College Board CLEP exam.