FBLA Banking & Financial Systems
FBLA BANKING & FINANCIAL SYSTEMS
Understanding how financial institutions and financial consulting and advisory services operate is important to successful business ownership and management, as well as to personal financial success. This event provides recognition for FBLA members who demonstrate an understanding of and skill in the general operations of the various components of the financial service sector.
FBLA Eligibility
Each state may enter two (2) teams composed of two (2) or three (3) FBLA members from active local chapters, on record in the national center as having paid dues by March 1 of the current school year. No more than one (1) team member may have competed in the event at a prior NLC.
Overview
This event consists of two (2) parts: an objective test and a performance component. A one (1) hour objective test will be administered based on the competencies listed. FBLA team members will take one (1) objective test collaboratively. Nongraphing calculators will be provided. The performance component is a case study consisting of a problem or scenario encountered in the banking or financial business community.
Final Performance Guidelines
- The top ten (10) FBLA teams with the highest score on the objective test will advance to the final round. In the case of a tie, the objective test score will be used to break the tie.
- All FBLA teams will be sequestered before the first performance to receive instructions and time assignments.
- Twenty (20) minutes before the performance each participant will receive the case study.
- Two (2) 4” x 6” note cards will be provided for each participant and may be used during the preparation and performance of the event. Information may be written on both sides of the note cards. Note cards will be collected following the presentation.
- No reference materials, visual aids, or electronic devices may be brought to or used during the preparation or performance.
- The team has seven (7) minutes to interact with a panel of judges and present the solution to the case. The judges will play the role of the second party in the presentation and refer to the case for specifics. This is a role-play event.
- Teams should introduce themselves, describe the situation, make their recommendations, and summarize their case. All team members are expected to actively participate in the performance.
- A timekeeper will stand at six (6) minutes and again at seven (7) minutes.
- The performance is open to conference attendees who are not performing participants of this event.
Objective Test Competencies
- Concepts and practices
- Government regulation of financial services
- Basic terminology
- Impact of technology on financial services
- Types and differences between various institutions
- ethics
- Careers in financial services
- Taxation
Performance Competencies
- Demonstrate understanding of case
- Understand role of the judge as component of the presentation
- Provide introduction and overview
- Explain, discuss, describe recommendations
- Demonstrate critical thinking/reasoning skills
- Use correct grammar, tone, style
- Ability to make a professional presentation
NBEA Standards Reinforced by Event
- Accounting: financial statements, special applications
- Career Development: career strategy
- Computation: problem-solving applications
- Economics and Personal Finance: banking, buying goods and services, role of government, markets and prices, saving and investing
- Management: ethics and social responsibility, financial decision making
Career Clusters: Business Management and Administration; Finance]