LIBEC’S ANNUAL STUDENT CONTEST
Submission Deadline is March 20, 2009
DATE: TUESDAY, APRIL 28,
2009
PLACE: COMMACK HIGH SCHOOL
TIME: 3:00 – 4:30
CONTEST
INFORMATION & OUTLINES
Available in Adobe PDF
Registration Postmark Date
Transcript Requirements
Contest Fees
General Eligibility Rules
General Contest Rules
Individual Contest Rules & Outlines
(BE
SURE TO VISIT THE OUTLINES as they are NEW this
year)
Proctoring Assignments
Directions to Commack High School
Contest Results
Awards Luncheon
Contest Chairpersons Contact Info
POSTMARK DATE
Registration
form, payment and transcripts
must be postmarked by March 20, 2009. A copy of the registration
form can be found on our web site.
WE WILL BE STRICTLY
ADHERING TO THE DEADLINE.
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TRANSCRIPT REQUIREMENTS
A transcript is required for all
students competing in the contest. It the transcript does
not include the current courses, please enclose the current
report card. Please highlight on the transcript the related
course of the contest the student is competing in and write
on the top of the transcript, in bold letters, the contest
the student is entering. Often the course’s name in
your school may not match the contest name so this step will
assist the Contest Chairs in verifying your students’ eligibility.
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CONTEST FEES
A fee of $10 per student must be submitted by
check or purchase order with your registration form. Please
make check or purchase order payable to LIBEC
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GENERAL ELIGIBILITY REQUIREMENTS
A. Students currently enrolled in public or private high
schools in Nassau or Suffolk counties are eligible. Schools
MUST be a member of LIBEC. Any school that is not a member
should submit a membership application and dues with
the contest registration. Applications are available
on our web site.
B. Students may compete in only one contest.
C. Students may not enter a contest in which they have
previously competed.
D. Students must be accompanied to the contest by an adult.
E. A transcript/current report card must be submitted for
each contestant.
F. Two students from each school may be entered in each
contest.
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GENERAL CONTEST RULES
A. Fees – registration fee is $10 for each student entered.
An additional membership of $65 for a department is to be paid
by those schools that are not already a member of LIBEC.
B. Registration Procedures – List the names of the students
who will represent your school in the various contests. Send the
registration form, a check or purchase order made payable to LIBEC
and student transcripts to:
Ms. Stacy Glazer
Farmingdale High School
150 Lincoln Street
Farmingdale, NY 11735
C. The contest will be held on Tuesday,
April 28, 2009 between 3:00 and 4:30 pm at Commack High School.
Buses should not arrive before 2:45 pm. Please leave enough
travel time so that the test may begin on time. Tests begin
around 3:15 pm.
D. For the Keyboarding Contest, contestants will be provided with
a PC computer installed with Microsoft Word.
E. Students who wish to use calculators must bring their own battery-operated
calculators. Students are not allowed to use cell phones or dictionaries.
Students should bring No. 2 pencils since all written exams will
use Scantron forms.
F. All contests, except Keyboarding, Computer Applications, and
Web Design, will be machine scored.
G. If a contest is under subscribed, the Committee may limit the
number of awards given and invitations to the Awards Luncheon.
H. Any school that has a student needing special accommodations
must contact the Contest Chair. A signed letter from that school’s
Guidance Department will be necessary to authorize special needs.
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INDIVIDUAL
CONTEST RULES & OUTLINES
A. ACCOUNTING
- Students who are currently enrolled in the first year
of a full-year accounting course are eligible to participate.
- Accounting Contest Outline
B. BUSINESS COMMUNICATIONS
- Students who are enrolled in any business
education course may participate in this contest. Here
is an opportunity to have an outstanding student from any
course participate.
- Business Communications Contest Outline
C. BUSINESS LAW
- Students
who are currently enrolled in any first year business
law course are eligible to participate. College Business
Law students are ineligible.
- Business Law Contest Outline
D. CAREER AND FINANCIAL
MANAGEMENT
E. COLLEGE ACCOUNTING
- Students who are
enrolled in the current school year in one-semester
first-year college level accounting course are eligible
to participate.
- College Accounting Contest Outline
F. COMPUTER APPLICATIONS
- Students who are
currently enrolled in a Computer Application/Office
Applications course are eligible to participate.
- The test
will include a project integrating Word, Excel and charting
functions.
- Computer Applications Contest Outline
G. ENTREPRENEURSHIP
- Students who are enrolled
in a half-year/full-year Business Ownership, Entrepreneurship
or Leadership course may participate in this contest.
- Entrepreneurship
Contest Outline
H. FASHION MERCHANDISING AND MARKETING
I. KEYBOARDING
- Students who are currently
enrolled in a first-year keyboarding course or who
were enrolled during the current school year are eligible
to participate.
- Keyboarding Contest Outline
J. MARKETING
- Students who are currently
enrolled in a first-year Marketing course or College
Marketing course are eligible to participate.
- Marketing
Contest Outline
K. MATH AND FINANCIAL APPLICATIONS
L. SPORTS MARKETING
- Students who are currently
enrolled in a first-year Principles of Marketing
or half-year/full-year Sports Marketing course may participate.
- Sports Marketing
Contest Outline
M. WEB DESIGN
- One team of two students who
are currently enrolled in a half-year/full-year Web Design
course may participate.
- Available software – Notepad, FrontPage 2003 and
Dreamweaver MX 2004. You must indicate on registration
form which software your student needs.
- Web Design Contest Outline
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PROCTORING ASSIGNMENTS
As always, we are in need of proctors to make this day a success.
Please indicate on the registration form the name(s) of staff who
will proctor. Every effort will be made to email you your assignment
and instruction before the day of the contest. Your support is
greatly appreciated.
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DIRECTIONS TO COMMACK HIGH SCHOOL
Traveling From the West
Take the Eastbound LIE to Exit 52, Commack Road. Turn left onto
Commack Road.
Proceed North on Commack Road (after Jericho Turnpike Commack
Road becomes Townline Road) approximately 4 miles to Scholar Lane.
The high school is on the corner. Turn right onto Scholar Lane
and left into the school parking lot. There will be security guards
to direct buses to the parking lot, which will be reserved for
LIBEC contestants. Do not go into the main traffic circle. Students
and chaperones should enter the building through the new wing (large
cement cougar on front entrance).
Traveling From the East
Take the Westbound LIE to Exit 53, as there is no Exit 52. Turn
right onto Commack Road.
Proceed North on Commack Road (after Jericho Turnpike Commack
Road becomes Townline Road) approximately 4 miles to Scholar Lane.
The high school is on the corner. Turn right onto Scholar Lane
and left into the school parking lot. There will be security guards
to direct buses to the parking lot, which will be reserved for
LIBEC contestants. Do not go into the main traffic circle. Students
and chaperones should enter the building through the new wing (large
cement cougar on front entrance).
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CONTEST RESULTS
Contest results will be posted on www.libec.org by the end of
the week following the contest. Luncheon Information and registration
will be available on the website as well.
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AWARDS LUNCHEON
The Annual Awards Luncheon will take place on May 19, 2009
at NYIT’s Culinary Institute. First through third place
winners will be guests of LIBEC at the luncheon. Fourth and
fifth place winners are invited to attend the luncheon at
their own cost. Parents are also invited to attend at their
own cost. Any winner not attending the luncheon will have
their plaques mailed to their school directly. If a contest
is under subscribed, the Contest Committee may limit the
number of awards and invitations to the Awards Luncheon.
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CONTEST CONTACT INFORMATION
All registration forms, check/purchase orders, and transcripts
must be postmarked by March 20, 2009 and mailed to:
Stacy Glazer
Farmingdale High School
150 Lincoln Street
Farmingdale, NY 11735
For questions or concerns: sglazer@fpsmail.k12.ny.us OR (516)752-6640
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ACCOUNTING
OUTLINE
1. Accounting Careers
2. Types of Business Operations
3. Forms of Business Ownership
4. Accounting Assumptions
5. Property and Financial Claims
6. Effects of Business Transactions on the Accounting Equation
7. Revenue, Expense and Withdrawal Transactions
8. Rules of Debit and Credit
9. Double Entry Accounting
10. Recording Transactions in a General Journal
11. Source Documents
12. Posting to the General Ledger
13. Trial Balance and Locating Trial Balance Errors
14. Corrective Entries
15. Preparing a Worksheet
16. Financial Statements for a Sole Proprietorship
17. Ratio Analysis
18. Closing Entries and the Post-closing Trial Balance
19. Banking Procedures
20. Reconciling the Bank Statement and Resulting Journal Entries
21. Payroll Accounting
22. Payroll Liabilities and Tax Records
23. Accounting for a Merchandising Corporation
a. Sales and Cash Receipts
b. Purchases and Cash Payments
c. Special Journals
24. End of Period Adjusting Entries
25. Corporate Financial Statements
26. Vertical and Horizontal Analysis, Working Capital
27. Closing Entries for a Merchandising Corporation
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BUSINESS LAW CONTEST OUTLINE
1. Introduction to law
2. Types of laws
3. Courts
4. Torts
5. Contracts
6. Warranties
7. Bailments
8. Real & Personal Property
9. Landlord/Tenant
10. Wills
11. Bankruptcy
12. Negotiable Instruments
13. Insurance
14. Partnership & Corporations
15. Consumer Protection
16. Sale of Goods
17. Marriage & Divorce
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Career and Financial Management Topical Outline
1. Overview of the Economy
a. Economics
b. Cause and Effects
c. Our Place in the Economy
2. Business Systems
a. Forms of Business Ownership
b. Leadership Styles
c. Competition
3. Employment Research
a. Self Assessments
b. Career Clusters
c. Tangible versus Intangible Rewards
d. Life Goals
e. Employment Trends and Opportunities
4. Employment Acquisition
a. Sources of Employment
b. Documents for Employment Acquisition
c. Job Interview Process
d. Job Selection
e. Required Employment Forms
5. Career Path
a. Job versus career
b. Successful Employment
c. Matching Personal Competencies to Specific Jobs
6. On the Job – Labor Laws and Regulations
a. Personal Qualities
b. Interpersonal Skill
c. Job Success
d. Workplace Labor Laws and Regulations
e. Labor Unions and Professional Organizations
7. Money Management and Human Resources
a. Banking
b. Budgeting
c. Investments
d. Credit
e. Taxes
f. Insurance
g. Time Management and Decision Making
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College Accounting Topical Outline
1. Accounting Vocabulary
2. Changes in Financial Position
3. Measuring Business Income
4. Forms of Business Ownership
5. Year End Adjustments
6. Merchandising Business Accounting
7. Accounting Systems
8. Financial Statement Analysis
9. Financial Assets
10. Inventory Valuation
11. Plant Assets and Depreciation
12. Liabilities (Long/Short-term and Special Treatment)
13. Payroll Accounting
14. Partnership Accounting
15. Corporation Accounting (organizing and stockholder’s equity)
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Computer Applications Topical Outline
Students MUST be able to use spell check and be able to proofread
for non-spelling errors
Word Processing
1. Formatting text as indicated.
2. Horizontal and vertical centering
3. Creating a table
a. Merging cells
b. Formatting column headings
c. Alignment of money amounts
d. Using borders
e. Adjusting columns and rows
Spreadsheet
1. Formatting text as indicated, including headings, alignment of data, using
decimal points and comma separators.
2. Using functions, such as SUM, AVERAGE, MIN, MAX
3. Creating simple formulas
4. Adjusting column widths/row height
5. Fitting document to one page
6. Using headers/footers
Charts/Graphs
1. Creating titles and legends
2. Formatting text so it is clearly legible
3. Adding chart to spreadsheet and/or separate document
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Entrepreneurship Topical Outline
1. Forms of Business Ownership
2. Economics of the Business Environment
3. Demographics
4. Elements of a Business Plan
5. Patens/Trademarks/Copyrights
6. Product Pricing
7. Product Promotion
8. Product Development
9. Buying Motives
10. Marketing Mix
11. Outsourcing
12. Job Descriptions
13. Financing a Business
14. Legal Issues in Business Ownership
15. Organizational Charts
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Fashion Merchandising Topical Outline
• Fibers
• Why people wear clothes
• Labeling
• Pricing
• Fashion cycles
• Construction Terms
• Fashion Promotion
• Fashion Retailing
• Trade Journals
• Garment Style & Design elements
• Fashion Business Terms
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Keyboarding Topical Outline
Students MUST be able to use spell check and be able to proofread
for non-spelling errors.
Two of the following three problems will be on the test.
Business Letter
1. Unarranged letter with paragraph notations will be given to the students
2. Must be formatted in any acceptable letter style
3. Student must provide all necessary details which are omitted on the test
paper
a. Date
b. Salutation
c. Reference initials
d. Enclosure notation (if necessary)
Memorandum
1. Unarranged memorandum with paragraph notations will be given to the students
2. Must be formatted in acceptable style
3. Student must provide all necessary details which are omitted on the test
paper
a. Any heading line: DATE: TO: FROM: SUBJECT: (or RE)
b. Reference initials
c. Enclosure notation (if necessary)
Table
An unarranged table will be given to the students
2. The table must be formatted in acceptable style
a. Title/subtitle
b. Underlined column headings should be used
c. Line spacing for the body should be consistent
d. Appropriate alignment of text and numbers should be used
e. Spacing between columns should be consistent
NOTE: If using the table feature built into the word processing program, gridlines
should not be printed.
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Marketing Topical Outline
1. General marketing concepts and vocabulary
2. Functions of marketing
3. Communication Skills
a. Listening
b. Reading
c. Speaking
d. Telephone skills
e. Writing
4. Interpersonal skills
5. Selling
a. Knowing your product and customer
b. The sales process
c. Determining needs and product presentation
d. Handling customer questions and objections
e. Closing the sale and following up
6. Promotion
a. Advertising media
b. Preparing print advertisements
c. Visual merchandising and display
d. Publicity and public relations
7. Buying and distribution
a. Channels of distribution
b. Physical distribution
c. Purchasing
d. Stock handling and inventory control
8. Pricing
9. Market research
10. Product planning
a. Product mix
b. Branding, packaging, labeling
c. Extended product features
11. Risk management
12. Financing the business
NOTE: Some math questions are included involving:
Retail Sales, Purchasing & Distribution
and Pricing
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Math and Financial Applications Topical Outline
Basic Math Skills
Personal Finance
1. Gross Income—different ways of calculating gross pay
2. Net Income—including mandatory and voluntary deductions
3. Recordkeeping—includes budgeting
4. Checking Accounts
5. Savings Accounts—includes simple and compound interest, annuities
6. Cash Purchases—includes sales tax, unit pricing, coupons/rebates,
markdowns
7. Charge Accounts and Credit Cards—includes methods of calculating finance
charges
8. Loans—includes single-payment, installment loans, paying off loans,
calculating APR
9. Vehicle Transportation—includes buying/leasing/renting new/used vehicles,
insurance, operating and maintaining
10. Housing Costs—includes mortgage loans, closing costs, real estate
taxes, homeowner’s insurance, other housing costs
11. Insurance—includes health and life insurance types/costs/benefits
12. Investments—includes CDs, stocks and bonds
Business Applications
1. Personnel—includes hiring/training new employees, employee benefits,
disability/workers compensation/unemployment insurance, travel expenses
2. Production—includes manufacturing, break-even analysis, quality control,
packaging and time studies
3. Purchasing—includes trade/chain/cash discounts
4. Sales—includes markups, net profit, markdowns
5. Marketing—including opinion surveys, sales potential, market share,
sales projections, pricing and advertising
6. Accounting—includes payroll, business expenses and depreciation
7. Accounting Records—includes the accounting equation, financial statements,
vertical and horizontal analysis
8. Financial Management—includes corporate income taxes, issuing stocks
and bonds, borrowing, investments, growth expenses
NOTE: Bold items have a heavier concentration of questions.
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Web Design Topical Outline
Besides the list below, the student should make sure there are
no spelling and non-spelling errors on any of the Web pages.
Formatting Requirements
1. Use background colors/images
2. Format text: including color, size and style
3. Insert, align, resize images
4. Use a scrolling marquee
5. Use ordered and unordered lists
6. Create internal (relative) and external (absolute) hyperlinks that work
7. Create and properly format tables: including cell padding, cell spacing,
border colors, background colors, etc.
8. Other incidentals, such as page title, alternative text, etc.
Other Important Requirements
1. Information is accurate, well written, clear and understandable
2. Web site, as a whole, is expressive and fits well with the site’s
topic and purpose
3. All required elements are complete
4. Thought is shown regarding arrangement of items, white space, background,
text/link colors/size and moving parts
5. Pages are attractive and the layout is balanced (text and graphics)
6. Graphics enhance the content without overpowering it
7. Site is easily navigable
8. Creativity is demonstrated in content, design, or visual appeal
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Business Communications Topical Outline
1. Spelling
2. Grammar and Parts of Speech
3. Identify Parts of a Business Letter
4. Listening Skills
5. Communication Skills
6. Definitions
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Sports Marketing Outline
1. Basics of Marketing
2. Intro to Sports Marketing
3. Marketing Research
4. The Sport Product
5. Pricing of Sport
6. Sport Promotion
7. Sport Place
8. Sponsorship
9. Future of Sport
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