New Mexico Administrative Code
Title 6 - PRIMARY AND SECONDARY EDUCATION
Chapter 29 - STANDARDS FOR EXCELLENCE
Part 3 - CAREER AND TECHNICAL EDUCATION
Section 6.29.3.14 - FINANCE CAREER CLUSTER (FN) FOR COMMON CAREER TECHNICAL CORE FOR CAREER AND TECHNICAL EDUCATION

Universal Citation: 6 NM Admin Code 6.29.3.14

Current through Register Vol. 35, No. 18, September 24, 2024

A. All pathways in the FN career cluster should align to business and industry certifications where available and appropriate. Student abilities common to pathways in the FN career cluster are the ability to:

(1) use mathematical concepts, skills and problem solving to obtain necessary information for decision making in the finance industry;

(2) use tools, strategies and systems to plan, monitor, manage and maintain the use of financial resources;

(3) plan, staff, lead and organize human resources in finance to enhance employee productivity and job satisfaction;

(4) determine effective tools, techniques and systems to communicate and deliver value to finance customers;

(5) create and maintain positive, ongoing relationships with finance customers;

(6) plan, monitor and manage day-to-day activities to ensure effective and efficient finance operations;

(7) implement safety, health and environmental controls to ensure a safe and productive finance work workplace;

(8) describe and follow laws, regulations and ethical standards that affect finance operations and transactions;

(9) plan, manage and maintain the use of financial resources to protect solvency;

(10) plan, organize and manage a finance organization or department;

(11) plan, monitor and manage day-to-day activities required to sustain continued business functioning;

(12) access, evaluate and disseminate financial information to enhance financial decision-making processes;

(13) manage a financial product or service mix in order to respond to market opportunities; and

(14) employ financial risk-management strategies and techniques used to minimize business loss.

B. Accounting career pathway (FN-ACT). Students will:

(1) describe and follow laws and regulations to manage accounting operations and transactions;

(2) use accounting tools, strategies and systems to plan, monitor, manage and maintain the use of financial resources;

(3) process, evaluate and disseminate financial information to assist business decision making; and

(4) use career-planning concepts, tools and strategies to explore, obtain or develop an accounting career.

C. Banking services career pathway (FN-BNK). Students will:

(1) describe and follow laws and regulations to manage business operations and transactions in the banking services industry;

(2) create and maintain positive, ongoing relationships with banking customers;

(3) manage the use of financial resources to enhance banking performance;

(4) demonstrate the use of banking technology and equipment;

(5) plan, monitor and manage the day-to-day activities within a banking organization to ensure secure operations;

(6) use career-planning concepts, tools and strategies to explore, obtain or develop a career in banking services; and

(7) determine client needs and wants and respond through planned, personalized communication to guide purchase decisions and enhance future business opportunities in banking services.

D. Business finance career pathway (FN-BFN). Students will:

(1) describe and follow laws and regulations to manage business operations and transactions in corporate finance;

(2) manage the use of financial resources to ensure business stability;

(3) use career-planning concepts, tools and strategies to explore, obtain or develop in a corporate finance career; and

(4) employ risk-management strategies and techniques in corporate finance to minimize business loss.

E. Insurance career pathway (FN-INS). Students will:

(1) describe and follow laws and regulations to manage business operations and transactions in the insurance industry;

(2) plan, monitor and manage day-to-day insurance organization activities;

(3) use career-planning concepts, tools and strategies to explore, obtain or develop a career in insurance;

(4) demonstrate underwriting techniques and strategies to evaluate the risk posed by potential insurance clients; and

(5) determine client needs and wants and respond through planned, personalized communication to guide purchase decisions and enhance future insurance business opportunities.

F. Securities and investments career pathway (FN-SEC). Students will:

(1) describe and follow laws and regulations to manage business operations and transactions in the securities and investments industry;

(2) manage the use of financial resources to perform key duties in the securities and investments industry;

(3) plan, monitor and manage day-to-day securities and investments operations;

(4) use career-planning concepts, tools and strategies to explore, obtain or develop in a securities and investments career; and

(5) determine client needs and wants and respond through planned, personalized communication to guide purchase decisions and enhance future securities and investments opportunities.

Disclaimer: These regulations may not be the most recent version. New Mexico may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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