NACS College Store Competency Model Updates Archive

Updates For Fall 2004  

 Additions

College Store Operations

Sub-category	Knowledge Base, Skill Set, or Ability Objectives (KSA'S)	Experience Level
Financial Management	Understand underlying financial processes, cycles, and timelines Understand how to obtain financial reports from the business office (when applicable) Fundamental understanding of the Balance Sheet Understand how to use financial benchmarks for strategic goal setting	Threshold
Financial Management (intermediate  and advanced)	Understand underlying financial processes, cycles, and timelines Understand activity-based accounting Know end-of-year accounting responsibilities Understand and be able to use a General Ledger Analyze store's performance compared to industry benchmarks Develop strategic goals with and without industry benchmarks (i.e., NACS Financial Survey) Implement methods to track and achieve strategic goals Effectively communicate to owners or school administrators ROI, or lack of ROI, to the business or school	Intermediate Advanced

 Changes: None

 Deletions: None

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