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1 ) Use technologies needed to perform job functions in the field of accounting. Examples: accounting software, computer numeric keypad, spreadsheets, income tax software |
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2 ) Determine career and entrepreneurial opportunities, responsibilities, and educational and credentialing requirements related to accounting professions. |
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3 ) Differentiate among sole proprietorship, partnership, and corporation accounting operations as they relate to service and merchandising businesses. |
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4 ) Apply steps of the accounting cycle for service and merchandising businesses using manual and electronic methods. |
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5 ) Analyze the accounting equation for the purpose of relating it to the accounting cycle. Examples: journalizing and posting transactions, reporting financial statements |
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6 ) Interpret data from a variety of financial statements, including verifying data for business reports and creating charts and graphs for accurate reporting. |
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7 ) Explain accounting functions of fixed assets and depreciation. |
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8 ) Utilize research results to analyze current accounting practices as they relate to service, manufacturing, and merchandising businesses. |
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9 ) Distinguish between ethical and unethical business decisions in the accounting profession. |
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10 ) Apply banking and cash control functions to checks, deposits, reconciliation, petty cash, online and electronic banking, and related journal entries. |
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11 ) Apply payroll functions to employee and employer records. Examples: calculating gross pay and deductions, journalizing and posting tax and payroll entries |
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12 ) Demonstrate correct procedures for completing federal, state, and local income tax forms. |
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13 ) Interpret generally accepted accounting principles (GAAP). Examples: adequate disclosure, business entity |
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14 ) Demonstrate skills in communication, leadership, and teamwork. Applying problem-solving and critical-thinking skills to resolve workplace conflict
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