Courses of Study : Career Tech: Finance

1 ) Apply accounting procedures for calculating, journalizing, and posting entries related to bad debt.

2 ) Use accounting procedures related to the life cycle of fixed assets.

3 ) Apply the Last In First Out (LIFO), First In First Out (FIFO), and weighted cost methods to estimate the cost of merchandise inventory.

4 ) Determine accounting procedures for calculating and recording interest and maturity dates for notes payable and notes receivable.

5 ) Utilize accounting procedures for recording the adjusting, closing, and reversing entries for accrued revenues and expenses.

6 ) Demonstrate accounting procedures for paying dividends and acquiring additional capital.

7 ) Demonstrate accounting practices needed to complete financial statements, analyze cash flow, and critique projected budgets.

8 ) Apply analysis ratios to evaluate solvency and earning power.

9 ) Critique accounting decisions for ethical considerations.

10 ) Explain legal requirements for forming and dissolving various business organizations.

11 ) Apply cost accounting procedures to complete transactions and financial statements for a merchandising business.

12 ) Use cost accounting procedures to journalize entries for initial investment and for liquidation.

13 ) Explain the voucher method as it relates to preparation and payment of accounts payable and expenses.

14 ) Determine career and entrepreneurial opportunities, responsibilities, and educational credentialing requirements related to specialized accounting professions.

15 ) Utilize research results to analyze current accounting issues for their impact on society.