Courses of Study: Business, Management, and Administration

Business, Management, and Administration, Grade 9 - 12, Accounting, 2009

1.) Use technologies needed to perform job functions in the field of accounting.

Examples: accounting software, computer numeric keypad, spreadsheets, income tax software

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

3.) Differentiate among sole proprietorship, partnership, and corporation accounting operations as they relate to service and merchandising businesses.

4.) Apply steps of the accounting cycle for service and merchandising businesses using manual and electronic methods.

5.) Analyze the accounting equation for the purpose of relating it to the accounting cycle.

Examples: journalizing and posting transactions, reporting financial statements

6.) Interpret data from a variety of financial statements, including verifying data for business reports and creating charts and graphs for accurate reporting.

7.) Explain accounting functions of fixed assets and depreciation.

8.) Utilize research results to analyze current accounting practices as they relate to service, manufacturing, and merchandising businesses.

9.) Distinguish between ethical and unethical business decisions in the accounting profession.

10.) Apply banking and cash control functions to checks, deposits, reconciliation, petty cash, online and electronic banking, and related journal entries.

11.) Apply payroll functions to employee and employer records.

Examples: calculating gross pay and deductions, journalizing and posting tax and payroll entries

12.) Demonstrate correct procedures for completing federal, state, and local income tax forms.

13.) Interpret generally accepted accounting principles (GAAP).

Examples: adequate disclosure, business entity

14.) Demonstrate skills in communication, leadership, and teamwork.

•  Applying problem-solving and critical-thinking skills to resolve workplace conflict