Difference between revisions of "AY Honors/Accounting/Requirements 2"
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| − | + | <section begin=Body /> | |
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| − | <b> | + | <b>{{Localize|Prologue}}: <section begin=reqPrologue /><noinclude><translate><!--T:1--> |
| − | < | + | </noinclude>Complete a high school or college course in accounting OR the following requirements: |
| + | <noinclude></translate></noinclude><section end=reqPrologue /></b> | ||
| − | <b> | + | <b>1. <section begin=req1 /><noinclude><translate><!--T:2--> |
| − | <section end= | + | </noinclude>Show transactions necessary for acquisition or deposit of assets, and acquisition and disposal of liability. Show transactions necessary to close income and expense accounts at year end. |
| + | <noinclude></translate></noinclude><section end=req1 /></b> | ||
| − | <b> | + | <b>2. <section begin=req2 /><noinclude><translate><!--T:3--> |
| − | <section end= | + | </noinclude>Be able to correctly classify balance sheet items with short term asset, long term asset, contra asset, short term liability, long term liability, and equity. |
| + | <noinclude></translate></noinclude><section end=req2 /></b> | ||
| − | + | <b>3. <section begin=req3 /><noinclude><translate><!--T:4--> | |
| − | + | </noinclude>Be able to write an income statement from a trial balance. | |
| + | <noinclude></translate></noinclude><section end=req3 /></b> | ||
| + | |||
| + | <section begin=challenge /> | ||
| + | <b>4. <section begin=req4 /><noinclude><translate><!--T:5--> | ||
| + | </noinclude>Be able to reconcile bank balance to book balance in checking accounts, including deposit in transit, service charge, returned NSF, interest on account, and checks in transit. | ||
| + | <noinclude></translate></noinclude><section end=req4 /></b> | ||
| + | <section end=challenge /> | ||
| + | <section end=Body /> | ||
Latest revision as of 18:42, 20 July 2022
Accounting
Skill Level
3
Year
1938
Version
28.11.2024
Approval authority
North American Division
Prologue: Complete a high school or college course in accounting OR the following requirements:
1. Show transactions necessary for acquisition or deposit of assets, and acquisition and disposal of liability. Show transactions necessary to close income and expense accounts at year end.
2. Be able to correctly classify balance sheet items with short term asset, long term asset, contra asset, short term liability, long term liability, and equity.
3. Be able to write an income statement from a trial balance.
4. Be able to reconcile bank balance to book balance in checking accounts, including deposit in transit, service charge, returned NSF, interest on account, and checks in transit.
