Difference between revisions of "AY Honors/Bookkeeping/Requirements"

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< AY Honors‎ | BookkeepingAY Honors/Bookkeeping/Requirements
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<b>1. <section begin=req1 /><noinclude><translate><!--T:1-->
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<b>1. <section begin=req1 /><noinclude><translate></noinclude>What is the difference between bookkeeping and accounting?  
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</noinclude>What is the difference between bookkeeping and accounting?
 
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<b>2. <section begin=req2 /><noinclude><translate></noinclude>Define the following terms:  
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</noinclude>Define the following terms:
 
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:<b>a. <section begin=req2a /><noinclude><translate></noinclude>Asset
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</noinclude>Asset
 
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:<b>b. <section begin=req2b /><noinclude><translate></noinclude>Liability  
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:<b>b. <section begin=req2b /><noinclude><translate><!--T:4-->
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</noinclude>Liability
 
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:<b>c. <section begin=req2c /><noinclude><translate></noinclude>Credit  
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:<b>c. <section begin=req2c /><noinclude><translate><!--T:5-->
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</noinclude>Credit
 
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:<b>d. <section begin=req2d /><noinclude><translate></noinclude>Debit  
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:<b>d. <section begin=req2d /><noinclude><translate><!--T:6-->
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</noinclude>Debit
 
<noinclude></translate></noinclude><section end=req2d /></b>
 
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:<b>e. <section begin=req2e /><noinclude><translate></noinclude>Posting  
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:<b>e. <section begin=req2e /><noinclude><translate><!--T:7-->
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</noinclude>Posting
 
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:<b>f. <section begin=req2f /><noinclude><translate></noinclude>Trial balance  
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:<b>f. <section begin=req2f /><noinclude><translate><!--T:8-->
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</noinclude>Trial balance
 
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:<b>g. <section begin=req2g /><noinclude><translate></noinclude>Voucher  
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:<b>g. <section begin=req2g /><noinclude><translate><!--T:9-->
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</noinclude>Voucher
 
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:<b>h. <section begin=req2h /><noinclude><translate></noinclude>Invoice  
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:<b>h. <section begin=req2h /><noinclude><translate><!--T:10-->
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</noinclude>Invoice
 
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:<b>i. <section begin=req2i /><noinclude><translate></noinclude>Interest  
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</noinclude>Interest
 
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<b>3. <section begin=req3 /><noinclude><translate></noinclude>What is the difference between double-entry bookkeeping and single-entry bookkeeping?  
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<b>3. <section begin=req3 /><noinclude><translate><!--T:12-->
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</noinclude>What is the difference between double-entry bookkeeping and single-entry bookkeeping?
 
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<b>4. <section begin=req4 /><noinclude><translate></noinclude>What education is necessary to be a bookkeeper? What other education is helpful to a bookkeeping career?  
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<b>4. <section begin=req4 /><noinclude><translate><!--T:13-->
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</noinclude>What education is necessary to be a bookkeeper? What other education is helpful to a bookkeeping career?
 
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<b>5. <section begin=req5 /><noinclude><translate></noinclude>What are some career fields that are related to bookkeeping?  
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<b>5. <section begin=req5 /><noinclude><translate><!--T:14-->
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</noinclude>What are some career fields that are related to bookkeeping?
 
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<b>6. <section begin=req6 /><noinclude><translate></noinclude>Conduct an interview with your church treasurer, asking the following questions: <br />a. How much time do you spend each week at your job as church treasurer? <br />b. What do you do with the money collected in the offering plates? <br />c. How do you keep track of who contributed how much money? <br />d. What money is sent to the conference? <br />e. What money is kept in our local church? <br />f. Are your records ever reviewed by an accountant? How often? <br />g. How do you report the church finances to the church board? <br />h. How do you report the church finances to the conference?  
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<section begin=challenge />
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<b>6. <section begin=req6 /><noinclude><translate><!--T:15-->
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</noinclude>Conduct an interview with your church treasurer, asking the following questions:
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:a. How much time do you spend each week at your job as church treasurer?
 +
:b. What do you do with the money collected in the offering plates?
 +
:c. How do you keep track of who contributed how much money?
 +
:d. What money is sent to the conference?
 +
:e. What money is kept in our local church?
 +
:f. Are your records ever reviewed by an accountant? How often?
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:g. How do you report the church finances to the church board?
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:h. How do you report the church finances to the conference?
 
<noinclude></translate></noinclude><section end=req6 /></b>
 
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<section end=challenge />
 
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Latest revision as of 20:23, 20 July 2022

Other languages:
English • ‎español
Bookkeeping

Skill Level

2

Year

1937

Version

23.11.2024

Approval authority

General Conference

Bookkeeping AY Honor.png
Bookkeeping
Vocational
Skill Level
123
Approval authority
General Conference
Year of Introduction
1937
See also
Technician Master Award



1. What is the difference between bookkeeping and accounting?

2. Define the following terms:

a. Asset

b. Liability

c. Credit

d. Debit

e. Posting

f. Trial balance

g. Voucher

h. Invoice

i. Interest

3. What is the difference between double-entry bookkeeping and single-entry bookkeeping?

4. What education is necessary to be a bookkeeper? What other education is helpful to a bookkeeping career?

5. What are some career fields that are related to bookkeeping?


6. Conduct an interview with your church treasurer, asking the following questions:

a. How much time do you spend each week at your job as church treasurer?
b. What do you do with the money collected in the offering plates?
c. How do you keep track of who contributed how much money?
d. What money is sent to the conference?
e. What money is kept in our local church?
f. Are your records ever reviewed by an accountant? How often?
g. How do you report the church finances to the church board?
h. How do you report the church finances to the conference?


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