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></noinclude>What is the difference between bookkeeping and accounting? | + | <b>1. <section begin=req1 /><noinclude><translate><!--T:1--> |
| + | </noinclude>What is the difference between bookkeeping and accounting? | ||
<noinclude></translate></noinclude><section end=req1 /></b> | <noinclude></translate></noinclude><section end=req1 /></b> | ||
| − | <b>2. <section begin=req2 /><noinclude><translate></noinclude>Define the following terms: | + | <b>2. <section begin=req2 /><noinclude><translate><!--T:2--> |
| + | </noinclude>Define the following terms: | ||
<noinclude></translate></noinclude><section end=req2 /></b> | <noinclude></translate></noinclude><section end=req2 /></b> | ||
| − | :<b>a. <section begin=req2a /><noinclude><translate></noinclude>Asset | + | :<b>a. <section begin=req2a /><noinclude><translate><!--T:3--> |
| + | </noinclude>Asset | ||
<noinclude></translate></noinclude><section end=req2a /></b> | <noinclude></translate></noinclude><section end=req2a /></b> | ||
| − | :<b>b. <section begin=req2b /><noinclude><translate></noinclude>Liability | + | :<b>b. <section begin=req2b /><noinclude><translate><!--T:4--> |
| + | </noinclude>Liability | ||
<noinclude></translate></noinclude><section end=req2b /></b> | <noinclude></translate></noinclude><section end=req2b /></b> | ||
| − | :<b>c. <section begin=req2c /><noinclude><translate></noinclude>Credit | + | :<b>c. <section begin=req2c /><noinclude><translate><!--T:5--> |
| + | </noinclude>Credit | ||
<noinclude></translate></noinclude><section end=req2c /></b> | <noinclude></translate></noinclude><section end=req2c /></b> | ||
| − | :<b>d. <section begin=req2d /><noinclude><translate></noinclude>Debit | + | :<b>d. <section begin=req2d /><noinclude><translate><!--T:6--> |
| + | </noinclude>Debit | ||
<noinclude></translate></noinclude><section end=req2d /></b> | <noinclude></translate></noinclude><section end=req2d /></b> | ||
| − | :<b>e. <section begin=req2e /><noinclude><translate></noinclude>Posting | + | :<b>e. <section begin=req2e /><noinclude><translate><!--T:7--> |
| + | </noinclude>Posting | ||
<noinclude></translate></noinclude><section end=req2e /></b> | <noinclude></translate></noinclude><section end=req2e /></b> | ||
| − | :<b>f. <section begin=req2f /><noinclude><translate></noinclude>Trial balance | + | :<b>f. <section begin=req2f /><noinclude><translate><!--T:8--> |
| + | </noinclude>Trial balance | ||
<noinclude></translate></noinclude><section end=req2f /></b> | <noinclude></translate></noinclude><section end=req2f /></b> | ||
| − | :<b>g. <section begin=req2g /><noinclude><translate></noinclude>Voucher | + | :<b>g. <section begin=req2g /><noinclude><translate><!--T:9--> |
| + | </noinclude>Voucher | ||
<noinclude></translate></noinclude><section end=req2g /></b> | <noinclude></translate></noinclude><section end=req2g /></b> | ||
| − | :<b>h. <section begin=req2h /><noinclude><translate></noinclude>Invoice | + | :<b>h. <section begin=req2h /><noinclude><translate><!--T:10--> |
| + | </noinclude>Invoice | ||
<noinclude></translate></noinclude><section end=req2h /></b> | <noinclude></translate></noinclude><section end=req2h /></b> | ||
| − | :<b>i. <section begin=req2i /><noinclude><translate></noinclude>Interest | + | :<b>i. <section begin=req2i /><noinclude><translate><!--T:11--> |
| + | </noinclude>Interest | ||
<noinclude></translate></noinclude><section end=req2i /></b> | <noinclude></translate></noinclude><section end=req2i /></b> | ||
| − | <b>3. <section begin=req3 /><noinclude><translate></noinclude>What is the difference between double-entry bookkeeping and single-entry bookkeeping? | + | <b>3. <section begin=req3 /><noinclude><translate><!--T:12--> |
| + | </noinclude>What is the difference between double-entry bookkeeping and single-entry bookkeeping? | ||
<noinclude></translate></noinclude><section end=req3 /></b> | <noinclude></translate></noinclude><section end=req3 /></b> | ||
| − | <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? | + | <b>4. <section begin=req4 /><noinclude><translate><!--T:13--> |
| + | </noinclude>What education is necessary to be a bookkeeper? What other education is helpful to a bookkeeping career? | ||
<noinclude></translate></noinclude><section end=req4 /></b> | <noinclude></translate></noinclude><section end=req4 /></b> | ||
| − | <b>5. <section begin=req5 /><noinclude><translate></noinclude>What are some career fields that are related to bookkeeping? | + | <b>5. <section begin=req5 /><noinclude><translate><!--T:14--> |
| + | </noinclude>What are some career fields that are related to bookkeeping? | ||
<noinclude></translate></noinclude><section end=req5 /></b> | <noinclude></translate></noinclude><section end=req5 /></b> | ||
<section begin=challenge /> | <section begin=challenge /> | ||
| − | <b>6. <section begin=req6 /><noinclude><translate></noinclude>Conduct an interview with your church treasurer, asking the following questions: | + | <b>6. <section begin=req6 /><noinclude><translate><!--T:15--> |
| + | </noinclude>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? | :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? | :b. What do you do with the money collected in the offering plates? | ||
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<section end=challenge /> | <section end=challenge /> | ||
<section end=Body /> | <section end=Body /> | ||
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Latest revision as of 20:23, 20 July 2022
Bookkeeping
Skill Level
2
Year
1937
Version
27.11.2024
Approval authority
General Conference
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?
