Difference between revisions of "AY Honors/Bookkeeping/Requirements"
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<section begin=Body /> | <section begin=Body /> | ||
| − | + | <b>1. <section begin=req1 /><noinclude><translate></noinclude>What is the difference between bookkeeping and accounting? | |
| − | <b>1. <section begin=req1 /><noinclude><translate></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></noinclude>Define the following terms: |
<noinclude></translate></noinclude><section end=req2 /></b> | <noinclude></translate></noinclude><section end=req2 /></b> | ||
| Line 15: | Line 12: | ||
<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></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></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></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></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></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></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></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></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></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></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></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></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? |
| − | :c. How do you keep track of who contributed how much money? | + | :c. How do you keep track of who contributed how much money? |
| − | :d. What money is sent to the conference? | + | :d. What money is sent to the conference? |
| − | :e. What money is kept in our local church? | + | :e. What money is kept in our local church? |
| − | :f. Are your records ever reviewed by an accountant? How often? | + | :f. Are your records ever reviewed by an accountant? How often? |
| − | :g. How do you report the church finances to the church board? | + | :g. How do you report the church finances to the church board? |
| − | :h. How do you report the church finances to the conference? | + | :h. How do you report the church finances to the conference? |
<noinclude></translate></noinclude><section end=req6 /></b> | <noinclude></translate></noinclude><section end=req6 /></b> | ||
<section end=challenge /> | <section end=challenge /> | ||
Revision as of 18:14, 17 May 2021
Bookkeeping
Skill Level
2
Year
1937
Version
23.11.2024
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?
