Difference between revisions of "AY Honors/Accounting"

Accounting
Accounting
Vocational
	Skill Level 123
Approval authority North American Division	Year of Introduction 1938

Revision as of 00:54, 25 March 2021

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Accounting

Skill Level

3

Year

1938

Version

28.11.2024

Approval authority

North American Division

Overview

The Challenging Part

The most challenging requirement of this honor is probably this:

10. Complete three of the following:

a. Reconcile bank balance to book balance in checking accounts, including deposit in transit, service charge, returned NSF, interest on account, and checks in transit.

b. 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.

c. Be able to write an income statement from a trial balance.

d. 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.

@@ Line 6: / Line 6: @@
 |insignia=Accounting_Honor.png
 |master=Technician
-|overview=Learn basic accounting skills such as balancing a checkbook, understanding small business transactions, and learning what careers are possible with these skills. These are all important life skills that are not easily taught just anywhere!
 }}

Accounting
Vocational

Skill Level 123
Approval authority North American Division	Year of Introduction 1938