STANDARD COMPETENCIES:

 

 I.      Explain computer components /terminology, system and application software.

         A.      Define basic computer components and terminology including hardware, software, basic input/output devices, processing terms and storage devices

         B.      Define, identify and explain functions of system and application software.

 II.     Define and identify balance sheet concepts

         A.      Define assets, liabilities, and equity.

         B.      Define the balance sheet equation and calculate equity

         C.      Identify and define different categories of assets and liabilities

         D.      Explain cost and market value and accrual vs. cash

         E.      Define depreciation and its relationship to an asset

         F.      Gather information necessary for completing a beginning balance sheet

 III.    Identify and explain reports generated from an accounting package

         A.      Identify the components of a profit and loss, balance sheet, tax reports, transaction detail reports, and other reports pertinent to the business

         B.      State how each financial report can be used for business purposes

 IV.     Construct a business plan.

         A.      Define a business plan and its purpose

         B.      List the components of a business plan

         C.      Describe the business including an overview and human resources available

         D.      List and prioritize business and personal short and long term goals

         E.      Evaluate the business name

         F.      Select the business location

         G.      Identify the appropriate legal structure for the business

         H.      Identify business licensing and taxation

         I.      Identify contracts necessary for the business

         J.      List the basic steps in the marketing research process

         K.      Identify issues in hiring employees

         L.      Develop an evaluation process for human resources

 V.      Develop computerized accounting records.

         A.      Enter and maintain a chart of accounts by adding, editing, and deleting.

         B.      Enter balances for a beginning balance sheet.

         C.      Perform data entry for routine and advanced transactions.

         D.      Generate reports pertinent to the business.

         E.      Track transactions for accounts payable, accounts receivable, and payroll.

         F.      Reconcile a bank statement.

         G.      Perform basic functions including loading software, creating, changing, renaming, deleting files and folders, and saving data.

 VI.     Maintain an accurate set of computerized records.

         A.      Calculate various types of loan interest.

         B.      Create and maintain a filing system.

         C.      Create and maintain payroll records for employees

         D.      Identify necessary forms and taxes to file for the business

 VII.    Read, understand, and utilize information contained within financial reports.

         A.      Interpret and communicate financial reports with the accountant, lender, and other professionals.

         B.      Interpret statement generated from a lending institution.

         C.      Compile financial reports for the business plan

 TOPICAL OUTLINE:

 

 I.      Computer Technology and Terminology

         A.      Basic computer components and terminology

         B.      Functions of system and application software.

 II.     Balance sheet concepts

         A.      Assets, liabilities, and equity.

         B.      Balance sheet equation and calculate equity

         C.      Categories of assets and liabilities

         D.      Cost and market value and accrual vs. cash

         E.      Depreciation

         F.      Data for completing a beginning balance sheet

 III.    Reports in an accounting package

         A.      Profit and loss, balance sheet, tax reports, transaction detail reports, and other reports

         B.      Business purposes for financial reports

 IV.     Business plan.

         A.      Business plan and its purpose

         B.      Components of a business plan

         C.      Human resources

         D.      Short and long term goals

         E.      The business name

         F.      Business location

         G.      Legal structure for the business

         H.      Business licensing and taxation

         I.      Contracts in business

         J.      Marketing research

         K.      Hiring employees

         L.      Evaluation process for human resources

 V.      Computerized accounting records.

         A.      Chart of accounts

         B.      Beginning balance sheet.

         C.      Data entry

         D.      Reports

         E.      Transactions for accounts payable, accounts receivable, and payroll.

         F.      Reconcile bank statements

         G.      Basic functions of data management

 VI.     Accurate computerized records.

         A.      Loan interest.

         B.      Filing systems

         C.      Payroll records for employees

         D.      Forms and taxes for the business

         E.      Financial reports.

         F.      Financial reports for professionals.

         G.      Statements from the lending institution.

 VII.    Financial reports for the business plan