STANDARD COMPETENCIES:

 

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

 II.     Define and identify balance sheet concepts.

 III.    Explain and identify accounting principles and components of accounting software

 IV.     Identify and explain reports generated from an accounting package.

 TOPICAL OUTLINE:

 

 I.      Computer Terminology

         A.      Basic computer components and terminology.

         B.      Functions of system and application software.

 II.     Application Software

         A.      Purpose of a chart of accounts.

         B.      Concepts and components of a chart of accounts.

         C.      Single and double entry accounting systems.

         D.      Split transactions.

 III.    Balance Sheet Concepts

         A.      Assets, liabilities, and equity.

         B.      Balance sheet equation and equity calculation.

         C.      Categories of assets and liabilities.

         D.      Cost and market value and accrual vs. cash balance sheets.

         E.      Depreciation.

         F.      Data for completing a beginning cash balance sheet.

 IV.     Accounting Principles

         A.      Accrual and cash accounting methods.

         B.      T-accounts, debits and credits.

         C.      Routine accounting transactions and their effect on the balance sheet.

 V.      Business Planning

         A.      Business plan and its purpose.

         B.      Components of a business plan.

         C.      Business description including an overview and human resources.

         D.      Business and personal short and long term goals.

 VI.     Computerized Records

         A.      Components of reports pertinent to the business.

         B.      Purpose of financial reports in relation to the business.