1. Compare and contrast the three major types of business entities.
2. State the accounting equation and describe how it is affected by business transactions.
3. Classify typical accounts, distinguish permanent from temporary accounts, and determine the normal balance of accounts.
4. Demonstrate and describe all of the steps in the accounting cycle.
5. Identify the components of the income statement, statement of owner’s equity, and the balance sheet.
6. Explain the relationships between control accounts, subsidiary accounts, and the general ledger.
7. Reconcile a bank statement and record the associated entries.
8. Describe internal control procedures for cash.
9. Work effectively in a collaborative environment to arrive at solutions to problems.

• Explain how transactions affect the accounting equation
• Describe the steps in the accounting cycle
• Prepare a simple income statement, retained earnings statement and balance sheet
• Describe the fundamental internal control principles
• Calculate and interpret common financial ratios
• Perform a break-even analysis for single and multiple products
• Prepare a master budget
• Employ common capital budgeting techniques

Given employee earnings information and appropriate tax tables, students will be able to:

• Complete a payroll register including calculation of gross pay, calculation of deductions such as FICA, FIT, etc., and calculation of net pay.
• Complete federal and state payroll tax reports.
• Given a company’s revenue information, students shall:
• Complete city and state excise tax reports.

• Explain the relationship between the chart of accounts and its electronic representation.
• Enter transactions into the general journal, including end-of-period adjustments.
• Enter data into subsidiary accounting functions such as inventory, payroll, accounts receivable and payable, and fixed assets.
• Create, maintain, store, and protect electronic account data.
• Create and interpret financial statements and reports.
• Solve problems by determining corrective actions to take when given incomplete, inaccurate, or misleading source documents.
• Describe basic computer operations such as data backup and printing.

• Describe the purpose and the sources of federal tax law
• Distinguish progressive, proportional, and regressive the tax structures
• Differentiate between items included and excluded from gross income
• Describe differences between tax deductions and tax credits
• Identify similarities and differences of financial accounting and income tax accounting
• Prepare tax schedules associated with a Form 1040 including required calculations
• Distinguish ordinary gains and losses from capital gains and losses
• Explain how to exclude the gain on the sale of a personal primary residence
• Develop an appreciation of the economic, political, and social impact of federal income taxation

• Perform the accounting cycle steps manually
• Prepare end of period adjusting entries for cash basis entries
• Prepare financial statements
• Create a company and perform account maintenance in QuickBooks
• Describe the impact of QuickBooks transactions on the financial statements
• Perform employee payroll calculations, withholdings, and payroll taxes
• Complete payroll tax forms
• Prepare payroll transactions
• Describe the internal controls necessary to protect company assets and ensure accounting accuracy.

• Identify the qualitative characteristics of financial reporting and apply the basic assumptions, principles, and conventions underlying generally accepted accounting principles.
• Explain the differences between corporations, partnerships, and proprietorships.
• Classify accounts into the appropriate categories: asset, liability, stockholders’ equity, revenue, or expense.
• Distinguish permanent from temporary accounts, and determine the normal balance of accounts.
• State the steps in the accounting cycle and apply the accounting cycle to service firms including: journalizing, posting, adjusting entries, financial statements, closing entries, and reversing entries.
• Distinguish between accrual accounting and cash basis accounting.
• Demonstrate the accounting for simple merchandising transactions.
• Distinguish between cash, cash equivalents, and short-term investments and explain accounting principles for each.
• Perform the calculations to determine losses for uncollectible accounts under the allowance method.
• Calculate interest, maturity value, and the maturity date of short-term notes receivable.
• Distinguish between inventory systems, costing methods, and valuation.
• Determine the cost of inventory under various cost flow assumptions.

1. Identify the major types of current liabilities and describe the accounting treatment for each.
2. Describe the major characteristics of corporate bonds and apply the time value of money concepts to determine bond issue prices.
3. Identify the acquisition costs of long-term assets, demonstrate methods of depreciating these assets, and describe how to account for the sell or disposal of long-term assets.
4. Explain the accounts and concepts associated with the stockholders’ equity section of a corporate balance sheet.
5. Discuss the classification of cash flows and the types of inflows and outflows associated with each of the classifications.
6. Describe the major characteristics of corporations and explain the effects of stock transactions on the accounting equation.

• Demonstrate how costs flow through a manufacturing firm.
• Describe the differences between job costing and process costing.
• Compare Activity Based Costing (ABC) with traditional costing systems.
• Explain the differences between absorption and variable costing.
• Prepare the major components of a master budget.
• Explain how various costs behave and why knowledge of cost behavior is important in business.
• Apply the concepts of cost/volume/profit analysis as it relates to cost behavior.
• Employ time value of money concepts to solve capital budgeting problems.
• Discuss the differences between managerial and financial accounting.
• Describe the relationship between budgets and performance measurement.
• Utilize spreadsheets to solve business problems and present information.

• Describe components of verbal and nonverbal communication
• Identify therapeutic and non-therapeutic responses in health care communication.
• Discuss blocks to therapeutic communication.
• Identify characteristics of effective verbal and written reporting in health care settings.
• Explain principles for documentation in health care settings.
• Discuss communication strategies for complex health care situations.
• Explain strategies for effective teamwork within health care organizations.
• Discuss strategies for conflict management in health care employment settings.
• Explore the use of computer technology in health care.
• Analyze the impact of cultural and philosophical beliefs on health care practices and communication.
• Explore methods for acquiring employment in health care settings.
• Identify characteristics of credible websites.

• Relate industrial safety practices to various mechanical jobs.
• Apply knowledge of basic skills relative to further study in the automotive or diesel programs.
• Demonstrate a mastery of basic machine, tool, and material processes in the mechanical industries.
• Apply educational skills of communication, problem solving, and computation as they relate to industry.
• Be acquainted with industrial work procedures as applied to identified tasks.
• Use appropriate hand tools, portable power tools, measuring and testing equipment, and power machinery.
• Access and utilize technical reference manuals, specification charts, trade journals, and computerized repair data.
• Possess technical skills and knowledge needed for advanced training in the automotive or diesel program.
• Develop teamwork skills in solving problems using inductive and deductive thought.

• Apply Ohm’s Law to understand the electrical principles
• Interpret wiring diagrams
• Identify electrical circuit components
• Test electrical components to determine needed repairs
• Diagnose general electrical systems
• Diagnose and service a battery
• Diagnose and repair starting system
• Diagnose and repair lighting system
• Diagnose and repair driver information system
• Diagnose and repair power accessories
• Diagnose and repair computer circuits

1. Use safety procedures necessary for working with (HVAC) systems
2. Explain the principles of heat movement within (HVAC) systems
3. Explain the operation of (HVAC) components
4. Properly use diagnostic equipment
5. Use refrigerant recovery equipment effectively
6. Identify systems which use various types of refrigerants

1. Diagnose and perform brake jobs on all brake systems
2. Diagnose brake noise
3. Identify ABS system type
4. Determine if a malfunction has occurred
5. Determine if malfunction is anti-lock or TCS system
6. Retrieve stored trouble codes
7. Determine method of diagnosis
8. Diagnose and repair suspension problems.
9. Perform alignments
10. Diagnose wheel and tire problems
11. Demonstrate proper safety procedures
12. Demonstrate responsibility for worksite cleanup

• Identify components of a gasoline engine
• Discuss the operation, design, maintenance, and minor repair of gasoline engines
• Observe safe practice and procedures
• Demonstrate good work ethic
• Use mathematics to analyze and repair engine related problems
• Diagnose engine mechanical problems
• Remove and disassemble a gasoline engine
• Clean parts and assemblies
• Use math to measure and inspect engine components
• Perform needed machining operations
• Perform proper reassemble techniques
• Reinstall and test run engine
• Perform final adjustments to an engine
• Clean parts and assemblies
• Dispose of oil and other waste products properly