NBEA Achievement Standards for Computation Correlation by Task
In this course, the following tasks/competencies reinforce the standards listed beside them. Teachers may identify additional reinforcements in locally developed instructional materials.
|Task/Competency Number||Task/Competency Statement||Standards|
|51||Maintain inventory records.||
NBEA Achievement Standards for Computation: Calculate inventory turnover at cost and at retail for a given period. ♦ Calculate inventory valuation according to different plans including LIFO, FIFO, specific identification, and weighted average. ♦ Calculate the annual and accumulated depreciation or cost recovery of plant assets (e.g., straight-line, declining balance, Accelerated Cost Recovery System, and IRS methods).
|59||Manage cash fund accounts.||
NBEA Achievement Standards for Computation: Calculate the cash flow and determine cash sufficiency for a given period of time. ♦ Maintain a columnar cash record. ♦ Reconcile and replenish petty cash fund and cash drawer.
|60||Prepare payroll records.||
NBEA Achievement Standards for Computation: Calculate gross earnings (e.g., salary, hourly rate, commission, per diem, tips, or production). ♦ Calculate payroll withholdings, Social Security and Medicare deductions, other deductions, and net earnings. ♦ Complete the employer's quarterly federal tax return, which includes the calculations for employee and employer taxes. ♦ Maintain payroll register and individual earnings record.
|61||Maintain check records.||
NBEA Achievement Standards for Computation: Complete check records (e.g., check register and deposit slips). ♦ Reconcile the bank statement with the check register.
|62||Determine budgetary requirements for the office.||
NBEA Achievement Standards for Computation: Prepare a budget.
|66||Prepare financial statements.||
NBEA Achievement Standards for Computation: Reconcile the bank statement with the check register.
|67||Maintain records for billing.||
NBEA Achievement Standards for Computation: Select and use appropriate tools when solving problems (e.g., paper and pencil, manipulatives, hand-held calculators, Web calculators, computer numerical keypads, spreadsheets, personal desktop assistants, and cell phones.