After completing the financial accounting courses, (Acct 1A and 1B), you should be able to answer questions similar the ones listed on this page.

You will also be able to demonstrate your active learning skills, oral and written communication skills, ability to work effectively in groups, and ability to reason creatively and critically.

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Development of these competencies and converting them to the Web was partially funded by

  • VATEA/VTEA (Federal)
  • Partnership for Excellence (California)
  • Workforce Silicon Valley
  • How does accounting meet the information needs of investors and creditors?

  •  How does accounting meet the information needs of regulatory agencies and taxing authorities?

  • How do businesses operate and how does accounting serve them?

  • What are the elements of, the relationships among, and the accounting concepts underlying the primary financial statements?

  • What are the uses and limitations of financial statements and related information in making both business and personal financial decisions?

  • How is the usefulness of information produced by an accounting system directly related to that system's design?

  • How are business transactions input, processed by an accounting information system, and output by that same system to produce financial statements?

  • How will I demonstrate active learning?

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