Accounting

This badge demonstrates the earner's ability to explain why accounting is critical for businesses, including the users of accounting information, the organizations and rules that govern accounting, the accounting equations used, and how to use financial statements and ROA (return on assets).

This badge demonstrates the earner's ability to describe the components of an effective accounting information system for a manual accounting information system and a computerized accounting information system.

This badge demonstrates the earner's ability to use the payback method, accounting rate of return methods, time value of money, and discounted cash flow methods to make capital investment decisions.

This badge demonstrates the earner's ability to demonstrate how to complete the accounting cycle, including preparing financial statements, using a worksheet, and preparing the post-closing trial balance.

This badge demonstrates the earner's ability to determine how much a business is worth using earnings per share, rate of return on common stock, and the price/earnings ratio.

This badge demonstrates the earner's ability to use responsibility reports, return on investment (ROI), and residual income (RI) to evaluate investment centers.

This badge demonstrates the earner's ability to use cost-volume-profit analysis for profit planning, sensitivity analysis, and to calculate margin of safety, operating leverage, and multi-product breakeven points.

This badge demonstrates the earner's ability to Show how businesses account for current liabilities and payroll.

This badge demonstrates the earner's ability to perform analysis of financial statements to analyze a business using horizontal analysis and vertical analysis.

This badge demonstrates the earner's ability to use flexible budgets to compute standard cost variances for direct materials, direct labor and manufacturing overhead, and analyze product cost variances.

This badge demonstrates the earner's ability to Show how to apply internal controls to cash receipts and cash payments.

This badge demonstrates the earner's ability to Show how managerial accounting is used, including classifying costs for service, merchandising, and manufacturing companies.

This badge demonstrates the earner's ability to account for and report debt securities and equity securities.

This badge demonstrates the earner's ability to calculate job costs.

This badge demonstrates the earner's ability to account for long-term liabilities, including notes payable, mortgages payable, bonds payable, and report liabilities on the balance sheet.

This badge demonstrates the earner's ability to prepare operating and financial budgets for manufacturing and merchandising companies.

This badge demonstrates the earner's ability to determine the cost of merchandise inventory, including accounting principles and controls related to merchandise inventory, the lower-of-cost-or-market rule, the impact of inventory errors, and inventory turnover.

This badge demonstrates the earner's ability to account for the purchase and sale of merchandise inventory using two types of merchandise inventory systems.

This badge demonstrates the earner's ability to demonstrate how a business operates as a partnership, including partnership financial statements, allocating profits and losses, and account for a partner's admission, withdrawal, and liquidation.

This badge demonstrates the earner's ability to Show how plant assets, natural resources, and intangibles are accounted for.