CTE.BF.B.2.1 (Career Technical Education – Pathways)
Standard Identifier:
CTE.BF.B.2.1
Content Area:
Career Technical Education – Pathways
Grade Range:
7-12
Industry Sector:
Business and Finance
Pathway:
Financial Services Pathway
Pathway Standard:
Explain how the application of Generally Accepted Accounting Principles (GAAP) impacts the recording of transactions and the preparation of financial statements.
Performance Indicator:
Describe the two methods of accounting (cash and accrual) and the different accounting concepts (financial, tax, cost, nonprofit and auditing) used to report a business's financial position as it pertains to sole proprietorships, corporations, and partnerships.
Explain how the application of Generally Accepted Accounting Principles (GAAP) impacts the recording of transactions and the preparation of financial statements.
Performance Indicator:
Describe the two methods of accounting (cash and accrual) and the different accounting concepts (financial, tax, cost, nonprofit and auditing) used to report a business's financial position as it pertains to sole proprietorships, corporations, and partnerships.
Questions: Curriculum Frameworks and Instructional Resources Division |
CFIRD@cde.ca.gov | 916-319-0881