Common Planner
K–12 Standards

Advanced Accounting

Other Alabama CTE sets

Apply accounting procedures for calculating, journalizing, and posting entries related to bad debt.1.AA

  • 1

    Apply accounting procedures for calculating, journalizing, and posting entries related to bad debt.1.AA

Use accounting procedures related to the life cycle of fixed assets.2.AA

  • 2.a

    recording fixed assets, calculating depreciation and book value2.AA.a

Apply the Last In First Out (LIFO), First In First Out (FIFO), and weighted cost methods to estimate the cost of merchandise inventory.3.AA

  • 3

    Apply the Last In First Out (LIFO), First In First Out (FIFO), and weighted cost methods to estimate the cost of merchandise inventory.3.AA

Determine accounting procedures for calculating and recording interest and maturity dates for notes payable and notes receivable.4.AA

  • 4

    Determine accounting procedures for calculating and recording interest and maturity dates for notes payable and notes receivable.4.AA

Utilize accounting procedures for recording the adjusting, closing, and reversing of entries for accrued revenues and expenses.5.AA

  • 5

    Utilize accounting procedures for recording the adjusting, closing, and reversing of entries for accrued revenues and expenses.5.AA

Demonstrate accounting procedures for paying dividends and acquiring additional capital.6.AA

  • 6

    Demonstrate accounting procedures for paying dividends and acquiring additional capital.6.AA

Demonstrate accounting practices needed to complete financial statements, analyze cash flow, and critique projected budgets.7.AA

  • 7

    Demonstrate accounting practices needed to complete financial statements, analyze cash flow, and critique projected budgets.7.AA

Apply analysis ratio to evaluate solvency and earning power8.AA

  • 8

    Apply analysis ratio to evaluate solvency and earning power8.AA

Critique accounting decisions for ethical considerations9.AA

  • AA.

    Critique accounting decisions for ethical considerations9.AA

Explain legal requirements for forming and dissolving various business organizations.10.AA

  • 10.a

    sole proprietorship, partnership, nonprofit organization10.AA.a

Apply cost accounting procedures to complete transactions and financial statements for a merchandising business.11.AA

  • 12

    Use cost accounting procedures to journalize entries for initial investment and for liquidation12.AA

Explain the voucher method as it relates to preparation and payment of accounts payable and expenses13.AA

  • 13

    Explain the voucher method as it relates to preparation and payment of accounts payable and expenses13.AA

Determine career and entrepreneurial opportunities, responsibilities, and education credentialing requirements related to specialized accounting professions.14.AA

  • 14

    Determine career and entrepreneurial opportunities, responsibilities, and education credentialing requirements related to specialized accounting professions.14.AA

Utilize research results to analyze current accounting issues for their impact on society15.AA

  • 15.a

    corporate mergers, interest rate fluctuations, unethical practices15.AA.a

Frequently asked questions

What grade levels do these standards cover?
Grade 9, Grade 10, Grade 11, and Grade 12
Where can I read the official document?
Alabama COS

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