Test Apprenticeship

On-the-job Training

• Accounting Practices
  • Comprehend elements of the accounting cycle
  • Evaluate, analyze and apply generally accepted accounting principles and concepts
  • Classify and perform comparative analyses of financial statements
  • Comprehend basic managerial accounting concepts and theory utilized by managerial personnel in making business decisions
  • Recognize the potential accounting issues involved in many common business transactions and devise acceptable alternative solutions to them
• Inventory
  • Identify problems and alternative solutions involving inventory control and depreciation of company assets
  • Identify central issues and problems related to internal control
  • Process customer orders for maintenance contracts
• Management Decisions
  • Evaluate managerial decisions in relation to other possible courses of action
  • Prepare well-labeled computations and schedules in support of managerial decisions and recommendations
  • Articulate the authoritative basis for acceptable solutions to accounting problems
  • Identify and analyze relevant costs for managerial decision making
  • Run sales history and analysis reports with distribution to appropriate departments
• Financial Statements
  • Explain the elements of industry financial statements
  • Construct acceptably formatted financial statements
  • Explain the interrelationship among required financial statements
  • Formulate criteria for proper classification and recording of industry costs
• Cost Analysis
  • Evaluate industry systems to determine and apply proper costing procedures
  • Analyze variances from standard cost and determine possible causes for variances
• Accounts Payable and Receivable
  • Enter Accounts Payable invoices for operational expenses and vendor purchases
  • Reconciliation of vendor shipments vs. purchase orders, verifying any discrepancies and reporting to purchasing department
  • Choosing and releasing vendor invoices to be paid and respond to Vendors requesting payment information
  • File completed Purchase Orders, open Vendor invoices, and paid Vendor invoices in appropriate files
  • Process the remote deposit capture of the AR checks applied to customer’s accounts daily
  • Process credit memos and credit/rebill of customer invoices as needed
  • Update, resolve and invoice completed service work orders
• Taxes
  • Gather information for year-end and prepare financials
  • Gather information and prepare various required 1099 documents for prior tax year
  • Comprehend the federal tax law as applied to business
  • Analyze tax accounting methods as applied to business
  • Prepare corporate tax return components
  • Recognize the essentials of tax planning