Gaston College Apprenticeship 321

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.
  • Operate computers programmed with accounting softward to record, store and analyze information.
  • Recognize the potential accounting issues involved in many common business transactions and devise acceptable alternative solutions to them.
• Financial Statements
  • Explain the ten elements of business financial statements.
  • Construct acceptably-formatted financial statements.
  • Explain the interrelationship among the four required financial statements.
  • Formulate criteria for proper classification and recording of energy costs.
  • Classify and perform comparative analyses of financial statements.
  • Perform bookkeeping services
  • Debit, credit, and total accounts on computer spreadsheets and databases, using specialized accounting software.
  • Prepare trial balances of books
• Cost Analysis
  • Evaluate production systems to determine and apply proper costing system procedures for various types of manufacturers.
  • Analyze variances from standard cost and determine causes for variances.
• Payroll
  • Prepare and process payroll information
• General Operations
  • Effectively interface with others outside of the department to include but not be limited to, Legal, Tax, Credit, Trade Finance.
  • Perform general office duties such as filing, answering telephones and handling routine correspondence
  • Operate 10-key calculators, computer and copy machines to perform calculations and produce documents
• Accuracy of Financial or Transactional Data
  • Check figures, postings, and documents for correct entry, mathematical accuracy, and proper codes.
  • Match order forms with invoices, and record the necessary information.
  • Prepare bank deposits by compiling data from cashiers, verifying and balancing receipts, and sending cash, checks, or other forms of payment to banks.
  • Compare computer printouts to manually maintained journals to determine if they match.
• Compile Data or Documentation
  • Prepare bank deposits by compiling data from cashiers, verifying and balancing receipts, and sending cash, checks, or other forms of payment to banks.
  • Compile budget data and documents, based on estimated revenues and expenses and previous budgets.
  • Compile statistical, financial, accounting, or auditing reports and tables pertaining to such matters as cash receipts, expenditures, accounts payable and receivable, and profits and losses.
• Calculate Financial Data
  • Perform financial calculations, such as amounts due, interest charges, balances, discounts, equity, and principal.
  • Debit, credit, and total accounts on computer spreadsheets and databases, using specialized accounting software.
  • Compute deductions for income and social security taxes.
  • Calculate and prepare checks for utilities, taxes, and other payments.
  • Calculate, prepare, and issue bills, invoices, account statements, and other financial statements according to established procedures.
• Collect Deposits, Payments or Fees
  • Receive, record and bank cash, checks and vouchers
• Reconcile Records of Sales or Other Financial Transactions
  • Reconcile or note and report discrepancies found in records
  • Reconcile records of bank transactions
• Monitor Financial Information
  • Monitor status of loans and accounts to ensure that payments are up to date
• Code Data
  • Code documents according to company procedures
• Search Files, Databases or Reference Materials to Obtain Needed Information
  • Access computerized financial information to answer general questions as well as those related to specific accounts
• Prepare Documentation for Contracts, Transactions or Regulary Compliance
  • Complete and submit tax forms and returns, workers' compensation forms, pension contrbution forms and other government documents
  • Prepare purchase orders and expense reports
• Calculate Costs of Goods or Services
  • Calculate costs of materials, overhead and other expenses, based on estimates, quotations and price lists
• Maintain Inventory Records
  • Maintain Inventory Records