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* Entrepreneurship:
Accounting
* Achievement Standard: Recognize that entrepreneurs must
establish, maintain, and analyze appropriate records to make business
decisions.
* Performance Expectations:
B: Identifying Types of Business Records
- Level 3 - Describe the effect that
inaccurate or missing records have on other business records.
- Level 4 - Identify records needed
for the day-to-day operation of a planned business.
- Understand the importance of inventory control
systems.
- Analyze the relationship of record keeping and
tax reporting.
C: Establishing and Using Business Records
- Level 4 - Develop plans to manage
accounts receivable and accounts payable.
D: Interpreting Business Records
- Level 3 - Forecast sales in order to plan
purchases
- Plan purchases based on sales forecasts
- Level 4 - Evaluate the financial
condition of a firm based on business records.
* This WebQuest is designed to meet the needs of youth in 9th
through 12th grades.
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