State of California Financial Services Apprenticeship for the occupations of Tax Examiners, Collectors, and Revenue Agents, Accountants, and Auditors. In this program, apprentices shall satisfactorily complete the prescribed related and supplemental instruction (RSI) identified in the Apprenticeship Standards (File No. 100451) developed by the JAC while receiving on-the-job training in the designated occupation.
Training for the following California state occupations: (1) Tax Examiners, Collectors, and Revenue Agents, (2) Accountants, (3) Auditors.
Student Learning Outcomes
✔ describe the components of the conceptual framework for financial accounting and reporting, including the qualitative characteristics of accounting information, the assumptions underlying accounting, the basic principles of financial accounting, and the constraints and limitations on accounting information.
✔ apply transaction analysis, input transactions into the accounting system, process this input, and prepare and interpret the four basic financial statements.
✔ define and illustrate various cost terms, concepts, and behaviors, and evaluate their relevance for different decision-making purposes.
✔ compare, contrast, and apply different costing methods.
✔ explain the purposes of budgeting, prepare a master budget and its component schedules, and relate the budget to planning and control.
✔ examine the role of cost accounting in business planning and decision-making.
✔ differentiate between, account for, and report product and period costs.
✔ use costs to make pricing and other types of business decisions.
✔ examine the concepts, principles, and practices of financial accounting, including discussion of Generally Accepted Accounting Principles (U.S. GAAP) and International Financial Reporting Standards (IFRS) on selected topics.
✔ prepare financial statements and related disclosures, including classified balance sheets, multiple step income statements with presentation of discontinued operations, extraordinary items, and accounting changes.
✔ analyze and account for complex business transactions.
✔ analyze the six principles of the American Institute of Certified Public Accountants (AICPA) Code of Professional Conduct.
✔ assess the various components of audit risk.
✔ evaluate the structure of audit working papers documentation.
✔ compare and contrast the three methods of documenting and assessing internal controls.
✔ identify, select, and use appropriate writing aids, references, and Internet resources used in business writing.
✔ prepare documents that exhibit a clear understanding of the essentials of sentence structure, word usage, punctuation, spelling, critical thinking, and business vocabulary.
✔ define and explain important legal principles and analyze how they affect business and personal issues.
✔ assess the reading process and materials to employ appropriate critical reading strategies.