# CTE Resource Center - Verso - Accounting Related NBEA Achievement Standards for Computation

CTE Resource Center - Verso

Virginia’s CTE Resource Center

Related NBEA Achievement Standards for Computation

NBEA Achievement Standards for Computation

NBEA (National Business Education Association) standards have been correlated to ensure that students and adults are afforded equal access to fundamental business knowledge and skills and, therefore, an equal opportunity for success in life" (National Standards for Business Education, NBEA, 2007).

Calculate gross earnings (e.g., salary, hourly rate, commission, per diem, tips, or production).

 

Calculate payroll withholdings, Social Security and Medicare deductions, other deductions, and net earnings.

 

Calculate the total purchase price given the number of units and unit price.

 

Calculate the total sales and the sales tax for a sales transaction.

 

Calculate total assets, liabilities, and owner's equity for the balance sheet.

 

Complete check records (e.g., check register and deposit slips).

 

Complete the employer's quarterly federal tax return, which includes the calculations for employee and employer taxes.

 

Maintain electronic banking records.

 

Maintain payroll register and individual earnings record.

 

Reconcile and replenish petty cash fund and cash drawer.

 

Reconcile the bank statement with the check register.