identifying an expense or cost advanced to the client
recognizing the ethical implications of comingling client’s funds with the firm’s funds or with other clients’ funds
describing how a trust account works
using an established office process for staff reporting of time spent on a client’s case (e.g., research, phone calls, meetings, document preparation, and trial preparation)
monitoring the cash receipts journal, the cash disbursements journal, and the subsidiary ledger.
Other Related Standards
FBLA Competitive Events and Activities Areas
NBEA Achievement Standards for Computation
Calculate fixed and variable costs, analyze data, and estimate the projected total income and total expenses for a given time period.
Calculate total, average, and unit costs of factory and office equipment, supplies, space, and labor.
Determine the correct mathematical processes to use for various problem situations and use formulas when appropriate.
Select and use appropriate tools when solving problems (e.g., paper and pencil, manipulatives, hand-held calculators, Web calculators, computer numerical keypads, spreadsheets, personal desktop assistants, and cell phones.
Use mathematical procedures to analyze and solve business problems.