Title: Apply generally accepted accounting principles (GAAP), systems, tools, and applicable laws and regulations to record, track, and audit business transactions.
Course: Agricultural Business Operations II (18201-36) > Section: Managing Financial Records and Reports

Application should include

- describing accounting systems and procedures used for record keeping
- describing and evaluating tools and services used for recording, tracking, and auditing business transactions
- examining laws and regulations related to recording, tracking and auditing business transactions.

Process/Skill Questions:

- Why is recordkeeping important?
- What skills are needed for recordkeeping?
- What are resources for keeping records?
- How would inaccurate records affect a business?
- How does keeping good records apply to everyday life?
- What decisions can be made based on one’s personal records?
- What jobs would require recordkeeping?
- Why are neatness and accuracy important when keeping records?