| ÖÇ1 | Record financial transactions that create changes in business assets and resources. |
| ÖÇ2 | Explain generally accepted accounting principles |
| ÖÇ3 | Evaluate the functioning and application processes of active and passive accounts. |
| ÖÇ4 | Is able to record, classify, and post income statement accounts. |
| ÖÇ5 | Define the concepts of balance sheet, assets, liabilities, debts, and receivables. |