Knowledge Indicators - The competent business, marketing, and computer education teacher:
4A. understands the various steps of the accounting cycle for a proprietorship, partnership, and corporation.
4B. understands assets, liabilities, and owner's equity according to generally accepted accounting principles.
4C. understands accounting principles as they apply to ownership, payroll, income taxation, and managerial systems.
4D. understands computational and algebraic operations.

Performance Indicators - The competent business, marketing, and computer education teacher:
4E. prepares, interprets, and analyzes financial statements using manual and computerized systems.
4F. applies appropriate accounting principles to various forms of ownership payroll, income taxation, and managerial systems.
4G. uses planning and control principles to evaluate the performance of an organization and applies differential analysis and present value concepts to make decisions.
4H. uses statistical analysis to interpret consumer and business data to solve problems.