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National College Credit Recommendation Service

Board of Regents  |  University of the State of New York

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NOCTI and Nocti Business Solutions (NBS) | Evaluated Learning Experience

Accounting - Basic (4100) formerly Accounting - Basic (4000)

Course Category: 
Location: 
NOCTI and NBS proctored test centers throughout the United States.
Length: 
Varies.
Dates: 
September 2012 - Present.
Instructional delivery format: 
Proficiency exam
Learner Outcomes: 

Students will be able to journalize an opening entry; interpret information contained in source documents; follow principles of double-entry bookkeeping in the journalizing process; record entries in special journals; total and post special journals; adjust for bad debts using direct write-off or allowance methods; analyze transactions involving owners' equity; post from special journals to general and subsidiary ledger accounts; demonstrate understanding of multicolumn ledger rulings and computerized posting methods; use appropriate posting references; prove accuracy of posting to ensure entries are in balance; calculate employee earnings; enter payroll data in a payroll earnings record; demonstrate familiarity with electronic payroll data entry; complete a payroll register; prepare a payroll check and check stub with appropriate information; record information found on W-4 forms in employee data section; calculate appropriate employee payroll taxes and employer payroll tax liabilities; determine appropriate deposit dates, documentation, and prepare quarterly state and federal tax forms; journalize payroll entries at end of earnings period in appropriate journals; complete check stubs and checks; enter appropriate data on a deposit slip; reconcile a bank statement; follow-up on outstanding checks, including voiding and/or reissuing checks; use online and electronic banking procedures, credit cards and/or debit cards; manage multiple bank accounts and transactions; demonstrate knowledge of a merchandise inventory account; analyze effects on accounts by the purchase of merchandise; calculate the cost of merchandise sold; prepare adjusting entries based on physical inventory; calculate for obsolete or a shrinkage of inventory; prepare 8 or 10 column worksheets; prepare the needed financial statements from a completed worksheet; verify financial statements against worksheets for accuracy; record and post adjusting and closing entries; locate and correct accounting errors; prepare post-closing trial balance from general ledger; identify and locate appropriate business forms used in bookkeeping and/or accounting; apply procedures for using electronic data for various bookkeeping and/or accounting purposes; use a calculator, adding machine, and computer; generate and interpret charts, graphs, and spreadsheets; exhibit familiarity with the internal controls for sensitive source documents; identify internal controls for e-commerce and internal controls for the protection of company assets; exhibit familiarity with confidentiality and ethics; use terminology relating to accounting; identify careers in accounting; and exhibit understanding of regulatory bodies. Performance Component: Identification of Account Balances (7%), Journal Entries (32%), Posting Verification (12%), Banking (9%), Payroll (15%), Complete Worksheet (9%), and Financial Statements (16%).

Instruction: 

NOCTI and NBS exams assess individuals' end-of-program knowledge and skills in an online proctored proficiency examination format. In addition, some programs administer a NOCTI/NBS performance component test to assess application of skills.

Credit recommendation: 

In the lower division baccalaureate/associate degree category, 3 semester hours in Accounting (5/12) (5/17 revalidation). NOTE: Content is duplicative of Accounting - Advanced (4900). NOTE: An additional 1-2 credits may be awarded based on successful completion of the Performance Component when given in conjunction with the written proficiency examination.

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