Examination should include

accounting processes
financial decision-making processes, including budget development
methods of acquiring capital
management of financial operations, including payroll, transactions, records, and reports.

Process/Skill Questions:

What resources are available to assist you with the various financial functions?
What are possible consequences of not having in place checks and balances for the full range of a business’s finances?

Suggested Learning Activities:

Objective: Demonstrate use of payroll forms, deductions, and the method used to calculate gross pay and net pay.