What Knowledge and Skills Are Required in Order to Become

question 19

Multiple Choice

What knowledge and skills are required in order to become a competent case manager? (Select all that apply.)

• A) Knowledge of community resources and financing mechanisms
• B) Written and oral communication skills
• C) Proficient negotiation and conflict-resolving practices
• D) Application of evidence-based practices and outcomes measurements
• E) Experience with ethical decision making

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Definitions:

Post-Closing Trial Balance

A post-closing trial balance is a list of all accounts and their balances after closing entries are made, ensuring the accounts are in balance before the next accounting period begins.

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts, effectively resetting the temporary accounts for the next period.

Accounting Cycle

The collective process of recording and processing all financial transactions of a company, from when the transaction occurs, to its representation in the financial statements.

Beginning Assets

Beginning assets refer to the value of all assets owned by a company at the start of an accounting period, encompassing resources like cash, inventory, and property.