ACCT1225

This course is an introduction to computerized accounting software (QuickBooks Online) applications used in maintaining accounting records, generating management reports, and processing common business transactions with primary emphasis on the general ledger package. Students will further develop skills in maintaining accounting records and have exposure to the accounts receivable, accounts payable, banking, payroll, and inventory modules. A student will be able to maintain an organization?s complete accounting system in QuickBooks.

STUDENT LEARNING OUTCOMES:

• Apply Generally Accepted Accounting Principles to business transactions to create and edit purchases, sales, cash disbursements, cash receipts and general journal transactions in a computerized environment.
• Create subsidiary and general ledger accounts, chart of accounts, and inventory items.
• Record payroll related transactions.
• Create accurate paychecks for hourly and salaried employees.
• Produce financial statements and business reports for management use.
• Utilize slips and software to record business related banking situations.
• Reconcile banking transactions.
• Analyze computerized accounting records for errors.
• Set up a new company for a service or merchandising business in a computerized environment.
• Complete the company?s accounting cycle.