Computerized Accounting with QuickBooks (PDF)

Document Sample
Computerized Accounting with QuickBooks (PDF) Powered By Docstoc
					                          EASTERN ARIZONA COLLEGE
                      Computerized Accounting with QuickBooks
                                                Course Design
                                                  2010-2011

Course Information
Division                                  Business
Course Number                             BUS 205
Title                                     Computerized Accounting with QuickBooks
Credits                                   1
Developed by                              Mike Fox
Lecture/Lab Ratio                         0 Lecture/2 Lab
Transfer Status                                    ASU                 NAU                     UA

                                          Elective Credit       Elective Credit       Elective Credit

Activity Course                           Yes
CIP Code                                  52.0100
Assessment Mode                           Pre/Post Test (15 Questions/60 Points)
Semester Taught                           Fall and Spring
GE Category                               None
Separate Lab                              No
Awareness Course                          No
Intensive Writing Course                  No

Prerequisites
BUS 101 or BUA 230 or BUA 250 or CMP 101 or CMP 103 or instructor approval

Educational Value
A: TO GENERAL EDUCATION: Provides the student an opportunity to utilize and develop skills on a
computerized software system that can be applicable to other computerized systems. Also teaches the
concepts of modern data processing from an up-to-date business/accounting environment.

B. TO MAJOR/PROGRAM: This is a required course for several vocational majors and certificates and
is also provided as an excellent option, though not required, for business administration majors.

C. OTHER: The principles learned in this course apply to the management of one's own personal
financial affairs.

Description
Designed to assist students and small business owners in performing accounting tasks by using a
computer software package designed specifically for accounting purposes. Students will develop skills to
operate a computer to implement the following functions: recording transactions, generating financial and
management reports, setting up and maintaining a system, and developing business budgets. The
course utilizes the QuickBooks accounting software.


EASTERN ARIZONA COLLEGE                              -1-                 Computerized Accounting with QuickBooks
Equal Opportunity Employer and Educator
Supplies
None


Competencies and Performance Standards
1.     Complete an interactive tour of QuickBooks
       Learning objectives
       What you will learn as you master the competency:
       a.       Make QuickBooks student disk.
       b.       Start and exit QuickBooks in the Windows operating system.
       c.       Identify the major components of the QuickBooks window and the major menu
                commands.
       d.       Start and close a QuickBooks file.
       e.       Correct mistakes and use the Undo and Revert commands.
       f.       Use software Help.
       g.       Print a basic set of financial statements.
       Performance Standards
       Competence will be demonstrated:
       o        on satisfactory completion of end-of-chapter questions.
       o        on satisfactory completion of chapter assignments and cases
       Criteria-Performance will be satisfactory when:
       o        learner makes QuickBooks student disk.
       o        learner starts and exits QuickBooks in the Windows operating system.
       o        learner identifies the major components of the QuickBooks window and the major menu
                commands.
       o        learner starts and closes a QuickBooks file.
       o        learner corrects mistakes and uses the Undo and Revert commands.
       o        learner uses software Help.
       o        learner prints a basic set of financial statements.


2.     Prepare a balance sheet using QuickBooks.
       Learning objectives
       What you will learn as you master the competency:
       a.       Create a comparative balance sheet and a summary balance sheet.
       b.       Investigate detail supporting balance sheet items.
       c.       Use the Balance Sheet Report button bar.
       d.       Create a balance sheet as of a specific date other than the system date.
       e.       Print a balance sheet.
       Performance Standards
       Competence will be demonstrated:
       o        on satisfactory completion of end-of-chapter questions.
       o        on satisfactory completion of chapter assignments and cases.




EASTERN ARIZONA COLLEGE                               -2-                 Computerized Accounting with QuickBooks
Equal Opportunity Employer and Educator
       Criteria-Performance will be satisfactory when:
       o        learner creates a comparative balance sheet and a summary balance sheet.
       o        learner investigates detail supporting balance sheet items.
       o        learner uses the Balance Sheet Report button bar.
       o        learner creates a balance sheet as of a specific date other than the system date.
       o        learner prints a balance sheet.


3.     Prepare an income statement using QuickBooks.
       Learning objectives
       What you will learn as you master the competency:
       a.       Create income statements for different time periods.
       b.       Create an income statement with year-to-date comparative information.
       c.       Investigate the detail underlying income statement items.
       d.       Use the Income Statement Report button bars.
       e.       Print an income statement.
       Performance Standards
       Competence will be demonstrated:
       o        on satisfactory completion of end-of-chapter questions.
       o        on satisfactory completion of chapter assignments and cases.
       Criteria-Performance will be satisfactory when:
       o        learner creates income statements for different time periods.
       o        learner creates an income statement with year-to-date comparative information.
       o        learner investigates the detail underlying income statement items.
       o        learner uses the Income Statement Report button bars.
       o        learner prints an income statement.


4.     Create supporting reports to help make business decisions.
       Learning objectives
       What you will learn as you master the competency:
       a.       Create, print, and analyze an Accounts Receivable Aging report.
       b.       Create and print a Customer Account Balance Summary.
       c.       Create, print, and analyze an Inventory Valuation Summary.
       d.       Create, print, and analyze an Accounts Payable Aging report.
       e.       Create and print a Vendor Balance Summary.
       Performance Standards
       Competence will be demonstrated:
       o        on satisfactory completion of end-of-chapter questions.
       o        on satisfactory completion of chapter assignments and cases.
       Criteria-Performance will be satisfactory when:
       o        learner creates, prints, and analyzes an Accounts Receivable Aging report.
       o        learner creates and prints a Customer Account Balance Summary.



EASTERN ARIZONA COLLEGE                               -3-                 Computerized Accounting with QuickBooks
Equal Opportunity Employer and Educator
       o        learner creates, prints, and analyzes an Inventory Valuation Summary.
       o        learner creates, prints, and analyzes an Accounts Payable Aging report.
       o        learner creates and prints a Vendor Balance Summary.


5.     Prepare a trial balance and examine the general ledger.
       Learning objectives
       What you will learn as you master the competency:
       a.       Prepare a trial balance.
       b.       Examine a general ledger.
       c.       Examine a journal entry.
       d.       Prepare basic journal entries.
       Performance Standards
       Competence will be demonstrated:
       o        on satisfactory completion of end-of-chapter questions.
       o        on satisfactory completion of chapter assignments and cases.
       Criteria-Performance will be satisfactory when:
       o        learner prepares a trial balance.
       o        learner examines a general ledger.
       o        learner examines a journal entry.
       o        learner prepares basic journal entries.


6.     Set up a business accounting system.
       Learning objectives
       What you will learn as you master the competency:
       a.       Create a new company file.
       b.       Add new customers to the customer list.
       c.       Add new vendors to the vendor list.
       d.       Add new employees to the employee list.
       e.       Add new accounts to the chart of accounts.
       f.       Add new items to the item list.
       Performance Standards
       Competence will be demonstrated:
       o        on satisfactory completion of end-of-chapter questions.
       o        on satisfactory completion of chapter assignments and cases.
       Criteria-Performance will be satisfactory when:
       o        learner creates a new company file.
       o        learner adds new customers to the customer list.
       o        learner adds new vendors to the vendor list.
       o        learner adds new employees to the employee list.
       o        learner adds new accounts to the chart of accounts.
       o        learner adds new items to the item list.



EASTERN ARIZONA COLLEGE                               -4-                 Computerized Accounting with QuickBooks
Equal Opportunity Employer and Educator
7.     Complete cash-oriented business activities in the accounting system.
       Learning objectives
       What you will learn as you master the competency:
       a.       Record cash-oriented financing transactions.
       b.       Record cash-oriented investing transactions.
       c.       Record cash-oriented operating transactions.
       Performance Standards
       Competence will be demonstrated:
       o        on satisfactory completion of end-of-chapter questions.
       o        on satisfactory completion of chapter assignments and cases.
       Criteria-Performance will be satisfactory when:
       o        learner records cash-oriented financing transactions.
       o        learner records cash-oriented investing transactions.
       o        learner records cash-oriented operating transactions.


8.     Complete financing, investing, and operating activities in the accounting system.
       Learning objectives
       What you will learn as you master the competency:
       a.       Record transactions classified as financing activities.
       b.       Record transactions classified as investing activities.
       c.       Record transactions classified as operating activities.
       d.       Record non-cash transactions.
       Performance Standards
       Competence will be demonstrated:
       o        on satisfactory completion of end-of-chapter questions.
       o        on satisfactory completion of chapter assignments and cases.
       Criteria-Performance will be satisfactory when:
       o        learner records transactions classified as financing activities.
       o        learner records transactions classified as investing activities.
       o        learner records transactions classified as operating activities.
       o        learner records non-cash transactions.


9.     Perform adjusting entries.
       Learning objectives
       What you will learn as you master the competency:
       a.       Record accrued expenses.
       b.       Record accrued revenues.
       c.       Record expiration of assets.
       d.       Record earning of unearned revenues.
       e.       Prepare a bank reconciliation and record related adjustments.




EASTERN ARIZONA COLLEGE                               -5-                  Computerized Accounting with QuickBooks
Equal Opportunity Employer and Educator
       Performance Standards
       Competence will be demonstrated:
       o        on satisfactory completion of end-of-chapter questions.
       o        on satisfactory completion of chapter assignments and cases.
       Criteria-Performance will be satisfactory when:
       o        learner records accrued expenses.
       o        learner records accrued revenues.
       o        learner records expiration of assets.
       o        learner records earning of unearned revenues.
       o        learner prepares a bank reconciliation and record related adjustments.


10.    Create budgets on the accounting system.
       Learning objectives
       What you will learn as you master the competency:
       a.       Create budgets for revenue accounts.
       b.       Create budgets for expense accounts.
       c.       Create a budgeted income statement.
       d.       Create budgets for asset, liability, and owner's equity.
       e.       Create a budgeted balance sheet.
       Performance Standards
       Competence will be demonstrated:
       o        on satisfactory completion of end-of-chapter questions.
       o        on satisfactory completion of chapter assignments and cases.
       o        on satisfactory completion of chapter assignments and cases.
       Criteria-Performance will be satisfactory when:
       o        learner creates budgets for revenue accounts.
       o        learner creates budgets for expense accounts.
       o        learner creates a budgeted income statement.
       o        learner creates budgets for assets, liability and owner's equity accounts.
       o        learner creates a budgeted balance sheet.


11.    Create business analysis reports.
       Learning objectives
       What you will learn as you master the competency:
       a.       Create a budgeted vs. actual income statement.
       b.       Create a budgeted vs. actual balance sheet.
       c.       Create graphs to illustrate sales and expenses.
       d.       Create graphs to illustrate receivables and payables.
       e.       Print reports for sales, purchases, inventory, accounts receivable and accounts payable.




EASTERN ARIZONA COLLEGE                                 -6-                Computerized Accounting with QuickBooks
Equal Opportunity Employer and Educator
       Performance Standards
       Competence will be demonstrated:
       o        on satisfactory completion of end-of-chapter questions.
       o        on satisfactory completion of chapter assignments and cases.
       Criteria-Performance will be satisfactory when:
       o        learner creates a budgeted vs. actual income statement.
       o        learner creates a budgeted vs. actual balance sheet.
       o        learner creates graphs to illustrate sales and expenses.
       o        learner creates graphs to illustrate receivables and payables.
       o        learner prints reports for sales, purchases, inventory, accounts receivable, and accounts
                payable.


Types of Instruction
Classroom Presentation


Grading Information
Grading Rationale
Chapter questions (11 chapters @ 10 points each)-110 points, 22 %
Chapter assignments (11 chapters @ 10 points each)-110 points, 23%
Case problems-1(11 chapters @ 10 points each)-110-100 points, 22%
Case problems-2(11 chapters @ 10 points each)-110-100 points, 23%
Post-Test-60 points, 10%
Total-500 points, 100%


Grading Scale
A          90-100%
B          80-89%
C          70-79%
D          60-69%
F          Below 60%




EASTERN ARIZONA COLLEGE                              -7-                   Computerized Accounting with QuickBooks
Equal Opportunity Employer and Educator

				
DOCUMENT INFO
Shared By:
Tags:
Stats:
views:35
posted:11/18/2011
language:English
pages:7