ACC1130 ACCOUNTING WITH QUICKBOOKS
3 Credit Hours
Student Level:
This course is open to students on the college level in either the freshman or sophomore year.
Catalog Description:
ACC1130 - Accounting with Quickbooks (3 hrs.)
The student will transact and complete accounting procedures for a sole proprietorship, partnership, and corporation using computerized accounting software. Students will review software features for various types of businesses.
Course Classification:
Lecture
Prerequisites:
Minimum grade of C in ACC1111 Fundamentals of Accounting or equivalent work experience.
Controlling Purpose:
This course is designed to provide students with an understanding of small business accounting using QuickBooks software. Topics include creating a chart of accounts, recording customer and vendor transactions, processing payroll, and printing reports. In addition, setting up a new company is covered as well as advanced topics such as exporting to Excel software and using the QuickBooks audit trail.
Learner Outcomes:
Accounting with QuickBooks provides students with an understanding of the application of the accounting principles designed to handle general ledger, accounts payable, accounts receivable, financial statement analysis, fixed assets, purchase order processing, sales order processing, budgeting, inventory, and payroll. Students will perform exercises involving general journal, special journals, general ledger, and subsidiary ledgers for service and merchandising business. Computerized accounting activities will also be maintained for businesses organized as sole proprietorships, partnerships, and corporations.
Unit Outcomes for Criterion Based Evaluation:
The following defines the minimum core content, not including the final examination period. Instructors may add other content as time allows.
UNIT 1: Quick Tour of QuickBooks
Outcomes: Upon completion of the unit, the students will be able to effectively use, start, and perform basic tasks associated with the QuickBooks software.
- Install and Start QuickBooks
- Open Company
- Change Company Name
- QuickBooks Navigation
- QuickBooks Menus
- Save and Backup Company Files
- Close Company and Exit QuickBooks
UNIT 2: Customize QuickBooks and the Chart of Accounts
Outcomes: Upon completion of the unit, the students will understand how to customize QuickBooks and the Chart of Accounts to meet specific business needs. Other topics include customizing QuickBooks security.
- Customize QuickBooks
- Display Chart of Accounts
- Add New Accounts
- Delete Accounts
- Edit Accounts
- Print Chart of Accounts
UNIT 3: Banking
Outcomes: Upon completion of the unit, the students will understand the checking account and check register for a small business. Topics will include making deposits, writing checks, and reconciling a bank statement.
- View and Print Check Register
- Make Deposits
- Write Checks
- Print Journal
- Reconcile Bank Statements
- Use the Online Banking Feature
- Enter Credit Card Changes
UNIT 4: Customers and Sales
Outcomes: Upon completion of the unit, the students will be able to demonstrate how to record customer transactions. Topics include how to create invoices, record sales, record customer payments, and print customer reports.
- View Customer List
- Add New Customer
- Edit Customer Information
- Add a Job
- Record Cash and Credit Sales
- Use Online Billing
- Record Bank Deposits
- Print Journal Entries
- Create and Print Customer Reports
UNIT 5: Vendors, Purchases, and Inventory
Outcomes: Upon completion of the unit, the students will be able to record vendor transactions, including creating purchase orders, paying bills, and printing vendor reports.
- Add New Vendor
- Print Vendor List
- Manage Items and Services List
- Add New Item
- Print Item List
- Create Purchase Orders
- Receive Inventory and Bills
- Enter Bills Against Inventory
- Enter and Pay Bills
- Receive inventory with Bill
- Pay Sales Tax
- Create and Print Vendor Reports
UNIT 6: Employees and Payroll
Outcomes: Upon completion of the unit, the students will be able to successfully calculate tracked time, bill tracked time, and process payroll using QuickBooks payroll services.
- How to setup Payroll
- Customize QuickBooks Payroll
- Manage Employee List
- Track Time and Transfer to Sales Invoices
- Use QuickBooks Payroll Services
- Create and Print Paychecks
- Pay Payroll Liabilities
- File Payroll Tax Forms
- Create and Print Payroll Reports and Forms
UNIT 7: Reports and Graphs
Outcomes: Upon completion of the unit, the students will complete the accounting cycle by creating a trial balance and entering adjusting entries. In addition, they will learn how to create a variety of reports and graphs using QuickBooks.
- Create and Print Trial Balance
- Enter Adjusting Entries
- Create and Print Adjusted Trial Balance
- Create, Print, and Export Financial Statements
- Create, Print, and Export Tax Reports
- Manage Reports
- Save Reports to Electronic Files
UNIT 8: New Company Setup
Outcomes: Upon completion of the unit, the students will be able to use the Easy Step Interview feature to set up a new company in QuickBooks. You also learn how to create customer, vendor, and item lists.
- Setup a New Company with the Easy Step Interview
- Add the People You Do Business With
- Add the Products and Services You Sell
- Add Your Bank Accounts
- Print Customer, Vendor, and Item Lists
- Enter Company Information
UNIT 9: Accounting for a Service Company
Outcomes: Upon completion of the unit, the students will record transactions for an entire year using a newly created company.
- Record Owner’s Investment
- Record Purchase Transactions
- Record memorized Transaction
- Record Sales Transaction
- Make Adjusting Entries
- Close the Accounting Period
UNIT 10: Merchandising Corporation: Sales, Purchases and Inventory
Outcomes: Upon completion of the unit, the students will learn how to setup a merchandising corporation with inventory. Students will record transactions for the first months of operations.
- Setup a New Merchandising Company
- Create a Customer List
- Create a Vendor List
- Create an Item List
- Create a Sales Tax Item
- Record Purchase Transaction
- Record Sales Transactions
- Make Adjusting Entries
UNIT 11: Merchandising Corporation: Payroll
Outcomes: Upon completion of the unit, the students will setup and record payroll using QuickBooks manual payroll approach.
- Use QuickBooks Payroll Services
- Process Payroll Manually
- Print Employee List
- Print Paychecks
- Print Payroll Journal Entries
- Pay Payroll Liabilities
- Print Payroll Reports
UNIT 12: Advanced QuickBooks Features for Accountants
Outcomes: Upon completion of the unit, the students will learn advanced features of QuickBooks software including budgets, estimates, progress billing, credit card sales, accounting for bad debts, memorized reports, the audit trail, and accountant’s copy.
- Prepare Budgets
- Create Estimates
- Process Billing
- Record Credit Card Sales
- Account for Bad Debt
- Create Memorized Reports
- Use the Audit Trail Feature
- Manage Documents
Projects Required:
As assigned
Textbook:
Contact Bookstore for current textbook.
Materials/Equipment Required:
Media storage device such as a flash drive, etc.
Attendance Policy:
Students should adhere to the attendance policy outlined by the instructor in the course syllabus.
Grading Policy:
The grading policy will be outlined by the instructor in the course syllabus.
Maximum class size:
Based on classroom occupancy
Course Time Frame:
The U.S. Department of Education, Higher Learning Commission and the Kansas Board of Regents define credit hour and have specific regulations that the college must follow when developing, teaching and assessing the educational aspects of the college. A credit hour is an amount of work represented in intended learning outcomes and verified by evidence of student achievement that is an institutionally-established equivalency that reasonably approximates not less than one hour of classroom or direct faculty instruction and a minimum of two hours of out-of-class student work for approximately fifteen weeks for one semester hour of credit or an equivalent amount of work over a different amount of time. The number of semester hours of credit allowed for each distance education or blended hybrid courses shall be assigned by the college based on the amount of time needed to achieve the same course outcomes in a purely face-to-face format.
Refer to the following policies:
402.00 Academic Code of Conduct
263.00 Student Appeal of Course Grades
403.00 Student Code of Conduct
Disability Services Program:
Cowley College, in recognition of state and federal laws, will accommodate a student with a documented disability. If a student has a disability, which may impact work in this class which requires accommodations, contact the Disability Services Coordinator.
DISCLAIMER: THIS INFORMATION IS SUBJECT TO CHANGE. FOR THE OFFICIAL COURSE PROCEDURE CONTACT ACADEMIC AFFAIRS.
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