ACCOUNTING SYSTEMS APPLICATIONS ACCT Credit Hours

Transcription

1 ACCOUNTING SYSTEMS APPLICATIONS ACCT Credit Hours COURSE INFORMATION Course Description: This course is designed to prepare the student to set up an accounting system using commercial software on a microcomputer. It introduces the recording of transactions, adjustments, and other accounting data to produce a set of financial statements. Student Learning Outcomes: 1. Describe how computer technology can be used to automate an accounting system. 2. Describe the major components of the accounting software. 3. Describe the software operational rules. 4. Describe the process for backing up and restoring the data files. 5. Become familiar with the software by experimenting with a sample company. 6. Learn to work with vendor transactions. 7. Enter a purchase order. 8. Apply receipt of inventory to existing purchase order. 9. Enter and post a vendor invoice in the Purchases\Receive Inventory window. 10. Go to the Payments window to pay a vendor. 11. Print a check in payment of the vendor invoice. 12. Add a Terms column to the Vendor Ledgers report. 13. Analyze payments and vendor credit memos. 14. Learn to work with customer transactions. 15. Go to the Customers & Sales Navigation Center to enter quotes and sales orders. 16. Enter a sales order. 17. Ship items from a sales order. 18. Enter customer terms. 19. Record a sales invoice on the Sales/Invoicing window. 20. Print a sales invoice. 21. Analyze receipts and customer credit memos. 22. Post a receipt for previously invoiced amounts. 23. Learn to record employee-related transactions. 24. Enter and store information using the Maintain Employees/Sales Rep window. 25. Set up default information for payroll. 26. Store constant information about payroll payment methods. 27. Transfer funds from the regular checking account to the payroll checking account. 28. Enter paychecks in the Payroll Entry window. 29. Print employee paychecks. 30. Become familiar with Sage 50's general ledger module.

2 31. Learn to work with inventory items 32. Enter a new account in the Chart of Accounts. 33. Look at Sage 50 s budget feature. 34. Record and post a General Journal entry to transfer funds. 35. Display the General Ledger Trial Balance. 36. Set up an Inventory Item. 37. Record an inventory adjustment. 38. Learn to work with job costing. 39. Set up a job. 40. Coordinate job costs with purchases, sales, and payroll. 41. Explore Sage 50 s Help feature. 42. Print the financial statements. 43. Use drill down to go from the income statement to the general ledger, then to the original entry window. 44. Explore Sage 50 s time and billing feature. 45. Use the time and billing feature to complete a time ticket, sales invoice, and payroll entry. 46. Learn to maintain accounting records for service businesses. 47. Set up a new company. 48. Edit the chart of accounts. 49. Enter beginning balances. 50. Record entries in the cash receipts and cash disbursements journals. 51. Learn to edit and correct journal entries. 52. Complete account reconciliation. 53. Display the Account Register. 54. Display the Cash Receipts Journal, Cash Disbursements Journal, and General Journal. 55. Display the general ledger trial balance. 56. Complete quarterly activities and close the fiscal year. 57. Change accounting periods. 58. Record and post deposits, checks, and ATM transactions for November and December. 59. Complete account reconciliation. 60. Print a General Ledger Trial Balance (unadjusted). 61. Journalize and post end-of-quarter adjusting entries in the General Journal. 62. Print the Adjusted Trial Balance and financial statements. 63. Close the fiscal year. 64. Print a Post-closing Trial Balance. 65. Learn to enter vendor information. 66. Record accounts payable transactions. 67. Purchase inventory items. 68. Prepare vendor credit memos. 69. Set up company information for a merchandising business. 70. Enter the following general ledger information: chart of accounts and beginning balances. 71. Enter the following accounts payable information: vendor defaults and vendor records. 72. Enter the following inventory information: inventory defaults, inventory items, and inventory beginning balances. 73. Setup customer default information. 74. Setup sales tax information.

3 75. Setup customer maintenance information. 76. Record credit sales, cash sales, and sales returns. 77. Record customer receipts, partial payments, and edit invoices. 78. Enter inventory maintenance and default information. 79. Enter inventory item information. 80. Enter item codes when recording purchases & sales. 81. Enter inventory adjustments. 82. Use the payroll wizard. 83. Enter employee & employer default information. 84. Journalize and post payroll journal entries. 85. Print paychecks. 86. Reconcile regular checking and payroll checking accounts. 87. Print financial statements. 88. Define Sage 50 forms. 89. Learn to customize forms using the data, text, command, group, picture, and line objects. 90. Print a practice form. 91. Use design tools. 92. Use the Financial Statement Wizard. 93. Export information from Sage 50 to a word processing program. 94. Select the customer list from Bellwether Garden Supply to export. 95. Import Bellwether Garden Supply's chart of accounts into a new company. 96. Copy Sage 50 report data to Microsoft Word. 97. Use the write letters feature. 98. Edit and save letter templates. Prerequisites and/or Co-requisites: In order to understand the fundamentals of accounting that are used in the software package, as well as to be able to navigate through the software package, students must first complete ACCT 1010 and INFS Course Outline/Topics: Week Content to be Covered Assignments I. II. III. Introduction/Tutorial Overview of Accounting Procedures; Overview of Windows and sample company Continue overview of sample company; Work with vendor transactions Continue sample company review of customers, employees, general ledger, and inventory Complete Quiz 1 Chapters 1 & 2 Homework, Quiz 2 Chapters 3, 4 & 5 Homework, Quiz 3

4 IV. V. VI. Continue sample company review of job cost, financial statements, and time & billing Set up a new service based business and record cash transactions for it Complete end-of-period activities and close the fiscal year Chapters 6, 7, & 8 Homework, Quiz 4 Chapter 9 Homework, Quiz 5 Chapter 10 & 11 Homework, Quiz 6 VII. Project 1; Exam I VIII. IX. Accounts Payable Accounts Receivable Chapter 12 Homework, Quiz 7 Chapter 13 Homework, Quiz 8 X. Merchandise Inventory; Payroll Chapters 14 & 15 Homework, Quiz 9 XI. Project 2 XII. Customizing Forms; Import/Export; Using - with Excel and Word Chapters 16, 17, & 18 Homework, Quiz 10 XIII. Project 3 XIV XV. Project 4 Final exam Special Course Requirements: Students must have basic keyboarding and computer skills. TEXTBOOKS, SUPPLEMENTARY MATERIALS, HARDWARE/SOFTWARE REQUIREMENTS Required Textbook(s):

5 Computer Accounting with Sage 50 Complete Accounting 2015, 18 th edition by Carol Yacht, published by McGraw-Hill Irwin. This book can be purchased from MSCC online bookstore. A link is provided at the college's homepage. Supplementary Materials: A USB drive is recommended to allow students the flexibility of working on more than one computer. Hardware/Software Requirements: The textbook comes with an educational version of Sage 50 Complete that will be sufficient for the course. Additionally, Adobe Reader and Internet Explorer are required. Students must submit homework in either Microsoft Excel or Adobe format. Students who do not have Excel and do not wish to purchase it can download a compatible version of Open Office which permits saving in Excel format. In an online class, a reliable internet connection is a necessity. Students must use a current a web browser that is compatible with D2L. To ensure that full compatibility, students should complete the systems check found on the Desire2Learn login screen. INSTRUCTOR INFORMATION Please see the course homepage for instructor contact information. ASSESSMENT AND GRADING Grade Determination: Homework 10% Quizzes 10% Midterm exam 25% Final exam 25% Projects 30% 100% ASSIGNMENTS AND PROJECTS Homework is due weekly over the material covered that week. Throughout the course you will also complete several cumulative projects that test the skills learned to that point. The projects will be graded for accuracy. You must work without any assistance from other students. Due dates for all assignments will typically be on Tuesdays at 9:00 a.m. unless otherwise specified. For a specific schedule, see Course Outline/Topics above.

6 PARTICIPATION Regular participation is a must for success in this class; students need to be logging in regularly, completing assignments, and asking questions in order to master the skills presented in this course. As in any online course, the bulk of the communication for this class will be written. We will communicate with each other through and the discussion board. If you wish to speak directly to the instructor, you may phone the number provided on the homepage and leave a message or the instructor with a request to call you and she will respond as soon as possible. The course will observe regularly scheduled breaks and holidays; no assignments will be due on those days, and the instructor will not necessarily be available to you. We will not alter our schedule for inclement weather day. PUNCTUALITY Students are solely responsible for watching the Calendar and submitting assignments and taking quizzes in a timely manner. The due dates for all assignments are included in the course outline on the homepage. The common due date is Tuesdays at 9:00 a.m. Assignments that are late for any reason will be penalized 20% per calendar day that it is late. You are expected to manage your time wisely and be prepared for contingencies. Technical difficulties on your end do not excuse you from having to turn work in on time. COURSE GROUND RULES Student integrity: You are required to do your own work at all times. You are permitted to post discussion questions asking for help on practice assignments and homework, but the final work must be your own. You may not discuss quizzes, projects, or exams with other students prior to the deadline for these assignments. Any breach of these rules constitutes cheating, and cheaters will receive an F for the course. GUIDELINES FOR COMMUNICATIONS Always include a subject line. If you are enrolled in more than one online class with the same instructor, please specify which course you are talking about when you submit an to the instructor. D2L

7 combines all from all courses, and your instructor will not know which course you are referring to unless you tell her. If you are responding to a previous , always use the Quote feature which copies the previous into the body of the message. Your instructor communicates with many, many students throughout the course of the semester, and will not necessarily remember what you are talking about without the prior context. Remember, without facial expressions some comments may be taken the wrong way. Please be considerate of others' feelings and be careful in wording your s. Also, please be aware that the instructor grades a tremendous amount of homework for this class. (Consider the amount of work you do, then multiply that by the number of students in this class.) Out of necessity, comments on homework are brief and to the point. I certainly don t mean to seem rude; I am trying to be helpful while being as concise as possible. Use standard fonts. Do not send extremely large attachments without prior permission. Use standard formatting unless necessary to complete an assignment or special communication. Respect the privacy of other class members. Discussion Groups: Review the discussion threads thoroughly before entering the discussion. Try to maintain threads by using the "Reply" button rather than starting a new topic. Do not make insulting or inflammatory statements to other members of the discussion group. Be respectful of other ideas. Be patient and read the comments of other group members thoroughly before responding. Be cooperative with group leaders in completing assigned tasks. Be positive and constructive in group discussions. Respond in a thoughtful and timely manner. LIBRARY The Crouch Library at Motlow College is available to all students enrolled at the college. Links to library materials, e.g., electronic journals, databases, interlibrary loans, digital reserves, dictionaries, encyclopedias, maps, and library support services, are available at STUDENTS WITH DISABILITIES If you have a documented disability, you can arrange for accommodations by contacting the Office of Disability Services at or by at shood@mscc.edu. Students needing academic accommodations are required to register with Disability Services and provide

8 required disability related documentation. Although you may request an accommodation at any time, we recommend that you do so at the beginning of the semester. The Office of Disability Services is strongly committed to the needs of student with disabilities. SYLLABUS CHANGES The instructor reserves the right to make changes as necessary to this syllabus. If changes are required during the term, the instructor will immediately notify students of such changes both by individual communications and by posting both the notification and the nature of the change(s) on the course bulletin board. TECHNICAL SUPPORT If you are having problems logging into your course, timing out of your course, using your course web site tools, or other technical problems, please contact the MSCC Technology Help Desk at (toll free), Ext. #1510. Additionally, you may go to the Help Desk website at: