Standard
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Emphasizes operation of computerized accounting
systems from manual input forms. Topics include: equipment use, general ledger, accounts
receivable and payable, payroll, cash management, and financial reports. Laboratory work includes theoretical and
technical application.
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Competency Areas: |
Hours: |
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Equipment Use |
Class |
1 |
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General Ledger |
D. Lab |
4 |
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Accounts Receivable and
Payable |
P. Lab/O.B.I. |
0 |
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Payroll |
Credit |
3 |
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Cash Management |
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Financial Reports |
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Prerequisite/Corequisite: ACC 102;
SCT 100 |
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Course Guide
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Competency |
After
completing this section, the student will: |
Hours |
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Class |
D.
Lab
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P. Lab/
O.B.I. |
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EQUIPMENT USE
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1 |
2
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0 |
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File Management
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Explain the procedures
for copying and moving computer files.
Also explain the procedures for creating folders and organizing the
computer files.
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Backup Procedures
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Explain the procedures
and importance for backing up computer files and restoring files.
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GENERAL LEDGER
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2 |
8
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0 |
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General ledger setup and
operational procedures |
Explain the operational
procedure for account classifications. |
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Explain procedure for
entering the opening balances for existing accounts. |
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Explain the purpose of an
opening balance report. |
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Explain the purpose of
correct opening balances. |
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Explain the procedure for
making adjusting entries including depreciation. |
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Explain the procedure for
adding, changing, and deleting accounts. |
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General ledger accounting
cycle |
Explain the procedure for
making corrections. |
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Identify and explain the
purpose of each of the following reports:
trial balance, general ledger report, income statement, balance sheet,
and general journal. |
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Explain the result of
year-end closing procedures. |
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Explain the purpose of a
post-closing trial balance. |
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ACCOUNTS RECEIVABLE AND PAYABLE
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2 |
8
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0 |
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Accounts receivable setup
and operational procedures |
Identify and explain
computerized accounts receivable. |
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Explain the procedures for
entering customer information. |
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Explain the procedures for
entering customer’s opening balances. |
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Explain the purpose of a
printed customer list. |
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Explain the need for
updating the customer file. |
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Explain the procedure for
creating and editing an invoice or cash receipt. |
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Explain the procedure for
recording receipt of cash from customers. |
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Explain the procedure for
preparing statements for customers. |
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Identify and explain the
purpose of various accounts receivable reports. |
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Accounts payable setup and
operational procedures |
Identify and explain
computerized accounts payable. |
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Explain the procedures for
entering vendor/creditor information. |
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Explain the procedures for
entering vendor’s/creditor’s opening balances. |
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Explain the purpose of a
printed vendor/creditor list. |
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Explain the need for
updating the vendor/creditor file. |
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Explain the procedure for
creating and editing a purchase order. |
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Explain the procedure for
recording payments of cash to vendors/creditors. |
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Explain the procedure for
creating and editing checks for vendors/creditors. |
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Identify and explain the
purpose of various accounts payable reports. |
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PAYROLL
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2 |
8
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0 |
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Payroll setup and
operational procedures |
Explain the primary
function of a computerized payroll system. |
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Identify and explain the
tasks that must be performed in order to set up a payroll system: build the employee list, set up taxes and
deductions for each employee, and enter quarterly and yearly balances. |
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Explain the importance of
the employee list report. |
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Explain the need for
updating employee list; demonstrate the procedure of adding, changing, and
deleting employees. |
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Explain the purpose of the
payroll transactions and demonstrate the procedure for entering the payroll
transactions from the payroll records. |
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Identify and explain the
purpose of each of the following reports:
payroll register, payroll checks, quarterly report, employee earnings
record, and annual W-2 statement. |
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Explain the various
monthly, quarterly, and annual reports required. |
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Explain creating and
editing payroll checks. |
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Explain the necessary
year-end payroll procedures. |
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CASH MANAGEMENT
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1 |
7
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0 |
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Petty Cash
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Explain the procedures
for creating, maintaining, and replenishing the petty cash account.
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Cash
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Explain the procedures
for deposits, maintenance, and disbursements involving the cash account.
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Bank Reconciliation
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Explain the procedure
for reconciling a bank statement to any cash account.
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Explain the procedure
for making adjustments to the cash account because of the reconciliation.
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FINANCIAL REPORTS
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2 |
7
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0 |
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Financial statements
analysis and operational procedures |
Identify and explain the
purpose of required, as well as beneficial financial statements and reports. |
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Identify and explain
various methods of presenting the data through reports (i.e., horizontal
analysis, vertical analysis, and comparative periods). |
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Suggested Resources
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Computer Accounting with
Peachtree Complete for Microsoft Windows.
Release 8.0, Peters, Judith, Robert Peters, and Carol
Yacht. (2001)