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Standard |
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R State
Standard £
Developed College: n/a |
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ACC 159 – Accounting Simulation Course
Description:
Develops skills for
the potential accountant to effectively prepare financial statements for
presentations and income tax returns.
Emphasis is placed on providing students with opportunities for
application and demonstration of skills associated with automated
accounting. Topics include: financial
statement preparation, accounting system installation, automated accounting
work sheet preparation, automated accounting income tax return preparation,
and job search planning. |
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Competency Areas: |
Hours: |
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Financial Statement Preparation |
Class |
1 |
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Accounting
System Installation |
D.
Lab |
9 |
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Automated
Accounting Worksheet Preparation |
P.
Lab/O.B.I. |
0 |
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Automated
Accounting Income Tax Return Preparation |
Credit |
5 |
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Prerequisite: ACC 106, ACC 103,
ACC 104 Corequisite: |
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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 |
P. Lab/ |
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O.B.I. |
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FINANCIAL STATEMENT PREPARATION |
2 |
20 |
0 |
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Letters |
Prepare opinion letter for presentation. |
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Balance Sheet |
Prepare a balance sheet for presentation. |
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Statements |
Prepare
income and capital statements for presentation. |
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Formatting |
Format all prepared letters, balance sheets, and statements for
presentation. |
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Prepare acknowledgement, table of contents, index and applicable
appendices for presentation |
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Binding |
Bind an accounting product for presentation. |
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ACCOUNTING SYSTEM INSTALLATION |
2 |
15 |
0 |
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Capacity |
Verify system hardware is capable of holding accounting software
program. |
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Features |
Prepare an outline of the software program features which must
be installed to support requirements. |
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Install software |
Install software and activate features required to support
accounting work tasks. |
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Backup procedures |
Understand and use backup procedures. |
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AUTOMATED ACCOUNTING WORKSHEET PRESENTATION |
4 |
40 |
0 |
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Accounts charting |
Using a computer-based accounting program, establish a chart of
accounts. |
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Opening balances |
Using a computer-based accounting program, enter date to
establish opening balances. |
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Monthly transactions |
Use a computer-based accounting program to code monthly reports. |
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End of month |
Use a computer-based accounting program to generate end of month
reports. |
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Period-end worksheets and time reports |
Prepare period-end worksheets and time reports using accounting
computer-based software package with “Import” and “Export” features. |
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AUTOMATED ACCOUNTING INCOME TAX RETURN PREPARATION |
2 |
15 |
0 |
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Current year |
Use a computer-based income tax program to prepare a tax return
for the current year. |
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Estimated |
Use a computer-based income tax program to prepare an estimated
tax return for next year. |
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Suggdsted Resources |
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Media |
Note: Please adhere to the APA Formatting and
Style Guidelines. Duncan, G.J., & Brooks-Gunn, J.
(Eds.). (1997). Consequences of growing
up poor. New York: Russell Sage Foundation. |
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Print |
Horne,
J. (2008). Quickbooks Pro 2006 with
update 2007 and CD package. Upper Saddle River, NJ: Pearson/Prentice
Hall. |
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Yacht, C. (2008). Computer Accounting with Peachtree Complete 2007. New York, NY:
McGraw-Hill/Irwin. |
Posted: 08/26/08