ACCT 2150 - Computer Accounting With QuickBooks

Credit Hours: 4.00

Prerequisites: ACCT 1080 and ACCT 1090

Corequisites: None

This is an introductory course in the application of basic accounting knowledge and theory in QuickBooks Pro software. Topics include creating a chart of accounts, recording customer and vendor transactions, processing payroll, and creating reports. In addition, students will learn how to set up a new company. This course builds upon knowledge of basic accounting principles. Upon successful completion of the course, students will have the requisite knowledge to pass the QuickBooks exam and become certified as a QuickBooks Certified User (QBCU).

Billable Contact Hours: 4

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OUTCOMES AND OBJECTIVES
Outcome #1: Upon completion of this course, students will be able to summarize why accounting software applications are powerful tools used in performing the accounting function.

Objectives: Upon completion of this course, students will be able to:

1. Explain the basic hardware components needed for a microcomputer accounting system.
2.Differentiate between a manual accounting information system and a computerized accounting information system.

Outcome #2: Upon completion of this course, students will be able to explain how accounting applications are used in performing the accounting function.

Objectives: Upon completion of this course, students will be able to:

1. Enter given accounting transaction data properly according to specific accounting software application instructions.
2. Perform file management tasks including file backup and restore.
3. Navigate QuickBooks Desktop using QuickBooks exploration tools.

Outcome #3: Upon completion of this course, students will be able to perform accounting functions for existing companies in QuickBooks

Objectives: Upon completion of this course, students will be able to:

Organize an existing chart of accounts.
Evaluate and record banking activities.
Perform customer sales transactions.
Document vendor and purchases transactions.
Demonstrate methods of accounting for inventories.
Record payroll activities.
Demonstrate the preparation of financial statements.

Outcome #4: Upon completion of this course, students will be able to perform accounting functions for a new company in QuickBooks.

Objectives: Upon completion of this course, students will be able to:

Formulate a chart of accounts.
Evaluate banking activities.
Perform customer sales transactions.
Perform vendor and purchases transactions.
Demonstrate methods of accounting for inventories.
Record payroll activities.
Demonstrate the preparation of financial statements.

COMMON DEGREE OUTCOMES (CDO)
• Communication: The graduate can communicate effectively for the intended purpose and audience.
• Critical Thinking: The graduate can make informed decisions after analyzing information or evidence related to the issue.
• Global Literacy: The graduate can analyze human behavior or experiences through cultural, social, political, or economic perspectives.
• Information Literacy: The graduate can responsibly use information gathered from a variety of formats in order to complete a task.
• Quantitative Reasoning: The graduate can apply quantitative methods or evidence to solve problems or make judgments.
• Scientific Literacy: The graduate can produce or interpret scientific information presented in a variety of formats.

CDO marked YES apply to this course:
Communication: YES
Critical Thinking: YES
Information Literacy: YES
Quantitative Reasoning: YES
COURSE CONTENT OUTLINE
I. QuickBooks Quick Tour: Navigation and Settings

a. Provide a tour of QuickBooks desktop using QuickBooks navigation tools

b. Demonstrate how to restore starter files and how to create backup files

II. QuickBooks Chart of Accounts

a. Customize QuickBooks chart of account to meet specific business needs

III. QuickBooks Transactions

a. Identify the various types of transactions entered into QuickBooks, including banking, customer, vendor, and employee transactions

IV. Banking

a. Demonstrate how to record deposits, writing checks, matching bank transactions, and reconcile bank statements

V. Customers and Sales

a. Demonstrate how to record customer transactions

b. Create invoices and record customer payments

VI. Vendors and Expenses

a. Record vendor transactions, such as recording operating expenses

VII. Inventory

a. Record accounting transactions related to inventory

b. Create purchase orders for the purchase of inventory, receiving inventory items, and entering/paying bills for inventory

VIII. Employees and Payroll

a. Monitor time tracking

b. Process payroll using QuickBooks payroll service

IX. QuickBooks Adjustments

a. Create a trial balance

b. Enter adjusting journal entries

X. QuickBooks Reports

a. Complete the accounting cycle

b. Examine QuickBooks reports, such as memorized reports

XI. QuickBooks Service Companies

a. Demonstrate how to set up a new company in QuickBooks

b. Create customer, vendor, and item lists

c. Enter transactions for a service company

Primary Faculty
Chirco, John
Secondary Faculty

Associate Dean
Johnson, Elise
Dean
Balsamo, Michael

Official Course Syllabus - Macomb Community College, 14500 E 12 Mile Road, Warren, MI 48088