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by: Cathy Harvey

AcctI BUS201

Cathy Harvey

GPA 3.76


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Class Notes
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This 0 page Class Notes was uploaded by Cathy Harvey on Sunday November 1, 2015. The Class Notes belongs to BUS201 at Lourdes University taught by Staff in Fall. Since its upload, it has received 27 views. For similar materials see /class/233390/bus201-lourdes-university in Business at Lourdes University.


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Date Created: 11/01/15
A II LOURDES C O L L E G E COURSE OUTLINE BUS 301 COMPUTERIZED ACCOUNTING March 1 2008 Department Business Credit Hours 3 Prerequisites BUS 201 and CMP 211 General Education NA College Learning Outcomes 2a 2b Critical Thinking Ability 9a 9b 9c 9d 9e Quantitative Competence Course Description Introduces Peachtree and QuickBooks commercial accounting software Applies basic accounting knowledge and theory to a computerized environment Includes sales invoicing purchases receivables and payables payroll nancial statements and end of period procedures for service and merchandising businesses Purpose of the Course To use of software in gathering analyzing and summarizing business data in order to prepare nancial reports used for decision making by owners managers investors and creditors College Learning Outcomes and Objectives 2a They can demonstrate an explicit understanding of principles of critical thought 2b They can demonstrate the ability to re ect on issues and or theories systematically 9a They can formulate speci c questions from vague problems select effective problem solving strategies and know which mathematical operations are appropriate in particular contexts 9b They can perform mental calculations and estimates with pro ciency and decide when an exact answer is needed and when an estimate is more appropriate 9c They can use a calculator correctly con dently and appropriately and or use computer software for mathematical tasks 9d They can use tables graphs spreadsheets and statistical techniques to organize interpret and present numerical mathematical tables 9e They can judge the validity of quantitative results presented by others Program Learning Outcomes NA Course Objectives Upon completion of this course students should be able to 1 Apply the basic concepts of accounting to a business organized as a sole proprietorship partnership or corporation CLO 2a 2b 9a 9e 2 Use the double entry method to record business transactions in ledger accounts CLO 9a 9b 9c 9e 3 Adjust ledger accounts and prepare a classi ed Balance Sheet CLO 9b 9c 9d 9e 4 Prepare nancial statements for a merchandising business using a perpetual inventory system CLO 9a 9b 9c 9d 9e 5 Prepare worksheets and closing entries to complete an accounting cycle CLO 9a 9b 9c 9d 9e 6 Record transactions in a variety of journals in order to handle large volumes of data CLO 2a 9a 9b 9c 9d 9e 7 Use internal control procedures to protect assets CLO 2a 2b 9a 9b 9c 9d 9e 8 Record credit sales and calculate interest and discounts on notes receivable and accounts receivable CLO 2b 9a 9b 9c 9d 9e 9 Use special journals to record transactions and the proper use of accounts receivable and accounts payable subsidiary ledgers CLO 9a 9b 9c 9d 9e 10 Apply the various methods used in recording inventories and the importance of proper valuation CLO 2b 9a 9b 9c 9d 9e 11 Apply generally accepted accounting principles CLO 2a 2b 9a 9e 12 Use Peachtree and QuickBooks modules CLO 2a 9a 9b 9c 9d 9e TOPICAL OUTLINE 1 System Requirements 7 Opening Backing Up and Restoring a Company s Data Files 2 Joumalizing Posting and Printing Reports 3 Compound Journal Entries Adjusting Entries and Printing Financial Reports 4 The Closing Process and Completing the Accounting Cycle 5 Accounting for Merchandising Operations 6 Perpetual Inventory Systems and Cost of Goods Sold 7 Payroll Accounting 8 Cash and Internal Control 9 Accounting for Accounts Receivable and Accounts Payable


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