Students will use small-business accounting software (QuickBooks) to learn how source documents and other information are captured by the accounting information system and converted into financial statements and other useful output.
The course concludes with a project that simulates real-life accounting work for a small business.
Session # |
Accounting Theory |
QuickBooks |
Session 1 |
Introduction to accounting |
Downloading QuickBooks Simple Start |
Session 2 |
Basic financial information |
Creating a new data file |
Session 3 |
Capturing economic events |
Working with Lists |
Session 4 |
Accruals and deferrals |
Chart of accounts |
Session 5 |
Reporting financial results |
Billing and invoicing customers |
Session 6 |
Merchandising activities |
Receiving payments and monitor customer payment status |
Session 7 |
Financial assets |
Entering and paying bills |
Session 8 |
Inventory and cost of goods sold |
Writing and voiding checks |
Session 9 |
Plant and intangible assets |
Working with items |
Session 10 |
Liabilities |
Reconciling bank accounts |
Session 11 |
Stockholder’s equity |
Reporting |
Session 12 |
Income and changes in Retained Earnings |
Customizing QuickBooks and saving time |
Sessions 13-15 |
Project |
Working though the last month of the year of a small business, closing the month and the year, communications with CPA. |