Dream. Challenge. Succeed
COMPUTERIZED ACCOUNTING WITH QUICKBOOKS
Develops extensive familiarity with the accounting information system and accounting concepts.
The role and basic regulation of the accounting profession
Books of accounts & accounting cycle
Financial statement preparation and basic analysis
Conceptual framework and key principles, assumptions, and constraints of generally accepted accounting principles (US GAAP)
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 1: Introduction to accounting. Getting Started with QuickBooks Online
Session 2: Basic financial information. QuickBooks Online Overview
Session 3: Capturing economic events. Working with Lists
Session 4: Accruals and deferrals. Chart of accounts
Session 5: Reporting financial results. Working with items
Session 6: Merchandising activities. Invoicing customers
Session 7: Financial assets. Receiving payments and monitor customer payment status
Session 8: Inventory and cost of goods sold. Writing checks and recording expenses
Session 9: Plant and intangible assets. Making deposits and reconciling bank accounts
Session 10: Liabilities. Doing Payroll with QuickBooks
Session 11: Stockholder's equity. Reporting
Session 12: Income and changes in Retained Earnings. Customizing forms and saving time
Sessions 13-15: Project. Working through the last month of the year of a small business, closing the month and the year, communications with CPA.
An overall program average of 70% or above is required to graduate and earn your Certificate.