Accounting 159 Computer Accounting

INSTRUCTOR: Cheryl Furbee
Fall 2008
Revised 08/04/08

Be sure to watch the Welcome Video and read the Online Orientation on the instructor's homepage.

 

Tentative Schedule

Check Figures

College Accounting Site

Peachtree Site

COURSE DESCRIPTION

This course provides practical experience in the use of computers for entering accounting data and generating financial statements and information. Using Peachtree Complete for Windows,you will learn to use the various modules such as general journal, accounts receivable, accounts payable, invoicing, payroll, inventory, and job cost. This course also includes inventory valuation, financial statement analysis, corporate accounting, and cash flow statements. Basic knowledge of accounting/bookkeeping is essential.

1. Develop the skills necessary to do general computer accounting for service and merchandising businesses.
2. Complete exercises using accounts receivable, accounts payable, invoicing, payroll, inventory, and cash flow statements.
3. Complete the accounting cycle using Peachtree Complete for Windows software.
4. Prepare financial statements and complete financial statement analysis.
5. Calculate inventory valuation using the various acceptable methods.
6. Analyze pertinent data dealing with corporate accounting, including dividends and bonds.
7. Conduct web research.
   

TEXTBOOKS AND SUPPLIES

1. Computer Accounting with Peachtree Complete 2008 for Microsoft Windows, 12th Edition, Release 15.0, Carol Yacht, McGraw Hill/Irwin; ISBN 978-0-07-726181-8 . An educational version of the Peachtree software is included with the text; therefore, you do not have to purchase the software and can complete all the assignments off campus, if desired.
2. College Accounting, 11^th Edition, Chapters 1-32, Price, Haddock, and Brock, ISBN 0-07-322650-5 or 0-07-321537-6; OR College Accounting, 10^th Edition, Updated, Chapters 1-32; ISBN 0-07-297790-6
3. If you will be using the CTC to complete the computer work, you will need a Zip Disk, CD-RW, or Flash Memory Device
4. Print card if you will be using the CTC
   

COURSE REQUIREMENTS AND GRADING

College Accounting:
You are expected to read the eight assigned chapters and complete the exercises and problems. There will be a quiz for each assigned chapter. See the tentative schedule for the chapters and due dates. All exams will be completed online via the Blackboard assessment tool. They will consist of Multiple Choice and True/False questions. You will be given a five-day "window of opportunity" (12:01 a.m. Thursday to midnight Monday) to complete these exams.

Peachtree textbook:
Make a backup file of the Peachtree sample company, Bellwether Garden Supply, BEFORE you record any transactions (the text explains how to create the backup in Chapter 1, just follow the instructions).

The end-of-chapter exercises and projects should all be completed with the exception of the "A" projects. A link to the check figures is provided above. Of the work completed on the Peachtree program, only the projects will be collected and graded. When creating the projects always use your name in the company name (i.e. Cheryl Furbee, Accountant and Cheryl's Sports). In addition, a company analysis and simulation will be required; these will be provided by the instructor. It is expected that you complete all your own homework, but working with classmates is encouraged. For grading purposes, you will be asked to print the Income Statement (with no zero balances), Balance Sheet, and Progress Report from each project. These will be submitted via the Blackboard assignment tool as an Excel file that is exported from Peachtree to Excel. Late work will NOT be accepted. The text also includes web assignments. You are NOT required to do them unless specifically indicated. Assignment details will be provided via Blackboard.

NOTE: You are not required to print most of the documents; do so for your information only. If you do not want to print the invoices, checks, etc., be sure to type in an invoice number or check number. Without the number, the document may not post accurately. The program is designed to post when the document is printed if no number is assigned.

Company Analysis:
Using the sample company from the Peachtree program, you will search for information related to the accounting data. This will be based on the sample company included in the program. Be sure you save this company before you start posting transactions.

Simulation:
Using the Peachtree Program you will complete a simulation created by the instructor.

Research and Discussion:
Web sites and/or research relevant to the course objectives will be assigned via Blackboard. You will be required to participate in discussion topics regarding these assignments.

Grading (subject to change)

Assignment	Points Possible (approx)
College Accounting Quizzes 8 @ 50	400
Projects 4 @ 25	100
Company Analysis	25
Simulation	100
Research and Participation	75
Total Possible Points (approx)	700