cac 205 computerized accounting - wordpress.com · long island business institute computerized...

Long Island Business Institute Computerized Accounting Department of Accounting

J. Wu, last updated April 12, 2016 of 10

CAC 205 Computerized Accounting

Instructor Name: Jason Wu

Instructor E-mail: [email protected]

Contact Number: (347) 368–1193

Course Name: Computerized Accounting (3 credits)

Course Code: “B” Track CAC205 – FLD2

Course Term: April 12, 2016 – July 27, 2016

Class Hours: Tuesday 06:10 PM – 09:00 PM

Lab Hours: Tuesday 09:10 PM – 10:00 PM

Class Room: M307 – PC

Teaching Website: http://woojias.wordpress.com/cac205-computerized-accounting/

Required Text Book and Supplementary Materials:

Villani, Kathleen and Rosa, James. Computerized Accounting with QuickBooks 2013. Minnesota: EMC Paradigm, 2013. ISBN: 978-0-76385-314-3

Required Reading:

Related chapters in the required textbook. Please see details in the following course schedule as

assigned by the Instructor.

Lecture Notes. Other materials that will be handed out during the semester.

Method of Evaluation and Grading:

The final grade will be based upon completing class work, homework, quizzes, tests, and a final exam.



Evaluation Grade Percentage1Equivalency

Homework(Assignments 20% A 903100Classwork 15% B+ 85389Projects 20% B 80384Midterm(Exam 20% C+ 75379Final(Exam 25% C 70374

D+ 65369D 60364F 0359

“W” Withdrawal grade is assigned when a student withdraws from a course before the 12th week of the semester, or processes an Official Withdrawal from the semester with the Registrar’s Office.

“NS” No-show grade is assigned by the Faculty at the end of a semester when an enrolled student has not attended from the first day of the course.

Out-Of-Class Student Work:

Students are expected to complete 2 hours of out-of-class work for every hour of time spent in class. This out-of-class work can include the following, where applicable: lab, reading, research, exercises, and steno practice.

Academic Honesty: It is the responsibility of every student enrolled at LIBI to support the principles of academic

integrity and to refrain from all forms of academic dishonesty, including but not limited to the

following: plagiarism, falsification, fabrication, or misrepresentation of data, unauthorized

assistance, cheating, deliberately providing false information, forging, falsifying or misusing LIBI

documents, and assisting or aiding another to engage in acts of academic dishonesty. Additional

information can be found in the LIBI Student Handbook at www.libi.edu.

CLASS POLICY REGARDING ELECTRONIC DEVICES: Prior to class session, all

electronic devices are to be turned off.

Students with Disabilities If you anticipate issues related to the format or requirements of this course, please meet with your

instructor. The instructor can discuss ways to ensure your full participation in the course. If you

determine that formal, disability-related accommodations are necessary, it is very important that

you formally process your disability paperwork with the Office of the Registrar (located in the

Main building on the 5th floor at the Flushing Campus, the 2nd Floor of the Commack Campus or

the 2nd Floor of the Manhattan Extension Center) within the first ten school days of the semester

so that they can notify the instructor of your eligibility for accommodation.



⇒ THISCOURSEOUTLINEISSUBJECTTOCHANGEASNEEDEDTOMEETTHEOBJECTIVESOFTHE

COURSEORTOAIDINCOURSEADMINISTRATIONATTHEDISCRETIONOFTHEINSTRUCTOR.IT

ISNOTANTICIPATEDTHATTHEREWILLBEANYSUBSTANTIVECHANGES.

CourseOutline:

CLASS DATE TOPICS CHAPTER ASSIGNMENT

1 04/12Tue.

ClassStartsWelcome,IntroductiontoCourse

• Describethedifferencesandsimilaritiesbetweenmanualandcomputerizedaccounting

• IdentifythefourlevelsofoperationwithinQuickBooks

CourseSyllabusandOutline1QuickBooks2013:Overview,OpenaCompanyFile,CreateBackupCopy,restoreaBackupCopy

Read:p.1-2to1-4,p.1-13,1-22to1-23.

• OpenQuickBooks• Openacompanyfile• Makeabackupcopyofa

companyfile• Restoreabackupcopyofa

companyfile• Changethecompanyname

inacompanyfile

Assignments:p.1-26to27CaseProblem1or2;p.1-25to26KeyConcepts&ProcedureCheck

2 04/19Tue.

• Identifythesystemdefaultaccountsforvendors

• UpdatetheVendorCenter• Recordpurchaseson

accountintheEnterBillswindow

• ProcesscreditmemosintheEnterBillswindow

2Vendors:EnterBills,PayBills,andCashPayments

Read:p.2-2to2-3,practiceChapterproblem.Project#1:p.2-37to2-41CaseProblem1or2

• RecordpaymentsofaccountspayableinthePayBillswindow

• RecordcashpurchasesintheWriteCheckswindow

• Displayandprintvendor-

Assignments:p.2-36to2-37KeyConcept&ProcedureCheck



relatedreports

3 04/26Tue.

• Identifythesystemdefaultaccountsforcustomers

• UpdatetheCustomerCenter• Recordsalesonaccountin

theCreateInvoiceswindow• Recordcollectionsof

accountsreceivableintheReceivePaymentswindow

3Customers:CreateInvoices,ReceivePayments,EnterSalesReceipts,andMakeDeposits

Read:p.3-2to3,practiceChapterproblem.Project#2:p.3-33to3-35CaseProblem1or2

• RecordcashsalesintheEnterSalesReceiptswindow

• RecorddepositsintheMakeDepositswindow

• Displayandprintcustomer-relatedreports


4 05/03Tue.

• UpdatetheChartofAccountsList

• RecordadjustmentsintheMakeGeneralJournalEntrieswindow

• Viewtheeffectofperiod-endadjustmentsonthetrialbalance

4Period-EndProcedures:MakeGeneralJournalEntries

Read:p.4-2,practiceChapterproblem.Project#3:p.4-39to4-41CaseProblem1or2

• Displayandprintperiod-endaccountingreports

• ChangethereportsdisplayusingtheCustomizeReportbutton

• Displayandprintaccountingreportsandfinancialstatements

Assignments:p.4-32KeyConcept&ProcedureCheck

5 05/10Tue.

• Identifythetwoinventorysystems

• UpdatetheItemList• Recordpurchasesof

inventoryitemsintheEnter

5Inventory:ReceiveItems,SellItems,ProcessSalesDiscounts,AdjustQuantity/ValueonHand,and

Read:p.5-2to5-3,practiceChapterproblem.



BillsandWriteCheckswindows

• Identifytransactionsrequiringsalestax

• Processsalesdiscounts

PaySalesTax Project#4:p.5-39to5-41CaseProblem1or2

• RecordadjustmentstoinventoryitemsintheAdjustQuantity/ValueonHandwindow

• RecordpaymentofsalestaxinthePaySalesTaxwindow

• Displayandprintinventory-relatedreports



06 05/17Tue.

• CreateanewcompanyfileandestablishpreferencesusingtheQuickBooksDetailedStartmethodandEasyStepInterviewwindow

• SetuptheCustomerCenter,VendorCenter,andItemListusingtheQuickBooksSetupwindow

6NewCompanySetup--AdvancedSetup:EasyStepInterviewandQuickBooksSetup


• ReviewinformationrecordedintheEasyStepInterviewandQuickBooksSetupwindows

• CustomizetheChartofAccountsList,SystemDefaultAccounts,andTermsList

Project#5:p.6-66to6-79CaseProblem1or2



07 05/24Tue.

• CreateanewcompanyfileandestablishpreferencesusingtheQuickBooksDetailedStartmethodandEasyStepInterviewwindow

• SetuptheCustomerCenter,VendorCenter,andItemListusingtheQuickBooksSetupwindow

• ReviewinformationrecordedintheEasyStepInterviewandQuickBooksSetupwindows

• CustomizetheChartofAccountsList,SystemDefaultAccounts,andTermsList


08 05/31Tue.

ReviewMidtermExam

Chapter1–5

MidtermExam

Chapter1–5

09 06/07Tue.

• CreateanewcompanyfilewithoutusingtheQuickBooksExpressStartmethod

• Establishpreferences• UpdatetheChartof

AccountsList

7NewCompanySetup—ExpressStart:SetUpCompanyPreferences


• CustomizetheSystemDefaultAccountsandTermsList

• UpdatetheItemList


• UpdatetheCustomerandVendorCenters

• Adjustthenewcompanyfiletofollowtheaccrualbasisofaccounting





10 06/14Tue.

• Reviewpayrollterminology• Activatethepayroll

preference• Customizepayrollsystem

defaultaccounts• Customizeandupdatethe

ChartofAccountsListforpayroll

8PayrollSetup:CustomSetup


• Setuppayrolltoacceptmanualentries

• CustomizethePayrollItemListforpayrollitemscreatedbyQuickBooks

• UpdatethePayrollItemList• DisplayandprintthePayroll

ItemListingreport


11 06/21Tue.

• Reviewaccountingforpayrolltransactions

• UpdatetheEmployeeCenter• RecordpayrollinthePay

Employeeswindows

9PayrollProcessing:PayEmployees,PayPayrollLiabilities,andProcessPayrollForms


• RecordpaymentsofpayrolltaxesinthePayLiabilitieswindow

• Displayandprintpayroll-relatedreports,accountingreports,andfinancialstatements

Assignments:p.9-30to31KeyConcept&ProcedureCheck

12

06/28Tue.

• TransferfundsbetweenaccountsusingtheTransferFundsbetweenAccountswindow

• Reconcilecashaccountsusingthe

10Banking:TransferFunds,Reconcile




Reconcilewindow• EntercreditcardchargesusingtheEnter

CreditCardChargeswindow

Accounts,andEnterCreditCardCharges


• PaycreditcardchargesusingtheWriteCheckswindow

• Displayandprintbanking-relatedreports,accountingreports,andfinancialstatements


13 07/05Tue.

• AddajobtotheCustomerCenter• Recordandallocatepayrollincurredfora

specificjobinthePayEmployeeswindows

• RecordandallocateservicesrenderedforaspecificjobintheCreateInvoiceswindows

• SetupTimeTracking• Trackemployeetimeforeachjobusing

theWeeklyTimesheetwindow• PayemployeesusingTimeTrackingdata

11JobsandTimeTracking:RecordJobIncome,RecordJobPayrollExpenses,TrackTimeforEmployeesandJobs,andCreateCustomerStatements


• CreateInvoicesusingTimeTrackingdata• CreateCustomerStatements• Displayandprintjobandtimetracking

reports,accountingreports,andfinancialstatements


14 07/12Tue.

• Customizethedesktopwiththehomepageandiconbars

• CustomizeLists/Centersincludingsubaccounts,mergeentries,andcustomfields

12CustomizingYourCompanyFile:Desktop,Reports,Invoices,Letters,MemorizedTransactions,andFiscalYear

Read:p.12-2,practiceChapterproblem.

• CustomizeActivitiesincludingactivitywindowdisplayandrelatedinvoice,QuickBooksLetterinMicrosoftWord,memorizetransactions

• CustomizeReportsincludingtheappearanceofreports,memorizesettings,exportareportintoMicrosoftExcel,processmultiplereports,changereportdefaultsettings,viewandprintagraph




• Viewfiscalyearclosing,setclosingdate,preparefornewfiscalyear


• AppendixA–OpenorRestoreaCompanyFile

• AppendixB–ManualAccountingvs.QuickBooks

• AppendixC–JournalReportTypes• AppendixD–PurchaseOrders• AppendixE–CustomerCreditsandBad

DebtWrite-offs• AppendixF–NewCompanySetup

Methods• AppendixG–QuickBooksPayrollSetup

Window• AppendixH–SickandVacationPaidTime• AppendixI–SettingUpQuickBooksFor

MultipleUsers• AppendixJ–SettingUpPasswordsand

Users

Read:p.A-1toA-40;Practice:AppendixA-J

15 07/19Tue.

Ø FinalExam–Part#3CaseProblem Chapter1-12(CumulativewithAppendices)

Ø FinalExam–Part#1and#2• Part#2MultipleChoiceQuestions• Part#3EssayQuestions

Chapter1-12(CumulativewithAppendices)



Notes:

1. Violations of the academic integrity policy will result in an automatic F on the course and serious

disciplinary actions.

2. Please show respect to your classmates; allow the speaker to make his/her point before you jump

in.

3. All exams will be closed book. The only materials you will be allowed to bring in are

pencils/pens and a financial calculator.

4. There is NO makeup exam except for medical emergency as proved by a written note from a

doctor with contact information for verification purpose.

5. Cell phones are distraction and must be turned off in the classroom; graphing, scientific

calculators and PDA’s are strictly prohibited on the exam.

6. Please include CAC205 – FLD2 in the subject line of your e-mail.

7. Assignments Requirements:

7.1 Assignments will NOT be accepted if written on paper torn from a notebook, paper with

untidy edges (paper taken from spiral notebooks) or paper less than 8.5 x 11 inches.

7.2 All hand-written assignments (in-class, tests, etc.) must be done in ink (black or blue). Work

done in pencil will not be accepted. There are NO exceptions to this.

7.3 All homework assignments must be typed and submitted by the due date. Late papers will be

accepted up to one week past the due date and will receive a maximum of 75%. Please

understand that you are still responsible for submitting an assignment on time whether you

were absent on the date given or the date due.

7.4 Format for written homework assignments:

7.4.1 Homework assignments must be typed, double spaced using a 12 point font. They

can be handed in or delivered by e-mail;

7.4.2 At the top of the page type:

Student Name: ___________________________

Course Name/Code: _______________________

Instructor’s Name: ________________________

Date: ___________________________________

7.4.3 Assignment name/title must be centered;

7.4.4 Number each page if more than one page.

cac 205 computerized accounting - wordpress.com · long island business institute computerized...

Documents