Course Name
Length
Get Going with
QuickBooks 2005……………………………………………………...20
hours
Keep Going with
QuickBooks 2005……………………………………………………20
hours
Fundamental
Accounting Concepts…………………………………………………...40
hours
The Accounting Cycle…………………………………………………………………..20 hours
Get Going with QuickBooks 2005
This course is designed to provide students with an introduction to QuickBooks accounting features to set up and run a product and/or service based business. Upon completion of Get Going with QuickBooks, students will be able to set up a business as a QuickBooks company, create a Chart of Accounts, build customer, vendor, and employee lists, set up and manage product inventory, sell their product or service, pay bills and make deposits using QuickBooks easy forms.
Course Objective:
¨ Use the QuickBooks interface
¨ Create a QuickBooks company
¨ Create a Chart of Accounts
¨ Build Customer, Vendor, and Employee Lists
¨ Set up and manage product inventory
¨ Create invoices for products and services
¨ Create billing statements
¨ Make deposits
¨ Print statements
¨ Write QuickBooks checks
¨ Reconcile checking accounts
¨ Enter and pay bills
Keep Going with QuickBooks 2005
Prerequisites: Get Going with QuickBooks 2005 or equivalent
After completing Keep Going with QuickBooks 2005, users
are able to customize forms; use asset and liability accounts; create reports
and graphs; track and pay sales tax; manage payroll; and create estimates,
track time, and cost jobs.
Course Objective:
¨ Create a custom form template
¨ Use credit card accounts
¨ Use asset, liability, and equity accounts
¨ Create QuickReports and preset reports
¨ Create QuickInsight graphs and customize graphs
¨ Set up tax rates and agencies
¨ Track and pay sales tax
¨ Manage payroll
¨ Track tax liabilities
Fundamental Accounting Concepts
In Fundamental Accounting Concepts, students become familiar with basic accounting concepts and terms, enabling them to track business transactions that affect assets, liabilities, and owner's equity. They learn how use universal accounting tools-such as the general journal, general ledger, and trial balance-to ensure an organization follows sound accounting practices. Students develop an in-depth understanding of the purpose and uses of each of four financial statements-the income statement, the balance sheet, the cash flow statement, and the statement of stockholders' equity-and practice preparing and interpreting each of these tools.
Objectives:
¨ Participate in the nine steps of the accounting cycle.
¨ Properly place debits and credits in 'T' accounts.
¨ Post transactions in a general journal and general ledger.
¨ Prepare a trial balance.
¨ Prepare common financial statements.
¨ Prepare and use income statements to identify net operating margin and profit margin on sales.
¨ Define capital, preferred, and common stocks.
¨ Differentiate between different types of assets and liabilities.
¨ Create and use a balance sheet to calculate working capital, current ratio, and debt-to-total-assets ratio.
¨ Identify operating, investing, and financing activities.
¨ Prepare and use statements of cash flow and stockholders' equity
¨ Use four methods to analyze financial statements.
The Accounting Cycle
Learn how to understand basic accounting principals and terminology to efficiently make financial decisions. This class specifically for the beginner, maps out the accounting cycle including Balance sheets, Income statements, Ledger Transactions, Trial Balances, and Closing entries. You will learn about Single Entry and Double Entry Accounting and Cash versus Accrual accounting. This course is ideal for small or new businesses and for learning the basics of business accounting.
Upon Completion of the Accounting Cycle, you will be
able to:
¨ Identify the steps in an Accounting Cycle; understand the difference between Temporary and Permanent accounts.
¨ Determine if you want to use Cash or Accrual Accounting
¨ Understand Basic Recordkeeping Systems including Setting up the Books, The Chart of Accounts, Key Word Recognition, Single Entry Recordkeeping, Double Entry Accounting, and Recordkeeping Techniques.
¨ Understand how and when to use The Ledger, The Trial Balance and The Journal.
¨ Understand the Rules for and making Adjusting Entries, Adjust Current Assets, Adjust Current Liabilities, Adjust Accrued Expense and Revenue,
¨ Perform Closing Entries on Temporary and Permanent Accounts, know the Four Basic Entries to Closing Accounts, and Perform the Post-Closing Trial Balance.
¨ Prepare Sample Financial Statements, Balance Sheets, and Income Statements.
¨ Use Special Consideration for Inventory, Know the Basic Differences of Merchandising Companies, Make Decisions about Inventory, And Compare Inventory Flow Methods.
¨ Understand Business Decisions