Accountants today have put aside paper and pencil and taken advantage of advances in technology. Specialized software has made accounting transactions and reporting more dynamic and efficient. In this course, students explore the role of accounting information systems in organizations. The course covers the different types of accounting systems used for the collection, organization, and presentation of information. Using accounting software, students learn how accounting information systems assist management in decision-making processes. The course also emphasizes the internal controls that should be included in an accounting information system.
Explain factors to consider when choosing accounting software.
Identify the differences between manual and computerized accounting.
Perform back up and restore functions.
Vendor and Customer Transactions
Apply the five steps used to complete a vendor transaction.
Analyze vendor credit memos.
Complete the four basic accounts receivable tasks.
Analyze customer credit memos.
Illustrate the steps to set up payroll accounting.
Input payroll data for employees.
Inventory, Internal Controls and Job Costs
Explain the purpose of the charts of accounts.
Perform inventory functions.
Discuss the importance of internal controls and audit trails.
Apply the job cost system to purchases, sales, and payroll.
Explain the purpose of financial statements.
Interpret information found on the different financial statements.
Time and Billing
Differentiate between time tickets and expense tickets.
Complete the four steps of the time and billing feature.
Record financial information for a sample company.
Explain how source documents are used.
Using Sage 50 Complete
Perform quarterly adjustments for a sample company.
Discuss how to close the fiscal year.
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