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.
Complete the four steps of the time and billing feature.
Differentiate between time tickets and expense tickets.
Using Peachtree Complete®
Discuss how to close the fiscal year.
Perform quarterly adjustments for a sample company.
Explain how source documents are used.
Record financial information for a sample company.
Interpret information found on the different financial statements.
Explain the purpose of financial statements.
Inventory, Internal Controls and Job Costs
Apply the job cost system to purchases, sales, and payroll.
Discuss the importance of internal controls and audit trails.
Perform inventory functions.
Explain the purpose of the charts of accounts.
Input payroll data for employees.
Illustrate the steps to set up payroll accounting.
Vendor and Customer Transactions
Analyze customer credit memos.
Complete the four basic accounts receivable tasks.
Analyze vendor credit memos.
Apply the five steps used to complete a vendor transaction.
Perform back up and restore functions.
Identify the differences between manual and computerized accounting.
Explain factors to consider when choosing accounting software.
Identify different types of accounting software.
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Transferability of credit is at the discretion of the receiving institution. It is the student’s responsibility to confirm whether or not credits earned at University of Phoenix will be accepted by another institution of the student’s choice.