ACCT 240 Computerized Accounting • 5 Cr.

Description

Using a mid-range accounting system, students complete all functions of a full accounting cycle. Topics include use of the general ledger, recording accounting transactions, accounts receivable, accounts payable, inventory, job costing, payroll, reporting and financial statements. Recommended: ACCT 101 or ACCT&201.

Description starting Summer 2021

Using a mid-range accounting system, students complete all functions of a full accounting cycle. Topics include use of the general ledger, recording accounting transactions, accounts receivable, accounts payable, inventory, job costing, payroll, reporting and financial statements. This course will use data visualization to present the financial position, results of operations, cash flows, and supplementary financial information. Recommended: ACCT 101 or ACCT &201.

Outcomes

After completing this class, students should be able to:

  • Analyze and record financial transactions using accounting software.
  • Prepare the payroll for a service or a merchandising business.
  • Prepare revenue and payroll tax forms for state or federal government.
  • Describe, calculate and prepare end-of-period transactions.
  • Create, report, and analyze financial statements and reports using accounting software.
  • Analyze and discuss the effects of transactions on the fundamental accounting equation.
  • Complete a computerized recordkeeping system of accounting.
  • Discuss the use and application of ethics in computerized financial accounting.