ACCT 240 Computerized Accounting • 5 Cr.
Introduces the use of the PC to solve accounting problems. Students create accounting applications using various software programs. Prerequisite: ACCT 101 or permission of instructor.
New description starting Summer 2013
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. Prerequisite: ACCT 101 or permission of instructor.
Prerequisite: ACCT 101 or permission of instructor; class uses Peachtree 2011.
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