Covers advanced accounting activities using Quickbooks automated accounting software. Topics focus on starting up companies in mid-cycle of the fiscal period. Covers setting up prior balances with accounts receivable, accounts payable, checking, inventory, payroll, and fixed assets.
ACTG 143, and ACCT& 201 or Instructor approval.
- Following class discussion and activities and using an automated accounting program, the student will prepare multi-month reports to include a balance sheet, income statement, payroll ledger, etc.
- Students will set up companies at the beginning of the fiscal year and in mid-cycle of the fiscal year.
- Students will set up companies with employees, both at the beginning and in mid-cycle of the fiscal year.