ACCT 245 - Computerized Accounting

Credit Hours: 3
Lecture Hours: 3
Laboratory (or Other) Hours: 0

Other Course Attribute(s): APPR, BUSI, ITTE

Prerequisite(s): ACCT 125 and CITA 110
Restriction(s): None

Corequisite(s): None

Students will be taken through the complete accounting cycle from the beginning (purchases, sales, and other basic transactions, recording invoices, payments, etc.) to the final work product (a complete set of financial statements) using computerized accounting package. Students will gain an understanding of the patterns of flow of computerized accounting data and information in a business to include computerized general ledger, subsidiary ledgers and payroll applications.

Student Learning Outcomes of the Course:

In a computerized accounting software program:

Set up service and retail companies
Produce financial statements .
Analyze accounts, journalize transactions, prepare adjusting and closing entries
Prepare accounting transactions relevant to accounts receivables and payables, inventory, payroll, cash receipts and disbursements