ACCT 245 - Computerized Accounting

Credit Hours: 3
Lecture Hours: 3
Laboratory Hours: 0

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:

To develop a basic understanding of the aspects of a computerized accounting system.
Students will prepare and set up various type of service and retail companies.
Students will prepare and set up various type of service and retail companies.
Students will produce financial statements for these companies.
Students will prepare and set up various type of service and retail companies which includes analyzing accounts, journalizing transactions, preparing adjusting and closing entries.
Students will prepare and set up various type of service and retail companies that include setting up inventory, payroll, cash receipts and disbursements.