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1. Demonstrate an understanding of the basic components of both QuickBooks and SAGE 50..

This paper enable the students with the contemporary skills and knowledge about the evaluation and recording of financial accounting transactions with the usage of computerised accounting software. You are required to focus on the following key aspects:

  • The description of the basic elements of QuickBooks and SAGE 50

  • The knowledge of designing and refining vendor accounts, payable, customer accounts, an receivables in the systems

  • How to edit and add employee records and function payroll

  • The development if inventory accounts

  • The methods of using enter inventory and service data in both systems

  • The formulation and printing of financial reports

Instructions 

Subject Title 
PC Applications and Accounting Software

Subject Description 
This course is designed to develop the student`s skill in the analysis and recording of financial accounting transactions using computerized accounting software - for example, SAGE 50 and/or QuickBooks. Students will create and maintain electronic accounting records and prepare financial reports for sole proprietorships and corporations in accordance with generally accepted accounting principles.
Pre-requisites: ACC120

Credit Status 
ACC427 is a full credit subject

Learning Outcomes 
Upon successful completion of this subject the student will be able to:

1. Demonstrate an understanding of the basic components of both QuickBooks and SAGE 50..

2. Set up and modify vendor accounts and process payables in both systems.

3. Set up and modify customer accounts and process receivables in both systems.

4. Add and edit employee records and work with payroll in both systems.

5. Create inventory accounts and enter inventory and service data in both systems.

6. Create and print financial reports in both systems.


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