What You'll Learn
Our Computer Accounting training course consists of 13 lessons. Each lesson begins by introducing that section’s subject matter and also focuses on important vocabulary. You also get hands-on tutorial training using the Peachtree® Complete Accounting software on CD-ROM supplied by Ashworth College and challenging practice exercises to help reinforce new concepts such as…
- Accounting systems and revenues
- Expenses, inventories and depreciation
- Subsidiary ledger accounts for inventory items
- Creating new accounts
- Preparing and printing financial statements
Lesson 1: Basic Concepts & the Balance Sheet
Lesson 2: Accounting Systems & Revenues
Elements of the balance sheet; assets; liabilities and equity; dual-aspect concept; money measurement concept; entity concept; going-concern concept; asset management concept; balance sheet items and changes; income measurement.
Lesson 3: Expenses, Inventories & Depreciation
The account; rules for increases and decreases; debit and credit; income statement accounts; the ledger and the journal; the closing process; a note on computers; fiscal year; accrual accounting; conservatism; materiality; realization; service revenue; amount of revenue; monetary assets; days' sales uncollected.
Lesson 4: Liabilities; Equity; Statement of Cash Flows
Expense and expenditure; unexpired and expired costs; matching concept; expenses that create liabilities; fringe benefits; rent; losses; the income statement; cost of sales; inventory valuation; first-in, first-out and last-in, first-out methods; average-cost method; adjustment to market; inventory in a manufacturing company; product and period costs; inventory turnover; noncurrent assets; acquisitions; capital leases; depreciation; depletion; intangible assets.
Lesson 5: Non-Profits & Financial Statement Analysis
Working, debt and equity capital; sources of capital; retained earnings and dividends; distributions to shareholders; balancing debt and equity capital; debt ratio; consolidated financial statements; cash flow from operating activities, investing and financing activities; adjustments for depreciation expense and changes in working capital accounts and current assets and liabilities; net effect of working capital changes; summary of operating adjustments; the cash flow statement.
Lesson 6: Getting Started; Setting Up a Company
Limitations of financial statement analysis; auditing; measures of performance and profitability; return on equity; tests of capital utilization and financial condition; non-profit organizations; net assets; revenues, expenses and investments; transfers; similarities to financial statement of for-profit entities; limitation of ratio analysis.
Lesson 7: Entering Transactions for a Cash Business
Manual vs. computer accounting; navigating PeachtreeÂ®; the help feature; how to open, save and back up files; types of organizations; setting up a new company; creating a chart of accounts; entering balances.
Lesson 8: Accounts Receivable & Payable for a Services Business
Transactions and the general journal; creating new accounts and entering beginning balances for a simple cash business; recording and editing transactions in the general journal; printing the general journal and financial statements.
Lesson 9: Processing Cash Payments & Receipts
Recording accounts receivable; creating subsidiary ledger accounts for customers and vendors and entering the beginning balances; processing accounts receivable, payable, sales and purchase transactions; creating action items and event logs; adjusting the accounts receivable for uncollectible accounts and print reports; recording accounts payable; how to create subsidiary ledger accounts.
Lesson 10: Preparing Financial Statements
Recording and managing cash; using the cash payments and cash receipts modules; preparing a reconciliation of the checking account.
Lesson 11: Purchases & Sales of Inventory in a Merchandise Business
How to journalize the adjusting entries; preparing and printing the financial statements; changing the financial statements; changing the accounting period.
Lesson 12: Payroll & Job Costing
Periodic and perpetual inventory systems; common inventory costing methods; the inventory account; subsidiary ledger accounts for inventory items; processing inventory and sales transactions; inventory sales concepts; creating sales tax accounts and codes; invoicing; creating sales orders from quotations; recording finance charges on overdue customer balances; printing inventory and sales reports.
Lesson 13: Fixed Assets, Partnerships & Corporations
General payroll concepts; using the Payroll Setup Wizard; payroll system maintenance; printing payroll checks, tax returns and payroll reports; job costing projects; creating phase codes and cost codes and entering estimated revenue and expenses; using the job costing system to record purchases; creating and printing job cost reports.
Calculating, recording and preparing reports for fixed assets and depreciation; creating subsidiary ledger records for individual fixed assets; making entries to record the disposal of fixed assets; entering the disposal of a fixed asset in the general journal; partnerships and corporations; recording paid-in capital and retained earnings; the stockholders' equity section of the balance sheet; recording dividends; creating partnership and corporate accounts and entering corresponding transactions; closing the fiscal year.
Close Curriculum Details
What You Get
Begin our computer accounting training online on your terms, study at your own pace and get personal guidance whenever you need it. We’ve removed the obstacles so you can move ahead fast!
Our Computer Accounting training online course has carefully selected content that promises a balance of vital information and practical application. Your tuition covers:
- Comprehensive accounting textbook and study guides
- Educational Version of Peachtree® Complete Accounting on CD-ROM
- Online, open-book exams
- Dedicated academic support and tutoring
- Participation in the Student Community
- Career Services powered by CareerBuilder®
Graduates of our accounting online course receive a personalized diploma and may attend our annual graduation ceremony. With your diploma in computer accounting from accredited Ashworth College, you’ll be ready to advance your career.
We’ve cleared the way. Start your Computer Accounting training today. Speak with an Admissions Advisor at 1-800-957-5412 or enroll online now.