Computer Accounting Program Curriculum
The Computer Accounting program was developed by Computer Accounting experts to ensure you attain the knowledge you need to prepare for a career in this field. Enroll today!
Lesson Group 1: Orientation: Ashworth College Career ProgramLearning at Ashworth
The goals and values of Ashworth College; time management; creating a realistic weekly and monthly study schedule; the nature and purpose of assessments; how to study effectively to prepare for and take an online examination; developing the skill sets necessary for success in the twenty-first century.
Evaluating your business idea; setting yourself apart from the competition; market testing; investment funding and donation funding; qualities of an entrepreneur; crowdfunding and angel investors.
Lesson Group 2: Accounting EssentialsBasic Concepts and the Balance Sheet
Review of basic accounting principles, focusing on the structure and function of the balance sheet and how a balance sheet is used to evaluate the financial health of a business.
The basic operation of accounting systems and the use of journals and ledgers for recording transactions. Differences between cash- and accrual-based accounting and the process used to close an accounting period.
Students will learn how to complete and analyze the income statement, compute cost of sales, adjust inventory, and record depreciation and amortization.
This lesson provides an understanding of working capital and how to report various sources of capital properly and generate a complete financial statement package.
Lesson coverage includes analysis of financial statements and the limitations that apply. Students will also understand the accounting differences in “for profit” and “not for profit” entities.
Lesson Group 3: Accounting Software BasicsGetting Started and Setting Up a Company
This lesson instructs students on the basic functions and menus of accounting software and the steps required to set up a company and enter beginning balances.
Students will use accounting software to perform transactions for a cash-basis company, including chart of accounts setup, beginning balances, enter common business transactions and print related financial reports.
This lesson covers the setup of accounts receivable and accounts payable, maintaining customer accounts, and entering sales and purchases. Coverage also includes the use of defaults to take advantage of software efficiencies.
Students will use accounting software to receive payments from customers and make payments to vendors through the use of receipts and to apply customer discounts according to established payment terms. Students will also prepare the bank reconciliation.
Lesson Group 4: Accounting Software: Statements, Inventory, and PayrollPreparing Financial Statements
This lesson provides instruction on using software to adjust journal entries and prepare financial statements. Students will apply knowledge of period end adjustments to software based accounting and learn how to generate customized reports.
Students will set up the subsidiary ledger and post transactions into and out of inventory using the Accounts Payable and Accounts Receivable Modules. Lesson coverage also develops skills in sales orders invoicing, sales tax applications, and finance charges.
Lesson coverage includes setup and operation of the software-based payroll system, including the calculation of payroll taxes. Students will also learn how the payroll function is applied for job costing applications.
The program concludes with instruction on using software to account for fixed assets and depreciation. Students will also practice the organization of the partnership’s capital accounts and the corporation’s equity section of the balance sheet.
In the Computer Accounting program students will review basic accounting practices used to post details of financial transactions for various sizes and types of business organizations. Students will then learn the functionality of common accounting software and use accounting software to complete required transactions and to accurately manage the accounting functions associated with purchasing, payroll, and inventory and to generate documents used for financial reporting and analysis.
After completing the Computer Accounting program, students will be able to:
- Identify and apply fundamental concepts and essential terminology of accounting, including balance sheets, revenues and monetary assets, expenses, inventories and costs, depreciation, assets and liabilities, equities, and cash flow, and identify basic financial statements commonly used for both profit and not-for-profit businesses.
- Differentiate between accrual and cash basis accounting and explain the importance of conservatism, materiality, and realization in accounting practices.
- Locate and apply the basic functions of accounting software to create, save, open, and enter transactions for company data and related financial reports.
- Use accounting software to create companies, run accounts payable, manage inventory and payroll, track inventory and assets, maintain a general ledger, and generate required company reports.
- Apply the functionality of accounting software to perform month-end and year-end close and generate and print partnership and corporation reports.