QuickBooks for Business

Course Number: BA 228
Transcript Title: QuickBooks for Business
Created: September 1, 2012
Updated: June 14, 2020
Total Credits: 3
Lecture Hours: 30
Lecture / Lab Hours: 0
Lab Hours: 0
Satisfies Cultural Literacy requirement: No
Satisfies General Education requirement: No
Grading options: A-F (default), P-NP, audit
Repeats available for credit: 0

Prerequisites

BA 111 or BA 211

Recommended

Course Description

Introduces double-entry, fully-integrated computerized general ledger software. Includes general ledger, accounts receivable, accounts payable, payroll, fixed assets, bank reconciliations, inventory, and Financial Statement Analysis.  Prerequisites: BA 111 or BA 211, Recommended: BA 104, CAS 133. Audit available.

Intended Outcomes

Upon successful completion of this course, students will be able to:

  1. Organize accounting procedures using microcomputer software.
  2. Communicate effectively using standard accounting terminology.
  3. Interpret and prepare accounting reports and records.

Outcome Assessment Strategies

At least two of the following measures are to be used:

  • Attendance and participation
  • Group project(s)
  • Business Model or Business Game
  • Presentation(s)
  • Practice Set(s)
  • Case Study (ies)
  • Portfolio(s)
  • Research paper(s)
  • Book report(s)
  • Homework assignment(s)
  • Written paper
  • Quiz (zes)
  • Exam(s)

Texts and Materials

Text: QuickBooks Online for Accounting, 3rd Ed; Owen; Cengage Learning

Course Activities and Design

The determination of teaching strategies used in the delivery of outcomes is generally left to the discretion of the instructor. Here are some strategies that you might consider when designing your course: lecture, small group/forum discussion, flipped classroom, dyads, oral presentation, role play, simulation scenarios, group projects, service learning projects, hands-on lab, peer review/workshops, cooperative learning (jigsaw, fishbowl), inquiry based instruction, differentiated instruction (learning centers), graphic organizers, etc.

Course Content (Themes, Concepts, Issues and Skills)

Outcome #1: Organize accounting procedures using microcomputer software.

To address this outcome, students should be taught:

  • How to use the Sample Company in QBO to perform transactions
  • How to set up a new company including employees, customers, vendors, and the appropriate chart of accounts
  • How to process transactions for operating activities
    • Sales and cash receipts
    • Purchases and cash payments
  • How to process transactions for investing and financing activities
    • Fixed assets
    • Long-term investments
    • Common stock and dividends
    • Long-term debt
    • Fixed asset acquisitions with long-term debt
  • How to process payroll checks (using reports from third-party payroll processors)
  • How to perform bank reconciliations
  • How to process adjusting journal entries and close out an accounting period
Outcome #2: Communicate effectively using standard accounting terminology.

To address this outcome, students should be taught:

  • How to set up the customer reference format applicable to the business to communicate appropriately with customers
  • The language used in QBO for specific functions
    • Estimates
    • Invoices
    • Receipts
    • Purchase Orders
    • Bills
Outcome #3: Interpret and prepare accounting reports and records.

To address this outcome, students should be taught:

  • How to use and create budgets as well as analyze actual performance in comparison
  • How to prepare standard financial statements
    • Balance sheet
    • Income Statement
    • Statement of cash flows
  • How to prepare other standard managerial reports
  • How to customize reports for managerial use