SUFFOLK COUNTY COMMUNITY COLLEGE COLLEGE-WIDE COURSE SYLLABUS
I. COURSE TITLE: Computer Accounting Principles
II. CATALOGUE DESCRIPTION: 2004 – 2006 Introductory course providing students with real-life exposure to use of major accounting applications programs on a microcomputer. Payroll, receivables, payables, inventory as well as integrated packages are utilized. Prerequisite: AC101 / AC11. A-E-G/ 4 credit hrs.
III. GOALS OF THE COURSE: The accounting faculty will assist accounting and non-accounting majors to achieve the desired learning outcomes listed below. In addition, the faculty will provide an opportunity for all students to develop and improve their analytical skills. To that end, instruction will be directed at introducing students to:
A. Procedures for setting up a computerized chart of accounts & general ledger. B. The establishment of customer accounts and a computer based accounts receivable subsidiary ledger. C. The establishment of vendor accounts and a computer based accounts payable subsidiary ledger. D. The establishment of inventory items and the computer based inventory system. E. The creation of employee accounts and the computer based payroll system. F. The demands and expectations placed upon the professional accountant in a modern, fully computerized accounting department environment.
IV. STUDENT LEARNING OUTCOMES: Upon successful completion of AC37 (Computer Accounting Principles) students will:
A. be familiar with the capabilities of accounting software and the operational benefits that can be derived from the use of such software. B. know how to setup, operate, and utilize accounting applications programs. C. have gained, through hands-on use of software, a more thorough understanding of the various accounting principles. D. have experienced, through simulation, accounting activities which occur in the workplace. E. setup company books using program setup process and identify the strengths and weaknesses of this approach. F. setup customized company books and identify the strengths and weaknesses of this approach. G. process customer related transactions and analyze customer reports. H. process vendor related transactions and analyze vendor reports. I. setup and process sales tax requirements. J. setup, process and monitor inventory requirements and analyze inventory reports. K. setup and process payroll transactions & reports. L. generate and analyze financial statements. M. complete the entire accounting cycle in a computerized environment.
V. SPECIAL INSTRUCTIONS/INFORMATION FOR THE TEACHER: A. Prerequisite to this course: AC11 / AC11 – Principles of Accounting I B. Programs that require this course: A.S. Degree: None A.A.S. Degree: Accounting 1-Year Certificate: Accounting C. Courses which require this course as a prerequisite or co requisite: AC82: Electronic Spreadsheet Applications for Accounting D. External Jurisdictions: None
VI. MAJOR TOPICS REQUIRED (50 Hours) A. SETTING UP THE BOOKS (10 HOURS) Introduction to various procedures used to setup the chart of accounts, general ledger and beginning account balances. Creation of customer & vendor accounts, establishment of open invoice balances and resulting subsidiary ledgers. B. ACCOUNTING CYCLE FOR SERVICE COMPANY (15 HOURS) Introduction and use of computerized special journals and forms to record typical service company transactions. Review the adjustment process and the preparation of computerized financial statements and supporting reports. Period end closing procedures. C. ACCOUNTING FOR MERCHANDISING OPERATIONS (15 HOURS) Setting up the inventory system and creation of inventory items. Recording purchase of merchandise and the sale of merchandise through special journals and forms. Recording returns and discounts. Analyze inventory reports and requirements. The adjustment process for merchandising companies. Year–end closing requirements. D. PAYROLL ACCOUNTING (5 HOURS) Setting up employee records and payroll system defaults. Review of payroll earnings and deductions requirements. Processing the payroll and generating and analyzing payroll reports. Analyze and review government required payroll reports. E. EVALUATION OF STUDENT PERFORMANCE (5 HOURS) It is strongly suggested that there be at least three (3) full period examinations (or the equivalent in distance education sections). The examinations could include short answers and problems that reflect the activities presented in class as well as essay questions.
The Business, Accounting and Paralegal Studies Department endorses the college’s “Writing to Learn” initiative and strongly recommends that a writing component be included in all business and accounting courses.
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Last revised: 5/27/2008 11:12 AMComments on this webpage, contact: Ronald Feinberg
