Accounting- Quick Books Module

This course introduces students to the fundamentals of financial accounting practice. Students' understanding of key accounting concepts, recording and measuring methods, and disclosure requirements will be developed. Students will learn the process of identification, measurement, recording and communication of financial information through general purpose financial reports using the accrual bases of accounting. Specific issues relating to inventory, non-current assets, liabilities, and equity are examined. Research skills are introduced and students will perform practical research. QuickBooks software labs will give students hands-on accounting experience.

Course Content
  • Introduction to Accounting and Business  

  • Nature of Business and Accounting  

  • Generally Accepted Accounting Principles (GAAP)  

  • The Accounting Equation 

  • Assets vs Liability  

  • Owner Equality 

  • Tangible vs non-Tangible Assets 

  • Business Transactions and the Accounting Equation 

  • Financial Statements 

  • To gain an overview of the course and the topics to be covered 

  • To know how QuickBooks works and how you can get around in QuickBooks 

  • Working with Bank Accounts 

  • Working with Vendors 

  • Working with Various types of transactions/invoices 

  • Working with Revenue Accounts 

  • Working with Payment Accounts 

  • Creating Income sheet 

  • Creating Balance sheet 

  • Creating Cash Flow Statement 

  • Generating Financial Reports 

  • Tracking and Paying Sales Tax 

  • Customize Forms and Reports 

  • Account Tracking and Re-consolidation 

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