Benefits of Home Study « Work at your own pace! « No need to quit your present job while you train. « YOU choose the time and place to study. « No need to sit in a classroom for countless hours. « It’s the easiest, fastest, most convenient way to learn! « Study in the privacy and comfort of your own home. Why Choose Allied? « Allied’s 200+ employees are dedicated to your success! If you have any questions, over 50 student support staff members are available to assist you. Help is just a phone call, fax, or e-mail away. « 100% refund if not satisfied! Until you have submitted your first assignment, you have the right to a full refund (excluding shipping) up to ONE FULL YEAR after the course materials were mailed. Refund will be issued upon full return of the course materials. Once you have submitted course assignments and wish to withdraw, please refer to the enrollment agreement for our “pro-rata” refund policy. « Allied gives you the best! If you find a better offer (for a similar package)— WE WILL MATCH THE PRICE! « Job assistance is available. « Payment plans/financial assistance available. Allied’s Student Support Departments What Our Students Say... “ I appreciate all Allied has afforded me in my continued efforts to achieve higher education in the accounting field.” - Jan Edwards-Wheeler, Covina, CA “I found the material easy to understand, and whenever I got stuck, there was always someone to help me on the tollfree student help line.... Thank you for a GREAT learning experience!” - Leland Crader, Fresno, CA “ The school is great for people who don’t have time to go to a school in the evenings or part-time.” - Bob Swindell, Oklahoma City, OK 22952 Alcalde Drive • Laguna Hills, CA • 92653-1311 CALL TODAY! 1-888-925-2114 www.accountingcourses.com Course Materials High Demand An Allied Advantage Would you like a satisfying career with a solid future and potential for growth? A job in the accounting and bookkeeping field could be just what you’ve been looking for! YOU’LL RECEIVE: « « « « « « « Virtually every company, whether large or small, needs a qualified individual to manage the dayto-day finances and accounting procedures. You can be that person—with help from Allied’s Computerized Financial Accounting course. You’ll understand important financial concepts with an emphasis on computerized accounting procedures. It’s an important first step toward reaching your career goals. Knowledge of accounting can also be a great asset if you want to manage your own finances or start a home-based business. Learn how to keep track of your budgets and expenses! THERE’S NEVER BEEN A BETTER TIME TO LEARN COMPUTERIZED FINANCIAL ACCOUNTING! One-Year AIPB Membership (Included at no extra cost!) There’s never been a better time to enroll in Allied’s Computerized Financial Accounting course! We have formed a special partnership with the American Institute of Professional Bookkeepers (AIPB), which means that Allied’s course has been approved to satisfy AIPB membership requirements. All Computerized Financial Accounting students will automatically, upon passing the course, receive a one-year membership to the nation’s leading association for bookkeeping and accounting professionals. Membership to the AIPB will increase your knowledge base, provide you with up-to-date news and information, and will show your present or future employer that you’re dedicated to your career! Job Assistance Available Computerized Financial Accounting Study Guide Accounting Workbook for QuickBooks with QuickBooks Pro Data Files CD-ROM College Accounting textbook Computerized Financial Accounting Answer Forms Computerized Financial Accounting Student Answer Keys Columnar Pad Quick Reference Sheet With Allied’s course materials, you’ll learn key terms and build practical accounting skills at the same time. College Accounting by Heintz and Parry, takes you step-by-step through a multitude of accounting concepts, from posting transactions to analyzing financial statements. For the practical application of the important accounting concepts you’ll learn in this course, the Accounting Workbook for QuickBooks and the accompanying QuickBooks Pro Data Files CD-ROM feature “real world” exercises using QuickBooks software. Please note: QuickBooks Pro software (2003 or later) is required to complete the course lessons, and a working knowledge of this software is strongly recommended. (If you would like to learn this popular accounting software program, Allied’s Professional QuickBooks course provides easy-to-understand instructions and useful tips for the beginning QuickBooks student. Please call an Allied Representative for more details.) Also Available Online With Allied’s online option, you can save valuable time by starting immediately after you enroll! Begin right away by reading the first two chapters from your computer. (Your textbook and other course materials will be sent via UPS.) Allied’s Online Course Features: • Chapters 1 & 2 of the textbook, College Accounting • All quizzes and other selected assignments (Hard copy midterm and final exam— proctor required.) The full textbook and additional study materials will be shipped directly to your door. If launching a successful job search seems overwhelming, give us a call. We can answer your questions and point you in the right direction! Our Career Center staff will personally offer helpful advice on resume and cover letter preparation, networking, interviewing skills, and more. This added convenience doesn’t cost any extra! The online version of Allied’s Computerized Financial Accounting course is the same price as the traditional correspondence course. So why wait? Enroll online now at: www.accountingcourses.com Contact us and we’ll show you how to find important career-specific information regarding today’s job market. Plus, we’ve formed a partnership with beneficial trade associations and staffing agencies for accounting and bookkeeping professionals. For Allied students who qualify, using a specialized staffing service is a great way to gain valuable on-the-job experience and make important business contacts. Allied provides all the knowledge you need to land a great job! Allied’s Computerized Financial Accounting course has been successfully reviewed and college credits have been recommended by the American Council on Education’s College Credit Recommendation Service. CALL TODAY! (888) 925-2114 Allied Business Schools, Inc., was granted institutional approval from the Bureau for Private Postsecondary and Vocational Education (BPPVE) pursuant to California’s educational code. The Bureau’s approval means that the institution and its operations comply with the minimum standards established under the law for occupational instruction by private postsecondary educational institutions. Institutional approval must be reapproved every three years and is subject to continuing review. Approval to operate does not imply any endorsement by the State or by the Council. Visit us on the web at: www.accountingcourses.com Course Materials High Demand An Allied Advantage Would you like a satisfying career with a solid future and potential for growth? A job in the accounting and bookkeeping field could be just what you’ve been looking for! YOU’LL RECEIVE: « « « « « « « Virtually every company, whether large or small, needs a qualified individual to manage the dayto-day finances and accounting procedures. You can be that person—with help from Allied’s Computerized Financial Accounting course. You’ll understand important financial concepts with an emphasis on computerized accounting procedures. It’s an important first step toward reaching your career goals. Knowledge of accounting can also be a great asset if you want to manage your own finances or start a home-based business. Learn how to keep track of your budgets and expenses! THERE’S NEVER BEEN A BETTER TIME TO LEARN COMPUTERIZED FINANCIAL ACCOUNTING! One-Year AIPB Membership (Included at no extra cost!) There’s never been a better time to enroll in Allied’s Computerized Financial Accounting course! We have formed a special partnership with the American Institute of Professional Bookkeepers (AIPB), which means that Allied’s course has been approved to satisfy AIPB membership requirements. All Computerized Financial Accounting students will automatically, upon passing the course, receive a one-year membership to the nation’s leading association for bookkeeping and accounting professionals. Membership to the AIPB will increase your knowledge base, provide you with up-to-date news and information, and will show your present or future employer that you’re dedicated to your career! Job Assistance Available Computerized Financial Accounting Study Guide Accounting Workbook for QuickBooks with QuickBooks Pro Data Files CD-ROM College Accounting textbook Computerized Financial Accounting Answer Forms Computerized Financial Accounting Student Answer Keys Columnar Pad Quick Reference Sheet With Allied’s course materials, you’ll learn key terms and build practical accounting skills at the same time. College Accounting by Heintz and Parry, takes you step-by-step through a multitude of accounting concepts, from posting transactions to analyzing financial statements. For the practical application of the important accounting concepts you’ll learn in this course, the Accounting Workbook for QuickBooks and the accompanying QuickBooks Pro Data Files CD-ROM feature “real world” exercises using QuickBooks software. Please note: QuickBooks Pro software (2003 or later) is required to complete the course lessons, and a working knowledge of this software is strongly recommended. (If you would like to learn this popular accounting software program, Allied’s Professional QuickBooks course provides easy-to-understand instructions and useful tips for the beginning QuickBooks student. Please call an Allied Representative for more details.) Also Available Online With Allied’s online option, you can save valuable time by starting immediately after you enroll! Begin right away by reading the first two chapters from your computer. (Your textbook and other course materials will be sent via UPS.) Allied’s Online Course Features: • Chapters 1 & 2 of the textbook, College Accounting • All quizzes and other selected assignments (Hard copy midterm and final exam— proctor required.) The full textbook and additional study materials will be shipped directly to your door. If launching a successful job search seems overwhelming, give us a call. We can answer your questions and point you in the right direction! Our Career Center staff will personally offer helpful advice on resume and cover letter preparation, networking, interviewing skills, and more. This added convenience doesn’t cost any extra! The online version of Allied’s Computerized Financial Accounting course is the same price as the traditional correspondence course. So why wait? Enroll online now at: www.accountingcourses.com Contact us and we’ll show you how to find important career-specific information regarding today’s job market. Plus, we’ve formed a partnership with beneficial trade associations and staffing agencies for accounting and bookkeeping professionals. For Allied students who qualify, using a specialized staffing service is a great way to gain valuable on-the-job experience and make important business contacts. Allied provides all the knowledge you need to land a great job! Allied’s Computerized Financial Accounting course has been successfully reviewed and college credits have been recommended by the American Council on Education’s College Credit Recommendation Service. CALL TODAY! (888) 925-2114 Allied Business Schools, Inc., was granted institutional approval from the Bureau for Private Postsecondary and Vocational Education (BPPVE) pursuant to California’s educational code. The Bureau’s approval means that the institution and its operations comply with the minimum standards established under the law for occupational instruction by private postsecondary educational institutions. Institutional approval must be reapproved every three years and is subject to continuing review. Approval to operate does not imply any endorsement by the State or by the Council. Visit us on the web at: www.accountingcourses.com Benefits of Home Study « Work at your own pace! « No need to quit your present job while you train. « YOU choose the time and place to study. « No need to sit in a classroom for countless hours. « It’s the easiest, fastest, most convenient way to learn! « Study in the privacy and comfort of your own home. Why Choose Allied? « Allied’s 200+ employees are dedicated to your success! If you have any questions, over 50 student support staff members are available to assist you. Help is just a phone call, fax, or e-mail away. « 100% refund if not satisfied! Until you have submitted your first assignment, you have the right to a full refund (excluding shipping) up to ONE FULL YEAR after the course materials were mailed. Refund will be issued upon full return of the course materials. Once you have submitted course assignments and wish to withdraw, please refer to the enrollment agreement for our “pro-rata” refund policy. « Allied gives you the best! If you find a better offer (for a similar package)— WE WILL MATCH THE PRICE! « Job assistance is available. « Payment plans/financial assistance available. Allied’s Student Support Departments What Our Students Say... “ I appreciate all Allied has afforded me in my continued efforts to achieve higher education in the accounting field.” - Jan Edwards-Wheeler, Covina, CA “I found the material easy to understand, and whenever I got stuck, there was always someone to help me on the tollfree student help line.... Thank you for a GREAT learning experience!” - Leland Crader, Fresno, CA “ The school is great for people who don’t have time to go to a school in the evenings or part-time.” - Bob Swindell, Oklahoma City, OK 22952 Alcalde Drive • Laguna Hills, CA • 92653-1311 CALL TODAY! 1-888-925-2114 www.accountingcourses.com EVERYTHING YOU EVER WANTED TO KNOW ABOUT COMPUTERIZED FINANCIAL ACCOUNTING TEXTBOOK: College Accounting, 18th Edition Chapter 5: Adjusting Entries and the Work Sheet •End-of-Period Adjustments •The Work Sheet •Finding Errors on the Work Sheet •Journalizing Adjusting Entries •Posting Adjusting Entries Part 1 – Accounting for a Service Business Chapter 1: Introduction to Accounting •The Purpose of Accounting •The Accounting Process •Generally Accepted Accounting Principles (GAAP) •Three Types of Ownership Structures •Types of Businesses •Career Opportunities in Accounting APPENDIX – Depreciation Methods •Straight-Line Method •Sum-of-the-Years’ Digits •Double-Declining-Balance Method •Modified Accelerated Cost Recovery System Chapter 6: Financial Statements and the Closing Process •The Financial Statements •The Closing Process •Post-Closing Trial Balance •The Accounting Cycle Chapter 2: Analyzing Transactions: The Accounting Equation •The Accounting Elements •The Accounting Equation •Analyzing Business Transactions •Effect of Transactions on the Accounting Equation •Financial Statements •Overview of the Accounting Process APPENDIX – Statement of Cash Flow •Types of Business Activities •Preparing the Statement of Cash Flows Part 2 – Accounting for Cash, Payroll and Service Businesses Chapter 3: The Double-Entry Framework •The T Account •Balancing a T Account •Debits and Credits •Transaction Analysis •The Trial Balance Chapter 7: Accounting for Cash •Checking Account •Reconciling the Bank Statement •The Petty Cash Fund •The Change Fund and Cash Short and Over Chapter 4: Journalizing and Posting Transactions •Flow of Data •The Chart of Accounts •Source Documents •The General Journal •The General Ledger •Finding and Correcting Errors in the Trial Balance 1 1 COMPUTERIZED FINANCIAL ACCOUNTING Chapter 8: Payroll Accounting: Employee Earnings and Deductions •Employees and Independent Contractors •Employee Earnings and Deductions •Payroll Records •Accounting for Employee Earnings and Deductions •Payroll Record-Keeping Methods Chapter 9: Payroll Accounting: Employer Taxes and Reports •Employer Payroll Taxes •Accounting for Employer Payroll Taxes •Reporting and Payment Responsibilities •Workers’ Compensation Insurance Chapter 10: Accounting for a Professional Service Business: The Combination Journal •Accrual Basis versus Cash Basis •Accounting for a Professional Service Business •The Combination Journal •Posting from the Combination Journal •Performing End-Of-Period Work for a Professional Service Business Part 3 – Accounting for a Merchandising Business Chapter 11: Accounting for Sales and Cash Receipts •Merchandise Sales Transactions •Merchandise Sales Accounts •Journalizing and Posting Sales Cash Receipt Transactions •Schedule of Accounts Receivable Chapter 12: Accounting for Purchases and Cash Payments •Merchandise Purchases Transactions •Merchandise Purchases Accounts •Journalizing and Posting Purchases and Cash Payment Transactions •Schedule of Accounts Payable APPENDIX – The Net Price Method of Recording Purchases •Net-Price Method •Recording with the Net-Price Method Chapter 13: Special Journals •Sales Journal •Cash Receipts Journal •Purchases Journal •Cash Payments Journal Chapter 14: The Voucher System •Internal Control of Expenditures •Preparing a Voucher •Voucher Register •The Payment Process Using a Voucher System •Check Register •Returns, Allowances, and Partial Payments Chapter 15: Adjustments and the Work Sheet for a Merchandising Business •Adjustment for Merchandise Inventory •Adjustment for Unearned Revenue •Preparing a Work Sheet for a Merchandising Business •Adjusting Entries •Preparing and Journalizing Under the Perpetual Inventory System 2 2 COMPUTERIZED FINANCIAL ACCOUNTING APPENDIX – Expense Method of Accounting for Prepaid Expenses •The Expense Method •Adjusting Entries Under the Expense Method •Assigning Cost to Inventory & Cost of Goods Sold •Estimating Ending Inventory & Cost of Goods Sold Chapter 16: Financial Statements and Year-End Accounting for a Merchandising Business •The Income Statement •The Statement of Owner’s Equity •The Balance Sheet •Financial Statement Analysis •Closing Entries •Reversing Entries APPENDIX – Perpetual Inventory Method: LIFO and Moving-Average Methods •Perpetual LIFO •Perpetual Moving Average Chapter 20: Accounting for Long-Term Assets •Acquisition Cost of Property, Plant, and Equipment •Depreciation •Depreciation Methods •Repairs, Maintenance, Additions, and Improvements to Plant and Equipment •Disposal of Plant Assets •Natural Resources •Intangible Assets Part 4 – Specialized Accounting Procedures for Merchandising Businesses and Partnerships Chapter 17: Accounting for Accounts Receivable •Allowance Method •Estimating and Writing Off Uncollectibles •Direct Write-off Method Chapter 21: Accounting for Partnerships •Partnership Formation •Partner Compensation and the Allocation of Net Income •Statements for Partnerships •Dissolution of a Partnership •Liquidation of a Partnership Chapter 18: Accounting for Notes and Interest •The Promissory Note •Calculating Interest and Determining Due Date •Accounting for Notes Receivable Transactions •Accounting for Notes Payable Transactions Chapter 19: Accounting for Merchandise Inventory •The Impact of Merchandise Inventory on Financial Statements •Types of Inventory Systems: Periodic and Perpetual 3 3 COMPUTERIZED FINANCIAL ACCOUNTING TEXTBOOK: Accounting Workbook for QuickBooks (With accompanying QuickBooks Pro Data Files) Section 1 Installing the QuickBooks Data Files Section 2 Entries for the Non-Accountant/Instructions for Solving Selected Problems Using QuickBooks Software Chapters 2-3 Section 3, Part 1 Instructions for Solving Selected Problems Using QuickBooks Software Chapters 4-16 Section 3, Part 2 Instructions for Solving Selected Problems Using QuickBooks Software Special Journals Chapters 11-12 Section 3, Part 3 Instructions for Solving Selected Problems Using QuickBooks Software Chapters 17-21 Section 4 Setting Up a New Company Section 5 Solutions to the Demonstration Problems 4 4