COMPUTER APPLICATIONS FOR ACCOUNTING ACC 220- Section: [Insert] [Insert other course information (optional): blended, honors] Credit Hours: 3.00 Lab Hours: 0.00 Lecture Hours: 3.00 IAI Core: IAI Majors: Semester: [Insert] Course Begins: [Insert] Course Ends: [Insert] Days: [Insert] Times: [Insert] Room: [Insert] Instructor: [Insert] Email: [Insert your @mchenry.edu email address or LMS information] Phone: [Insert] Office Hours: [Insert] Office Location: [Insert] Other Contact Information: [Insert] Website (optional): [Insert] Required Course: Textbook(s): [Insert] Supplies (if desired): [Insert] Course Description: Computerized Applications for Accounting is a practical introduction to the utilization of an integrated accounting package for microcomputers, including considerations necessary in choosing and implementing a computerized accounting system. Students learn the differences between manual and computerized accounting systems and will set up and use integrated computerized general ledger, accounts receivable, accounts payable, inventory, depreciation and payroll applications, to maintain accounting records of a business and produce financial reports including cash flow, horizontal and vertical analysis. Course prerequisite: ACC 110 or ACC 151 with a grade of C or higher. CDM 110 is highly recommended. Section Notes: [Insert if applicable] Course Objectives: At the completion of this course, the student will be able to: 1. Compare, contrast, analyze, and interpret financial statements. 2. Compare and contrast manual and computerized accounting systems. 3. Appreciate the limitations of financial statements. 4. Appreciate the articulation process in the generation of financial statements. 5. Demonstrate production of summary financial statements through a computerized general ledger program, including balance sheets, income statements, statement of retained earnings and statement of cash flows. 6. Demonstrate the recording of common business transactions into a computerized general ledger program. 7. Demonstrate an understanding and application of basic accounting principles by entering data into a general ledger program. 8. Demonstrate a practical ability to properly record business transaction in standardized debit/credit entry format on a computerized accounting system. 9. Demonstrate the reconciliation of bank accounts. Revised 3/8/2016 Page 1 of 4 10. Demonstrate the ability to maintain and use accounts payable, accounts receivable, and payroll modules within a computerized accounting system. Course Outline I. Maintain subsidiary ledgers within a computerized accounting system A. Accounts Payable Ledgers B. Accounts Receivable Ledgers C. Payroll Ledgers D. Inventory E. Fixed Assets II. Enter data into a computerized accounting system A. Check writing B. Invoicing C. Bank Deposits D. Employee Time Records E. Inventory Purchase F. Job Costs III. Balance accounts and link to financial statements A. Bank accounts B. Investment accounts C. Inventory Accounts D. Fixed Assets Accounts IV. Prepare period end reports A. Financial Statements B. Payroll Reports C. Sales Tax Reports D. Job Costs Reports V. Determine effectiveness of Jobs A. Job Costs VI. Analyze Financial Statement Ratios A. Quick Ratio B. Current Ratio C. Debt/Equity Ratio D. Earnings Per Share E. Change from Prior Periods F. Variance to Budgeted Amounts VII. Setup A. Chart of Accounts B. Vendors C. Customers D. Employees E. Inventory F. Jobs VIII. Prepare Depreciation and Amortization Schedules Assignments and Grading Criteria [Insert. Must include the value of each project, skill, exam, etc. as it relates to the final grade.] Revised 3/8/2016 Page 2 of 4 Policies Attendance policy: [Insert] Late work/make-up policy: [Insert] Weekly Course Schedule [Insert date of each class meeting, topics to be covered, assignment due dates, testing dates, final exam date, etc. Table format below is optional.] Dates of Class Meetings Week #1 Week #2 Week #3 Week #4 Week #5 Week #6 Week #7 Week #8 Week #9 Week #10 Week #11 Week #12 Week #13 Week #14 Week #15 Week #16 Course Schedule {Tentative Activity} {Tentative Activity} {Tentative Activity} {Tentative Activity} {Tentative Activity} {Tentative Activity} {Tentative Activity} {Tentative Activity} {Tentative Activity} {Tentative Activity} {Tentative Activity} {Tentative Activity} {Tentative Activity} {Tentative Activity} {Tentative Activity} {Tentative Activity} Teaching Schedule The scheduling of the activities and teaching strategies on this syllabus, but not the objectives or content, may be altered at any time at the discretion of the instructor. Withdrawals: The last day to drop this course is [Insert date according to Important Class Dates for term https://catalog.mchenry.edu/syllabi/Pages/default.aspx]. Failure to attend class does not constitute official withdrawal. If students are considering a withdrawal, they should consult directly with the instructor and an academic advisor. Students may withdraw from a class through the Registration Office, either in person or by fax: (815) 455-3766. In their request, students should include their name, student ID number, course prefix, number and section, course title, instructor, reason for withdrawing, and their signature. Withdrawal from a course will not be accepted over the telephone. Academic Support for Special Populations Students Students with Disabilities: Revised 3/8/2016 Page 3 of 4 It is the policy and practice of McHenry County College to create inclusive learning environments. If you are a student with a disability that qualifies under the American with Disabilities Act – Amended (ADAA) and require accommodations, please contact the Access and Disability Services office for information on appropriate policies and procedures for receiving accommodations and support. Disabilities covered by ADAA may include learning, psychiatric, and physical disabilities, or chronic health disorders. Students should contact the Access and Disability Services office if they are not certain whether a medical condition/disability qualifies. To receive accommodations, students must make a formal request and must supply documentation from a qualified professional to support that request. However, you do not need to have your documentation in hand for our first meeting. Students who believe they qualify must contact the Access and Disability Services office to begin the accommodation process. All discussions remain confidential. The Access and Disability Services office is located in Room A260 in A Building in the Atrium. To schedule an appointment to speak with the manager, please call (815) 455-8766. Information about disabilities services at MCC can be found at: www.mchenry.edu/access Students in Career/Technical Programs As a student enrolled in a career or technical education program at McHenry County College, you may be eligible for services and assistance under the Carl D. Perkins III Grant. Grant funds are used, in part, to assist students who are at risk of not succeeding in their educational pursuits. The traits that often prevent students from succeeding are: economic disadvantage, academic disadvantage, disability/disabilities, single parent, displaced homemaker, enrollment in a program in which their gender is under represented, and limited English proficiency (LEP). The definitions of each trait are available in the Access and Disability Services office. Students with one or more of these traits are referred to as Perkins Special Populations Students. If you would like to know if you are eligible for services at any time during the semester, please do not hesitate to contact the Manager, Access and Disability Services. The office is Room A260, and phone number is (815) 455-8676. Additional syllabus information and resources can be found at www.mchenry.edu/syllabusinfo. STUDENTS ARE RESPONSIBLE FOR KNOWING ALL SYLLABUS INFORMATION. Revised 3/8/2016 Page 4 of 4