Course Outline of Record Los Medanos College 2700 East Leland Road Pittsburg CA (925)

Transcription

1 New Course OR Existing Course Instructor(s)/Author(s): Penny Wilkins Subject Area/Course No.: BUS-185 Units: 3 Course Name/Title: Computer Assisted Accounting- QuickBooks Discipline(s): Business, Accounting. Pre-Requisite(s): None Co-Requisite(s): None Advisories: BUS-018; BUS-186; and eligibility for ENGL-100 Catalog Description: A hands-on, computerized course that introduces students to computerized accounting and the QuickBooks accounting program. Includes setting up a new organization s books, recording journal entries throughout the accounting cycle; invoicing customers, tracking inventory, preparing payroll, completing bank reconciliations, generating subsidiary ledgers, creating trial balances, and preparing financial statements within a computerized system. Schedule Description: Tired of preparing accounting records manually? Want to apply your accounting knowledge within a computerized system such as QuickBooks? If so, take this course. Solidify your accounting knowledge by applying it to everyday business operations using QuickBooks software. Learn to establish computerized accounting records for an organization, use the system to prepare customer billing, maintain inventory records, pay employees, complete bank reconciliations, and produce accounting reports including period end financial statements. Hours/Mode of Instruction: Lecture 36 Lab 54 Composition Activity Total Hours 90 (Total for course) Credit Credit Degree Applicable (DA) Grading Pass/No Pass (P/NP) Repeatability 0 Credit Non-Degree (NDA) Letter (LR) 1 (If Non-Credit desired, contact Dean.) Student Choice (SC) 2 3 Last date of Assessment: Cohort #: _3 Please apply for: LMC General Education Requirement and/or Competency & Graduation Requirement(s): None Transfer to: CSU IGETC Area CSU GE Area C-ID Number Course is Baccalaureate Level: Yes No Form Revised Page 1 of 8

2 Signatures: Department Chair Librarian Dean/Sr. Dean Curriculum Committee Chair President/Designee CCCCD Approval (Board or Chancellor's Office) For Curriculum Committee Use only: STAND ALONE COURSE: YES X NO FOR OFFICE OF INSTRUCTION ONLY. DO NOT WRITE IN THE SECTION BELOW. Begin in Semester Catalog year 20 /20 Class Max: Dept. Code/Name: T.O.P.s Code: Crossover course 1/ 2: ESL Class: Yes / No DSPS Class: Yes / No Coop Work Exp: Yes / No Class Code A Liberal Arts & Sciences SAM Code A Apprenticeship Remediation Level B Basic Skills B Developmental Preparatory B Advanced Occupational NBS Not Basic Skills C Adult/Secondary Basic Education C Clearly Occupational D Personal Development/Survival D Possibly Occupational E For Substantially Handicapped E* Non-Occupational F Parenting/Family Support F Transfer, Non-Occupational G Community/Civic Development *Additional criteria needed H General and Cultural 1 One level below transfer I Career/Technical Education 2 Two levels below transfer J Workforce Preparation Enhanced 3 Three levels below transfer K Other non-credit enhanced Not eligible for enhanced Course approved by Curriculum Committee as Baccalaureate Level: _Yes / No_ LMC GE or Competency Requirement Approved by the Curriculum Committee: Distribution: Original: Office of Instruction Form Revised Page 2 of 8

3 Copies: Admissions Office, Department Chairperson Institutional Student Learning Outcomes Check the institutional student learning outcomes (or category of outcomes) below that are reflected in your course: General Education SLOs (Recommended by GE Committee) At the completion of the LMC general education program, a student will: 1. read critically and communicate effectively as a writer and speaker. 2. understand connections among disciplines and apply interdisciplinary approaches to problem solving. 3. think critically and creatively 4. consider the ethical implications inherent in knowledge, decision-making and action. 5. possess a worldview informed by diverse social, multicultural and global perspectives. (Each of the above student learning outcomes for the general education program has a written explanation with illustrations and examples of its application within courses, as well as specific assessment criteria. Consult the GE program information pages.) None Business Program-Level Student Learning Outcomes (PSLOs) 1. Be academically prepared to obtain an entry-level position in business. 2. Use critical thinking to research, analyze, and synthesize information to solve common business problems. 3. Demonstrate the strong verbal and writing skills necessary to effectively collaborate and communicate from a global perspective with diverse groups of people. 4. Apply business communication skills (written and oral) by appropriately using terminology and business language. 5. Demonstrate knowledge of the technological skills required to succeed in the modern business office and/or business environments. Course Student Learning Outcomes (CSLOs): Upon completion of the course, students will be able to: CSLO #1: Use proper accounting terminology, accounting software, and generally accepted accounting principles to analyze and record business transactions. PSLO 1, PSLO 2, PSLO 4, PSLO5 CSLO #2: Generate computerized accounting reports such as financial statements and comparative analysis reports. PSLO 1, PSLO 2, PSLO 5 CSLO #3: Assess correctness of accounting reports for use in communicating and determining an organization s financial standing. PSLO 2 Form Revised Page 3 of 8

4 Assessments Instruments: Exams: Using computerized accounting software such as QuickBooks, students will complete accounting exercises and problems. Class Exercises/ Discussions: Students will participate in class discussions and exercises to explore accounting procedures, apply GAAP principles, and utilize computerized accounting software to complete accounting entries and produce reports. Lab Work & Homework: While not used for formal CSLO or PSLO assessment, lab work and homework are completed to allow students opportunities to master content. The lab work is aimed at providing students opportunities to explore and apply concepts, measure understanding, and adjust their approach to further achieve content mastery. Assessments: The CSLOs will be assessed through the following methods: Exams Class Exercises/Discussions CSLO 1 X X CSLO 2 X CSLO 3 X CSLO #1: Use proper accounting terminology, accounting software, and generally accepted accounting principles to analyze and record business transactions. PSLO 1, PSLO 2, PSLO 4, PSLO5 Exams: Exams provide students the opportunity to understand terms and concepts. Example exam question: The July transactions of Sims Corporation are below. Analyze the business transactions, identify the accounts, and journalize the transactions in the accounting software. July 1 Paid employees $596. July 22 Received bill for equipment repairs of $980. July 29 Paid $ for a 6 month insurance policy. Coverage begins August 1. Class Exercises/ Discussions: Class activities and discussions provide students exposure to terms and the opportunity to apply concepts through exploration and discussion. Example activity/discussion question: Analyze the following transactions, discuss which accounts would be used to record the business transaction, and identify which accounting principles apply: Purchased Equipment on account. Sold goods for cash. Form Revised Page 4 of 8

5 Returned inventory. CSLO #2: Generate computerized accounting reports such as financial statements and comparative analysis reports. PSLO 1, PSLO 2, PSLO 5 Exams: Exams provide students the opportunity to understand terms and concepts. Example exam question: The accounts and information for James Incorporated are listed below. Prepare the month end financial statements for February Accounts payable $1,100 Dividends $3,000 Accounts receivable 5,400 Insurance expense 1,200 Buildings 63,000 Supplies 1,400 Cash 18,600 Notes payable 3,300 Service revenue 25,700 Rent expense 3,400 Common stock 52,000 Salaries and wages expense 12,000 Retained earnings 25,900 CSLO #3: Assess correctness of accounting reports for use in communicating and determining an organization s financial standing. PSLO 2 Exams: Exams provide students the opportunity to understand terms and concepts. Example exam question: On June 1, 2017, Three Boys Pizza Corporation was started with an initial investment in the company of $22,370 cash. Below are the account balances at June 30, 2017 and the Income statement. Review the accuracy of the income statement below, correct inaccuracies, and describe the report and organization s performance for June. Cash $ 5,270 Notes payable $13,340 Accounts receivable 4,190 Accounts payable 690 Service revenue 8,170 Supplies expense 1,010 Supplies 2,390 Maintenance expense 610 Advertising expense 400 Utilities expense 290 Equipment 26,670 Salaries and wages expense 2,070 Form Revised Page 5 of 8

6 Three Boy s Pizza Corporation Income Statement For the Month Ended June 30, 2017 Revenues Service Re $ Expenses Supplies E 1,010 Maintenan 6900 Utilities Ex 290 Salaries a 5090 Total Expenses Net Income / (Loss) 8330 $ Method of Evaluation/Grading: Class exercises/discussions 25% Exams (including final) 75% CSLO #1: Use proper accounting terminology, accounting software, and generally accepted accounting principles to analyze and record business transactions. PSLO 1, PSLO 2, PSLO 4, PSLO5 A level student work is characterized by: Students have demonstrated use of accounting and business terminology, accounting software, and generally accepted accounting principles to complete work with 90% accuracy by the due date; exams are completed on time with a score of 90% or greater. C level student work is characterized by: Students have demonstrated use of accounting and business terminology, accounting software, and generally accepted accounting principles to complete work with 70% accuracy, and exercises where students have completed the steps within 70% accuracy by the due date; exams are completed on time with a score of at least 70%. CSLO #2: Generate computerized accounting reports such as financial statements and comparative analysis reports. PSLO 1, PSLO 2, PSLO 5 A-level student work: Financial statements and reports are correctly prepared with appropriate accounts, account titles, amounts, subtotals, totals, dates, and formats at a 90% or better accuracy level. Form Revised Page 6 of 8

7 C-level student work: Financial statements and reports are prepared with at least a 70% accuracy level and with minor errors in appropriate accounts, account titles, amounts, subtotals, totals, dates, or formats. CSLO #3: Assess correctness of accounting reports for use in communicating and determining an organization s financial standing. PSLO 2 A-level student work: At least 90% of errors are identified and corrected. Financial statements and reports reflect the correct application of the basics of GAAP. Minor errors in financial reports could be present. C-level student work: Errors are identified and corrected with a at least 70% accuracy. Financial statements and reports reflect the correct application of the basics of GAAP with a 70% accuracy. Significant errors in accounting reports may be present. Course Content: 1. Introduction to QuickBooks Introduction to LMC s lab procedures and rules Starting QuickBooks, create chart of accounts, open a company QuickBooks navigators Enter opening balances (accounts, customers, and vendors) Menu commands and shortcuts Close a company with in QuickBooks Pay employees 2. Revenue and Accounts Receivable Transactions for Service Company Create invoices, credit memos, and refunds. Enter cash sales and customer payments. 3. Purchase and Accounts Payable Transactions for a Service Company & Merchandise company Enter and correct vendors invoices and credit memos Order and receive products using purchase order system Process checks 4. General Accounting and End-Of-Period for Service & Merchandise company Manage assets, liabilities, and equity accounts Prepare bank reconciliation Prepare financial statements and forecasts and close books. Customize QuickReports and budgets 5. Revenue and Accounts Receivable Transactions for Merchandising Company Create/edit invoices, credit memos, and refunds Produce customer billing statements, record payments, and make deposits 6. Master Lists Maintenance Maintain company master lists by adding new customers, vendors, accounts, or items; by editing existing fields within master files; or by deleting customers, vendors, accounts, or items. Form Revised Page 7 of 8

8 Instructional Methods: Lecture Lab Activity Problem-based Learning/Case Studies Collaborative Learning/Peer Review Demonstration/Modeling Role-Playing Discussion Computer Assisted Instruction Other (explain) Textbooks: Williams,G. (2017). Computerized accounting with QuickBooks Update. Form Revised Page 8 of 8