ACCT 240 - Computerized Accounting

5 CR

Using a mid-range accounting system, students complete all functions of a full accounting cycle. Topics include use of the general ledger, recording accounting transactions, accounts receivable, accounts payable, inventory, job costing, payroll, reporting and financial statements.

Recommended: ACCT 101 or ACCT 201.
Course Outcomes

Analyze and record financial transactions using accounting software.
Prepare the payroll for a service or a merchandising business.
Prepare revenue and payroll tax forms for state or federal government.
Describe, calculate and prepare end-of-period transactions.
Create, report, and analyze financial statements and reports using accounting software.
Analyze and discuss the effects of transactions on the fundamental accounting equation.
Complete a computerized recordkeeping system of accounting.
Discuss the use and application of ethics in computerized financial accounting.

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