Sep 19, 2021  
2020-2021 Course Catalog 
    
2020-2021 Course Catalog [ARCHIVED CATALOG]

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ACC 315 - Sage Computerized Accounting

Credits: 3
Lecture Hours: 3
Lab Hours: 0
Practicum Hours: 0
Work Experience: 0
Course Type: Voc/Tech
Emphasizes application of Sage computerized financial software used in business. Topics include setting up a company, receivables, payables, inventory control, payroll, banking, and job costing.
Prerequisite: ACC 111   with a C or better, or ACC 131  with a C or better.
Competencies
  1. Navigate the tools available in the Sage software package
    1. Use the Sage window, navigation aids toolbar, and menu bar
    2. Apply the help feature to solve problems
    3. Open, back up, and restore company files
  2. Set up a new company
    1. Create a chart of accounts
    2. Enter beginning account balances
    3. Create and edit functions
    4. Print chart of accounts and general ledger
  3. Complete transactions for a cash business
    1. Prepare new accounts and enter beginning balances for a simple cash business
    2. Record transactions in the general journal
    3. Edit selected transactions in the general journal
    4. Print the general journal and financial statements
    5. Apply the use of general journal toolbar, edit function, and delete function
    6. Apply the recurring and memorized transactions functions
    7. Report filter and print procedures
  4. Complete sales transactions for service business who sells on account
    1. Create subsidiary ledger accounts for customers and enter the beginning balances
    2. Process accounts receivable and sales transactions
    3. Prepare action items and event logs
    4. Adjust the accounts receivable for uncollectible accounts
    5. Print reports
  5. Prepare transactions for purchases from a vendor for a service company
    1. Create subsidiary ledger accounts for vendors and enter beginning balances
    2. Process accounts payable and purchase transactions
    3. Print accounts payable reports
  6. Record and manage cash
    1. Process cash payments using the cash payments module
    2. Process cash receipts using the cash receipts module
    3. Prepare a reconciliation of the checking account
  7. Prepare necessary financial statements
    1. Journalize adjusting entries
    2. Prepare and print the financial statements
    3. Change the accounting period
    4. Use the design reports feature and text formatting
  8. Record purchases of inventory in a merchandising business.
    1. Review the two basic inventory systems
    2. Create the inventory account
    3. Establish subsidiary ledger accounts for inventory items
    4. Develop records for sales representatives
    5. Process inventory transactions
  9. Prepare transactions for sales of inventory for a merchandising business
    1. Understand inventory sales concepts
    2. Create sales tax accounts and codes
    3. Process sales transaction and create invoices
    4. Record sales orders and invoices from quotations
    5. Prepare finance charges on overdue customer balances
    6. Print inventory and sales reports
  10. Demonstrate payroll setup and transactions
    1. Understand general payroll concepts
    2. Create a payroll system using Setup Wizard
    3. Maintain the payroll system
    4. Prepare a payroll and print payroll checks
    5. Print payroll reports
  11. Apply job costing system to purchases, payroll, and sales.
    1. Discuss the general concepts of job costing
    2. Set up a project for job costing
    3. Create phase codes and cost codes and enter data
    4. Use job costing to record purchases, payroll, and sales
    5. Create and print job cost reports
  12. Set up a company for a corporation or partnership
    1. Review the concepts of partnerships and corporations
    2. Prepare partnership accounts and enter transactions
    3. Close the fiscal year
    4. Prepare corporate accounts and enter corporate transactions
    5. Print partnership and corporate reports
  13. Complete a capstone project
    1. Set up a company set of books based on data provided
    2. Create a chart of accounts
    3. Create lists for customers vendors, inventory items and enter beginning balances
    4. Create payroll defaults and enter employees
    5. Record transactions
    6. Prepare appropriate reports
    7. Make all adjustments and prepare a bank reconciliation



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