Accounting Systems I
This course provides students an introduction to accounting software packages. Students will study Simply Accounting including general journal, general ledger, accounts payable, accounts receivable, payroll journal and ledger, projects, reconciliations and deposits.
ACCT 1211/1221 or BBUS 2211; Basic computer and file management skills are recommended.
Upon successful completion of this course, students will be able to do the following:
- Analyze source documents and identify transaction types
- Analyze various journals and statements to reconcile data
- Navigate in simply accounting - (enter and modify transactions, run reports, set-up and process receivables, payables, payroll,)
- Save, backup and restore Simply Accounting data files
- Create and configure company chart of accounts in a diverse group business situations
- Identify and enter specific company data
- Perform account reconciliations on a variety of accounts
- Set-up of product inventories and processing of sales and purchases of inventory using weighted averages
- Set-up and use of project accounting
- Enter new employee data and process payroll, including year-end documents
- Set-up multi-currency bank accounts and process transactions
- Maintain data integrity and internal control procedures
- Perform standard year-end procedures
- Work collaboratively within a team environment to solve problems
This 12-week course is divided into twelve lessons. Each lesson builds on the previous lessons as you increase your understanding of Simply Accounting.
- Lesson 1: Introduction to Simply Accounting
- Lesson 2: Accounts payable
- Lesson 3: Accounts receivable
- Lesson 4: Payables and receivables setup
- Lesson 5: Payroll journal and setup
- Lesson 6: Comprehensive Setup
- Lesson 7: Inventory transactions
- Lesson 8: Orders, quotes and deposits
- Lesson 9: Currencies and Remittances
- Lesson 10: Project Allocations
- Lesson 11: Reconciliations and Deposits
- Lesson 12: Comprehensive Setup
Maximum Completion14 weeks.
Required Text and Materials
Purbhoo, M. Using Sage 50 Accounting, 2013 Version Plus Text Enrichment Site -- Access Card Package. Pearson Canada, 2014.
Type: Textbook, ISBN-10: 0-13-345197-6/ ISBN-13: 978-0-13-345197-9
A computer with Internet access.
Open Learning Faculty Member Information
An Open Learning Faculty Member is available to assist students throughout the course. Primary Information communication is through Blackboard's "Mail" tool or by phone. Students will receive the necessary contact information when starting the course.
In order to complete this course successfully, students must achieve at least 50 per cent on the mandatory final project and in the overall course. Following is the weight accorded to each assessment component of the course:
|Final Project (mandatory)||25%|
It is recommended that students complete all activities and assessments to achieve the learning outcomes of the course and to prepare for the final project.