AC 235 - Computerized Accounting

3 Credits

Outline Effective Date 2025 Winter
20 (2024-2025)

Lecture Hours: 48
Course Description:
This is an introductory course in computerized accounting. The student gains experience using QuickBooks Online and through it a basic knowledge of a cloud-based accounting software system. The modules of the software to be explored include the General Ledger, Accounts Receivable, Accounts Payable, Payroll, Inventory & Services, and Project.

Rationale:
This is a required course for the Accounting Technician Certificate program and the Accounting major of the Business Administration Diploma program. This course can be used as an elective for the other Business programs.

A critical component of a business’ information system is their financial reporting system. Due to the relatively low cost of computerization and the need for business to have timely, accurate financial information to be successful, businesses see the value of having their accounting records on computer. Students who work in financial services, particularly public accounting, must therefore have the background in this area to assist their clients. The purpose of this course is to provide the student with the basic knowledge required to operate QuickBooks Online.

Prerequisites: AC 130
Corequisites: None

Course Learning Outcomes:
Upon successful completion of this course, students will be able to:

Operate the General Ledger, Accounts Receivable, Accounts Payable, Payroll, Inventory & Services and Project modules of QuickBooks Online.
Plan and design a simple automated system of accounting records.

Required Resource Materials:
Labatte, Jennifer (2023) QuickBooks Online: A guide for Canadian small business. (2^nd ed).

Northrose Educational Resources.

Optional Resource Materials:

Handouts and start-up files as applicable.

Conduct of Course:
This course is spent entirely in the lab. The course consists of a combination of demonstrations and lab activities during each class meeting. The course takes a “hands-on” approach to learning.

Students’ progress through the units and their levels of mastery vary according to their experience, aptitude, and computer time available outside of class. Students are therefore encouraged to proceed at their own speed and level while the instructor maintains a minimum pace and mastery level to enable most if not all students to successfully complete the course within the allocated time.

Regular attendance is essential for success in any course. Absence for any reason does not relieve a student of the responsibility of completing course work and assignments to the satisfaction of the instructor. Poor attendance may result in the termination of a student from a course(s).

The instructor will recommend that the Registrar withdraw any student who does not meet the established attendance requirements. A failing grade of RW (Required to Withdraw) will appear on the student’s transcript.

In cases of repeated absences due to illness, the student may be requested to submit a medical certificate.

Instructors have the authority to require attendance at classes.

Content of Course:

1	QuickBooks Online and Accounting Basis
2	New Company Set-up
3	Suppliers and Accounts Payable
4	Customer and Accounts Receivable
5	Inventory & Product Service Lists
6	Period-End Procedures and Customization of Files
7	Banking and Reconciliations
8	Setting Up Payroll
9	Managing Payroll
10	Creating Projects and Tracking Time

Course Assessments:

Students are tested on materials from readings, hand-outs, and assigned problems.

A final grade is determined in the following manner:

Assignments and Quizzes	45%
Midterm Unit Project	20%
Final Unit Project	35%
Total	100%

Students must hand in at least 80% of all assignments and attempt all Unit Projects in order to receive a grade. No rewrites are offered.

Course Pass Requirements:
A minimum grade of D (50%) (1.00) is required to pass this course. Students must maintain a cumulative grade of C (GPA - Grade Point Average of 2.00) in order to qualify to graduate.