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Integrating Technology into the Accounting Curriculum using QuickBooks Pro!

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Integrating Technology into the Accounting Curriculum using QuickBooks Pro! Managing your Business Transactions Implement Accounting Cycle Enter Transactions – PowerPoint PPT presentation

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Title: Integrating Technology into the Accounting Curriculum using QuickBooks Pro!


1
Integrating Technology into the Accounting
Curriculum using QuickBooks Pro!
Managing your Business Transactions Implement
Accounting Cycle Enter Transactions Generate
Reports
2
Connection to NBEA CBEA Accounting Standards
  • Content Standard 1 Accounting
  • Students will complete the accounting recording
    cycle and be able to prepare basic financial
    statements according to generally accepted
    accounting principles for various forms of
    business.
  • Content Standard 2 Accounting
  • Students will interpret and analyze basic
    financial statements as used by stockholders,
    creditors, and other users of financial
    information.
  • Content Standard 3 Accounting
  • Students will use planning and control techniques
    to be able to evaluate the performance of an
    organization.
  • Content Standard 4 Accounting
  • Students will apply appropriate accounting
    principles and procedures to selected special
    topics such as merchandising activities,
    inventories, and plant and intangible assets.

3
Experiential LearningConstructivist
Instructional Methodology
  • Recognized as an effective approach to computer
    software training.
  • Based on theories of educator John Dewey, the
    constructivist approach is student-directed using
    realistic, practical applications to aid learners
    in constructing a deeper understanding with
    improved retention.1
  • 1R.Cwiklik, Dewey Wins! If the New Teaching
    Methods Pushed by High-Tech Gurus Sound Familiar,
    It Isnt Surprising, The Wall Street Journal,
    (November 17, 1997), R19.

4
Why QuickBooks?
  • Chart of Accounts
  • Assets, Liabilities, and Equity
  • Cash Basis record income when money is received
    and expenses when bills are paid track expenses
    at the time you pay, rather that at the time you
    receive the bill.
  • Accrual Basis record income at the time of
    sale, not at the time your receive the payment
    enter expenses when you receive the bill not when
    you pay it.
  • Measuring Profitability
  • Balance Sheet
  • Profit and Loss Statement
  • Statement of Cash Flow
  • Banking
  • Checking Accounts, Check Register
  • Making Deposits, writing checks, reconciling bank
    statements

5
Why QuickBooks?
  • Customers Sales
  • Record customer transactions
  • Create Invoices, Record Sales
  • Record Customer Payments and Print Reports
  • Vendors, Purchases, and Inventory
  • Record vendor transactions
  • Create Purchase Orders
  • Enter and Pay bills
  • Print Vendor Reports
  • Employees and Payroll
  • Process Payroll
  • Reports Graphs
  • Complete Accounting Cycle by creating Trial
    Balance and entering adjusting entries
  • Export Reports to Excel

6
QuickBooks Pro Right for Your Business Right
for Your Students
  • Creating a Service vs. Merchandising Business
  • EasyStep Interview Process
  • Advanced Topics
  • Estimates, Credit Card Sales
  • Accounting for Bad Debts
  • Audit Trials

7
Numerous Clients - Security
8
Dashboard Reports
Exporting Graphs - Excel
9
Report Center Sales
10
Cash Drawer Reports
11
Credit Card Payment Reports
12
Customer Reports Tracking customers data
13
Customer Orders Reports
14
Items
Inventory, assemblies, parts etc.
15
Purchasing ReportsVendor Vouchers
16
Employee Reports
17
Next Steps?
  • We have reviewed the system as it relates to real
    world scenarios textbook applications.
  • We have discussed the features that will take
    your students to the next level.
  • We have discussed the QuickBooks Pro commitment
    to student success through experiential pedagogy.
  • Where do we go from here?

18
Credits
  • South-Western Century 21 General Journal 9E
  • SW Accounting for QuickBooks Pro
  • An Accounting Simulation, SW Creating the Band
  • Glencoe Accounting Real World Applications
    Connections
  • Debra Greenier, Lewis S. Mills HS, Region 10,
    Burlington, CT 06013
  • greenierd_at_region10ct.org
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