Title: Accounting%20Software%20on%20Every%20Desktop:%20Implications%20for%20Business%20Education
1Accounting Software on Every Desktop
Implications for Business Education
- Carol Yacht, Author
- Jerome, AZ
- www.mhhe.com/yacht
2Todays Objective
Use the Accounting Software that is on Every
Desktop
3Why integrate technology?
- Because there is a gap between how we teach and
what is done in the business world. - Because we need to teach students how technology
has reshaped business. - There is a 75 retention rate with hands-on
practice. - W. Steve Albrecht, Brigham Young
University Robert J. Sack, University of
Virginia study published by American Accounting
Association, 2000. http//aaahq.org/pubs/AESv16/to
c.htm
Carol Yacht, Author
Accounting Software on Every Desktop
February 19, 2005
4Retention Rates Learning Pyramid
National Training Labs, Institute for Applied
Behavioral Science Bethel, Maine
Carol Yacht, Author
Accounting Software on Every Desktop
February 19, 2005
5- What are the Critical Technology Skills?
- Windows
- Internet
- Email
- Word processing
- Spreadsheet
- Database
- Presentation
- Accounting software
Carol Yacht, Author
Accounting Software on Every Desktop
February 19, 2005
62005sTop Technology Issues
- Paperless Office
- Radio Frequency Identification (RFID)
- www.microsoft.com/BusinessSolutions/scm_chip.aspx
- Integration of Web-based activities
- Data mining and business intelligence
- Voice over Internet Protocol (VOIP)
- Viruses and Internet Security
- Document management techniques
-
- Accounting Technology magazine
www.webcpa.com/article.cfm?articleid9497pgaccte
ch
Carol Yacht, Author
Accounting Software on Every Desktop
February 19, 2005
7What software does business use?
- Microsoft Office Suite
- Word
- Excel
- Outlook, PowerPoint, Publisher, Access
- Internet Explorer
- Small Business Accounting
- www.microsoft.com/office/editions/prodinfo/smallb
usiness/accounting/default.mspx - Accounting Quicken, Peachtree, QuickBooks,
Microsoft Business Solutions-Great Plains,
ACCPAC, Simply Accounting.
Carol Yacht, Author
Accounting Software on Every Desktop
February 19, 2005
8Software Integration
Publisher PowerPoint
Word Processing
Word
IE Digital tools
Business Technology Skills
Excel Access
Carol Yacht, Author
Accounting Software on Every Desktop
February 19, 2005
9Software Integration
Accounting I
Excel
AA CYGL Peachtree QuickBooks
Accounting II
Access
Great Plains MAS 90 200
Carol Yacht, Author
Accounting Software on Every Desktop
February 19, 2005
10Accounting Software Market
- Entry-level software Businesses with sales of up
to 5 million up to 20 employees 5 million
companies. - Small to medium business software Business with
sales of up to 100 million up to 100
employees 516,000 companies. - Small to medium enterprise software
Organizations with revenues up to 500 million
up to 500 employees 84,000 companies. - Enterprise resource planning software
Organizations with revenues exceeding 500
million up to 500 employees about 17,000
companies.
A Strategy for Finding the Right Accounting
Software, Journal of Accountancy, September 2003
www.aicpa.org/pubs/jofa/sep2003/johnston.htm
11- Form-based-- source-document screens for data
entry e.g., purchase orders sales orders
checks. - Cash transactions and bank reconciliation.
- Customer and Vendor transactions .
- Numerous reports including financial statements.
- Payroll accounting option (fee-based service).
Carol Yacht, Author
Accounting Software on Every Desktop
February 19, 2005
12General Ledger Software Design
Carol Yacht, Author
Accounting Software on Every Desktop
February 19, 2005
13General Ledger System
Carol Yacht, Author
Accounting Software on Every Desktop
February 19, 2005
14Market Share QuickBooks/Peachtree/Other
Accounting Technology, December 2002
Carol Yacht, Author
Accounting Software on Every Desktop
February 19, 2005
15Peachtree/QuickBooks Pros Cons
- Peachtree reinforces traditional accounting.
- QuickBooks does not follow the debit/credit
paradigm. - Peachtree is double-entry accounting.
- QuickBooks is single-entry.
- Peachtree organizes records by monthly accounting
periods. - QuickBooks has one set of data for the entire
year. - Peachtree is free to schools.
- QuickBooks is purchased by schools.
Carol Yacht, Author
Accounting Software on Every Desktop
February 19, 2005
16Peachtree QuickBooks CD version
Software 2005 Educational Cost 2005 Retail Cost
Peachtree Free to schools www.peachtree.com/training/educational_partnerships.cfm 399.95
QuickBooks Educational pricing 259 - 599 www.intuitadvisor.com/education 199.95 to 1,499.95
17Application Service Providers Web delivered
ASP 2005 Retail Cost Free Trial Period
ePeachtree 14.99/month 30 days www.peachtree.com/epeachtree
QB Online Edition 19.95/month 30 days http//oe.quickbooks.com/
18Using Spreadsheets in Accounting
- In a spreadsheet accounting course, students
apply accounting procedures to Excel. Topics
include - Excel tutorial - learn basic spreadsheet
elements, such as how to move around, enter data,
save, format, use page setup and print. - Accounting projects - use Excel templates to
manipulate accounting data analyze spreadsheets.
Reinforce financial and managerial accounting
concepts. - Model building - build spreadsheets from
scratch. For example, payroll, depreciation,
amortization schedules. - Case problems - advanced model-building projects.
-
Carol Yacht, Author
Accounting Software on Every Desktop
February 19, 2005
19Excel balance sheet
Carol Yacht, Author
Accounting Software on Every Desktop
February 19, 2005
20Excel income statement
Carol Yacht, Author
Accounting Software on Every Desktop
February 19, 2005
21Questions?