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Accounting Software on Every Desktop: Implications for Business Education

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Carol Yacht, Author Accounting Software on Every Desktop Use the Accounting Software that is on Every Desktop Today s Objective Carol Yacht, ... – PowerPoint PPT presentation

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Title: Accounting Software on Every Desktop: Implications for Business Education


1
Accounting Software on Every Desktop
Implications for Business Education
  • Carol Yacht, Author
  • Jerome, AZ
  • www.mhhe.com/yacht

2
Todays Objective
Use the Accounting Software that is on Every
Desktop
3
Why 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
4
Retention 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
6
2005sTop 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
7
What 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
8
Software Integration
Publisher PowerPoint
Word Processing
Word
  • Bus. Educ. courses

IE Digital tools
Business Technology Skills
Excel Access
Carol Yacht, Author
Accounting Software on Every Desktop
February 19, 2005
9
Software Integration
Accounting I
Excel
AA CYGL Peachtree QuickBooks
  • Accounting courses

Accounting II
Access
Great Plains MAS 90 200
Carol Yacht, Author
Accounting Software on Every Desktop
February 19, 2005
10
Accounting 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
12
General Ledger Software Design
Carol Yacht, Author
Accounting Software on Every Desktop
February 19, 2005
13
General Ledger System
Carol Yacht, Author
Accounting Software on Every Desktop
February 19, 2005
14
Market Share QuickBooks/Peachtree/Other
Accounting Technology, December 2002
Carol Yacht, Author
Accounting Software on Every Desktop
February 19, 2005
15
Peachtree/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
16
Peachtree 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
17
Application 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/
18
Using 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
19
Excel balance sheet
Carol Yacht, Author
Accounting Software on Every Desktop
February 19, 2005
20
Excel income statement
Carol Yacht, Author
Accounting Software on Every Desktop
February 19, 2005
21
Questions?
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