Integrating Technology into the Accounting Curriculum using QuickBooks Pro!
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Transcript of 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 TransactionsImplement Accounting Cycle
Enter TransactionsGenerate Reports
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QuickBooks: Point of Sale V5
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.
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QuickBooks: Point of Sale V5
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 Isn’t Surprising,” The Wall Street Journal, (November 17, 1997), R19.
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QuickBooks: Point of Sale V5
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
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QuickBooks: Point of Sale V5
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
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QuickBooks: Point of Sale V5
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
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QuickBooks: Point of Sale V5
Numerous Clients - Security
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QuickBooks: Point of Sale V5
Dashboard Reports… Exporting Graphs - Excel
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QuickBooks: Point of Sale V5
Report Center – Sales…
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QuickBooks: Point of Sale V5
Cash Drawer Reports…
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QuickBooks: Point of Sale V5
Credit Card Payment Reports…
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QuickBooks: Point of Sale V5
Customer Reports… Tracking customer’s data
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QuickBooks: Point of Sale V5
Customer Orders Reports…
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QuickBooks: Point of Sale V5
Items… Inventory, assemblies, parts etc.
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QuickBooks: Point of Sale V5
Purchasing ReportsVendor & Vouchers…
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QuickBooks: Point of Sale V5
Employee Reports…
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QuickBooks: Point of Sale V5
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?
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QuickBooks: Point of Sale V5
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 [email protected]