Table Of Content

Fall 2014 ACC 110 Introduction to Computerized Accounting-- QuickBooks COURSE OUTLINE Prerequisites: None Course Description: Introduces the computer in solving accounting problems. Focuses on the operation of computers. Presents the accounting cycle and financial statement preparation in a computerized system and other applications for financial and managerial accounting. This course presents beginning accounting in a practical manner so that it can be used in a small business using QuickBooks 2013. The course will cover all types of business organizations, setting up a business, financial statements, invoices, paying bills, checking accounts, and bank reconciliations within QuickBooks 2013. This course is a Pass/Fail course with no tests. Participation is required in all three sessions to meet all course objectives. Each week we will be covering material that builds on the previous week. Semester Credits: 1 Lecture Hours: 1 Lab/Recitation Hours: 0 VIRGINIA WESTERN COMMUNITY COLLEGE PO Box 14007 Roanoke, VA 24038 (540)-857-7273 Acc 110 Introduction to Computerized Accounting--QuickBooks Course Outcomes At the completion of this course, the student should be able to: Set up a new company in QuickBooks using the Easy Step Interview Customize QuickBooks Preferences for a company Identify which accounts are balance sheet accounts and which are Income Statement accounts Add, Edit, and Merge accounts to the Chart of Accounts for a company and specify they type of account used Add, Edit, and Manage customers, vendors and employees for a company Use Lists , Forms, and Registers to record and edit transactions for a company Enter transactions using Cash and reconcile the Bank Account for a company Enter sales transactions for cash sales and sales on account Show cash receipts when accounts are paid and make deposits Enter purchase transactions for a company VIRGINIA WESTERN COMMUNITY COLLEGE PO Box 14007 Roanoke, VA 24038 (540)-857-7273 Acc 110 Introduction to Computerized Accounting--QuickBooks Required Materials: None Textbook: None The following supplemental materials are available: None VIRGINIA WESTERN COMMUNITY COLLEGE PO Box 14007 Roanoke, VA 24038 (540)-857-7273 Acc 110 Introduction to Computerized Accounting--QuickBooks Topical Description: Class Topics 1 Setup new company, modify chart of accounts, edit, delete, add new and hide accounts 2 Add customers, job, and vendors; Open and use registers for any QuickBooks Balance sheet account and reconcile bank statements. Invoice customers, receive payments, and make bank deposits. 3 Enter bills, pay bills, and write checks. Analyze financial data and reports. VIRGINIA WESTERN COMMUNITY COLLEGE PO Box 14007 Roanoke, VA 24038 (540)-857-7273 Acc 110 Introduction to Computerized Accounting--QuickBooks Notes to Instructors 1. This course is a Pass/Fail course with no tests. Participation is required in all three sessions to meet all course objectives. Each week we will be covering material that builds on the previous week. 2. After completion of Acc 110, it can be suggested to students to register for more hands-on practical application of the software by enrolling in Acc 195 Intermediate QuickBooks and then Acc 295 Advanced QuickBooks. In addition, Acc 215 Computerized Accounting-QuickBooks (3 cr) is a 16 week hybrid course which is taught in the Spring semester and a prerequisite or a corequisite of Acc 211 or equivalent. 3. If students have an interest in learning more about Microsoft Excel, instructors should suggest ITE 140 Spreadsheet Software. VIRGINIA WESTERN COMMUNITY COLLEGE PO Box 14007 Roanoke, VA 24038 (540)-857-7273 Fall 2014 ACC 124 Payroll Accounting I COURSE OUTLINE Prerequisites: None Course Description: Presents accounting systems and methods used in computing and recording payroll to include payroll taxes and compliance with federal and state legislation. Semester Credits: 3 Lecture Hours: 3 Lab/Recitation Hours: 0 VIRGINIA WESTERN COMMUNITY COLLEGE PO Box 14007 Roanoke, VA 24038 (540)-857-7273 ACC 124 Payroll Accounting I Course Outcomes At the completion of this course, the student should be able to: 1. Identify the various laws that affect employers in their payroll operations. 2. Explain the recordkeeping requirements of these laws. 3. Explain the importance of a thorough recordkeeping system. 4. Describe the employment procedures generally followed in a Human Resources Department. 5. Recognize the various personnel records used by businesses and know the type of information shown on each form. 6. Describe the procedures employed in a typical payroll accounting system. 7. Identify the payroll register and the employee's earnings record. 8. Explain the major provisions of the Fair Labor Standards Act. 9. Distinguish between employees' principal activities and their preliminary and postliminary activities. 10. Perform payroll computations. 11. Describe how wages are paid. 12. Identify, for Social Security purposes, those persons covered under the law and those services that make up employment. 13. Identify the types of compensation that are defined as wages. 14. Apply the car tax rates and wage base FICA and SECA purposes. 15. Explain the importance of obtaining incorrectly using the Employer's Indemnification Number and the Employee's Social Security Number. 16. Describe the different procedures for depositing FICA taxes and income taxes withheld from employees' wages. 17. Complete payroll tax forms. 18. Explain the types of withholding allowances that may be claimed by employees for income tax withholding purposes. 19. Explain the purpose of Form W-4 and list the proper procedures for using the information contained on the form. 20. Compute the amount of federal income tax to be withheld. 21. Explain how employees may receive Advanced Earned Income Credit. 22. Complete Form W-2 and become familiar with other wage impact statements. 23. Describe the major types of information returns. 24. Explain the impact of state and local income taxes on the payroll accounting process. 25. Describe the basic requirements for an individual be classified as employer or an employee under the Federal Unemployment Tax Act. 26. Describe the factors considered in determining the coverage of interstate employees. 27. Compute the federal unemployment tax and credit. 28. Complete unemployment tax reports. 29. Describe the factors to determine eligibility for unemployment compensation benefits. 30. Record payroll and payroll register and post employees' earnings record. 31. Journal last entry to record the payroll, payroll taxes, and payment of payroll-related information from the payroll entries. 32. Explain the payment and recording of payroll tax deposits. 33. Understand the need for end-of-period adjustments. 34. Identify the general ledger accounts used to record payroll transactions. VIRGINIA WESTERN COMMUNITY COLLEGE PO Box 14007 Roanoke, VA 24038 (540)-857-7273 ACC 124 Payroll Accounting I Required Materials: Textbook: Payroll Accounting (2014 edition) by Bernard J. Bieg. Topical Description: Topics covered in course: Chapter 1: The Need for Payroll and Personnel Records Chapter 2: Computing Wages and Salaries Chapter 3: Social Security Taxes Chapter 4: Income Tax Withholding Chapter 5: Unemployment Compensation Taxes Chapter 6: Analyzing and Journalizing Payroll Transactions Chapter 7: Payroll Project Notes to Instructors (List information about optional topics, departmental exams, etc) 1. Comprehensive assessment is given (comprehensive payroll project). VIRGINIA WESTERN COMMUNITY COLLEGE PO Box 14007 Roanoke, VA 24038 (540)-857-7273 Fall 2014 ACC 211 Principles of Accounting I COURSE OUTLINE Prerequisites: Math and Algebra or the equivalent proficiency Course Description: An introduction to accounting principles with respect to financial reporting. Demonstrates how decision makers use accounting information for reporting purposes. There is a focus on the preparation of accounting information and its use in the operation of organizations, as well as methods of analysis and interpretation of accounting information. Semester Credits: 4 Lecture Hours: 4 Lab/Recitation Hours: 0 VIRGINIA WESTERN COMMUNITY COLLEGE PO Box 14007 Roanoke, VA 24038 (540)-857-7273 ACC 211 Principles of Accounting I Course Outcomes At the completion of this course, the student should be able to: 1. Understand how accounting is used in business. 2. Analyze and record business transactions. 3. Adjust accounts and prepare financial statements. 4. Complete the accounting cycle. 5. Prepare a classified balance sheet. 6. Account for merchandising operations. 7. Calculate ending inventory and cost of sales. 8. Understand the role of accounting information systems, subsidiary ledgers and special journals. 9. Account for cash. 10. Understand the role of internal control systems. 11. Accounting for receivables. 12. Account for the acquisition, depreciation and disposal of plant assets. 13. Account for current liabilities and payroll accounting. VIRGINIA WESTERN COMMUNITY COLLEGE PO Box 14007 Roanoke, VA 24038 (540)-857-7273