4/24/2024 6:31:02 PM |
| Changed Course |
CATALOG INFORMATION
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Discipline and Nbr:
BBK 53.2 | Title:
QUICKBOOKS LEVEL 2 |
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Full Title:
QuickBooks Level 2 |
Last Reviewed:11/14/2022 |
Units | Course Hours per Week | | Nbr of Weeks | Course Hours Total |
Maximum | 1.50 | Lecture Scheduled | 2.00 | 17 max. | Lecture Scheduled | 34.00 |
Minimum | 1.50 | Lab Scheduled | 3.00 | 2 min. | Lab Scheduled | 51.00 |
| Contact DHR | 0 | | Contact DHR | 0 |
| Contact Total | 5.00 | | Contact Total | 85.00 |
|
| Non-contact DHR | 0 | | Non-contact DHR Total | 0 |
| Total Out of Class Hours: 68.00 | Total Student Learning Hours: 153.00 | |
Title 5 Category:
AA Degree Applicable
Grading:
Grade or P/NP
Repeatability:
00 - Two Repeats if Grade was D, F, NC, or NP
Also Listed As:
Formerly:
BBK 85.6
Catalog Description:
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Advanced applications of QuickBooks accounting software for the office professional. Topics include setting up company books, preparing journal entries, creating reports, budgeting, advanced payroll features, tracking tax information, estimating job costing, maintaining data, solving problems and year end closing procedures.
Prerequisites/Corequisites:
Recommended Preparation:
Completion of BBK 53.1 or equivalent knowledge.
Limits on Enrollment:
Schedule of Classes Information
Description:
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Advanced applications of QuickBooks accounting software for the office professional. Topics include setting up company books, preparing journal entries, creating reports, budgeting, advanced payroll features, tracking tax information, estimating job costing, maintaining data, solving problems and year-end closing procedures.
(Grade or P/NP)
Prerequisites:
Recommended:Completion of BBK 53.1 or equivalent knowledge.
Limits on Enrollment:
Transfer Credit:CSU;
Repeatability:00 - Two Repeats if Grade was D, F, NC, or NP
ARTICULATION, MAJOR, and CERTIFICATION INFORMATION
Associate Degree: | Effective: | | Inactive: | |
Area: | | |
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CSU GE: | Transfer Area | | Effective: | Inactive: |
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IGETC: | Transfer Area | | Effective: | Inactive: |
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CSU Transfer: | Transferable | Effective: | Spring 1999 | Inactive: | |
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UC Transfer: | | Effective: | | Inactive: | |
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C-ID: |
Certificate/Major Applicable:
Certificate Applicable Course
COURSE CONTENT
Outcomes and Objectives:
At the conclusion of this course, the student should be able to:
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The student will be able to:
1. Ascertain necessary data to compile a set of books for a small
business.
2. Customize and configure QuickBooks program in order to run a business.
3. Develop a business budget and prepare the necessary documents.
4. Analyze needs of a small business and prepare customized forms
including estimates and invoices as well as account for all cash
transactions.
5. Develop means of analyzing profitability and cash flow of doing
business.
6. Decide what information will be necessary for formal reports for
presentation to management, owners, lenders, and other users of
financial reports.
Topics and Scope
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1. RESEARCH DATA TO SET UP BOOKS FOR A COMPANY
A. Choose a start date
B. Determine company name and address
C. Establish state and federal identification numbers
2. ENTER DATA TO SET UP A COMPANY
A. Select a chart of accounts
B. Check account balance
C. Develop customer and vendor lists
D. Add assets and liabilities
3. USE THE GENERAL JOURNAL FOR SPECIAL TRANSACTIONS
A. Open balance of equity accounts
B. Sell an asset
C. Calculate depreciation
D. Determine payroll liabilities
4. SET UP A BUDGET
A. Budget for customer jobs
B. Budget by department or location
C. Budget for fiscal year
5. PERFORM ADVANCED PAYROLL FEATURES
A. Time tracking for payroll
B. Employee timesheets
C. Charging employee time to customer
D. Payroll expense and liability accounts
E. Add payroll items
F. W-2 tracking
G. Employee expense accounts
H. Time tracking for independent contractors
I. 1099 tracking
6. TRACKING TAX INFORMATION
A. Sales tax
B. Local taxes
7. PREPARING ESTIMATES
A. Create an estimate for job time and inventory or
products
B. Create alternative estimates for the same job
8. ANALYZE PROFITABILITY AND CASH FLOW, AND PREPARE VARIOUS
FINANCIAL REPORTS
A. Balance sheet
B. Profit and loss (income statement)
C. Cash flow statement (indirect method)
D. Comparison to prior month, quarter, year, etc.
E. Projected cash flow
F. Job estimate versus actual
G. Job profitability
H. Other reports deemed appropriate by instructor
Assignments:
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Completion of exercises including a series of simulated bookkeeping and
accounting procedures. Troubleshoot and problem solve various scenarios.
Prepare required tax forms and schedules. Develop small business reports
including profitability and cash flow reports. Final comprehensive
project such as establishing a set of books, recording various
transactions, preparing reports, and year-end closing procedures.
Methods of Evaluation/Basis of Grade.
Writing: Assessment tools that demonstrate writing skill and/or require students to select, organize and explain ideas in writing. | Writing 0 - 0% |
None | |
This is a degree applicable course but assessment tools based on writing are not included because problem solving assessments and skill demonstrations are more appropriate for this course. |
|
Problem solving: Assessment tools, other than exams, that demonstrate competence in computational or non-computational problem solving skills. | Problem Solving 20 - 50% |
Homework problems, Quizzes | |
Skill Demonstrations: All skill-based and physical demonstrations used for assessment purposes including skill performance exams. | Skill Demonstrations 20 - 50% |
Class performances, Performance exams | |
Exams: All forms of formal testing, other than skill performance exams. | Exams 10 - 30% |
Multiple choice, True/false | |
Other: Includes any assessment tools that do not logically fit into the above categories. | Other Category 10 - 20% |
Class participation. | |
Representative Textbooks and Materials:
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Get Smart With QuickBooks 2002, Technical Learning Resources, 2002
QuickBooks 2002 The Official Guide, Quicken Press, 2001.
Computerized Accounting With QuickBooks Pro 2000, Janet Horne, 2000
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