SRJC Course Outlines

7/22/2024 11:03:50 PMBBK 50 Course Outline as of Fall 2023

Changed Course
CATALOG INFORMATION

Discipline and Nbr:  BBK 50Title:  COMPUTER BBKG & ACCTG 1  
Full Title:  Computerized Bookkeeping and Accounting 1
Last Reviewed:1/23/2023

UnitsCourse Hours per Week Nbr of WeeksCourse Hours Total
Maximum3.00Lecture Scheduled3.0017.5 max.Lecture Scheduled52.50
Minimum3.00Lab Scheduled1.006 min.Lab Scheduled17.50
 Contact DHR0 Contact DHR0
 Contact Total4.00 Contact Total70.00
 
 Non-contact DHR0 Non-contact DHR Total0

 Total Out of Class Hours:  105.00Total Student Learning Hours: 175.00 

Title 5 Category:  AA Degree Applicable
Grading:  Grade Only
Repeatability:  00 - Two Repeats if Grade was D, F, NC, or NP
Also Listed As: 
Formerly: 

Catalog Description:
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Students will learn to record business transactions in journals and ledgers, compute payroll, and prepare financial statements using both a manual and a computerized system for a sole proprietorship.

Prerequisites/Corequisites:


Recommended Preparation:
Course Completion or Concurrent Enrollment in BGN 81Course Completion or Concurrent Enrollment in BGN 81

Limits on Enrollment:

Schedule of Classes Information
Description: Untitled document
Students will learn to record business transactions in journals and ledgers, compute payroll, and prepare financial statements using both a manual and a computerized system for a sole proprietorship.
(Grade Only)

Prerequisites:
Recommended:Course Completion or Concurrent Enrollment in BGN 81Course Completion or Concurrent Enrollment in BGN 81
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:
 
CSU GE:Transfer Area Effective:Inactive:
 
IGETC:Transfer Area Effective:Inactive:
 
CSU Transfer:TransferableEffective:Fall 1981Inactive:
 
UC Transfer:Effective:Inactive:
 
C-ID:

Certificate/Major Applicable: Both Certificate and Major Applicable



COURSE CONTENT

Student Learning Outcomes:
At the conclusion of this course, the student should be able to:
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1. Classify and record transactions and generate financial statements for one accounting cycle for a sole proprietorship service business.
2. Record adjusting and payroll entries and close the books.
3. Account for merchandise inventory and cost of goods sold.
 

Objectives: Untitled document
At the conclusion of this course, the student should be able to:
1. Analyze business transactions to determine account classification in order to record in proper account.
2. Prepare essential financial statements, specifically income statement, statement of owner's equity, and balance sheet using both manual and computerized systems.
3. Recognize and interpret standard accounting terms.
4. Differentiate appropriate journals and ledgers for recording specific business transactions.
5. Identify and correct accounting errors and record adjusting entries.
6. Calculate straight line depreciation.
7. Reconcile bank statement to the general ledger cash account.
8. Calculate and record adjusting journal entries.
9. Record closing entries.
10. Differentiate between accrual versus cash basis accounting.
11. Create and replenish petty cash fund.
12. Calculate gross wages, determine deductions, and compute net wages.
13. Compute and deposit employer's and employees' payroll taxes and withholdings.
14. Account for merchandise inventory and cost of goods sold.
15. Integrate use of the computer in all phases of the accounting process.

Topics and Scope
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Lecture-Related Topics & Scope:
I. Analyzing Business Transactions: Part I
    A. Definitions of accounting terminology
    B. Career opportunities
    C. Types of accounts (general ledger accounts)
         1. Assets
         2. Liabilities
         3. Owner's equity
         4. Revenue
         5. Expenses
II. Analyzing Business Transactions: Part II
    A. Review of revenue and expense accounts
    B. Major financial statements
    C. Manual and computerized transactions
III. Recording Business Transactions
    A. T account form
    B. Debit and credit
    C. Trial balance
IV. General Journal and General Ledger
    A. Recording in the general journal
    B. Posting to the general ledger
    C. Computerized recording and posting
V. Adjustments and the Worksheet
    A. Fiscal period
    B. Worksheets
    C. Adjustments
    D. Locating and correcting errors
    E. Journalizing adjusting entries
    F. Depreciation
VI. Closing Entries and the Post Closing Trial Balance
    A. Closing entries
    B. Post closing trial balance
    C. Interim statements
    D. Review 1-cycle problem
VII. Accrual versus Cash Basis Accounting
    A. Accrual basis
    B. Cash receipts and disbursements basis
VIII. Reconcile Accounts and Cash Funds
    A. Using checking accounts
         1. Writing checks
         2. Bank statements
    B. Petty cash fund
    C. Cash short and over
IX. Payroll Accounting
     A. Employee and employer
         1. Payroll records and pay periods
         2. Employer/employee versus independent contractor relationships
         3. Laws affecting employees' pay
     B. Earnings, deductions, taxes, and reports
         1. Laws affecting employees' and employers' payroll taxes
         2. Deductions and deposits
         3. Payroll register
         4. Recording payroll entry
X. Accounting for Merchandise Inventory and Cost of Goods Sold
     A. Net delivered cost of purchases
     B. Calculating cost of goods sold
     C. Changes in inventory
XI. Computerized Accounting
     A. Manual versus computerized systems
 
Lab-Related Topics & Scope:
I. Analyzing Business Transactions: Part II - Computerized transactions
II. General Journal and General Ledger - Computerized recording and posting
III. Computerized Accounting - Use accounting software to record all transactions, generate reports, and close books

Assignments:
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Lecture-Related Assignments:
1. Homework problems  
2. Chapter quizzes and exam(s)
3. Weekly reading  
4. In-class or online discussions
 
Lab-Related Assignments:
1. Computerized problems  
2. Practice sets
3. Generate reports

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 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; practice sets; computerized lab problems; generate reports
Skill Demonstrations: All skill-based and physical demonstrations used for assessment purposes including skill performance exams.Skill Demonstrations
0 - 0%
None
Exams: All forms of formal testing, other than skill performance exams.Exams
40 - 75%
Chapter quizzes and exam(s)
Other: Includes any assessment tools that do not logically fit into the above categories.Other Category
0 - 10%
Attendance; participation; in-class or online discussions


Representative Textbooks and Materials:
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College Accounting. 16th ed.  Price, John, and Haddock, David, and Farina, Michael. McGraw Hill. 2021.
Computer Accounting with QuickBooks Online: A Cloud-Based Approach, 4th ed., Carol Yacht and Matthew Lowenron. McGraw Hill. 2023.

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