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Main · Arts and Sciences · Business and Economics Dept

Accounting with Quickbooks
ACCG-161

  • Spring 2021
  • Section 50875
  • 2 Credits
  • 03/16/2021 to 05/10/2021
  • Modified 03/12/2021

Description

Students will have hands-on experience in setting up an accounting system for a new or existing company using the QuickBooks general ledger accounting software. Students also will learn how to perform numerous types of accounting procedures using QuickBooks. (F,Sp)

Requisites

Prerequisite Courses: None
Placement Scores: Reading Level 4 and Math Level 4
Recommended: ACCG 100 or equivalent course coursework or equivalent work experience

Contact Hours

Lecture

 32

Lab

0

Other

0

Total Hrs

32

Student Learning Outcomes

Upon successful completion of this course, students should be able to:

  1. Set up an accounting system for a new company or an existing company in the QuickBooks general ledger software, including setting up the chart of accounts, employee list, vendor list and customer list.
  2. Write checks, use bank account registers, and reconcile the bank account.
  3. Enter sales information, including using sales forms, using multiple price level and processing sales orders.
  4. Record customer payments and prepare deposits.
  5. Enter and pay bills.
  6. Analyze financial data by creating reports and graphs.
  7. Set up inventory, including ordering inventory, entering products into inventory, receiving inventory and recording the bill.
  8. Track and pay sales tax, including setting up the tax rates and agencies and determining what amounts are owed.
  9. Write payroll checks, track tax liabilities and write checks to pay taxing agencies.
  10. Write estimates, create invoices from estimates, and update job status.
  11. Track time in order to invoice customers for time and mileage
  12. Customize forms and write QuickBooks letters.

 

Materials

Computer Accounting with QuickBooks Online: Cloud Based Approach

  • Author: Carol Yacht and Matthew Lowenkron
  • Publisher: McGraw-Hill Custom
  • Edition: 3rd 21
  • ISBN: 978-1-264-31443-0

You need the third edition of the textbook.  The second edition will not work.

Evaluation

Student Electronic Access to Grades

D2L is the College’s Course Management System which includes a gradebook function allowing students access to their grades in order to receive timely and meaningful feedback on their progress in the course at any time. These grades will align with the Evaluation Criteria listed in this syllabus. D2L is accessed through the MyLCC page.

Whenever practicable, results for graded items should be posted electronically within 48 hours after the instructor has completed the grading process for the items, and final grades for the course should be entered no later than the specified grading day.

Criteria

Types of evaluations and related weights
Type Weight Topic Notes
Quizzes 100 points (4%)

Try to read the "Start Here" material in D2L, the syllabus and the preface to the textbook during the first two days of class.  Then take the Intro Quiz (40 points) which is over the information covered in that material.  I will need to drop any student who does not complete the Intro quiz by the end of second week of class.  The link to the quiz will be found in the D2L Start Here module.  It is has 20 questions and no time limit. 

There is a second quiz (60 points) to be completed in Week#7.  It is a matching quiz that replicates Exercise 7-1 and is taken in D2L.  The link to the Ex 7-1 Quiz will be found in the D2L Chapter 7 module.  It is has a 30 minute time limit. 

Projects 900 points (90%)

We will cover the first 8 chapters in this course.  There are two exercises at the end of each chapter.  Each chapter will walk you through various procedures.  Exercise 1 at the end of each chapter usually has additional tasks for you to complete similar to those covered in depth in the chapter.  (Exercise 1 for Chapter 7 is recreated as a matching quiz to be taken in D2L).   These tasks add to the work you have already completed in the chapter. You need to do both the chapter work and Exercise 1 for each of the 8 chapters that we cover.  Exercise 2 directs you to export various reports from QuickBooks to Excel or to a pdf format.  The reports need to be submitted in a format that I can access.  I cannot open files saved in a Mac version.  You will be graded on those reports.  Starting with Chapter 3, each chapter adds to work done in previous chapters so you need to complete the chapters in sequence.  Part of your grade will require reading feedback given in D2L for a graded assignment, and correcting any mistakes so that the next submitted chapter assignment is free from previous errors.  A grading rubrics will be provided in each D2L chapter module.  The reports you submit will summarize the work you have done through the chapter and in Exercise 1.  These files are submitted to a D2L Assignment drop box.  The link to the Assignment drop box will be provided in the D2L chapter module.  You can earn 120 points for each chapter except for chapter 7 work which is worth 60 points.  I will need to drop any student who has not submitted the Chapter 1 assignment by the end of the second week of the semester. 

Breakdown

 

College Standard

 

 

 

College Grading Standards

Recommended Guidelines for Student Grades

4.0  --- Excellent

4.0     ---     91 – 100%

3.5  --- ---------

3.5     ---     86 – 90%

3.0  --- Good

3.0     ---     81 – 85%

2.5  --- ---------

2.5     ---     76 – 80%

2.0  --- Satisfactory

2.0     ---     71 – 75%

1.5  --- ---------

1.5     ---     66 – 70%

1.0  --- Poor

1.0     ---     60 – 65%

0.0  --- --------

0.0     ---       0 – 59%

Course Policies

Class Attendance/Participation

Other

Extra Credit

There is no Extra credit available in this course. 

Institutional Policies

Academic Success Coaches

At Lansing Community College, student success is our top priority.  Our Academic Success Coaches mentor students to help them meet their educational, personal and career goals.  LCC faculty or staff may refer you to an Academic Success Coach if they recognize that mentoring or assistance may be helpful to you. Please monitor your LCC email for referral notifications.  Your participation in academic success coaching is voluntary.

In addition, we encourage you to contact an Academic Success Coach on your own if you need help, guidance or assistance to reach your goals.  To contact an Academic Success Coach, call (517) 483-1422, email [email protected], or visit the Academic Success Coaching Team website for more information.

Disability Statement

Students with disabilities who believe that they may need accommodations in this class are encouraged to contact the Center for Student Access, Gannon Building, Star Zone - Center for Student Support, via the Center for Student Access website, or by calling (517) 483-5323 as soon as possible to better ensure that such accommodations are implemented in a timely fashion.

Enrollment Verification

Class attendance and participation are essential to student success. Instructors will update class rosters by the 8th day after the start date of sections less than 8 weeks long, and by the 15th day after the start date of sections 8 weeks or longer to accurately reflect student enrollment in each course. Students who have not attended by these dates may be administratively dropped and responsible for any required tuition and fee charges.

Nondiscrimination Statement

Lansing Community College is committed to providing equal employment opportunities and equal education for all persons regardless of race, color, sex, age, religion, national origin, creed, ancestry, height, weight, sexual orientation, gender identity, gender expression, disability, familial status, marital status, military status, veteran’s status, or other status as protected by law, or genetic information that is unrelated to the person’s ability to perform the duties of a particular job or position or that is unrelated to the person’s ability to participate in educational programs, courses services or activities offered by the college.

The following individuals have been designated to handle inquiries regarding the nondiscrimination policies: Equal Opportunity Officer, Washington Court Place, 309 N. Washington Square Lansing, MI 48933, 517-483-1730; Employee Coordinator 504/ADA, Administration Building, 610 N. Capitol Ave. Lansing, MI 48933, 517-483-1875; Student Coordinator 504/ADA, Gannon Building, 411 N. Grand Ave. Lansing, MI 48933, 517-483-1885; Sarah Velez, Human Resource Manager/Title IX Coordinator, Administration Building, 610 N. Capitol Ave. Lansing, MI 48933, 517-483-1874; Christine Thompson, Student Title IX Coordinator, Gannon Building, 411 N. Grand Ave. Lansing, MI 48933, 517-483-1261.

Student Code of Conduct and General Rules and Guidelines

LCC supports a positive learning environment that provides opportunities for student success. The College recognizes the value and importance of a safe and orderly learning environment that encourages honesty, integrity, and ethical conduct. The Student Code of Conduct and General Rules and Guidelines ensure the protection of student rights and the health and safety of the College community, as well as aid in the efficient operation of College programs. In addition, the College has established procedures for addressing reports of alleged violations.                 

It is the responsibility of the student to be familiar with, and abide by, the Student Code of Conduct, as well as the General Rules and Guidelines. Furthermore, the instructor may establish reasonable guidelines within the classroom environment. Violations of the Student Code of Conduct and General Rules and Guidelines may be reported to the Office of Student Compliance.

Transfer Potential

For transfer information, please consult the LCC Transfer webpage.  In addition, the Michigan Transfer Network website allows students the ability to search courses and discover how those courses transfer to colleges and universities statewide.

The Michigan Transfer Agreement (MTA) simplifies the transfer of students from one Michigan institution to another. For the most current information, see the LCC General Education webpage.

For additional transfer information contact the Academic Advising Center in the Gannon Building - Star Zone, (517) 483-1904.

Compliance with COVID-19 Safety Precautions

All students, employees and visitors have a part to play in keeping the LCC community safe.  Everyone entering campus is required to adhere to the safety measures as outlined on the Spring Refresh 2021 webpage. Reports of noncompliance will be submitted to the Student Compliance Office for appropriate action.  Students with questions or concerns should email [email protected].

Media Release Statement

Photographs, pictures, slides, movies, video, or other media coverage of students may be taken for College-related business, in connection with their enrollment or participation in LCC activities without compensation from LCC, its Trustees, officers, directors, employees, students and agents of each of them, and photographs, pictures, slides, movies, video, or other media coverage of students may be used for any legal purposes.

Additional Items

Detailed Outline of Course Content and Sequencing

Course content in sequence by week:

  1. Introduction and setting up QuickBooks.
  2. Working with lists.
  3. Working with bank accounts.
  4. Working with other accounts.
  5. Entering sales information.
  6. Receiving payments and making deposits.
  7. Entering and paying bills.
  8. Analyzing financial data.
  9. Setting up inventory.
  10. Tracking and paying sales tax.
  11. Doing payroll with QuickBooks.
  12. Estimating and progress invoicing.
  13. Tracking time.
  14. Customizing forms and writing QuickBooks letters.
  15. Accounting Project: Setting up a company in QuickBooks.
  16. Accounting Project: Enter transaction in company books, complete the accounting cycle, and analyze the company performance.