Prepares the learner to compare the cost accounting environment with other accounting environments, identify production costs, analyze production components of accounting reports, analyze production flows, classify production costs as direct, indirect and fixed, variable, or mixed, apply cost assignment methods, process production costs using job order costing and process costing, allocate departmental overhead.
Introduces basic accounting concepts, set up and management of QuickBooks Online company files. The learner will navigate through the software by setting up users, entering beginning balances, and creating inventory items. Introduces customers and vendors by entering and paying bills, writing checks, creating invoices and sales receipts. Demonstrates achievement by producing financial reports.
Expands on the learner's ability to set up and manage a company chart of accounts, record purchases and process sales in QuickBooks Online. Learners will manage customer, vendor and employee records. Learners will expand upon their base knowledge of QuickBooks Online by performing investing and financing activities, payroll, budgets and banking activities. The learner will enter adjusting entries, produce financial statements and other year-end reports to close the books at year-end. Through a simulation project, the learner will check for reporting accuracy and correct common mistakes to ensure accurate financial reporting through the use of an Accounting Information System.
Prepares the learner to analyze financial performance from a managerial perspective. Learners will examine capital budget investments, compare capital structures, prepare a master budget, prepare standard costs, develop a working capital management strategy, and explore implementing sustainability into business practices.
Introduces various payroll laws, payroll accounting systems, and procedures. Emphasizes applying payroll laws and regulations, computing wages, salaries, and payroll tax liabilities, preparing payroll reports and maintaining payroll records. Learners prepare, W-2s, W-3s, Form 941, and Form 940. Explores state tax laws.