ACCT 2281: Accounting Software Systems
Students learn to maintain the financial records of a small business using an accounting software package. Topics include an introduction; accounts payable; accounts receivable; payables and receivables setup; payroll journal and setup; inventory transactions; orders, quotes and deposits; currencies and remittances; project allocations; reconciliations and deposits; and comprehensive setup.
Learning outcomes
- Analyze source documents and identify transaction types
- Analyze various journals and statements to reconcile data
- Navigate in Sage 50 Accounting (enter and modify transactions, run reports, set-up and process receivables, payables, payroll)
- Save, backup and restore Sage 50 Accounting data files
- Create and configure company chart of accounts in a diverse group business situations
- Identify and enter specific company data
- Perform account reconciliations on a variety of accounts
- Set-up of product inventories and processing of sales and purchases of inventory using weighted averages
- Set-up and use of project accounting
- Enter new employee data and process payroll, including year-end documents
- Set-up multi-currency bank accounts and process transactions
- Maintain data integrity and internal control procedures
- Perform standard year-end procedures
Course topics
- Lesson 1: Introduction, Indirect Taxes, and General Journal
- Lesson 2: Accounts Payable
- Lesson 3: Accounts Receivable
- Lesson 4: Company Setup, Payables, and Receivables Setup
- Lesson 5: Payroll Journal and Payroll Ledger Setup
- Lesson 6: Assignment 1: Comprehensive Setup
- Lesson 7: Inventory Transactions
- Lesson 8: Orders, Quotes, Prepayments, and Deposits
- Lesson 9: Credit Cards, Currencies, and Remittances
- Lesson 10: Project Allocations
- Lesson 11: Reconciliations and Deposits
- Lesson 12: Assignment 2 and Final Project: Comprehensive Setup
Required text and materials
The following material is required for this course:
- Purbhoo, M. (2023). Using Sage 50 Accounting 2022 + Student Version Software. Pearson
Canada.
Type: Textbook. ISBN: 978-0-13-786622-9
Note: Sage 50 is only compatible with Windows 7 and higher operating systems. Sage currently does not provide a Sage 50 version for the Mac platform.
Assessments
To successfully complete this course, students must achieve a passing grade of 50 % or higher on the overall course, and 50% or higher on the final mandatory project.
| Assignment 1: Stratford Country Inn | 15% |
| Assignment 2: VeloCity | 20% |
| Quiz 1 | 10% |
| Quiz 2 | 10% |
| Quiz 3 | 10% |
| Reflective Journal | 10% |
| Final Project (Mandatory) | 25% |
| Total | 100% |
Open Learning Faculty Member Information
An Open Learning Faculty Member is available to assist students. Students will receive the necessary contact information at the start of the course.
