Integrating Technology into the Accounting Curriculum using QuickBooks Pro!

1
Integrating Technology into the Accounting
Curriculum using QuickBooks Pro!
Managing your Business Transactions Implement
Accounting Cycle Enter Transactions Generate
Reports
2
Connection to NBEA CBEA Accounting Standards

• Content Standard 1 Accounting
• Students will complete the accounting recording
  cycle and be able to prepare basic financial
  statements according to generally accepted
  accounting principles for various forms of
  business.
• Content Standard 2 Accounting
• Students will interpret and analyze basic
  financial statements as used by stockholders,
  creditors, and other users of financial
  information.
• Content Standard 3 Accounting
• Students will use planning and control techniques
  to be able to evaluate the performance of an
  organization.
• Content Standard 4 Accounting
• Students will apply appropriate accounting
  principles and procedures to selected special
  topics such as merchandising activities,
  inventories, and plant and intangible assets.

3
Experiential LearningConstructivist
Instructional Methodology

• Recognized as an effective approach to computer
  software training.
• Based on theories of educator John Dewey, the
  constructivist approach is student-directed using
  realistic, practical applications to aid learners
  in constructing a deeper understanding with
  improved retention.1
• 1R.Cwiklik, Dewey Wins! If the New Teaching
  Methods Pushed by High-Tech Gurus Sound Familiar,
  It Isnt Surprising, The Wall Street Journal,
  (November 17, 1997), R19.

4
Why QuickBooks?

• Chart of Accounts
• Assets, Liabilities, and Equity
• Cash Basis record income when money is received
  and expenses when bills are paid track expenses
  at the time you pay, rather that at the time you
  receive the bill.
• Accrual Basis record income at the time of
  sale, not at the time your receive the payment
  enter expenses when you receive the bill not when
  you pay it.
• Measuring Profitability
• Balance Sheet
• Profit and Loss Statement
• Statement of Cash Flow
• Banking
• Checking Accounts, Check Register
• Making Deposits, writing checks, reconciling bank
  statements

5
Why QuickBooks?

• Customers Sales
• Record customer transactions
• Create Invoices, Record Sales
• Record Customer Payments and Print Reports
• Vendors, Purchases, and Inventory
• Record vendor transactions
• Create Purchase Orders
• Enter and Pay bills
• Print Vendor Reports
• Employees and Payroll
• Process Payroll
• Reports Graphs
• Complete Accounting Cycle by creating Trial
  Balance and entering adjusting entries
• Export Reports to Excel

6
QuickBooks Pro Right for Your Business Right
for Your Students

• Creating a Service vs. Merchandising Business
• EasyStep Interview Process
• Advanced Topics
• Estimates, Credit Card Sales
• Accounting for Bad Debts
• Audit Trials

7
Numerous Clients - Security
8
Dashboard Reports
Exporting Graphs - Excel
9
Report Center Sales
10
Cash Drawer Reports
11
Credit Card Payment Reports
12
Customer Reports Tracking customers data
13
Customer Orders Reports
14
Items
Inventory, assemblies, parts etc.
15
Purchasing ReportsVendor Vouchers
16
Employee Reports
17
Next Steps?

• We have reviewed the system as it relates to real
  world scenarios textbook applications.
• We have discussed the features that will take
  your students to the next level.
• We have discussed the QuickBooks Pro commitment
  to student success through experiential pedagogy.
• Where do we go from here?

18
Credits

• South-Western Century 21 General Journal 9E
• SW Accounting for QuickBooks Pro
• An Accounting Simulation, SW Creating the Band
• Glencoe Accounting Real World Applications
  Connections
• Debra Greenier, Lewis S. Mills HS, Region 10,
  Burlington, CT 06013
• greenierd_at_region10ct.org