OAD_BADM200: Computerized Business Accounting

About Course

Students will learn how to apply their knowledge of business accounting fundamentals in a small, medium, and large computerized business accounting environment.

In addition, students will be introduced to blockchain theory and practice, evolving technologies, and how Blockchain is impacting all aspects of business.

Describe the differences between Manual and Computerized Accounting systems
Identify types of available Computer software for Accounting
Apply Accounting fundamentals using Computerized Accounting Software
Create, save, restore, and backup Sage50 files
Plan and design a Computerized system for a Small business wishing to transition from a Manual system
Enter supplier or vendor related purchase transactions, suppler related payment transactions in the General Ledger
Demonstrate the recording of common Business transactions into a Computerized General Ledger program
Demonstrate the ability to maintain and use Accounts payable, Accounts receivable, and Payroll modules within a Computerized Accounting System
Describe how Blockchain Technology is being applied to Accounting systems and practices

Course Content

Module I

Topic 1: Introduction to Computerized Business Accounting

00:00
LO1: Explain the differences between Manual and Computerized Accounting Systems

00:00
LO2: List and explain different Computer Software for Accounting

00:00
LO3: Describe how to create, save, restore, and backup Sage50 Files

00:00
LO4: Evaluate the advantages and disadvantages of Computerized Accounting Systems

00:00
LO5: Knowledge Check
Case Study: Introduction to Computerized Business Accounting
Topic 2: Bank Reconciliations

00:00
LO1: Explain the process of Bank Reconciliation and its significance in ensuring the accuracy of Financial records

00:00
LO2: Demonstrate the ability to perform Bank Reconciliation using relevant Accounting Software tools

00:00
LO3: Recognize typical Discrepancies that may arise during Bank Reconciliation and understand strategies for resolving them

00:00
LO4: Knowledge Check
Case Study: Bank Reconciliations
Topic 3: Budgeting and Project Accounting

00:00
LO1: Explain the importance of Budgeting in Financial Planning and Control

00:00
LO2: Describe how to start a Business Budget

00:00
LO3: Interpret Budget Variances and assess their impact on Financial Planning and Project Outcomes

00:00
LO4: Knowledge Check
Case Study: Budgeting and Project Accounting
Topic 4: Adjusting Entries

00:00
LO1: Explain the Purpose and Principles behind Adjusting Accounts

00:00
LO2: Discuss how to adjust entries for Prepaid expenses, Depreciation, Unearned revenues, Accrued expenses, and Revenues

00:00
LO3: Describe the Alternatives in Recording Prepaids and Unearned Revenues

00:00
LO4: Knowledge Check
Case Study: Adjusting Entries
Topic 5: Financial Statements, Payroll, GST/PST, and Job Costs

00:00
LO1: Explain the reporting aims of Financial Statements

00:00
LO2: Describe how to prepare Financial Statements reflecting Business Transactions

00:00
LO3: Analyze Business Transactions by applying the Accounting Equation

00:00
LO4: Define Payroll Liabilities and its objective

00:00
LO5: Evaluate and Report GST/PST obligations accurately for the Period End

00:00
LO6: Analyze Job Costs and their impact on Period End Financial Reporting

00:00
LO7: Knowledge Check
Case Study: Financial Statements, Payroll, GST/PST, and Job Costs
Topi 6: Financial Statement Ratio Analysis

00:00
LO1: Explain the purpose of Financial Statement Ratio Analysis

00:00
LO2: Describe the Sources of Information for Financial Statement Analysis

00:00
LO3: Explain changes in Financial Statements using Horizontal analysis and Vertical analysis

00:00
LO4: Knowledge Check
Case Study: Financial Statement Ratio Analysis
Topic 7: Company Setup

00:00
LO1: Describe the steps involved in setting up a Company in Computerized Accounting Software

00:00
LO2: Create and organize a comprehensive Chart of Accounts

00:00
LO3: Explain how to develop and maintain an accurate Customer List

00:00
LO5: Knowledge Check
Case Study: Company Setup
Topic 8: Security and Blockchain Applications

00:00
LO1: Explain the Principles of Blockchain Technology and its relevance to Accounting

00:00
LO2: Describe the Security features and benefits of Blockchain in Accounting systems

00:00
LO3: Analyze the challenges and limitations of implementing Blockchain Technology in Accounting

00:00
LO4: Analyze how to manage and maintain detailed Vendor and Item Lists for Inventory Tracking

00:00
LO4: Knowledge Check
Case Study: Security and Blockchain Applications
Module Based Quiz

About Course

What Will You Learn?

Course Content

Module I

Topic 1: Introduction to Computerized Business Accounting

LO1: Explain the differences between Manual and Computerized Accounting Systems

LO2: List and explain different Computer Software for Accounting

LO3: Describe how to create, save, restore, and backup Sage50 Files

LO4: Evaluate the advantages and disadvantages of Computerized Accounting Systems

LO5: Knowledge Check

Case Study: Introduction to Computerized Business Accounting

Topic 2: Bank Reconciliations

LO1: Explain the process of Bank Reconciliation and its significance in ensuring the accuracy of Financial records

LO2: Demonstrate the ability to perform Bank Reconciliation using relevant Accounting Software tools

LO3: Recognize typical Discrepancies that may arise during Bank Reconciliation and understand strategies for resolving them

LO4: Knowledge Check

Case Study: Bank Reconciliations

Topic 3: Budgeting and Project Accounting

LO1: Explain the importance of Budgeting in Financial Planning and Control

LO2: Describe how to start a Business Budget

LO3: Interpret Budget Variances and assess their impact on Financial Planning and Project Outcomes

LO4: Knowledge Check

Case Study: Budgeting and Project Accounting

Topic 4: Adjusting Entries

LO1: Explain the Purpose and Principles behind Adjusting Accounts

LO2: Discuss how to adjust entries for Prepaid expenses, Depreciation, Unearned revenues, Accrued expenses, and Revenues

LO3: Describe the Alternatives in Recording Prepaids and Unearned Revenues

LO4: Knowledge Check

Case Study: Adjusting Entries

Topic 5: Financial Statements, Payroll, GST/PST, and Job Costs

LO1: Explain the reporting aims of Financial Statements

LO2: Describe how to prepare Financial Statements reflecting Business Transactions

LO3: Analyze Business Transactions by applying the Accounting Equation

LO4: Define Payroll Liabilities and its objective

LO5: Evaluate and Report GST/PST obligations accurately for the Period End

LO6: Analyze Job Costs and their impact on Period End Financial Reporting

LO7: Knowledge Check

Case Study: Financial Statements, Payroll, GST/PST, and Job Costs

Topi 6: Financial Statement Ratio Analysis

LO1: Explain the purpose of Financial Statement Ratio Analysis

LO2: Describe the Sources of Information for Financial Statement Analysis

LO3: Explain changes in Financial Statements using Horizontal analysis and Vertical analysis

LO4: Knowledge Check

Case Study: Financial Statement Ratio Analysis

Topic 7: Company Setup

LO1: Describe the steps involved in setting up a Company in Computerized Accounting Software

LO2: Create and organize a comprehensive Chart of Accounts

LO3: Explain how to develop and maintain an accurate Customer List

LO5: Knowledge Check

Case Study: Company Setup

Topic 8: Security and Blockchain Applications

LO1: Explain the Principles of Blockchain Technology and its relevance to Accounting

LO2: Describe the Security features and benefits of Blockchain in Accounting systems

LO3: Analyze the challenges and limitations of implementing Blockchain Technology in Accounting

LO4: Analyze how to manage and maintain detailed Vendor and Item Lists for Inventory Tracking

LO4: Knowledge Check

Case Study: Security and Blockchain Applications

Module Based Quiz

Final Exam

Final Exam: Computerized Business Accounting

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