This course offers students the opportunity to apply accounting theory to practice and gain an exposure to computerized accounting. Students learn how to open a new company, record accounting
transactions, make adjusting entries and create financial statements on customized formats. Students also learn how to perform such day-to-day tasks as creating purchase orders, issuing invoices, receiving and
recording inventory, setting prices, recording sales, collecting receivables, issuing debit or credit memos, doing bank reconciliations, and preparing employee payroll. Students will also learn about system settings
for audit trails, password protection, importing and exporting with Microsoft Excel, budgeting, and backups.