The course examines areas of the preparation of accounting records and the presentation of financial statements and reports with the use of an accounting software. More specific students will apply accounting concepts an electronic environment, explain the need of computerized accounting systems, adjust the settings of the accounting software, explain the importance of the nominal accounts in accounting information, create suppliers and customers and record transactions in the system, create bank accounts and record transactions in the system, explain the need of the reports and prepare those reports through the system.
Upon successful completion of this course, students will be able to:
- Describe how computerized accounting systems work and compare manual and computerized accounting systems.
- Discuss the development and design of a computerized accounting system and how the accounting data will be processed.
- Obtain hands on experience in the use of accounting software.
- Entering and operating the system.
- Record transactions in the general ledger and the general journal, record transactions in special journals and ledgers and complete the accounting cycle.
- Generate reports through the computerized system – Trial Balance, Balance Sheet, Income Statement, Statement of Cash Flows.
- Teacher: PETROS ALEXANDROU