Using QuickBooks™ Pro 2004 For Accounting

by Owen, Glenn

• ISBN13: 9780324223729
• ISBN10: 0324223722
• Edition: CD
• Format: Paperback
• Copyright: 2004-07-15
• Publisher: South-Western College Pub

Summary

Using QuickBooksTM Pro? 2004 For Accounting is the first book of its kind to provide a self-paced environment where students use a commercially available software product to analyze, interpret, and investigate accounting information to make business decisions. This workbook helps students learn fundamental accounting concepts and principles through the use of QuickBooks software and the analysis of business events. Continuing, realistic accounting cases and hands-on applications move students a jump ahead in the pursuit of understanding accounting.

Table of Contents

Preface	ix
Note to Student and Instructor	xiv
Getting Started with QuickBooks	1	(1)
Session 1 An Interactive Tour of QuickBooks	2	(27)
Case: Rock Castle Construction Company	2	(1)
Using This Text Effectively	3	(1)
Data Files CD	3	(3)
What Is QuickBooks?	6	(2)
Lists	6	(1)
Forms	6	(1)
Registers	7	(1)
Reports and Graphs	8	(1)
Launching QuickBooks	8	(2)
Restoring and Opening a QuickBooks File	10	(2)
The QuickBooks Window	12	(2)
Saving and Closing a QuickBooks File	14	(1)
Correcting Mistakes: The Backspace Key, the Undo Command, and the Clear Command	15	(1)
QuickBooks's Menus and Shortcut List	16	(1)
Using QuickBooks to Make Business Decisions: An Example at Rock Castle	17	(3)
Printing in QuickBooks	20	(1)
Using QuickBooks Help	20	(1)
Ask Button	21	(1)
How Do I Buttons	22	(1)
QuickBooks Business Resources Online Service	23	(1)
The QuickBooks Navigator	24	(1)
Exiting QuickBooks	25	(1)
End Note	25	(1)
Session 1 Practice	26	(3)
Questions	26	(1)
Assignments	26	(1)
Case Problems	27	(2)
Session 2 Preparing a Balance Sheet Using QuickBooks	29	(15)
Case: Rock Castle Construction Company	29	(1)
Creating a Balance Sheet	29	(2)
Creating a Comparative Balance Sheet	31	(1)
Creating a Summary Balance Sheet	32	(1)
Investigating the Balance Sheet Using QuickZoom	33	(2)
Modifying Balance Sheet Reports	35	(2)
Creating a Balance Sheet as of a Specific Date	37	(2)
Printing the Balance Sheet	39	(2)
Session 2 Practice	41	(3)
Questions	41	(1)
Assignments	41	(2)
Case Problem	43	(1)
Session 3 Preparing an Income Statement Using QuickBooks	44	(19)
Case: Rock Castle Construction Company	44	(1)
Date Formats	44	(1)
Creating an Income Statement	45	(1)
Creating an Income Statement for a Specified Period	46	(2)
Creating a Comparative Income Statement	48	(2)
Using QuickZoom with the Income Statement	50	(1)
Modifying the Income Statement Report	51	(4)
Printing the Income Statement	55	(5)
Session 3 Practice	60	(3)
Questions	60	(1)
Assignments	60	(1)
Case Problem	61	(2)
Session 4 Preparing a Statement of Cash Flows Using QuickBooks	63	(8)
Case: Rock Castle Construction Company	63	(1)
Creating a Statement of Cash Flows	63	(4)
Using QuickZoom with the Statement of Cash Flows	67	(1)
Formatting and Printing the Statement of Cash Flows	67	(2)
Session 4 Practice	69	(2)
Questions	69	(1)
Assignments	69	(1)
Case Problem	70	(1)
Session 5 Creating Supporting Reports to Help Make Business Decisions	71	(170)
Case: Rock Castle Construction Company	71	(1)
Creating and Printing an Accounts Receivable Aging Report	71	(4)
Creating and Printing a Customer Balance Summary	75	(1)
Creating and Printing an Inventory Valuation Summary Report	76	(2)
Creating, Printing, and Analyzing an Accounts Payable Aging Report	78	(3)
Creating and Printing a Vendor Balance Summary	81	(1)
End Note	81	(1)
Session 5 Practice	82	(3)
Questions	82	(1)
Assignments	82	(2)
Case Problem	84	(1)
Setting Up Your Business's Accounting System	85	(32)
Case: Phoenix Systems Consulting, Inc.	86	(1)
Creating a New Company File	86	(8)
Setting Up Company Lists	94	(9)
Customer List	94	(1)
Vendor List	95	(1)
Employee List	96	(4)
Chart of Accounts	100	(1)
Item List	101	(2)
A Word about the EasyStep Interview	103	(1)
End Note	104	(1)
Chapter 2 Practice	105	(12)
Questions	105	(1)
Assignments	105	(6)
Case Problem 1	111	(2)
Case Problem 2	113	(4)
Cash-Oriented Business Activities	117	(34)
Case: Phoenix Systems Consulting, Inc.	118	(1)
Recording Cash-Oriented Financing Activities	118	(2)
Recording Cash-Oriented Investing Activities	120	(4)
Recording Cash-Oriented Operating Activities	124	(10)
End Note	134	(1)
Chapter 3 Practice	135	(16)
Questions	135	(1)
Assignment	135	(4)
Case Problem 1	139	(3)
Case Problem 2	142	(2)
Comprehensive Problem 1	144	(2)
Comprehensive Problem 2	146	(5)
Additional Business Activities	151	(22)
Case: Phoenix Systems Consulting, Inc.	152	(1)
Recording Additional Financing Activities	152	(2)
Recording Additional Investing Activities	154	(1)
Recording Additional Operating Activities	155	(8)
Recording Non-Cash Investing and Financing Activities	163	(1)
End Note	164	(1)
Chapter 4 Practice	165	(8)
Questions	165	(1)
Assignments	165	(3)
Case Problem 1	168	(2)
Case Problem 2	170	(3)
Adjusting Entries	173	(18)
Case: Phoenix Systems Consulting, Inc.	174	(1)
Accruing Expenses	174	(1)
Accruing Revenue	175	(1)
Recording the Expiration of Assets and Their Related Expenses	176	(5)
Adjusting Unearned Revenue	181	(2)
Bank Reconciliation	183	(3)
End Note	186	(1)
Chapter 5 Practice	186	(5)
Questions	186	(1)
Assignments	186	(2)
Case Problem 1	188	(1)
Case Problem 2	189	(2)
Budgeting	191	(18)
Case: Phoenix Systems Consulting, Inc.	192	(1)
Budgets for Specific Revenues	192	(3)
Budgets for Specific Expenses	195	(3)
Budget for Assets, Liabilities, and Owners' Equity	198	(5)
End Note	203	(2)
Chapter 6 Practice	205	(4)
Questions	205	(1)
Assignments	205	(1)
Case Problem 1	206	(1)
Case Problem 2	207	(2)
Reporting Business Activities	209	(32)
Case: Phoenix Systems Consulting, Inc.	210	(1)
Creating Income Statements	210	(4)
Creating Balance Sheets	214	(4)
Creating Graphs	218	(5)
Creating Additional Reports	223	(3)
Exporting Reports to Microsoft Excel	226	(4)
End Note	230	(1)
Chapter 7 Practice	231	(10)
Questions	231	(1)
Assignments	231	(1)
Case Problem 1	232	(1)
Case Problem 2	233	(1)
Comprehensive Problem 2	234	(7)
Appendix Traditional Accounting Records	241	(9)
Case: Phoenix Systems Consulting, Inc.	242	(1)
Trial Balance	242	(2)
General Ledger	244	(2)
Journalizing an Adjustment	246	(1)
End Note	247	(1)
Appendix Practice	248	(2)
Questions	248	(1)
Assignments	248	(1)
Case Problem 1	249	(1)
Case Problem 2	249	(1)
Index	250