Using QuickBooks Pro 2006 for Accounting (with CD-ROM)

by Owen, Glenn

• ISBN13: 9780324303193
• ISBN10: 032430319X
• Edition: 5th
• Format: Paperback
• Copyright: 2006-07-10
• Publisher: South-Western College Pub

Summary

USING QUICKBOOKS'„¢ PRO® 2006 FOR ACCOUNTING allows faculty to easily incorporate computerized accounting into the first accountingcourse. The textbook takes a user perspective by illustrating how accounting information is both used and created. In addition, the textuses proven and successful pedagogy to demonstrate the software's features and elicit student interaction. The text's foremost goal is tohelp students learn fundamental accounting concepts through the use of QUICKBOOKS'„¢ and the analysis of business events. The contentcomplements the first course in accounting and is therefore best used in conjunction with a core text on accounting or after students havehad a first accounting course.

Table of Contents

Preface	ix
Note to Student and Instructor	xv
Part 1 Getting Started with QuickBooks	1	(98)
An Interactive Tour of QuickBooks	3	(30)
Case: Century Kitchens	3	(1)
Using this Text Effectively	4	(1)
Data Files CD	4	(3)
What Is QuickBooks?	7	(3)
Lists	7	(1)
Forms	8	(1)
Registers	8	(2)
Reports and Graphs	10	(1)
Launching QuickBooks	10	(1)
Restoring and Opening a QuickBooks File	11	(3)
The QuickBooks Window	14	(2)
Saving and Closing a QuickBooks File	16	(1)
QuickBooks's Menus and Shortcut List	17	(1)
Using QuickBooks to Make Business Decisions: An Example at Century Kitchens	17	(3)
Printing in QuickBooks	20	(1)
Using QuickBooks Help	21	(1)
Ask Button	22	(2)
How Do I Buttons	24	(1)
QuickBooks Learning Center	24	(2)
The QuickBooks Home Page	26	(3)
Exiting QuickBooks	29	(1)
End Note	30	(1)
Chapter 1 Practice	31	(2)
Questions	31	(1)
Assignments	31	(1)
Case Problem: Century Kitchens	32	(1)
Preparing a Balance Sheet Using QuickBooks	33	(18)
Case: Century Kitchens	33	(1)
Creating a Balance Sheet	33	(2)
Creating a Comparative Balance Sheet	35	(1)
Creating a Summary Balance Sheet	36	(1)
Investigating the Balance Sheet Using QuickZoom	37	(3)
Modifying Balance Sheet Reports	40	(3)
Memorizing a Report in QuickBooks	43	(2)
Printing the Balance Sheet	45	(2)
Chapter 2 Practice	47	(4)
Questions	47	(1)
Assignments	47	(1)
Case Problem: Jennings & Associates	48	(3)
Preparing an Income Statement Using QuickBooks	51	(22)
Case: Century Kitchens	51	(1)
Date Formats	51	(1)
Creating an Income Statement	52	(1)
Modifying an Income Statement	53	(3)
Creating a Comparative Income Statement	56	(2)
Using QuickZoom with the Income Statement	58	(2)
Modifying the Income Statement Report	60	(4)
Printing the Income Statement	64	(6)
Chapter 3 Practice	70	(3)
Questions	70	(1)
Assignments	70	(1)
Case Problem: Jennings & Associates	71	(2)
Preparing a Statement of Cash Flows Using QuickBooks	73	(8)
Case: Century Kitchens	73	(1)
Creating a Statement of Cash Flows	73	(4)
Using QuickZoom with the Statement of Cash Flows	77	(1)
Formatting and Printing the Statement of Cash Flows	78	(1)
Chapter 4 Practice	79	(2)
Questions	79	(1)
Assignments	79	(1)
Case Problem: Jennings & Associates	80	(1)
Creating Supporting Reports to Help Make Business Decisions	81	(18)
Case: Century Kitchens	81	(1)
Creating and Printing an Accounts Receivable Aging Report	81	(4)
Creating and Printing a Customer Balance Summary	85	(1)
Creating and Printing an Inventory Valuation Summary Report	86	(3)
Creating, Printing, and Analyzing an Accounts Payable Aging Report	89	(2)
Creating and Printing a Vendor Balance Summary	91	(4)
End Note	95	(1)
Chapter 5 Practice	96	(3)
Questions	96	(1)
Assignments	96	(1)
Case Problem: Jennings & Associates	97	(2)
Part 2 Creating a QuickBooks File to Record and Analyze Business Events	99	(220)
Setting Up Your Business's Accounting System	101	(44)
Case: Wild Water Sports, Inc.	101	(1)
Creating a New Company File Using the EasyStep Interview	102	(4)
Set Up Company Preferences	106	(3)
Set Up Company Items	109	(4)
Set Up Customers, Vendors, and Accounts	113	(11)
Set Up Payroll and Employees	124	(8)
Backing Up Your Company File	132	(3)
End Note	135	(1)
Chapter 6 Practice	136	(9)
Questions	136	(1)
Assignments	136	(4)
Case Problem 1: Aloha Property Management	140	(3)
Case Problem 2: Ocean View Flowers	143	(2)
Cash-Oriented Business Activities	145	(64)
Case: Wild Water Sports, Inc.	145	(1)
Recording Cash-Oriented Financing Activities	146	(1)
Recording Cash-Oriented Investing Activities	147	(5)
Recording Cash-Oriented Operating Activities	152	(31)
Evaluate a Firm's Performance and Financial Position	183	(4)
End Note	187	(1)
Chapter 7 Practice	188	(21)
Questions	188	(1)
Assignments	188	(5)
Case Problem 1: Aloha Property Management	193	(2)
Case Problem 2: Ocean View Flowers	195	(3)
Comprehensive Problem 1: Sara Duncan, CPA	198	(3)
Comprehensive Problem 2: Pacific Brew	201	(3)
Comprehensive Problem 3: Sunset Spas	204	(5)
Additional Business Activities	209	(36)
Case: Wild Water Sports, Inc.	209	(1)
Recording Additional Financing Activities	209	(4)
Recording Additional Investing Activities	213	(1)
Recording Additional Operating Activities	214	(17)
Recording Noncash Investing and Financing Activities	231	(1)
Evaluate a Firm's Performance and Financial Position	232	(3)
End Note	235	(1)
Chapter 8 Practice	236	(9)
Questions	236	(1)
Assignments	236	(4)
Case Problem 1: Aloha Property Management	240	(2)
Case Problem 2: Ocean View Flowers	242	(3)
Adjusting Entries	245	(22)
Case: Wild Water Sports, Inc.	245	(1)
Accruing Expenses	245	(3)
Accruing Revenue	248	(4)
Recording Expenses Incurred but Previously Deferred	252	(4)
Adjusting for Unearned Revenues	256	(3)
Preparing a Bank Reconciliation and Recording Related Adjustments	259	(3)
End Note	262	(1)
Chapter 9 Practice	263	(4)
Questions	263	(1)
Assignments	263	(2)
Case Problem 1: Aloha Property Management	265	(1)
Case Problem 2: Ocean View Flowers	265	(2)
Budgeting	267	(20)
Case: Wild Water Sports, Inc.	267	(1)
Budgeting Revenues	268	(3)
Budgeting Expenses	271	(1)
Budgeted Income Statement	272	(3)
Budgeting Assets, Liabilities, and Equities	275	(2)
Budgeted Balance Sheet	277	(4)
End Note	281	(1)
Chapter 10 Practice	282	(5)
Questions	282	(1)
Assignments	282	(2)
Case Problem 1: Aloha Property Management	284	(1)
Case Problem 2: Ocean View Flowers	285	(2)
Reporting Business Activities	287	(32)
Case: Wild Water Sports, Inc.	287	(1)
Creating and Memorizing a Customized Income Statement	288	(4)
Creating and Memorizing a Customized Balance Sheet	292	(2)
Creating Graphs to Illustrate Financial Information	294	(6)
Create Additional Detail Reports	300	(3)
Exporting Reports to Excel	303	(4)
End Note	307	(1)
Chapter 11 Practice	308	(11)
Questions	308	(1)
Assignments	308	(2)
Case Problem 1: Aloha Property Management	310	(1)
Case Problem 2: Ocean View Flowers	311	(1)
Comprehensive Problem 1: Sports City	311	(2)
Comprehensive Problem 2: Pacific Brew	313	(3)
Comprehensive Problem 3: Sunset Spas	316	(3)
Appendix 1 Payroll Taxes	319	(10)
Overview	319	(1)
Federal Income Tax Withholding	319	(4)
Social Security and Medicare Taxes	323	(2)
Federal Unemployment Taxes	325	(1)
State Income Tax Withholding and Unemployment Taxes	326	(1)
Appendix 1 Practice	327	(2)
Questions	327	(1)
Assignments	327	(2)
Appendix 2 Traditional Accounting: Debits and Credits	329	(12)
Case: Wild Water Sports	329	(1)
Trial Balance	330	(2)
General Ledger	332	(3)
General Journal	335	(2)
End Note	337	(1)
Appendix 2 Practice	338	(3)
Questions	338	(1)
Assignments	338	(1)
Case Problems	339	(2)
Index	341