Course

10101152 Introduction to Peachtree Accounting
Course Information
Description
Prepares the student to use Peachtree accounting in a "real world" business setting. The student will learn how to set up a company's accounting system within Peachtree. Once set up, the student will learn how to use the general journal, purchases journal, cash disbursements journal, sales journal, cash disbursements journal, and payroll journal. The student will learn how to prepare the financial statements and how to make modifications to Peachtree's predefined statements. The prerequisite for this course is an introductory financial accounting course or demonstration of an understanding of basic financial accounting.
Total Credits
2
Course Competencies (Course Outcomes)
  1. Creating a company within Peachtree
    Assessment Strategies
    by completion of Peachtree project and submission of Peachtree output (pdf files are emailed)
    by results of online quiz
    Criteria
    company information is correctly entered
    general ledger accounts are properly entered
    beginning account balances are properly entered

  2. Entering transactions within Peachtree for a cash business
    Assessment Strategies
    by completion of Peachtree project and submission of Peachtree output (pdf files are emailed)
    by results of online quiz
    Criteria
    new accounts are created
    general journal entries are properly made
    general journal entries are edited

  3. Recording sales and accounts receivable within Peachtree
    Assessment Strategies
    by completion of Peachtree project and submission of Peachtree output (pdf files are emailed)
    by results of online quiz
    Criteria
    customer accounts are created
    entries are made within the sales journal
    customer action item and event logs are recorded

  4. Recording purchases and accounts payable within Peachtree
    Assessment Strategies
    by completion of Peachtree project and submission of Peachtree output (pdf files are emailed)
    by results of online quiz
    Criteria
    vendor accounts are created
    entries are made within the purchases journal
    customer action items and event logs are recorded

  5. Recording cash payments and cash receipts within Peachtree
    Assessment Strategies
    by completion of Peachtree project and submission of Peachtree output (pdf files are emailed)
    by results of online quiz
    Criteria
    entries are made using the cash receipts journal
    customer and vendor accounts are updated

  6. Prepare financial statements within Peachtree
    Assessment Strategies
    by completion of Peachtree project and submission of Peachtree output (pdf files are emailed)
    by results of online quiz
    Criteria
    adjusting entries are journalized
    financial statements are modified

  7. Purchase of inventory in a merchandise business within Peachtree
    Assessment Strategies
    by completion of Peachtree project and submission of Peachtree output (pdf files are emailed)
    by results of online quiz
    Criteria
    sales and inventory transactions are processed
    both perpetual and periodic inventory systems are used

  8. Sales of inventory in a merchandise business within Peachtree
    Assessment Strategies
    by completion of Peachtree project and submission of Peachtree output (pdf files are emailed)
    by results of online quiz
    Criteria
    sales tax accounts and codes are created
    sales return are recorded and credit memo are created
    sales orders and invoices are created

  9. Book payroll within Peachtree
    Assessment Strategies
    by completion of Peachtree project and submission of Peachtree output (pdf files are emailed)
    by results of online quiz
    Criteria
    payroll withholdings are set-up
    payroll tax tables are used
    payroll is recorded using the payroll journal

  10. Job costing within Peachtree
    Assessment Strategies
    by completion of Peachtree project and submission of Peachtree output (pdf files are emailed)
    by results of online quiz
    Criteria
    a job costing project is set-up
    phase codes and cost codes are created
    purchases within a job are recorded

  11. Partnerships and corporations within Peachtree
    Assessment Strategies
    by completion of Peachtree project and submission of Peachtree output (pdf files are emailed)
    by results of online quiz
    Criteria
    partnership accounts are created
    fiscal year for a partnership are closed