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Advanced Computer Applications 1 FMGT 3720

Financial Management Course

Course details

This is a general module that introduces students to both Intuit’s QuickBooks and Sage 300 ERP accounting software packages for a Merchandising company. QuickBooks, like Sage 50 (formerly called Simply Accounting) is typically used by small business organizations while Sage 300 ERP is used by larger organizations. A significant difference between QuickBooks/Sage 50 and Sage 300 ERP is that Sage 300 ERP is a batch driven system, which many students will not have seen yet. In batch driven systems it is important for accounting students to understand when the General Ledger is updated and additionally how batches can be used to improve internal control.

Prerequisite(s)

Credits

4.0

Cost

$622.16

Course offerings

Winter 2023

Below is one offering of FMGT 3720 for the Winter 2023 term.

CRN 46327

Duration

Sat Jan 07 - Sat Mar 11 (10 weeks)

  • 10 weeks
  • CRN 46327
  • $622.16
Class meeting times
Dates Days Times Locations
Jan 07 - Mar 11 Sat 09:00 - 13:00 Online
Instructor

Lata Kochhar

Course outline

Course outline TBD — see Learning Outcomes in the interim.

Credits

4

Cost

$622.16

Important information
  1. Internet delivery format.
  2. Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
  3. This is not a self-paced course. You will be expected to be available and online on the posted days and times shown on your registration schedule. It is important you have a stable and consistent internet connection to access course content. Course content, type and quality of assignments, and general standards for this online course are the same as classroom courses. To be successful in this online course, plan to spend 7-10 hours per week on your studies, or more of it’s a condensed course, starting Week 1. Important course information will be sent to your myBCIT account prior to your course start date.
Status

In Progress and Full

This course offering is in progress and full. Please check back next term or subscribe to receive email updates.

Learning Outcomes

Upon successful completion, the student will be able to:

  • Copy, backup, restore and manage data files in QuickBooks.
  • Navigate the principal features and functionality of QuickBooks.
  • Create Vendor and Customer master records and record transactions, including Sales Taxes, in QuickBooks.
  • Create 'items' which can be either goods or services.
  • Create a new company together with a Chart of Accounts and set up opening balances in QuickBooks.
  • Perform a Bank Reconciliation in QuickBooks.
  • Run Financial Statements in QuickBooks.
  • Export QuickBooks data to excel.
  • Perform a Client Review in the QuickBooks Accountant Edition.
  • Copy, backup, restore and manage data files in Sage 300 ERP.
  • Navigate the principal features and functionality of Sage 300 ERP.
  • Create Vendor and Customer master records in Sage 300 ERP.
  • Use batches to record transactions for the major business processes in Sage 300 ERP.
  • Review transactions in a batch prior to posting.
  • Modify transactions previously recorded in a batch before posting.
  • Post batches to update the accounting records.
  • Select if posting batches created in subsidiary ledgers will automatically post to the General Ledger.
  • Open and close fiscal periods in Sage 300 ERP.
  • Use Purchase Orders to purchase inventory items and update both Inventory and Accounts Payable modules.
  • Use Sales Orders to sell inventory items and update both Inventory and Accounts Receivable modules.
  • Update the General Ledger before running Financial Statements.
  • Run Financial Statements, Customer Aged, Vendor Aged and Inventory reports.

Effective as of Fall 2014

Related Programs

Advanced Computer Applications 1 (FMGT 3720) is offered as a part of the following programs:

School of Business + Media

  1. Accounting
    Diploma Full-time
  2. Accounting
    Diploma Part-time
  3. Computerized Accounting
    Associate Certificate Part-time
  4. Finance
    Diploma Full-time
  5. Finance
    Diploma Part-time
  6. Financial Management (Finance Option)
    Certificate Part-time
  7. Financial Management (Professional Accounting Option)
    Certificate Part-time

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