This course covers basic accounting fundamentals, and by using Intuit's QuickBooks Online software, individuals with little or no accounting background will learn through practical application of concepts by using the software. Topics include General Ledger setup, accounts receivable and payable, bank reconciliation, inventory, sales tax and financial statements.
- No prerequisites are required for this course.
Below is one offering of FMGT 1115 for the Fall 2022 term.
Thu Sep 08 - Thu Dec 15 (15 weeks)
- 15 weeks
- CRN 49512
Class meeting times
|Sep 08 - Dec 15||Thu||18:00 - 21:00||WHIST|
Course outline TBD — see Learning Outcomes in the interim.
*Location: Whistler Chamber Of Commerce Boardroom, 230 Gate Way Dr #201, Whistler, BC V8E 0Z8. *Students must submit email address when registering. *Students require access to a lap top to complete this course. *Our courses are paced and highly interactive with participation requirements to achieve a passing final grade. It is recommended that students have completed at least English 12 or COMM 1103 to be successful in this course."
Upon successful completion of this course, the student will be able to:
- Apply the basic principles of bookkeeping to record transactions, manage accounts and perform reconciliations.
- Prepare financial statements (Income Statement, Statement of Owner's Equity and the Balance Sheet) for a business.
- Create a new company together with a Chart of Accounts and set up opening balances 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 an invoice including customization features.
- Setup Payroll and Inventory functions within QuickBooks.
- Setup the bank feed feature and perform a Bank Reconciliation in QuickBooks.
- Run Financial Statements, and reports in QuickBooks. Export QuickBooks data to excel.
- Review functions such as Mileage, Cash Flow, Dashboard, Projects, Payroll, Receipt Uploading.
- Perform a Client Review in the QuickBooks Accountant Edition.
- Review Accountant Edition specific features: Month-End Review, Overview, Workpapers.
Effective as of Fall 2021
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Programs and courses are subject to change without notice.