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Lecture Plan for Computerized Accounting

18th May 2016-18th June 2016


Institute: Jinnah College of Commerce Bahawalpur
Ambreen Kanwal

Name of teacher/Faculty:

Name of the Course: Computerized Accounting


Lecture Date: May 2016

Lecture Duration: 360 Hours

Lecture Objective: Through this Computerized Accounting course, the student


will be able to:
1. Describe the basic concepts of accounting about revenue, expense, assets,
liability and equity.
2. Acquire competency to enter accounting transactions in the accounting
software
and have the capability of generating different accounting
reports/documents.
3. Make cost analysis reports, profit & loss accounts, balance sheets, and cash
flow statements etc.
4.
Enter all the business transactions in computerized accounting system
efficiently.
Assessment Method:

1. MCQs

2.Quiz

3.Assignments

4.Presentations
Material Provided (If Any): Notes for Computerized Accounting
Day Wise Lecturer Plan:
Sr.
#

Day &
Date

Wednesd
ay

Activity

Introduction to Business, Types of business


(Sole Proprietorship,
Partnership,
Corporation),Stake Holders (creditors,
directors, employees, government,
shareholders, suppliers, unions, and the
community),

Design new
Business Plan

Thursday Nature of business (Manufacturing, Trading,

What is the
nature of your
plan?

18-052106
`

Topic

19-052106

Servicing), Accounting, Types of Accounting


(Financial accounting, Management
accounting), Users of Accounting.

Friday

Basic terminologies of Accounting.

Prepare of your

19-052106

Accounting Heads (Assets, Liabilities,


Equity, Income, Expense), Concept of Debit
& Credit

accounts heads

Monday

Accounting Equation, Accounting Cycle


(Transactions, General Journal, Ledger, Trial
Balance, and Income Statement)
Continued..

Plan your
accounting cycle,
your period end
etc.
SOP for GAAPs

24-052016

Accounting Cycle (Balance Sheet, Accrual


Concept of Accounting, Matching Principle,
Adjustments in final accounts, Capital &
Revenue expenditure)

Wednesd
ay

Voucher (Types of Voucher, Bank Payment


Voucher, Bank Receipt Voucher

Draw Specimen
vouchers in word,
(Bank payment/
receipt Voucher)

23-052016
5

Tuesday

25-052016
7

Thursday Cash Payment Voucher, Cash Receipt


26-052016

Friday
27-052016

Monday
30-052016

10

Tuesday
31-052016

11

Wednesd
ay

Voucher, General Voucher)

Draw Specimen
vouchers in word,
(Cash Receipt/
payment Voucher
)

Microsoft Office, (Office Fundamentals,


Document Formatting, Tables and Graphics,

Draw Specimen
vouchers in word,
(General
vouchers)

Introduction To Excel Formulas, Page setup,


Formulas Functions, Financial Functions,
Charts

Draw Specimen
vouchers in word,
(General
vouchers)

Bank Reconciliation Statement (Introduction


of bank, Basic functions of commercial bank,
Common transactions with bank

Draw Specimen
of Bank
Reconciliation in
word/excel.

Cashbook and bank statement, Reasons for


difference between cash book and bank
statement

Draw Specimen
of Cash book.

01-062016
12

Thursday Inventory System, Introduction of


02-062016

13

Friday

inventory /stock/merchandise/goods Periodic


and Perpetual

Draw Specimen
of Inventory
Methods in
word/excel.

Inventory Systems, Inventory methods,

Draw Specimen

14

03-062016

FIFO, LIFO, Average

of Inventory
Methods in
word/excel

Monday

Sales System, Sales Types of Sales, Entries


for Sales, Discount, Quantity discount

Draw Specimen
of Entries for
Sales,

06-062016
15

Tuesday
07-062016

Cash discount, Record of Debtors/


Customers

Draw Specimen
of , Record of
Debtors/
Customers

16

Wednesd
ay 0806-2016

Introduction of Payroll System, Types of


Employees,

Draw Specimen
of , Payroll
System,

17

Thursday Entries for salaries and wages, Regular pay,


Bonus pay and Overtime pay
09-062016

18

Friday
10-062016

Revision

Compile all
Specimen on one
sheet

19

Monday
13-062016

Computerized Accounting, Scope of


Computerized Accounting

Review of
different
softwares

20

Tuesday
14-062016

Computerized Accounting Software,{Excel,


Peachtree, Quick book, Tally, Oracle}

Review of
different
softwares

21

Wednesd
ay 1406-2016

Creating a Corporation in Computerized ,


Accounting Software

Setup Your
company

22

Thursday Chart of Accounts, Creating Chart of


Accounts, Update Chart of accounts
15-062016

23

Friday
16-062016

Charts of accounts Beginning Balances,


Organizational codes, Editing charts of
accounts

Entries for
salaries and
wages

Setup Your
company chart of
accounts
Setup Your
company chart of
accounts