Computerized Accounting Using Peachtree
By Sage Complete Accounting 2008, 1^st Edition

Authors

Arens & Ward
ISBN# 978-0-912503-30-1

Computerized accounting practice set, including and using a full operational version of Peachtree by Sage Complete Accounting 2008 (commercially available accounting software for smaller companies).

Early chapters provide installation, familiarization and practice and are followed by a case project of recording transactions and adjustments, performing month–end procedures and recording year–end adjusting entries.
Final chapters include new company setup, access internal controls, job costing procedures and time and billing procedures.

Estimated completion time 20–25 hours, with options for the Instructor to reduce time required.

• Students learn by doing. Students begin using the computer at the beginning of Chapter 1 and continue to do most of their learning by doing a wide variety of activities using Peachtree Accounting.
• The materials emphasize learning a wide variety of Peachtree Accounting activities such as processing transactions, performing maintenance, obtaining information from Peachtree Accounting data, printing documents and reports, exporting to Excel and understanding internal controls in Peachtree Accounting.
• Every activity included in the materials includes having the students practice the activity using the computer.
• Sufficient information is provided in the materials to permit students to learn Peachtree Accounting and complete the problem material without an instructor's involvement, if that is the instructor's choice.
• All materials needed to complete the project are included, including the Peachtree by Sage Complete Accounting 2008 software.
• Repetition of key activities is included to reinforce learning, but it is minimized to keep the time required for the project reasonable and still help students learn the extensive features of Peachtree Accounting.
• There are extensive problem materials that require students to integrate what they learned in earlier chapters, including questions and problems about the wide variety of Peachtree Accounting features included above.
• The project can be completed by students on individual computers, in a computer lab or in a network environment.
• An extensive and detailed solutions manual is provided to professors to help assign chapters and grade student hand–ins.
• The entire project takes from 20–25 hours depending on the use of optional chapters and the number of assignments selected.

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Instructions & Assignments book:
   Chapter 1 – Introduction and Software Installation
   Chapter 2 – Familiarization
   Chapter 3 – Overview of Activities
   Chapter 4 – Practice: Sales and Cash Receipts Cycle
   Chapter 5 – Practice: Purchases and Cash Disbursements Cycle Activities
   Chapter 6 – Practice: Payroll Cycle and Other Activities
   Chapter 7 – Recording Transactions, Performing Month–end Procedures, Recording
      Year–end Adjusting Entries, and Printing Reports
   Chapter 8 – New Company Setup
   Chapter 9 – Access Controls
   Chapter 10 – Job Costing
   Chapter 11 – Time and Billing

Reference book: Introduction
   · Overview
   · Contents of Reference Book
   · Suggested Way To Use the Reference Book
Sales and Cash Receipts Cycle Activities:
   · Make a Sales Order
   · Make a Credit Sale Based On a Sales Order
   · Make a Credit Sale Without a Sales Order
   · Make a Cash Sale
   · Receive Goods on a Sales Return
   · Collect an Account Receivable
   · Write–off an Uncollectible Account Receivable
   · Receive a Miscellaneous Cash Receipt
   · Make a Bank Deposit
Purchases and Cash Disbursements Cycle Activities:
   · Prepare a Purchase Order
   · Receive Goods On a Purchase Order
   · Purchase Goods or Services Without a Purchase Order
    – No Payment Made at Time of Purchase
   · Pay a Vendor's Outstanding Invoice
   · Purchase Goods or Services Without a Purchase Order
    – Payment Made at Time of Purchase
   · Return Goods From a Purchase
Payroll and Other Activities:
   · Pay Employees
   · Prepare a General Journal Entry
   · Adjust Perpetual Inventory Records
   · Prepare a Bank Reconciliation
   · Perform Maintenance Activities
      Customer Maintenance
      Vendor Maintenance
      Inventory Item Maintenance
      Employee Maintenance
      General Ledger Account Maintenance

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This is what makes Peachtree by Sage Complete Accounting 2008 better:
   · The text materials include two books. The primary book is the Instructions & Assignments book. The second is a Reference book, which student first learn to use in Chapters 4–6, then use to help them process transactions and do other activities in subsequent chapters.
   · Both books are in four colors throughout to help students more easily compare their computer screens to the books and to make the materials more appealing.
   · The Reference book provides an overview of each type of transaction or other activity to help students understand what is occurring when the transaction or other activity is processed and the accounts affected by each transaction.
   · Internal controls are covered in two chapters. Processing controls are included in Chapter 3, which permits problem materials about processing controls throughout the remaining chapters. A separate optional chapter dealing with access controls is included later in the book.
   · Two optional chapters include job costing and time and billing.
   · Tear out sheets are provided to make it easier for students to prepare solutions and for professors to grade them.
   · The materials require students to use Navigation Centers to access windows instead of the Menu Bar. This helps students understand the overall accounting system as they deal with each type of transaction.
   · Three company data sets are included in the materials. Two are included by Peachtree Accounting and the other by the authors.
   · Peachtree Accounting is integrated with the Systems Understanding Aid for faculty who want to use both. For students using both, the transactions and other requirements in Chapter 7 are identical to permit comparison of manual and computerized systems. For students who have not done the Systems Understanding Aid, a separate option is included for the chapter's transactions and requirements to ensure similar learning.

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Help your students learn accounting processes and computerized accounting using two related supplements.

Use the Systems Understanding Aid and follow–up with Computerized Accounting using Peachtree by Sage Complete Accounting 2008. Both by Alvin A. Arens and D. Dewey Ward.
Students first use the Systems Understanding Aid, a manual accounting system, to learn accounting processes, flow of transactions, documents and records, recording transactions and all of the other benefits of that project. Doing the manual project benefits students by helping them to visualize the entire accounting process, including what happens at each step. They are also learning through reading flowcharts and preparing documents and doing such things as reconciling a subsidiary record and control account.

After completing the Systems Understanding Aid, students are then assigned Peachtree by Sage Complete Accounting 2008. One chapter in Peachtree by Sage Complete Accounting 2008 requires students to process the same transactions and other requirements included in the Systems Understand Aid and compare the results.

After students have done both projects, they will have a better understanding of what happens in computerized systems. This understanding facilitates exploring such topics as the documents used in computerized systems and computerized internal controls.

Instructors: To request a complimentary copy of Computerized Accounting using Peachtree by Sage Complete Accounting 2008 and/or the Systems Understanding Aid, click here to access the Complimentary Copies form on this website.

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Assignments include instructions, practice and reference material, and problems to enable students to learn Peachtree by Sage Complete Accounting 2008.

Chapter 1 – Introduction and Software Installation
Briefly introduces Peachtree Accounting. This chapter deals with installing the software using stand alone computers, lab settings or network installations.

Chapter 2 – Familiarization
Teaches students how to do such things as opening and closing Peachtree Accounting, opening company data sets, opening a variety of windows using Navigation Centers and entering information into windows.

Chapter 3 – Overview of Activities Using Peachtree Accounting
Provides an overview of the four primary Peachtree Accounting categories of activities: maintenance, processing information, obtaining information and reports. The chapter also deals with processing internal controls.

Chapters 4 through 6 – Practice
Three chapters teach students to process nineteen transactions and other activities, organized by accounting cycle. Students then use the information learned in Chapters 4–6 and the Reference book to process additional information in Chapters 7–11 without additional guidance.

Chapter 7 – Recording Transactions, Performing Month–end Procedures, Recording Year–end Adjusting Entries, and Printing Reports
Students process transactions, perform month–end procedures, record year–end adjusting entries, and print reports for a different company using knowledge gained in Chapters 2–6 with only the Reference book as guidance.

Chapter 8 – New Company Setup
Students learn to set up a company starting with no information in any data set. After performing all setup activities, students process a few transactions and prepare reports to hand in.

Chapter 9 – Access Controls
Teaches students how to limit access to Peachtree Accounting activities. The problem materials require students to decide and implement activities to limit information processing to reduce the likelihood of fraud and errors.

Chapter 10 – Job Costing
Deals with job costing information and how it is integrated with the processing students learned in earlier chapters. Students set up jobs and job costs for a simple and a complex job, then record transactions for those jobs.

Chapter 11 – Time and Billing
An optional chapter that deals with time and billing information for service organizations such as CPA firms. Students learn how time and billing is integrated with the processing students learned in earlier chapters. They set up time and billing for a customer, then record transactions for that customer.

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Extensive problem material is included in each chapter, ranging from simple questions to more difficult problems. Problem material starts in Chapter 2 and continues to the end of the book. Repetition is included in the problems and questions to reinforce material learned throughout the book, but data entry with no learning purpose is avoided.

Following are the key activities that are integrated throughout the questions and problems:
   · Processing transactions
   · Performing maintenance
   · Obtaining information from existing data
   · Printing documents and reports
   · Dealing with processing and access internal controls
   · Exporting to Excel and making changes in the information to prepare reports

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   · Instructions & Assignments that teach students how to use Peachtree by Sage Complete Accounting 2008. This book includes all assignments and requirements.
   · Tear out pages at the end of the Instructions & Assignments book with all questions and problems to make it more convenient for students to complete the assignments and for the instructor to grade them.
   · Reference book developed by the authors to help students learn the Peachtree Accounting software and to assist students in completing the assignments.
   · Full operating version of Peachtree by Sage Complete Accounting 2008 software.
   · Two data sets included by Peachtree Accounting and a third data set developed by the authors.
   · Instructor's Guide and Solutions, including considerable detail about how solutions were determined (available to instructors only).

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