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ACC 207A - Financial Accounting for Decision Making
Quickbooks For the Web
Dr. Nas Ahadiat
Due Date: May 24, 2004


For your one-unit activity this quarter, you'll be using Intuit QuickBooks For the Web. This handout describes the instructions, assignments, and grading policy for this project. As noted in the syllabus, you will fail both ACC 207/207A if you do not complete the QuickBooks project or if you do not complete it before the end of the quarter. Assignments turned in after the due date but on or before the last day of class will be subject to only 50% of the possible points. Any assignments turned in thereafter will receive a grade of zero.

Although the Quickbooks project is an individual assignment, you may take advantage of the resources available in your group and seek assistance for preparing this or other ACC 207/207A activities.

Since you have a free thirty-day trial period during which you can complete the QuickBooks For the Web assignments, you should first read and familiarize yourself with the QuickBooks For the Web material prior to registering for the software. The time limit starts when you establish the QuickBooks For the Web account, and then you have unlimited time within those thirty days. If your time exceeds the thirty-day free trial period, Quickbooks will bill you the amount of $14.95 for an extra month of subscription. To the extent you can, therefore, try to schedule your work on the Quickbooks For the Web assignments within a thirty-day period before the due date.


Instructions
Use the following steps in completing the QuickBooks project.
1. Before establishing your Quickbooks account, read Parts 1 through 5 of Quickbooks For the Web updated text material to familiarize yourself with the software. In each part, do the chapter activities first. They provide the basic instructions that you'll need to follow in completing the end-of-chapter exercises.

2. When establishing your account be sure to use your real name as it will be the basis for matching your project with your name on the class registration.

3. After you have established the account, complete the chapter exercises at the end of each chapter. Also answer the Multiple-Choice and True/False questions. You might be seeing some of those questions on the course exams to ensure you're learning the concepts used in Quickbooks.

4. For grading purposes, you are required to complete Case Problems 1 and 2 at the end of the Quickbooks For the Web text material. Those problems give you the opportunity to apply what you've learned about Quickbooks in a more comprehensive setting. Complete Case Problems 1 and 2, and print where directed to do so in the text. Then, fill out the "Check Your Progress" questions for these two cases in the text.

5. Print the last month's Balance Sheet and Profit and Loss Statement for turning them to me on the due date indicated above. As with all our course assignments, I will not accept late or incomplete work. And, as noted above, you must complete all parts of the Quickbooks projects timely and professionally to receive full credit for the project. You will fail both ACC 207 & 207A if you miss the deadlines for Quickbooks, regardless of your performance in other course assignments.


Grading
For grading your work, I will be looking for the following materials:
1. The company must bear your legal name and as such your first and last names should appear at the top of each financial statement.
2. Print a copy of "check your progress" reports for Case Problems 1 and 2. The information presented in these reports must be typed and will be graded for accuracy. Errors here will reduce your grade.
3. Print a copy of the final Balance Sheet and last month's Profit and Loss Statement.
4. Be sure to indicate your group number on the cover page of your project.

We won't be spending any class time on Quickbooks. If you need help, I encourage you to work with your group. I'll also let you know when and where you can take advantage of tutoring on Quickbooks, if available.


Conclusion
Learning Quickbooks For the Web will give you a marketable skill to take away from ACC 207/207A, along with all the accounting knowledge you'll gain from this course. I encourage you to take this project seriously for two reasons: (1) it will help to increase your employability when you graduate and (2) it is a requirement of ACC 207/207A and a significant factor in the course grading system.

Good luck in working on the Quickbooks project.

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Website: http://www.mhhe.com/business/accounting/yachtessentials1e/
Choose Quickbooks, the third book on the right.

Under Information Center
Choose "TEXT UPDATES" and do all Parts and Case 1 and Case 2.

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