BoardASSIGNMENT DESCRIPTIONDeliverable Length: 500-750 words OBJECTIVES Primary Discussion Response is due by Friday (11:59:59pm Central), Peer Responses are due by Tuesday (11:59:59pm Central). Pr

Category: Accounting

 BoardASSIGNMENT DESCRIPTIONDeliverable Length: 

500-750 words

OBJECTIVES

Primary Discussion Response is due by Friday (11:59:59pm Central), Peer Responses are due by Tuesday (11:59:59pm Central).

Primary Task Response: Within the Discussion Board area, write 500 – 750 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas:

Your client, Farm Branch Rentals has requested a meeting with you to discuss the process of converting from a manual to a computerized accounting system. Farm Branch Rentals has reviewed the material that you have given to them with the comparison of the different types of software that are available and have decided to make the transition to the computerized system you recommended in Unit 1 DB2. They are hesitant and want to know if this change would be worth the effort. 

For full credit prepare a 500 – 750 word memo in which you outline the following topics:

  • What are the major steps in converting from a manual to a computerized accounting system?
  • What documents and information will you need to convert to the computerized system?
  • What are the Internal Controls that need to be implemented?
  • Explain in detail the following:
    • how to set up the new company within the system
    • entering chart accounts
    • entering balances for the trial balance
    • reports used to reveal the above requested information
  • What are your personal thoughts on the software and the affect it will have on accounting within the company

Assignment OverviewUnit 2 – Individual ProjectASSIGNMENT DESCRIPTIONDeliverable Length: 

See assignment description

OBJECTIVES

Important Information:

  • Choose only 1 method to do the following assignment—use either QuickBooks and your PC or Excel and your mobile device.
  • The QuickBooks software cannot be installed on iOS or Android mobile phones or tablets. Students who wish to use mobile devices should use Excel.

Scenario: Your company, Farm Branch Rentals, has hired the four employees. Set them up with their own employee number and the given information (see below) within the computerized accounting system software selected. Set it up on a biweekly pay schedule. As you set up the employees, create your own holdings and allowances for these four employees, and explain the importance of setting these up accordingly. Be sure that each employee is different; have at least two employees participate in direct deposit. Explain each step of how to input this information within the software.

Refer to the e-book, Chapter 8—specifically section 8.5 (p. 350) for adding employees, and section 8.8 (p. 368) for paying via direct deposit—for assistance in completing this assignment.

Excel users, please complete the Employee Payroll tab on the ACCT210 Project Workbook Student Excel document.

Employee information:

Timothy Wright732 Left Road, Charlotte, NC 27117Social Security Number: 234-21-0974

Patty Williams8574 Briar Creek Road, Charlotte, NC 27117Social Security Number: 654-33-8897

Nicholas Brown876 Thigpen Road, Mooresville, NC 28761Social Security Number: 654-99-0953

Blake Taylor654 Redman Road, Statesville, NC 27663Social Security Number: 876-44-3762

Reminder: The QuickBooks software cannot be installed on iOS or Android mobile phones or tablets. Students who wish to use mobile devices should use Excel.

QuickBooks Users:

For full credit, submit a 3–5-slide PowerPoint presentation (not including the title slide) that provides the following:

  • 350–500 words of speaker notes per slide detailing how the set-up process was completed
  • Screenshots displaying the various steps
  • A final screenshot that shows the correct set up of the employee accounts
  • PowerPoint presentation of 3–5 slides, with 300–350 words of speaker notes that explains the process for setting up employees
    • Use screenshots in your presentation.
    • Provide detailed instructions as to how you completed the task.

Excel Users:

For full credit, submit a 3–5-slide PowerPoint presentation (not including the title slide) that provides the following:

  • 350–500 words of speaker notes per slide detailing how the set-up process was completed
  • PowerPoint presentation of 3–5 slides, with 300–350 words of speaker notes that explains the process for setting up employees
  • Detailed instructions as to how you completed the task
  • Excel Project Workbook with completed work

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