Clover Cellars: An Accounting Practice Set with Quick-Books
1 Jan 2004
McGraw Hill Higher Education
"Clover Cellars with Quickbooks" is a two-way accounting practice set that uses Quickbooks computerised accounting software. A manual/Excel version is also available. Students undertaking the manual version first will achieve a thorough grounding in the accounting process while the Quickbooks version introduces students to a general business package. The perpetual stocktake system is used and no prior knowledge of Quickbooks is assumed. Students are also provided with full background information about the business.Completion of this practice set will help introductory students of accounting enhance their understanding of: the accounting cycle; the chart of accounts; recording transactions; identifying transactions from original source documents; recording transactions in the general and special journals; double-entry accounting; posting transactions from journals into the general and subsidiary ledgers; preparation of a trial balance; end-of-period adjustments; preparing a bank reconciliation statement; closing entries; compilation of financial information on a worksheet; preparation of accounting reports, including the profit and loss statement and balance sheet; preparing a post-closing trial balance; the opportunity to work through a major exercise in Quickbooks; and, exposure to real-world computerised accounting systems.