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Shirley Rogers
Accounting Applications on the Microcomputer
Acct 261
March 27, 2017
Assignments for Each Chapter
Chapter 1: An Interactive Tour of Quickbooks Accountant
1. Describe, in your own words, the various uses of Quickbook accountant.
The various use of QB accountant are for businesses to post/updates their accounts and
customers. An excellent system to post all accounts receivables, expenses, liabilities, retained
earnings, assets and owner’s equity, among many accounting transactions.
2. List the four basic features of Quickbook Accountant.
Four basic features of QBA are: Lists, forms, registers, reports
3. Describe how lists are used in quickbook Accountant.
Lists are used as names grouped together into different categories
4. Describe how forms are used in quickbooks accountant.
Forms are used to recordation of business activities
5. Name three forms used in quickbook accountant.
Three forms used in QBA are: Customer invoices, Vendors bill for goods, written check
6. Describe how registers are used in quickbook accountant.
Registers are used for all financial activity for a specified balance sheet account
7. Describe how reports and graphs are used in quickbooks accountant.
Reports and graphs are used to present the financial position and the operating results of a
company in a way that makes business decision making easier.
8. Describe the function of the centers in quickbooks accountant.
The function of the centers in QBA provides easy access to managing customers, vendors, and
employees and allows entering transactions for each.
9. Describe how to print a report in QB accountant.
Reports, Customers & Receivables, Customer Balance Detail, Print
10. Describe two of the Help features available in QB accountant.
The Help features available in QBA are: F1 and Learning Center Tutorials. Pressing F1 opens
a “Have a Question Window” Learning Center Tutorials are designed to help you get started in
QBA and provide an overview of important concepts and instructions for key tasks.
Chapter 1: Matching
1. D
2. E
3. I
4. A
5. B
6. H
7. C
8. F
9. G
Chapter 2: Preparing a Balance Sheet Using QuickBooks Accountant
1. List the preset ways in which QB Accounting can present a balance sheet.
The preset ways in QBA to present a balance sheet are: Standard, Detail, Summary, Previous
Year Comparison, by class, and Net Worth Graph
2. What time period alternatives does QB Accounting provide for a balance sheet.
3. List the steps you would take to create a balance sheet for a date other than the current
system date.
Change the "As Of" date and refresh
4. Describe the steps to generate a balance sheet in QB Accounting.
Steps to generate a balance sheet in QBA are: Report Center, Company & Financial, Standard
tab, List view icon, Balance Sheet Standard
5. Describe the steps to resize the columns of a comparative balance sheet.
Steps to resize the columns of a comparative balance sheet is to: Change the column text box
from the total only to month
6. Describe the different types of transactions by Account report on accounts receivable.
Using the QuickZoom transactions by Account report on accounts receivable allow you to
change amounts, you can remove date prepared, time prepared and report basis items. One
can examine invoices in numbers, customer payment received.
7. Describe how QuickZoom give you more information about a balance sheet.
a feature in quickbooks that allows you to view the transaction details that underlie amounts in a
report
8. How might a manager use QuickZoom to analyze a business’s financial position as
reported in a balance sheet.
9. List five ways you can customize a QB Accountant report.
10. Suppose you wanted to include a column in a balance sheet that described what
percentage each asset, liability and owners’ equity account was of the total assets
amount. How would you do this in QB Accountant.
Chapter 2 Matching
1. F
2. I
3. B
4. A
5. G
6. H
7. J
8. E
9. D
10. C
Chapter 3: Preparing an Income Statement Using QuickBooks Accountant
1. List at least three of the preset formats that QB Accountant provides for an income
statement.
The preset formats that QBA provides for an income statement are: Profit & Loss
Standard, Profit a& Loss Detail, Profit & Loss YTD Comparison
2. Identify the different periods of time that QB Accountant provides for an income
statement.
