Peachtree Software

جامعة الامام عبدالرحمن بن فيصل

كلية إدارة الأعمال

قسم المحاسبة

Imam Abdulrahaman Bin Faisal University College of Business Administration Department of Accounting

(Second Semester 2021-2022)

Assignment II- Peachtree Software

10%

Computerized Accounting I

Submission Deadline: 24th April, 2022

*No submissions will be accepted after 24th April, 2022

Guidelines:

1. All exercises are to be done using Peachtree Software based on tasks.

2. Assignment is to be conducted in groups of 3-4 students. Each member of group will be required to explain the assignment at time of submission.

3. Plagiarism or copying the assignment with other group will result in No Marks to be awarded to both of the groups’ members.

4. Please make sure you saved the company in Peachtree for later discussion purposes.

5. You must include a cover page as the first page to your group submission. The cover page should have the following information:

a. CBA Logo

b. Name of Course, Course Code, & Course Instructor

c. Group number & ID numbers of students in group

d. Submission Date

e. Group number as a header & Page numbers as a footer

6. Submission is to be made by one member only as follows:

a. ONE pdf softcopy of company introduction with relevant screenshots and reports generated from Peachtree via blackboard. (naming of the file as follows: ACCT411Assignment2_Section#_Group#)

b. ONE back up file of your Peachtree company via email. Subject line: ACCT411Assignment2_Section#_Group#)

7. No questions regarding the assignment will be entertained by instructor after 14th April, 2022.

Assignment Details:

One-page introduction about your company. Introduction of your imaginary company will also be required such as area of business, main products, pricing of products etc. along with the following tasks on Peachtree Software:

Task One: Company Setup (5 Marks):

A. Create a Company

· Select a Name & Address of Your company

· Select a Business for your company

· Select a Business Area

· Select a Chart of Accounts

· Select accounts information

B. Create sample 5 Employees

· Provide All Required information as per Form in Software

C. Create 5 sample Vendors

· Provide All Required information as per Form in Software

D. Create 5 Sample Customers

· Provide All Required information as per Form in Software

E. Add at least 5 products as your Business Area

· Provide All Required information as per Form in Software

Set up a new company based on one of the several sample companies. Accounting method should be Accrual. Posting method is real time posting. (Reference to Chapter #9 of Peachtree Lectures)

Task 2: Operational Task (5 Marks)

1. Create 5 supposition Sales and Record Sale return in the Software

2. Create 5 supposition Purchases and Record Purchase return in the Software

3. Create 5 supposition Payroll Entries in the software

4. Assign security by creating Password for your account in Peachtree.

5. Show following financial Statements:

A. Inventory records at the moment

B. Chart of Accounts

C. Employee records at the moment

D. Payroll Journal

E. Accounts Payable at the moment

F. Vendor Master File

G. Accounts Receivable at the moment

H. Costumer Master File

*If any of the above report has blank data, fill the sample record in software to provide view of financial data.

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