Accounting I
Our Career Training in Accounting 1 is an intensive training that introduces you from fundamental bookkeeping and payroll to intermediate financial accounting and computerized accounting. This training covers three major courses:
- 1· Financial Accounting Level 1 (28 hours);
- 2· Payroll Level 1 (24 hours);
- 3· Computerized Accounting Level 1 (Sage50/QuickBooks) (28 hours).
In this training, you will acquire not only the basic bookkeeping skills, but also enable you to make the adjusting entries and prepare the financial statements. You will also be able to apply Canadian payroll compliance knowledge to manage employee records and to effectively communicate all aspects of the individual pay calculation process to external and internal stakeholders. This training is designed for beginning students or for those wishing to upgrade their skills. As no prerequisites or applications are required, everyone is welcome to register.
Financial Accounting Level 1 (28 hours)
Course Description
This course is a beginning approach to manual accounting. You will lean the theory and practice of accounting; includes procedures in the accounting cycle from journalizing, posting, and the trial balance through the preparation of financial statements, adjusting and closing entries, and the post-closing trial balance. Application of principles is made to service and merchandising enterprises.
Prerequisite: None
Description of Modules
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Chapter 1 |
Financial Statements and Business Decisions |
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Chapter 2 |
Analyzing changes in Financial Position |
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Chapter 3 |
Preparation of general journals and T-accounts |
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Chapter 4 |
Preparation of account ledgers and trial balance |
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Chapter 5 |
The Income Statement and Revenue, Expenses, and Drawings |
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Chapter 6 |
Preparation of Worksheets |
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Chapter 7 |
Adjusting Entries I |
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Chapter 8 |
Adjusting Entries II |
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Chapter 9 |
Completing the Accounting Cycle by using the worksheets |
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Chapter 10 |
Preparation of classified Financial Statements |
Payroll Level I (24 hours)
Section Description
This course introduces you the Canadian payroll concepts and principles, tax responsibilities, and annual reporting. You will know the payroll compliance responsibilities that affect organizations, apply payroll legislation and calculate individual pay. This includes all components of individual pay from remuneration, through deductions, to net pay for both regular and non-regular situations.
Prerequisite: None
Description of Modules
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Chapter 1 |
Introduction to Canadian Payroll |
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Chapter 2 |
Labour and Employment Standards |
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Chapter 3 |
Calculation of Gross Earnings |
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Chapter 4 |
Pensionable, Insurable, and Taxable Earnings |
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Chapter 5 |
Non-Statutory Withholdings From Payroll |
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Chapter 6 |
Calculation of Net Pay |
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Chapter 7 |
Employer Payroll Taxes and Premiums |
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Chapter 8 |
Accounting for Payroll |
Computerized Accounting (Level 1)
Our computerized Accounting courses introduce you step by step to the integrated computerized accounting system using Sage 50, 2017, or QuickBooks, 2017, for Windows. Upon completion, you will be able to establish company records; maintain daily transactions using the general ledger, accounts payable, accounts receivable, inventory, and payroll features; and create financial statements.
Sage 50 Accounting Level 1 (28 hours)
Course Description
This course introduces you how to perform daily accounting tasks using Sage 50 Accounting, which is used by many businesses in BC. Explore the home window and learn the core functionality while accessing the important modules containing the accounting journals used to enter business transactions, including the General Journal, Accounts Payable, Accounts Receivable, and Payroll modules.
Prerequisite
Please note this course is not intended as a bookkeeping course a basic knowledge of Windows & bookkeeping is recommended.
Required Materials:
Please bring your own laptop.
Description of Modules
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Chapter 1 |
Getting Started: Introduction to Sage 50 |
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Chapter 2 |
GST, HST and PST |
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Chapter 3 |
General Journal |
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Chapter 4 |
General ledger Setup |
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Chapter 5 |
Accounts Payable |
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Chapter 6 |
Accounts Receivable |
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Chapter 7 |
Receivables & payables Setup |
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Chapter 8 |
Payroll Journal |
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Chapter 9 |
Payroll ledger Setup |
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Chapter 10 |
Inventory |
QuickBooks Level 1 (26 hours)
Course Description
This course introduces you how to perform daily accounting tasks using QuickBooks including: working with the Customers Centre, the Employee Centre, and the Vendor Centre; writing cheques, transferring money between accounts, and reconciling accounts; working with asset, liability, and equity accounts; processing sales orders and recording customer payments; accounts payable and accounts receivable; entering and paying bills; and basic payroll functions. Students should be familiar with the following accounting terms: asset, liability, equity, balance sheet, trial balance, income statement, debit & credit, ledger & journal, accounts payable & accounts receivable, and federal government remittance process for GST/HST.
Prerequisite
Please note this course is not intended as a bookkeeping course a basic knowledge of Windows & bookkeeping is recommended.
Required Materials:
Please bring your own laptop.
Description of Modules
|
Chapter 1 |
Getting Started: Introduction to QuickBooks |
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Chapter 2 |
GST, HST and PST |
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Chapter 3 |
Cash Transactions |
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Chapter 4 |
General Journal Transactions |
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Chapter 5 |
Receivables & Payables Setup |
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Chapter 6 |
Creating a New Company |
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Chapter 7 |
Vendor Transactions |
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Chapter 8 |
Customer Transaction |
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Chapter 9 |
Discounts, Estimates, & Orders |
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Chapter 10 |
Payroll Transaction |
Marking Scheme
This course has in-class exercises weights 25%, assignments weighs 50%, and one final project weigh 25% toward the final grade.
Instructors have the discretion to make changes to the marking scheme deemed necessary. For details, please refer to individual class syllabus.
Grading scale:
|
A |
94 – 100% |
C+ |
75 – 79% |
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A- |
90 – 93% |
C |
70 – 74% |
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B+ |
86 – 89% |
D |
60 – 69% |
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B |
83 – 85% |
F |
0 – 59% |
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B- |
80 – 82% |
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Total Training Hours: 80 hours
Training Frequency: 3 hours at one time; twice a week; schedule with trainers
Training Duration: 14 weeks
Delivery Method: On-Campus or On-Sit (send trainers to participants’ workplace)
Tuition Fee:$3600.00
Instructors / Trainers:Natasha Lin / TBA
Class Capacity:
- · On-campus Training: Maximum 15 students per class
- · On-site Training:Maximum 10 students
