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Accounting and Payroll Program Outline

(Please note that programs may be changed or upgraded to meet the demands of industry without notice)

Course Outline

Bookkeeping and Financial Accounting Level 1 & 2  

  • Analyzing and recording business transactions in the general journal
  • Posting to the general ledger accounts
  • Preparing trial balances
  • Recording adjusting and closing entries
  • Using Worksheets
  • Preparing Financial Statements  
  • Using Special Journals and subsidiary ledgers
  • Recording entries for merchandise companies, accounting for cost of goods sold, sales and purchase discounts.
  • Assigning costs to Inventory LIFO, FIFO, Moving Weighted Average, Specific Identification
  • Petty Cash and Bank Reconciliations
  • Payroll accounting

Intermediate Accounting    

  • Accounting for Capital Assets and intangible assets and current liabilities
  • Partnership accounting, admission and withdrawals
  • Preparation of Cash Flow Statements
  • Ratio analysis   

Computerized Accounting with Sage 50 Simply Level 1 & 2

  • Prepare journal entries using Sage 50 Accounting (formerly Simply Accounting)
  • Set-up general ledger accounts, accounts receivables and accounts payables
  • Add employees, inventories and projects to company file
  • Handle month/year end procedures  
  • Advanced accounting procedures using Simply Accounting
  • Set-ups: payroll; inventory; projects

Computerized Accounting with Sage 300 ACCPAC Level 1 & 2

  • Accounting procedures using SAGE ERP , formerly ACCPAC  
  • General ledger set-up; creating and posting transaction batches
  • General ledger reports and procedures; month/year end procedures  
  • Accounting procedures using SAGE ERP (accounts receivable/payable modules)
  • Accounts receivable: set-up; reports; procedures
  • Invoicing; cash; adjustment batches
  • System and manual cheques
  • Month/year end procedures using SAGE ERP  

Computerized Accounting with Quick Books

  • Maintaining company accounting records using QuickBooks
  • Set-up general ledger accounts, accounts receivables and accounts payables
  • Recording of transactions; period end procedures
  • Payroll

Payroll Fundamentals  

  • Calculate regular individual net pay including allowances, expenses, and benefits
  • Calculate non-regular individual net pay including bonus and vacation payments
  • Calculate termination payments
  • Calculate commission payments
  • Complete a Record of Employment
  • Communicate all aspects of individual pay requirements to various stakeholders  

Effective Business Writing

  • Focuses on learning writing techniques that ensure effective business communication
  • Achieve an effective style by using precise verbs, concrete nouns and vivid adjectives
  • Write memorandums and email messages that deliver information and make requests
  • Write letters and memorandums that request information concisely and promote goodwill
  • Write letters of appreciation, congratulation, sympathy, recommendation and introduction
  • Write effective formal and informal reports
  • Write a formal report including data, using tables, charts and graphs

Microsoft Word 

  • Process and edit text; use editing and writing tools; create and format tables
  • Create letters, envelopes and labels; use styles and templates
  • Use character, paragraph and page formatting features
  • Use page numbers, headers and footers, and sections
  • Insert, size and position a picture

Microsoft Excel Level 1 & 2

  • Students will work with typical office documents to practice spreadsheet skills with Microsoft Excel
  • Create, modify and print workbooks; create and format charts
  • Calculate with formulas and functions; work with ranges; sort data
  • Format worksheet text and values; add graphic elements

Student Success Strategies (Orientation)   

  • Emphasis is places on thinking about achieving success from day one, and developing the non-technical skills to enhance personal, academic and career success
  • Goal setting; time management and planning; money management
  • Learning styles; memory techniques and note taking; tests and writing techniques

Career and Employment Strategies     

This module takes the students through the entire job search process including:

  • Where and how to look for a job
  • Effective resume preparation
  • Creating a cover letter tailored to the position
  • Interview preparation
  • Job search management
  • Self-confidence and self-esteem building
  • Mock interviews 
  • Follow up after the interview