Accounting and Payroll

 

Accounting and Payroll Diploma program provide students with foundation and advance knowledge of the  Accounting and Payroll. Comprehensive designed of the program enables students to learn step by step. Graduates are  needed to preparing Financial Statements, Bookkeeping, Budgeting, Preparing  Payroll, Opening New Business, Filing tax and HST to Canada Revenue Agency.

This program is approved as a vocational program under the Ontario Career Colleges Act, 2005.

Admission Requirement:

  • 12 OSSD/High School Graduate or Mature Student Status (18 years of age)
  • Successful completion of entrance test
  • Admissions interview

Carrier Opportunities: Accounting and Payroll diploma  provides the skills  to work in accounting and payroll related jobs.  Graduate can open their own business and  also can  join  at various positions  as:

Account Payable

Account Receivable

Payroll Clerk

Bookkeeper

Income Tax Preparer

Costing Clerk

Tax Clerk

Introduction to Accounting:  Included accounting terminology, rules of debt and credit and presentation  formats for various financial statements.

Financial Accounting 50 :  It will include different organization as  sole proprietorship, partnerships and corporation. Capital assists and amortization, analysis of business transaction, and accrual and cash basis accounting

Financial Accounting 100: Accounting information system, basic auditing, internal control  managing cash and making ethical judgement

 Financial Accounting 101:  Accounting equation and preparation of financial statements, merchandising operation,  and bank reconciliation

Financial Accounting 102: Prepaid and Accrual, account payable and receivable,  intangible and capital assists and amortization.

MA 101: System design, cost classification, cost behaviour analysis and use, budgeting

Fundamental of Taxation 101: Personal taxation, computation of net income, refundable and non-refundable tax credits, capital gain

Payroll Management 101: Accounting for payroll, payroll deduction, remitting source deductions, termination and commission payments, employer payroll cost, employee fringe benefits, complete a record of employment.

Software Application:  Application of accounting software  (Quick books  and Sage 50), preparing financial statements, creating receipt and  purchase orders,  bank reconciliation,  finance charges, account payable and  account receivable

Employment Strategies:   Personality development and job search. Preparation of resume and interview