Accounting & Payroll Courses

Program Details Program Code:
School: MacMillian Institute of Applied Health Sciences
Credential: Ontario College Certificate
Program Type: ACC # 02
Program Length:2 weeks
Location: College Campus/Online
COST: $ 800

ACCOUNTING and PAYROLL Introduces students to the essentials of double entry bookkeeping. Students will learn how to record transactions under varying scenarios. They will learn about recording different transactions in appropriate books of accounts, accounting terminology, chart of accounts, Accounting Cycle, GAAP, different reports– Trial Balance, Balance Sheet, income Statement, inventory control and methods of inventory control and valuation, etc.

Computerized Accounting introduces students to electronic bookkeeping and accounting using Simply Accounting and QuickBooks. The students will learn how to install and set up the software, set up a set of company books, create data files, make journal entries, accounts receivables, accounts payables, inventory and bank reconciliation.

Payroll is one of a series of accounting transactions dealing with the process of paying employees for services rendered, after processing of the various requirements for withholding of money from the employee for payment of payroll taxes, insurance premiums, employee benefits, garnishments and other deductions, if any it covers the basics of payroll practices and procedures.

Taxation course will teach you to do your own tax return with confidence, plan tax strategies that save you money, keep up-to-date on new tax changes, help others prepare their tax returns, minimize your tax liability, find answers to your tax questions and determine which deductions and credits apply to you.

PRE-REQUISITES: Basic English Proficiency


Financial Accounting: I

Accounting Transactions and Financial Statements

Accounting: The Key to Success

Financial Statements and Accounting Transactions

Analyzing, Recording Transactions and Adjusting Accounts

Analyzing and Recording Transactions

Adjusting Accounts for Financial Statements

Completing the Accounting Cycle and Classifying Accounts

Accounting for merchandising activities

Accounting for Merchandising Activities

Merchandise Inventory and Cost of Sales, Internal Control & Cash

Merchandise Inventory and Cost of Sales

Accounting Information Systems

Internal Control and Cash


Payroll Liabilities

Payroll Liabilities

Financial Accounting II

Capital Assets and Goodwill

Capital Assets and Goodwill

Current Liabilities

Current Liabilities

Partnerships and Corporations


Organization and Operation of Corporations

Corporate reporting and Bonds & Note Payable

Corporate Reporting: Income, Earnings Per Share, and R.E.S

Bonds and Long-Term Notes Payable

Accounting for Debt & Share Investment; Reporting & Analyzing Cash Flows and Financial Statements

Accounting for Debt and Share Investments

Reporting and Analyzing Cash Flows

Analyzing Financial Statements


Simply Accounting

Introduction & Cash Transactions Statements

General Journal posting and Setting up a simple Non-profit Co.

Accounts Payable and Receivable

Discounts, Estimates, Orders, banking, account reconciliation & tax remittance

Setup a new company, Payroll and Inventory and practice co.

QuickBooks PAYROLL

Payroll Fundamentals

New Employment Information

Employment Income Regular Earnings

EI-Allowances, Expenses, etc.

Non -Regular Payments

Non- Statutory Deduction

Termination of Employment

Record of Employment

Commission Payments