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
Financial Accounting II
Capital Assets and Goodwill
Capital Assets and Goodwill
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
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.
New Employment Information
Employment Income Regular Earnings
EI-Allowances, Expenses, etc.
Non -Regular Payments
Non- Statutory Deduction
Termination of Employment
Record of Employment