Bookkeeping and Accounting Practices


 

Note: This program has Fall and Winter start dates.


 

Bring Your Own Device (BYOD): As a student in this on-campus program, you will require a mobile computing device that meets the specifications outlined by your program at Mobile Devicehttp://algonquincollege.com/byod

(Please note this was previously referred to as a Mobile Learning Program)

Another Mobile Device ImageeTextbooks: As a student in a program that has adopted etextbooks, your required texts and digital resources will be provided to you at the beginning of each term (with the exception of general education electives). For more information and associated fees, go to http://www.algonquincollege.com/etextbooks/

Related Programs:
Bookkeeping (Online Learning, Part Time, On Campus)

Ontario College Certificate
1 Year(s)

Program Code: 1315X01FWO
Academic Year: 2016/2017



Our Program

This one-year Ontario College Certificate program provides students with the knowledge and skills required to process and record day-to-day financial transactions and perform related business activities. Bookkeeping and payroll clerks enter the data that causes bills and employees to be paid and cash to be collected from customers. They also support accountants and managers by providing the basis for information used in business to make decisions, control performance and plan activities.

Students identify and apply business processes by maintaining paper and computerized financial records, such as entering purchases, payments, sales, collections and payroll. Employing commonly used accounting software and spreadsheet tools, students practice the skills to work effectively in a variety of accounting and bookkeeping roles. Students can earn credit toward the Payroll Compliance Practitioner designation with the Canadian Payroll Association.

Graduates from this program may find entry-level employment in the operational areas of accounting, bookkeeping and payroll in a variety of industries for small to large organizations. Graduates may also work as self-employed entrepreneurs in the field of bookkeeping.

SUCCESS FACTORS

This program is well-suited for students who:

  • Are adaptable and enjoy problem solving.
  • Communicate effectively with people in a variety of capacities.
  • Work well under pressure and are deadline driven.
  • Perform well working both independently and collaboratively.
  • Possess a keen eye for detail.
  • Have a high standard of ethics.
  • Have strong organizational skills.
  • Are comfortable using technology and software.

Your Career

Graduates may find employment in entry-level bookkeeping and payroll positions in a variety of business organizations in roles, such as payroll clerk, accounts payable clerk, accounts receivables clerk, billing clerk, debt collections, office administration roles with accounting tasks, accounting clerk, bookkeeper or accounting assistant. Graduates may also work as self-employed entrepreneurs.

Learning Outcomes

The graduate has reliably demonstrated the ability to:

  1. Prepare and maintain manual and computerized financial reports for organizations in accordance with Canadian accounting practices in a timely and accurate fashion.
  2. Identify and apply Canadian and Ontario payroll record-keeping practices, procedures, requirements and regulations to employee compensation.
  3. Describe and navigate business structures and interrelationships from the perspective of the finance and accounting department.
  4. Apply Canadian compliance standards to the preparation of basic statutory and non-statutory business filings.
  5. Apply fundamental mathematical methods and procedures to support bookkeeping practices and the preparation of financial information.
  6. Produce accurate and appropriate formats of inter- and intra-office communications according to accounting and finance department conventions.
  7. Practise ethical behaviour and corporate responsibility in all aspects of work completed.
  8. Identify and apply discipline-specific practices that contribute to the local and global community through social responsibility, economic commitment and environmental stewardship.

Courses

Programs at Algonquin College are delivered using a variety of instruction modes. Courses may be offered in the classroom or lab, entirely online, or in a hybrid mode which combines classroom sessions with online learning activities. Upon registration, each full-time student is provided an Algonquin email account which is used to communicate important information about program or course events.
Level: 01 Hours
ACC1100 Bookkeeping The ability to accurately record the day-to-day transactions is an essential skill for bookkeepers and office administration staff. Students complete the full accounting cycle, from identifying and recording business transactions through to the preparation of financial statements, while following Generally Accepted Accounting Principles. In-class activities focus on the manual preparation of a complete set of accounting records. 60.0
ACC1101 Payroll Compliance Payroll compliance is mandatory for any organization with employees. Students apply the laws governing payroll and the tools to find solutions to a variety of basic payroll scenarios. Through a combination of theory and practical activities, students become familiar with the responsibilities affecting organizations and effectively communicate these issues to stakeholders. 45.0
ENL1103 Business English Fund Clear and effective written communication is critical in business. Students develop vocation-specific vocabulary and stylistic skills essential to convey requests and reports. Through assignments and activities, students practice writing and speaking in a tone and using language suitable to their audience and environment. 45.0
GED2013 Interpersonal Relations In the context of increased use of technology in today's workplace, the human touch remains a cornerstone of business interactions and the successful achievement of goals. Students analyze interpersonal relations and effective digital communication in the workplace. Discussions and projects investigate important contemporary topics including cultural diversity, teamwork, problem solving and ethics. Students are provided with an opportunity to develop productivity, stress management skills and other competencies for building relationships in the workplace. 45.0
OFF1100 Computer Found In today's world, effective communication depends on effective use of information technology and computer software. Students identify and describe computer file structures, perform Internet research, create spreadsheets and presentations, and apply principles of time management. Through hands-on, in-class and online activities using office productivity software, students produce multi-page documents related to the accounting and bookkeeping function. 45.0
QUA1100 Business Math Found Math is fundamental to accounting and bookkeeping. Students review basic mathematics calculations, equations and functions to record basic accounting and bookkeeping transactions. Through lectures, short assignments and quizzes, students apply mathematical concepts to real-world business problems. 60.0
Level: 02 Hours
ACC1201 Payroll Fundamentals I Compensation is key to employee recruitment and retention and one of the largest business expenses. Students examine the following topics: maintaining payroll records; calculating pay for salaried, hourly, commission and contract workers; benefits; deductions; payroll journal entries; terminations; introduction to year-end reporting and any required Canadian compliance. Through a series of in-class labs and activities, students are exposed to and discuss local employment standards and computerized payroll.

Prerequisites: ACC1100 and ACC1101
60.0
ACC1202 Statutory Compliance Governments and regulatory authorities require organizations to meet performance and documentation standards, and submit reports and payments for a variety of business activities impacting a variety of functional areas. Students are introduced to the different types of requirements with which businesses are expected to comply. Students identify and prepare these submissions by completing hands-on activities, participating in classroom discussions and supporting each other collaboratively in groups.

Prerequisites: ACC1100 and QUA1100
45.0
ACC1211 Accounting The ability to maintain accounting records and implement systems of internal control are essential skills for bookkeepers. Students maintain a complete set of computerized accounting records for a merchandiser, including accounts payable and receivable systems. Students are also introduced to cash management practices, including bank reconciliations and petty cash. In-class activities focus on exercises that simulate electronic record-keeping and group work that involves establishing internal controls. 60.0
ENL1813B Communications I Communication remains an essential skill sought by employers, regardless of discipline or field of study. Using a practical, vocation-oriented approach, students focus on meeting the requirements of effective communication. Through a combination of lectures, exercises, and independent learning, students practice writing, speaking, reading, listening, locating and documenting information and using technology to communicate professionally. Students develop and strengthen communication skills that contribute to success in both educational and workplace environments. 45.0
OFF1200 Spreadsheet Appl Accountants and bookkeepers use spreadsheets to calculate and record information and produce reports. Students create, manage, calculate, assess and communicate data using spreadsheets. Through a series of practical activities students build on their skills with office productivity tools and mathematic functions to manage data and prepare increasingly sophisticated reports.

Prerequisites: OFF1100 and QUA1100
45.0
OFF1201 Introduction to Business Processes Businesses are made up of many operational areas that perform distinctly different activities. Students discuss the interrelationship between the various functional areas of business, business trends, the role of government and regulators, marketing, operations, human resources and financial management. Through a combination of lectures, classroom discussion,independent research and group assignments, students become familiar with an overview of organizational structures as they relate to professionals in a changing business landscape. 45.0

Fees & Expenses   

2016/2017 Academic Year

Total Fees for the first year of the program:

Domestic tuition/ancillary fees: $4,485.30. *

International tuition/ancillary Fees: $14,011.34. *

* Amounts include tuition fee, program specific lab and material fees, applicable eText fees, Students` Association fees and compulsory ancillary fees. Fees are subject to change. For detailed fees information please visit www.algonquincollege.com/ro/pay/tuition-and-expenses

Note: For further information regarding your books, please visit http://www.algonquincollege.com/etexts

Books and supplies cost approximately $900 and can be purchased at the campus store.

Students write examinations that may count toward the Payroll Compliance Practitioner Designation.

Additional fees of approximately $300, plus taxes associated with Canadian Payroll Association online course tools and testing will apply and are paid to the Canadian Payroll Association.

www.payroll.ca

www.payroll.ca/CPA/cert/en/Certification/Certification_-_Main.aspx

Fees for part-time programs are charged on a course-by-course basis and are published on each individual course page. An annual membership fee to the Canadian Payroll Association of approximately $165, plus taxes will apply. For questions related to fees, please call the Registrar`s Office at 613-727-0002.

All Canadian Payroll Association prices are subject to change without notice.

Admission Requirements   

2017/2018 Academic Year

College Eligibility

  • Ontario Secondary School Diploma (OSSD) or equivalent. Applicants with an OSSD showing senior English and/or mathematics courses at the Basic Level, or with Workplace or Open courses, will be tested to determine their eligibility for admission; OR
  • Academic and Career Entrance (ACE) certificate; OR
  • General Educational Development (GED) certificate; OR
  • Mature Student status (19 years of age or older and without a high school diploma at the start of the program). Eligibility may be determined by academic achievement testing for which a fee of $50 (subject to change).

Program Eligibility

  • English, Grade 12 (ENG4C or equivalent).
  • Mathematics, Grade 11 (MBF3C or equivalent).
  • Applicants with International transcripts must provide proof of the subject specific requirements noted above along with proof of either:
    • IELTS-International English Language Testing Service-Overall band of 6.0 with a minimum of 5.5 in each band. OR
    • TOEFL-Internet-based (iBT)-overall 80, with the minimum of 20 in each component: Reading 20; Listening: 20 Speaking: 20, Writing: 20

Should the number of qualified applicants exceed the number of available places, applicants will be selected on the basis of their proficiency in English and mathematics.

Application Information

Applications to full-time day programs must be submitted with official transcripts showing completion of the academic admission requirements through:

ontariocolleges.ca
60 Corporate Court
Guelph, Ontario
N1G 5J3
1-888-892-2228

Students currently enrolled in an Ontario secondary school should notify their Guidance Office prior to their online application at ontariocolleges.ca

Applications for Fall Term and Winter Term admission received by February 1 will be given equal consideration. Applications received after February 1 will be processed on a first-come, first-served basis as long as places are available.

International applicants applying from out-of-country can obtain the International Student Application Form at https://algonquincollege.force.com/myACint/ or by contacting the Registrar`s Office.

For further information on the admissions process, contact:

Registrar`s Office
Algonquin College
1385 Woodroffe Ave, Room C150
Ottawa, ON K2G 1V8
Telephone: 613-727-0002
Toll-free: 1-800-565-4723
TTY: 613-727-7766
Fax: 613-727-7632
Email: AskUs@algonquincollege.com

Additional Information

Canadian Payroll Association membership per year costs approximately $165, plus HST.

Online course tools and examination fees for the Canadian Payroll Association courses cost approximately $300, plus HST.

For more information, please contact Program Coordinator Rod Delcourt, at delcour@algonquincollege.com or 613-727-4723 ext. 2497.

Every attempt is made to ensure the accuracy of the information in this publication. The College reserves the right to modify or cancel any course, program, fee, timetable, or campus location at any time