The objective of the Accounting and Payroll course is to train students in the practices of financial accounting and payroll in Canada. This program focuses on three key elements: the theoretical principles of accounting and payroll, the practical “hands on” skills required to do the job, and the communication skills needed to work within an office environment. Each successful student will have the necessary skills to enter into the workforce and maintain a complete set of books, both manually and with computerized systems.
In payroll, students will learn to maintain records of employee attendance, leave and overtime to calculate pay and benefit entitlements, using manual and computerized systems; prepare and verify statements of earnings for employees, indicating gross and net salaries and deductions such as taxes, union dues, garnishments and insurance and pension plans; prepare employee payments and benefit payments by cheque or electronic transfer; prepare T4 statements and other statements; and prepare and balance period-end reports and reconcile issued payrolls to bank statements.
In accounting, students will learn to calculate, prepare and issue documents related to accounts such as bills, invoices, inventory reports, account statements and other financial statements using computerized and manual systems; code, total, batch, enter, verify and reconcile transactions such as accounts payable and receivable, payroll, purchase orders, cheques, invoices, cheque requisitions, and bank statements in a ledger or computer system; compile budget data and documents based on estimated revenues and expenses and previous budgets; and prepare period or cost statements or reports.
The theoretical principles, the hands on practical, and the communication skills learned in the Accounting and Payroll courses ensure our graduates will be effective and efficient in an entry-level accounting or payroll position.