Certificate of Bookkeeping & Payroll
Bookkeeping & Payroll is a Certificate program spread over 20 weeks (4.7 months) designed for the students wanted to join the field of bookkeeping, payroll and taxation in the modern environment nationally and internationally. This program will be delivered through a variety of methods including lectures, assignments, projects etc and will be supervised by the individuals who are expert in their filed.
Program Admission Requirements
High school diploma or equivalent, or age 19 and above; Minimum of 60% on Winston College English Placement Test or a minimum of IELTS 5.0.
Learning Outcomes / Objectives:
Upon completion of this program the student will be able to:
demonstrate the knowledge, skills and attitudes necessary to function effectively as frontline member of bookkeeping and payroll community
complete accounting cycle for business
complete adjusting entries at the end of accounting period
prepare financial statements
file tax returns for individuals
file tax return for businesses
complete employees deduction process
remit due amount to relevant authority in Canada
prepare timely, relevant and reliable accounts of businesses
This course will cover an in-depth learning of accounting terms, account classifications, the accounting cycle and the different stakeholders. Students will study and practice office bookkeeping skills using daily journals, monthly journals and posting to the General Ledger, adjusting entries, closing entries and preparing trail balance.
The course provides students with an appreciation of analysis and interpretation of accounting information on financial statements to the decision-making, including the measurement of income and expense, property plane and equipment. Learning will continue with the creating and analysing financial statements.
Canadian Payroll & Taxation
The main objective of this course is to provide basic understanding of Canadian payroll and taxation system. This course provides an overview of the requirements for processing payroll calculation and administrating the payroll to employees, government agencies and other parties in compliance with Canadian laws, regulations, and contractual arrangements. This course is also an introductory one relating to key concepts and practices of taxation in Canada. Further students will also learn filing returns of personal tax and corporate tax with dealing in GST/HST.
Accounting on software 1; QuickBooks
After learning necessary aspects of accounting 1&2, this course will provide the students an opportunity to get equipped with the latest instruments used in the field of accounting. Most of small businesses in Canada used QuickBooks for accounting purposes. QuickBooks will be easy for students as the learners would already have learned the basics of accounting.
Accounting on software 2; Sage 50
After learning necessary software accounting through QuickBooks, Sage 50 (formerly known as Simply Accounting) will provide the students an opportunity to get equipped with more elaborative and detailed latest instruments used in the field of accounting. Sage 50 Accounting Software is one of most widely used accounting software in Canadian business for accounting purposes. As students will start from basics of Sage 50 and will go for a complete accounting cycle and some of intermediate level functions of the software.