Diploma of Accounting
Diploma in Accounting Program spread over 52 weeks (12.1 months) designed for the students wanted to join the field of accounting, finance 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 good communication skills at business place
Calculate different mathematical indicators
Demonstrate ability to use Microsoft office applications
Demonstrate intermediate level knowledge of accounting and related courses
Explain key features of financial accounting
Use major techniques of managerial accounting
Calculate taxes and other deductions
Calculate payrolls and deductions
Calculate different indicators of finance and personal finance
Demonstrate usage of software in accounting
Demonstrate accounts receivable and payable skills
Students will learn a variety of communication methods for the modern business office. Topics include verbal communications, telephone manner, standard formats for writing dynamic business letters, effective memos, messages and Emails
This course covers fundamental mathematical operations and their application to business problems. Topics include payroll, pricing, interest and discount, commission, taxes, and other pertinent uses of mathematics in the field of business. Upon completion, students should be able to apply mathematical concepts to business.
Computer Business Applications
Students will learn and practice current software MS Office 2000 to produce a variety of documents relevant to business needs. Students will learn and practice Microsoft Word, spreadsheet concepts, spreadsheet design and numerical analysis by using Microsoft Excel and learn how to plan and create dynamic presentations using PowerPoint software.
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.
Introduction to Finance
This course provides students with basic knowledge and understanding of dynamics and challenges involved in management. It also discusses concepts, theories and practices of management in the businesses. Emphasize will be on different functional areas to ensure organizational goals are achieved in an environmental culture and major functions of management in modern organizations.
Introduction to Personal Finance
This course focuses on Personal Financial Planning. The course creates a good understanding of concepts and discusses issues necessary to develop and achieve life-long personal financial goals. Main topics include foundation in financial planning, cash flow management, real estate management, investment management, insurance, debts and liabilities management.
Human Resource Management
This course introduces importance of human resource management through the management of systems and processes pertinent to recruitment, selection, training, development, benefits and measurement
Introduction to Business Law
This course is designed to give students an appreciation of the legislative environment of business through an exploration of contract and sales law, legal rights of employer and employee, and the regulatory requirements of forming a company. This course will engage students in a series of case studies.
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.
This is an introductory course relating to key concepts and practices of management accounting. The main objective of this course is to provide basic understanding of an affiliated field of financial accounting. This course includes topics on cost accounting fundamentals, costing methods, cost-volume-profit analysis, budgeting and control, and information for management control and decision analysis. Student will be able to apply most of the concept learned in previous accounting and finance courses. .