Accounting I

Our Career Training in Accounting 1 is an intensive training that introduces you from fundamental bookkeeping and payroll to intermediate financial accounting and computerized accounting.  This training covers three major courses:

  • 1· Financial Accounting Level 1 (28 hours);
  • 2· Payroll Level 1 (24 hours);
  • 3· Computerized Accounting Level 1 (Sage50/QuickBooks) (28 hours).

In this training, you will acquire not only the basic bookkeeping skills, but also enable you to make the adjusting entries and prepare the financial statements. You will also be able to apply Canadian payroll compliance knowledge to manage employee records and to effectively communicate all aspects of the individual pay calculation process to external and internal stakeholders. This training is designed for beginning students or for those wishing to upgrade their skills. As no prerequisites or applications are required, everyone is welcome to register.


Financial Accounting Level 1 (28 hours)


Course Description
This course is a beginning approach to manual accounting. You will lean the theory and practice of accounting; includes procedures in the accounting cycle from journalizing, posting, and the trial balance through the preparation of financial statements, adjusting and closing entries, and the post-closing trial balance. Application of principles is made to service and merchandising enterprises.


 Prerequisite: None


Description of Modules

Chapter  1

Financial Statements and Business Decisions

Chapter  2

Analyzing changes in Financial Position

Chapter  3

Preparation of general journals and T-accounts

Chapter  4

Preparation of account ledgers and trial balance

Chapter  5

The Income Statement and Revenue, Expenses, and Drawings

Chapter  6

Preparation of Worksheets

Chapter  7

Adjusting Entries I

Chapter  8

Adjusting Entries II

Chapter  9

Completing the Accounting Cycle by using the worksheets

Chapter 10

Preparation of classified Financial Statements


Payroll Level I (24 hours)


Section Description
This course introduces you the Canadian payroll concepts and principles, tax responsibilities, and annual reporting. You will know the payroll compliance responsibilities that affect organizations, apply payroll legislation and calculate individual pay. This includes all components of individual pay from remuneration, through deductions, to net pay for both regular and non-regular situations.


Prerequisite: None


Description of Modules

Chapter  1

Introduction to Canadian Payroll

Chapter  2

Labour and Employment Standards

Chapter  3

Calculation of Gross Earnings

Chapter  4

Pensionable, Insurable, and Taxable Earnings

Chapter  5

Non-Statutory Withholdings From Payroll

Chapter  6

Calculation of Net Pay

Chapter  7

Employer Payroll Taxes and Premiums

Chapter  8

Accounting for Payroll


Computerized Accounting (Level 1)
Our computerized Accounting courses introduce you step by step to the integrated computerized accounting system using Sage 50, 2017, or QuickBooks, 2017, for Windows. Upon completion, you will be able to establish company records; maintain daily transactions using the general ledger, accounts payable, accounts receivable, inventory, and payroll features; and create financial statements.


Sage 50 Accounting Level 1 (28 hours)


Course Description
This course introduces you how to perform daily accounting tasks using Sage 50 Accounting, which is used by many businesses in BC. Explore the home window and learn the core functionality while accessing the important modules containing the accounting journals used to enter business transactions, including the General Journal, Accounts Payable, Accounts Receivable, and Payroll modules.


Prerequisite
Please note this course is not intended as a bookkeeping course a basic knowledge of Windows & bookkeeping is recommended.


Required Materials:
Please bring your own laptop.



Description of Modules

Chapter  1

Getting Started: Introduction to Sage 50

Chapter  2

GST, HST and PST

Chapter  3

General Journal

Chapter  4

General ledger Setup

Chapter  5

Accounts Payable

Chapter  6

Accounts Receivable

Chapter  7

Receivables & payables Setup

Chapter  8

Payroll Journal

Chapter  9

Payroll ledger Setup

Chapter 10

Inventory


QuickBooks Level 1 (26 hours)


Course Description
This course introduces you how to perform daily accounting tasks using QuickBooks including: working with the Customers Centre, the Employee Centre, and the Vendor Centre; writing cheques, transferring money between accounts, and reconciling accounts; working with asset, liability, and equity accounts; processing sales orders and recording customer payments; accounts payable and accounts receivable; entering and paying bills; and basic payroll functions. Students should be familiar with the following accounting terms: asset, liability, equity, balance sheet, trial balance, income statement, debit & credit, ledger & journal, accounts payable & accounts receivable, and federal government remittance process for GST/HST.


Prerequisite
Please note this course is not intended as a bookkeeping course a basic knowledge of Windows & bookkeeping is recommended.


Required Materials:
Please bring your own laptop.



Description of Modules

Chapter  1

Getting Started: Introduction to QuickBooks

Chapter  2

GST, HST and PST

Chapter  3

Cash Transactions

Chapter  4

General Journal Transactions

Chapter  5

Receivables & Payables Setup

Chapter  6

Creating a New Company

Chapter  7

Vendor Transactions

Chapter  8

Customer Transaction

Chapter  9

Discounts, Estimates, & Orders

Chapter 10

Payroll Transaction



Marking Scheme
This course has in-class exercises weights 25%, assignments weighs 50%, and one final project weigh 25% toward the final grade.
Instructors have the discretion to make changes to the marking scheme deemed necessary. For details, please refer to individual class syllabus.


 Grading scale:

A

94 – 100%

C+

75 –   79%

A-

90 –   93%

C

70 –   74%

B+

86 –   89%

D

60 –   69%

B

83 –   85%

F

0 –   59%

B-

80 –   82%

 

 


 

Total Training Hours: 80 hours
Training Frequency: 3 hours at one time; twice a week; schedule with trainers
Training Duration: 14 weeks
Delivery Method:  On-Campus or On-Sit (send trainers to participants’ workplace)
Tuition Fee:$8,300
Instructors / Trainers:Natasha Lin / TBA
Class Capacity:

  • · On-campus Training: Maximum 15 students per class
  • · On-site Training:Maximum 10 students

Contact Us

Call us: Phone: +1 604-736-2378
United Pacific College
#2380-2385 8888 Odlin Cre
Richmond BC
Canada V6X 3Z8
Or send us an email E-mail: info.upccollege@gmail.com