BOOKKEEPING
Program Outline
Major: BOKP
Length: 1 Year
Delivery: 2 semesters
Credential: Ontario College Certificate
Effective: 2011-2012
Location: Varies
Start: Varies
Description
This program provides students with the necessary knowledge and skills to perform effectively in entry-level bookkeeping, accounts receivable and accounts payable positions in business and industry. Students learn day-to-day operational bookkeeping and managerial accounting in a computerized business environment.
Career Opportunities
Bookkeeping lends itself well to career advancement into various Accounting roles in business and industry, both in profit and non-profit organizations. Furthermore, Bookkeeping skills enhance the small business and self-employment opportunities.
Program Learning Outcomes
The graduate has reliably demonstrated the ability to:
- maintain paper and electronic accounting records and prepare financial statements for sole proprietorships, partnerships, and corporations in accordance with Generally Accepted Accounting Principles;
- apply payroll record-keeping practices and procedures for both profit and non-profit organizations;
- describe and utilize the knowledge, skills and abilities required in successful business practice with a primary focus on financial administration;
- apply computer skills and knowledge of bookkeeping information systems to support financial statements and reports;
- apply knowledge of the Canadian income tax system, and competence to the preparation of personal income tax returns;
- use mathematical techniques to support the bookkeeping of a business organization including the preparation of financial information;
- apply effective business communication practices to support the bookkeeping function of an organization;
- apply ethics and corporate responsibility to all aspects of work completed.
Program Progression
Fall Intake
Sem 1 - Fall 2011
Sem 2 - Winter 2012
January Intake
Sem 1 - Winter 2012
Sem 2 - Summer 2012
Note: To confirm January start, contact the Office of the Registrar.
Admission Requirements
Applicants following the OSS curriculum must have an Ontario Secondary School Diploma (OSSD - 30 credits) or equivalent. OSS applicants also require Grade 12 English (C) or (U) (ENG 4C, ENG 4U).
Applicants who are 19 years of age or over by the first day of classes, and who lack the academic entrance qualifications, may be considered for entrance to an appropriate post-secondary diploma or certificate program as mature applicants. Each applicant will be considered on an individual basis and acceptance will be determined by counselling, Communication Placement Assessment (CPA), previous post-secondary education and evaluation of experience. Some programs also have specific prerequisite requirements that must be met prior to admission. Mature applicants must meet all program specific prerequisites. Those applying as mature students and having no documentation of Grade 12 education must supply, if required, proof of age, such as a copy of an official birth certificate or driver's licence. Refer to Sections 2.5 and 2.6 of the Academic Calendar for further details.
Graduation Requirements
9 Mandatory Courses
2 Communications Courses
1 General Education Courses
Graduation Eligibility
To graduate from this program, the passing weighted average for promotion through each semester, and to graduate is 60%. Additionally, a student must attain a minimum of 50% or a letter grade of P (Pass) or S (Satisfactory) in each course in each semester.
Mandatory
ACCT1000 Financial Accounting Principles 1
ACCT1001 Financial Accounting Principles 2
ACCT1002 Computerized Accounting
ACCT2003 Cost Accounting 1
BUSI1007 Payroll Compliance
BUSI1008 Payroll Fundamentals
COMP1003 Microcomputer Applications
FNCE2002 Taxation
MATH1002 Mathematics of Finance
The descriptions that follow provide brief outlines of the courses. Please note that some courses have prerequisite and/or corequisite requirements not shown here, that need to be met in order to enroll in the course. You will be advised of any requisite requirements during the registration process, or you can contact the academic area for further details.
Communications
COMM1001 Communications at Work
Plus one addition communications to be selected from College list
(Note: this is in addition to any mandatory communications listed for the program)
General Education Courses
To be selected from College list
COURSE DESCRIPTIONS
ACCT1000 Financial Accounting Principles 1 42.0 Hours
This introductory course in financial accounting covers the accounting cycle including preparation of financial statements for service and trading companies operating as single proprietorships. Also included are topics related to accounting for merchandising operations, accounting information systems, cash, temporary investments and accounts receivable.
ACCT1001 Financial Accounting Principles 2 42.0 Hours
This course continues the introduction and application of Generally Accepted Accounting Principles to current assets, current liabilities, and shareholders' equity.
ACCT1002 Computerized Accounting 42.0 Hours
This course introduces students to a multi-module accounting software program and demonstrates the many features of such a program.
ACCT2003 Cost Accounting 1 42.0 Hours
This course is an introduction to Cost Accounting as a Management tool. Emphasis will be placed upon the application of cost accounting theory in the solution of problems and case studies.
BUSI1007 Payroll Compliance 42.0 Hours
This course provides you with knowledge of an organization's payroll compliance responsibilities and how to communicate this information to stakeholders. In addition, you will develop working knowledge of the payroll tools and how to apply them to individual payroll scenarios.
BUSI1008 Payroll Fundamentals 1 42.0 Hours
You will acquire working knowledge of payroll legislation and individual pay calculations, including the components of pay from remuneration and deductions, to net pay for regular and non-regular situations.
COMM1001 Communications at Work 42.0 Hours
Students develop their communication skills for the workplace. Using available technology, they research, write and edit work-related correspondence and short reports, individually and collaboratively. With audio-visual support, they prepare and deliver professional presentations that have vocational emphasis. In addition, students complete other communication tasks specific to their vocational areas.
COMP1003 Microcomputer Applications 42.0 Hours
This course introduces the student to databases, worksheets, presentation software, and word processing. The intent of this course is to provide the student with a broad introduction to business computer applications. This course provides the student with hands-on learning and independent study.
FNCE2002 Taxation 42.0 Hours
This course introduces the student to Canadian Income Tax legislation and practice, related to the filing of personal income tax returns.
MATH1002 Mathematics of Finance 42.0 Hours
This introductory course is designed to develop a student's ability to perform basic mathematic operations and to apply mathematical techniques to a wide range of business problems. The mathematics of compound interest and annuities forms a major component of the course.
Adults with significant life and work experience may receive credits toward a college certificate or diploma program through an assessment process.
More information about Prior Learning Assessment and Recognition (PLAR)
NOTE: Information contained in College documents respecting programs is correct at the time of publication. Academic content of programs and courses is revised on an ongoing basis to ensure relevance to changing educational objectives and employment market needs. The college reserves the right to add or delete programs, options, courses, timetables or campus locations subject to sufficient enrolment, and the availability of courses.
Last Update: July 28, 2011.