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    Accounting and Payroll Diploma

    Gain the skills and confidence you need to manage accounting & bookkeeping fundamentals. This program will provide you with the core foundations for becoming a professional in the world of accounting.

    Career Opportunities

    Program Detail

    Who should take this program?

    This program is for you if, you are:
    ☑ Detailed oriented, organized & a good communicator.
    ☑ Do value honesty & integrity.
    ☑ Looking to work in any Industry.
    ☑ Passionate in number crunching.
    ☑ Will to spend time helping people.

    Why you should take the program

    The Accounting & Payroll Program offered here at QCT is fairly comprehensive. We cover both theory and practicum in our program. At the completion of the program, you will have a variety of opportunities to connect with recruiters and potential employers for new job opportunities. The program offers the combination of Accounting, Canadian payroll and Tax knowledge. This diploma also, includes the practical study in accounting and bookkeeping fundamentals.

    Learn the foundation overview of Financial Accounting. Core Concepts taught include: accounting basics, forms of business organization, GAAP, financial statements preparation & analyze transactions using the accounting equation.

    Core Concepts taught include: Describing Assets, Liability & Owner’s equity accounts; analyze transactions using double-entry accounts; trial balance preparation; recording transactions; the accounting cycle.

    In this unit, some of the core concepts that will be taught include: timeliness, matching & recognition GAAP require the recording of adjusting entries, explain the use and prepare the adjusting entries for prepaid expenses.

    Understand the different challenges related to the different financial statements; explain & prepare a classified balance sheet; purpose and content of the auditor’s report; manager’s responsibilities for financial statements.

    Understand the fundamental principles of merchandising; and explain the financial component of sales; analyze and record the purchase transaction for a merchandizer etc.

    Learn the fundamentals of COGS, FIFO, Weighted Average; Explain the impact of financial statements of inventory flows and errors; Explain and calculate lower of cost and net resizable value of inventory adjustments.

    Define Internal Control and how it applies to cash; explain and Journalize petty cash transactions; explain the purpose and prepare a bank reconciliation, and record related adjustments; explain and record short-term notes receivables.

    Describe how the cost, property, plant & equipment is determined; explain, calculate, and record depreciation using the units-of-production; straight-line and double declining balance methods; explain, calculate, and record depreciation.

    Identify & explain the difference between current and non-current liabilities; Record & Disclose known current liabilities; Record & Disclose estimated current liabilities; explain, calculate & record non-current debt.

    Describe the nature of bonds and the rights of bondholders; Describe how bonds, premiums and discounts are recorded in the accounting records and disclosed on statements of financial possibilities.

    Identify & explain characteristics of the corporate form of the organization & classes of shares; Evaluate relative financing effects of bonds, common shares, and preferred shares etc.

    Explain the purpose of statement of cash flows; Prepare a statement of cash flows; Interpret a statement of cash flows.








      Gain the skills and confidence you need to manage accounting & bookkeeping fundamentals. This program will provide you the core foundations of becoming a professional in the world of accounting.

      Program Overview

      QCT College’s Accounting & Payroll program provides you the complete knowledge, skills & strategies required to become a professional accountant. You will gain in-depth knowledge, skills & strategies required in building your foundations in the field of accounting & payroll.

      Who should take this program?

      This program is for you if, you are:

      • Detailed oriented, organized & a good communicator.
      • Do value honesty & integrity.
      • Looking to work in any Industry.
      • Passionate in number crunching.
      • Will to spend time helping people.

      Why you should take the program

      The Accounting & Payroll Program offered here at QCT is fairly comprehensive.

      We cover both theory and practicum in our program. At the completion of the program, you will have a variety of opportunities to connect with recruiters and potential employers for new job opportunities.

      The program offers the combination of Accounting, Canadian payroll and Tax knowledge. This diploma also, includes the practical study in accounting and bookkeeping fundamentals.

      Learn the foundation overview of Financial Accounting. Core Concepts taught include: accounting basics, forms of business organization, GAAP, financial statements preparation & analyze transactions using the accounting equation.
      Core Concepts taught include: Describing Assets, Liability & Owner’s equity accounts; analyze transactions using double-entry accounts; trial balance preparation; recording transactions; the accounting cycle.
      In this unit, some of the core concepts that will be taught include: timeliness, matching & recognition GAAP require the recording of adjusting entries, explain the use and prepare the adjusting entries for prepaid expenses.
      Understand the different challenges related to the different financial statements; explain & prepare a classified balance sheet; purpose and content of the auditor’s report; manager’s responsibilities for financial statements.
      Understand the fundamental principles of merchandising; and explain the financial component of sales; analyze and record the purchase transaction for a merchandizer etc.
      Learn the fundamentals of COGS, FIFO, Weighted Average; Explain the impact of financial statements of inventory flows and errors; Explain and calculate lower of cost and net resizable value of inventory adjustments.
      Define Internal Control and how it applies to cash; explain and Journalize petty cash transactions; explain the purpose and prepare a bank reconciliation, and record related adjustments; explain and record short-term notes receivables.
      Describe how the cost, property, plant & equipment is determined; explain, calculate, and record depreciation using the units-of-production; straight-line and double declining balance methods; explain, calculate, and record depreciation.
      Identify & explain the difference between current and non-current liabilities; Record & Disclose known current liabilities; Record & Disclose estimated current liabilities; explain, calculate & record non-current debt.
      Describe the nature of bonds and the rights of bondholders; Describe how bonds, premiums and discounts are recorded in the accounting records and disclosed on statements of financial possibilities.
      Identify & explain characteristics of the corporate form of the organization & classes of shares; Evaluate relative financing effects of bonds, common shares, and preferred shares etc.
      Explain the purpose of statement of cash flows; Prepare a statement of cash flows; Interpret a statement of cash flows.