Bookkeeping and Accounting
By: John Granelli
PROGRAM: Bookkeeping Services Specialist
It is one thing to properly keep books, using a double entry system. It is quite another to use that financial information to enable a business to meet its financial goals and make better management decisions throughout the year. Students who have completed Basic Bookkeeping for Business and others will be delighted with this course, which instructs the student on use of information within bookkeeping systems to assist business owners and their advisors to make business decisions.
CONTENT DESCRIPTION & KEY CONCEPTS:
This course in the Bookkeeping Services Specialist designation program is the perfect course for professionals in bookkeeping, tax and financial services to gain the skills needed to assist or direct the budgeting process. This course contains the new 2016 HST rate changes, references to IFRS and ASPE as well as an updated QuickBooks example.
CERTIFIED SKILLSETS: The student will learn the difference between management and financial accounting. The student will learn the use of information within bookkeeping systems to assist business owners and their advisors to make business decisions. The student will understand the role and functions of internal and external accountants involved in managerial accounting, how to format account analysis, how to record and analyze transactions around fixed asset acquisitions and dispositions, basic budgeting components, assumptions, forecasts and formats, sales budgeting, cash flow budgeting, the basics of cost accounting, periodic management on a monthly and annual basis featuring Sage 50 and Quickbooks accounting software.
Using online demonstrations linked to topics in each chapter, the student will learn how to use Sage 50 and Quickbooks accounting as a tool for extracting, analyzing, formatting and reporting information to management for making business decisions.
PRACTICE MANAGEMENT THESIS: Formal Case Study. The student will apply the knowledge gained in the course to prepare a budget for a sample company.
KNOWLEDGE BUREAU TOOLS INCLUDED:
OTHER TOOLS INCLUDED:
- Sage 50 software
- Quickbooks software