Accounting Administration

KNOWLEDGE & SKILLS GAINED

PROGRAM OUTLINE

Diploma in Accounting Administration - The Diploma in Accounting Administration at CIMT College prepares students for positions in Accounting and Administration. During their course of study, the students gain theoretical as well as practical training in various aspects of the field of accounting.

Student Success Strategy - Trains on techniques & skills to achieve success in personal and professional life.

English I - Develops college-level grammar, vocabulary, sentence variety, paragraph structure, reading, and writing skills, which are necessary for success in all other courses.

Business Communication - Introduces the principles of effective written and oral communication.

Computer Fundamentals and Internet - Trains on basic computer skills, creating and managing documents and using internet.

Keyboarding Skills – Helps learn how to touch type for improved speed and accuracy on the keyboard.

Microsoft Word, Excel, PowerPoint - Introduces word processing, spread sheets, power point presentations.

Microsoft Excel - Develops skills in customizing the Excel Interface.

Microsoft Access - Assists in designing database, controlling data entry and application enhancement through database utilities.

Microsoft Outlook - Explores the basic and advanced features of Outlook.

Microsoft Word - Creates proficiency in customizing the Microsoft Word environment

Financial Accounting I - Provides fundamental concepts of accounting, analyzing & recording financial transactions, preparing income statements and fund flow analysis.

Financial Accounting II - Introduces various categories of capital assets, their amortization and accounting for intangible assets.

Business Values and Ethics - Introduces the basic categories and framework of business ethics.

Administrative Procedures - Educates and trains about the dynamic work environment in Canadian businesses and offices.

Business Mathematics - Provides the foundation in Mathematics and related concepts used in businesses and industries.

Corporate and Business Law I - Introduction to the Canadian Legal System, courts, tribunals, and procedures, including torts, contract law, sole proprietorship, partnerships, and corporations. Explore employment law, termination and dismissal, collective bargaining, and consumer protection and safety. Students also learn about environmental law, real estate laws and land transactions, intellectual property, patents, trademarks, bankruptcy and insolvency in Canada, and associated legislation.

Human Resource Management - Elaborates need for human resources and how to maintain an efficient & effective workforce.

QuickBooks, Sage 50 (Simply Accounting) - Introduces students to the implementation of computerized accounting software packages, recording of accounting transactions, development of financial statements, as well as creating an appropriate accounting system using a business database. It also introduces students to the use of both accounting software Sage 50 and QuickBooks to complete an entire accounting cycle.

Income Tax - Corporate - This Taxation course will teach you to do your own tax return with confidence, plan tax strategies that save you money, keep up-to-date on new tax changes, help others prepare their tax returns, minimize your tax liability, find answers to your tax questions and determine which deductions and credits apply to you. Students receive an introduction to corporate income tax including Corporations, Partnerships and Joint Ventures, as well as Acquisitions and Divestitures. 

Income Tax - Personal - This Taxation course will teach you to do your own tax return with confidence, plan tax strategies that save you money, keep up-to-date on new tax changes, help others prepare their tax returns, minimize your tax liability, find answers to your tax questions and determine which deductions and credits apply to you.

Fundamentals of Payroll - Fundamentals of Payroll is one of a series of accounting transactions dealing with the process of paying employees for services rendered, after processing of the various requirements for withholding of money from the employee for payment of payroll taxes, insurance premiums, employee benefits, garnishments and other deductions, if any. It covers the basics of payroll practices and procedures.

Professional Skills - Trains on interpersonal skills required for successful induction and working in professional world.

WHY THIS PROGRAM?

Administration comprises of a huge industry which offers a variety of job openings at different levels of hierarchy. After pursuing a Diploma in Accounting Administration you can scale new heights in your profession with your skills and expertise in the area of financial accounting and administration.

Graduates with Accounting Administration become valuable members of business organizations like Finance, Insurance, Banking, Real Estate and Leasing, Business Services, Public Administration offices as well as Trade Industries.

ASSOCIATED NATIONAL OCCUPATION CLASSIFICATION (NOC) CODES

After pursuing a Diploma in Accounting Administration you are eligible for positions falling under the following NOC Codes

NOC - 14200 - Accounting Clerks – They calculate, prepare and process bills, invoices, accounts payable and receivable, budgets and other routine financial records according to established accounting procedures.

Common Job Titles which you can apply for include - Accounting Clerk , Accounts Payable Clerk, Accounts Receivable Clerk, Audit Clerk, Billing Clerk, Budget Clerk, Costing Clerk, Deposit Clerk, Finance Clerk, Freight-Rate Clerk, Invoice Clerk, Ledger Clerk, Tax Clerk, Tax Return Preparer

NOC - 12200 - Book Keeping - Bookkeepers maintain complete sets of books, keep records of accounts, verify the procedures used for recording financial transactions, and provide personal bookkeeping services.

Common Job Titles which you can apply for include – Accounting Technician, Bookkeeper, Bookkeeping clerk, senior bookkeeper etc.

JOB FUNCTIONS

Accounting and related clerks perform some or all of the following duties:

• Calculating and preparing bills
• Issuing bills and creating customer invoices
• Preparing Account statements
• Maintaining and filing Financial Records
• Recording business transactions
• Budgeting on the basis of revenue and expenditure analysis
• Calculating costs and overheads for preparing quotes and prices
• Preparing reports for presentations and discussions
• Regular clerical duties for record maintenance

Bookkeepers perform some or all of the following duties:

• Preparing and maintaining various accounts
• Preparing statistical, financial and various other accounting reports
• Preparing trial balances of books
• Posting journal entries
• Account reconciliations
• Calculating and preparing payroll cheques, tax returns and other bills
• Ledger maintenance
• Preparing financial statements
• Performing personal bookkeeping services

JOB REQUIREMENTS

Job openings in the field of Accounting usually seek a person who has completed college or other accounting and book keeping courses. Since majority of the firms are now using accounting software for management of their data, knowledge of computerized accounting software is considered an asset.

While entry level jobs ask for no experience or one to two years experience, higher positions can be sought for once you gain some practical experience in the actual workplace.

EMPLOYMENT AREAS & PROSPECTS

Accounting Administration course develops skills which open up a wide range of areas and industries for employment. The most common employers include Banks and related financial institutions, Government financial departments, Insurance and real estate organizations, Accounting and Book keeping firms, wholesale and retail industries, Manufacturing Units, Import and Export houses etc.

For more information on Employment Prospects related to Diploma in Accounting Administration please refer to the recent job listings column on this webpage for real time job openings.