Commerce: Accounting, Tax, & Payroll Diploma

This program assists students in seamlessly transitioning to a post-secondary education setting and equips them with the necessary tools to succeed in the workforce. You will learn about various learning styles, effective goal-setting strategies, note-taking techniques, and successful testing methods, all of which will help you maximize your academic and professional achievements. Additionally, this program will equip you with valuable skills to enhance your learning experience and excel in your chosen career path.

What you will learn:

• Identify what makes a successful post-secondary student
• How to foster growth development and create goal-setting techniques
• The advantages of notetaking during reading and mastering the skill
• The best methods for test preparation

Outlook is a popular email program made by Microsoft that many offices use. Using this program, you can learn how to manage files, edit text, and print files you receive in your email. These are essential things to know if you work in an office and use Outlook daily.

What will you learn:

• How to set up new email accounts
• Assigning categories to tag, label and group messages
• Use tracking options for messages
• Create and set up automatic replies

Knowing how to use the most popular word processing program for both Windows and Macintosh computers is essential for getting an office job. In this course, you’ll learn how to create and edit Word documents practically, hands-only. You’ll learn about formatting and manipulating text to make your documents look professional.

What will you learn:

• Inserting page numbers, reusable building blocks and hyperlinks
• How to use researcher and clipboard
• Using field documents
• Recording, saving, editing and running automated macro tasks

Students will be taught how to make a helpful spreadsheet using Microsoft Excel in a practical way. Learn by doing activities that require other skills that will help them understand the software better and learn its main features. They will learn how to put in and structure data and then use formulas to make the data more meaningful. They will also learn how to create charts and graphs to show their findings.

What will you learn:

• Use the quick analysis tool to calculate totals
• Create, modify, and execute queries
• Use auto fillers and slicers to filter and sort data
• Adding, changing and forecasting values using Trendlines

This program teaches how to deliver compelling and polished oral presentations using effective speaking methods. Topics include essential strategies for preparing, delivering, and handling inquiries after presentations. Furthermore, students are trained in producing visual aids that can boost the impact of their presentations.

What You Will Learn:

• Know the different forms of communication
• Know the obstacles that inhibit communication
• Recognize the importance of nonverbal communication as a powerful instrument for captivating an audience
• Discover effective methods and approaches to deliver an engaging and persuasive presentation

Managing the digital business world can be challenging, with new developments emerging regularly. However, certain fundamental principles remain constant and are crucial to achieving productive results. Enhance your skills in project management, networking, and implementing sound marketplace practices like product trading and efficient daily operations management.

What You Will Learn:

• The concepts of business, product, and profit essential for any business endeavour
• How businesses may encounter obstacles related to economic factors, legal regulations, political environments, societal norms, cultural differences, and technological challenges when operating globally
• Why before launching your own business, it’s crucial to carefully consider the pros and cons of running it as a sole proprietorship
• Why for small businesses to succeed, they must stay current on demographic, technological, and economic trends that may affect them

Welcome to this module aimed at enhancing your workplace conduct and productivity. You will discover how your actions in the workplace can impact not only yourself but also your colleagues, teams, and other groups you interact with. It covers various topics, including communication, cultural and personal differences, office politics, and the benefits of healthy workplace communication. It’s an excellent opportunity for students looking to improve their professional skills.

What You Will Learn:

• Demonstrate objective knowledge and skill development
• How biases create barriers to social perception
• The difference between needs theories and process theories of motivation
• How decisions through participating organizations can improve the quality of service

This course teaches practical communication skills for the workplace, including written and verbal techniques, active listening, conflict resolution, negotiating, and business presentation design. Students learn to express themselves clearly and persuasively in writing, engage audiences through storytelling, and tailor messages for different audiences.

What You Will Learn:

• Factors that impact an organization’s communication levels and methods
• The four document design principles and how they contribute to creating effective documents
• How to craft direct, organized, and positive responses to inquiries
• Strategies for crafting compelling sales messages that utilize visual elements, persuasive appeals, and compelling calls to action

This module examines crucial subjects like financial statement preparation, income statements, balance sheets, and short and long-term assets and liabilities. In addition, it emphasizes developing a thorough comprehension of shareholders’ equity within the Generally Accepted Accounting Principles (GAAP) framework. The purpose is to establish a firm grounding in accounting principles, providing the necessary knowledge and accuracy to navigate the intricacies of financial accounting.

What will you learn:

• Become proficient in understanding the content and objectives of financial statements and exploring the importance, applications, ethical considerations, and societal responsibilities associated with accounting
• Explain the accounting cycle, accounts, debits, credits, transaction recording methods, and trial balances
• Create adjusting entries for prepaid expenses, depreciation, unearned and accrued revenues to understand their impact on financial statements
• Calculate current and debt-to-equity ratios to understand a company’s financial state and overall financial condition

The advanced accounting and payroll course further gives students a greater understanding of financial accounting principles. Topics covered include financial statements, income statements, balance sheets, and management of assets and liabilities and shareholders’ equity under GAAP. The aim is to develop students’ accounting skills and knowledge of accounting principles.

What will you learn:

• Analyze a company’s financial components and understand the difference between PST, HST, and GST
• Learn how to calculate the cost of goods sold and inventory using various methods and understand internal control principles for practical application
• Explain accounts receivable, documentation, allowance method, turnover ratios, and days’ sales uncollected
• Calculate depreciation with different methods to better understand the concept

The Computerized Bookkeeping – QuickBooks course teaches an easy transition from manual bookkeeping to computerized accounting processes. Designed to provide practical, hands-on experience focusing on configuring and inputting financial data, you will learn income and expense information, client and supplier records, invoicing procedures, and payment transactions. Students gain proficiency in these skills through immersive activities.

What will you learn:

• Master QuickBooks and stay current with its applications in different work environments
• Use QuickBooks to create detailed and summarized financial reports that capture essential information
• Learn how credit purchases affect QuickBooks reports
• Learn how to make precise General Journal entries using QuickBooks’ tools and functions

This course provides a thorough understanding of the legislative framework and procedural aspects of income tax preparation and submission in Canada. Through an in-depth exploration of the Income Tax Act, students will gain valuable insights into its complexities and the importance of adhering to its regulations. Additionally, learn the knowledge and skills required to identify different types of income, assess capital gains and losses, determine allowable deductions and their limitations, and effectively complete the tax return filing process.

What will you learn:

• Explain the different views on income from economists and accountants
• Explain how to file income tax and its different ways
• Learn about how accounting relates to income tax and understand employment income’s basic principles and concepts
• Explain the difference between refundable and non-refundable tax credits and how they affect income tax calculations

Here, students learn about income tax preparation and submission. The module covers the Income Tax Act rules and how to follow them. Learn to identify different types of income, calculate capital gains and losses, deduct expenses, and submit their tax returns correctly.

What will you learn:

• Explain the difference between spending money on things that generate income and those that don’t
• Explain how to determine what should be included in business income
• What is change-in-use, and how does it affect capital gain/loss calculations
• Examine GST/HST’s method for transaction-based sales tax application approach

The Payroll I course provides students with a thorough grasp of Canada’s payroll laws, including the necessary structure to ensure precise employee compensation and timely remittances to the Canada Revenue Agency. The course will cover essential topics such as payroll’s foundational principles, exact deduction calculations, legislative compliance, and the clear communication of accurate payroll information. Furthermore, there is an emphasis on establishing policies and procedures for making informed business decisions.

What will you learn:

• Understand how labour and employment standards affect payroll calculations and determine employee compensation
• Decide the right amount to be deducted from employees’ earnings by court orders, ensuring compliance with the law
• Understand the difference between an organization that hires employees and provides contracted services to understand employment relationships clearly
• Provide a detailed explanation of the steps and paperwork involved in employer registration, including any requirements that must be fulfilled

This advanced course provides a greater understanding of Canadian payroll regulations. It covers establishing a system for accurately compensating employees and submitting remittances to the Canada Revenue Agency. Subjects covered include a range of topics such as payroll basics, deduction calculations, compliance with laws and regulations, clear communication of payroll information, and developing policies and procedures to support informed business decision-making.

What will you learn:

• Understand how to accurately send employee withholdings to the right third parties on time
• What compensation can employees receive after losing their job, and what legal factors are involved
• Examine four different ways to use computers for payroll. Look at what each one can do, what’s good about it, and what’s not as good
• Discuss the importance of reporting to the Workplace Safety and Insurance Board and Employer Health Tax within specified timeframes

In the field of business, managerial accounting, also known as cost accounting, involves a range of activities that aim to identify, quantify, analyze, interpret, and communicate financial and operational information to managers. This discipline is essential in evaluating and tracking the performance of an organization. This course covers various topics, such as budgeting, profit and loss analysis, and production and inventory costing, which provide a comprehensive understanding of the managerial accounting framework and its practical application in modern business contexts.

What will you learn:

• Understand how globalization and lean business models affect managerial accounting and decision-making in organizations
• Understand costing and how it helps with decision-making. Evaluate the costs and benefits of different options
• Learn the basic principles and concepts of managerial accounting to understand its fundamentals
• Learn to create financial statements in different styles and structures to communicate financial information effectively

In today’s job market, acquiring essential communication skills is crucial to securing employment. This course aims to help you stand out from the competition by teaching you how to find and seize job opportunities. You will learn how to plan and write an impressive resume that catches employers’ attention, navigate the job market, and develop practical oral communication skills to increase your chances of landing your dream position.

What You Will Learn:

• How to build a strong resume and LinkedIn profile
• The AIDA (Awareness, Interest, Desire, and Action) style for cover letters
• The steps involved with job interviews
• How to properly prepare for a job interview

Put your accrued knowledge to the test in this hands-on project that will simulate real-life situations you will encounter professionally. This is an excellent opportunity to earn practical experience for your resume and get a feel for your future employment.