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College Accounting Level 2 – Focus College (Continuous Intake) | Focus College

College Accounting – 2

College Accounting Level 2 is a continuation of College Accounting 1 and focuses on Payroll procedures, Tax Responsibilities, Special journals, Banking procedures, Financial statements, GST/HST payments, Bad debts, and completing the Accounting cycle for a merchandising company.

Upon completion of the College Accounting Level 2 course the successful student will develop and demonstrate  ability to:

  • Work with Special Journals Basic Part 2
  • Record Sales, Purchases, Sales Returns, Sales Discounts, Purchase Returns, and Purchase Discounts
  • Handle Credit Memos
  • Use Purchase Requisitions, Purchase Orders, and Invoices
  • Record Transactions in Special Journals
  • Learn the Banking Procedures and Control of Cash
  • Reconcile the Bank Statements
  • Establish and Replenish Petty Cash Funds
  • Record Sales and Purchases That Include Taxes
  • Introduce GST, HST, and PST
  • Create, Record, and Post Debit Memorandums and Credit Memorandums
  • Understand Payroll Procedures: The Employee’s Perspective
  • Know and understand The Employer’s tax Responsibilities
  • Describe Principles and Procedures of Receiver General payments
  • Deal with Special journal with taxes
  • Prepare Worksheet for Merchandising Company
  • Prepare Financial Statements for a Merchandising Company
  • Record Adjusting and Closing Entries
  • Prepare A Post-Closing Trial Balance
  • Deal with Bad Debts and Write Off Method
  • Prepare Aging of Accounts Receivable
  • Completion of the Accounting Cycle for a Merchandising Company

College Accounting: A Practical Approach, Twelfth Canadian Edition Plus MyAccountingLab with Pearson eText — Access Card Package, 12/E

SLATER, North Shore Community College

Brian Zwicker, Grant MacEwan University

ISBN-10: 013374714X • ISBN-13: 9780133747140

Publisher: Pearson Education Canada

This course is based on continuous intake and students are able to start as soon as they are ready.

For more information please call 250-861-5808 or email info@focuscollege.com

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