Accounting, Tax and Payroll Administration | Commonwealth College
Accounting, Tax and Payroll Administration
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Accounting, Tax and Payroll Administration Diploma Program in Winnipeg

As a skilled Accounting, Tax and Payroll Administrator, you will find employment in a variety of fields including bookkeeping, financial accounting, payroll and personal income tax preparation.

In our program, you will acquire a command of financial and managerial accounting, accounting software, business communications, payroll, and personal income tax preparation.

What to expect:

Accounting, Tax and Payroll program provides you with the accounting, technical and office management skills that are required to succeed in this diverse field.

Industry-experienced instructors will prepare you for various ATP positions by providing hands-on learning experiences.

Career Opportunities:

Rewarding career opportunities can be found in a variety of areas including:

  • Accountant Assistant / Technician
  • Junior Accountant / Bookkeeper
  • Income Tax Preparer
  • Invoicing & Billings Clerk
  • Payroll Administrator
  • Inventory Assistant
  • Office Assistant / Coordinator

WHAT YOU COULD EARN UNDER A YEAR

$25,748 – $52,701

PROGRAM LENGTH

Theory 580 hours
Capstone Project 80 hours
Total 660 hours

How Do I Get Started?

We offer multiple start dates to give you flexibility in your education, life, and work schedules.

Jan 10, 2022 TO Sept 2, 2022
June 20, 2022 TO Feb 17, 2023

Course Fee

Registration Fee : $225.00 CAD
Tuition Fee : $7,524.50
Training Completion Fund (TCF) : $75.25 CAD
Books & Supplies Fee : $721.50 CAD
Total Fees : $8,546.25 CAD
Courses Covered
Course Duration : 40 Hours
Course Overview :

The Accounting Fundamentals course will give you the basic accounting knowledge you need to effectively manage your personal finances or even do some bookkeeping for your company. … Bookkeeping is the first, foundational part of the accounting process — recording financial transactions.

Course Duration : 40 Hours
Course Description :

This course explores the basic principles and techniques underlying the financial statements typically issued to the general public. Generally accepted accounting principles, the accounting transaction cycle, financial statements and the specific items, which make up the balance sheet are examined.

Learning Outcomes :

The broad aims of the course are to provide you with a sound introduction to the:

  • general concepts of financial accounting
  • procedures used in the preparation of financial statements, and the
  • use of accounting information in financial decision making

Financial accounting is the scorekeeping system of a business. It is a system of accumulating data on past business activities and events and reporting them to decision making parties (primarily external to the organization) upon which they make their decisions; therefore, the accountant has a very important role and responsibility in the operations of a business.

Course Duration : 40 Hours
Course Description :

This course will focus on the current financial reporting requirements and practices for liabilities and shareholders’ equity for companies reporting under IFRS and PE GAAP (ASPE) standards.

Learning Outcomes :

Upon completion of this course, students will:

Examine and assess the current financial accounting reporting applications under private entity GAAP and IFRS as it relates to valuation of liabilities and equity. Specific course objectives are:

  • Describe the basic principles underlying the accounting and reporting practices for common current liabilities and several non-financial liabilities
  • Explain the accounting issues related to long term debt and financial liabilities given their growing importance in capital markets
  • Explain accounting issues for share and equity instruments, retained earnings and other shareholders equity components
  • Describe compound and hybrid debit and equity instruments, including stock options
  • Calculate basic and diluted earnings per share
  • Discuss basic guideline sunder IFRS and PE GAAP for reporting income taxes
  • Account for pensions under IFRS and PE GAAP standards
  • Prepare a statement of cash flow
  • Account for leases under IFRS and PE GAAP standards

The homework is the minimum amount suggested to enhance your understanding of the course. You should attempt more problems if you are experiencing difficulties. It is expected that you have read the material and attempted the homework assignment before class.

Course Duration : 60 Hours
Course Overview :

This course in managerial accounting introduces students to the use of accounting information for internal management decision-making. The internal user focus is a notable contrast to the emphasis in financial accounting of reporting the results of a company’s operations to external users. The course is designed from the perspective of the general manager, and its primary purpose is to develop the ability to use rather than to prepare accounting information.

Course Goals :

Specifically, this course should help you to

  • Apply basic cost concepts to develop costing systems that will determine the cost of a company’s products or services. Accurate cost data is an essential prerequisite for proper managerial decision-making.
  • Apply management accounting concepts and techniques in order to make wise choices between competing alternatives. This requires the ability to extract relevant information from accounting records, reports or statements, and to properly use this information.
  • Explain management control systems and utilize these concepts in evaluating the performance of managers, products, or economic units.
Learning Objectives :

The course will also address the following learning goals:

  • Ethics: students will be exposed to ethical situations in assigned homework questions and classroom discussions
  • Communications: students will be encouraged to participate in classroom discussions and will be evaluated on written communication on examination papers.
  • Quantitative methods: students will develop skills in basic quantitative analyses in assignment homework questions and classroom activities
  • Critical thinking: students will be expected to determine which decision analyses are required in various situations, the underlying assumptions and limitations of the analyses, and what additional information should be considered.
Course Duration : 40 Hours
Course Overview :

Course Description: An introductory course of the QuickBooks Pro accounting software, including setting up a new company and chart of accounts; recording transactions with customers, vendors and employees; managing lists; running reports and customizing them; changing forms and generating letters.

Objectives :

Every student will be able to:

  • Start QuickBooks Pro Accounting
  • Identify parts of the screen
  • Set up QuickBooks
  • Work with lists
  • Enter sales and invoices
  • Customize forms
  • Enter payments, deposits, paying bills
  • Work with bank accounts
  • Analyze financial data
  • Track and pay sales tax
Course Duration : 80 Hours
Course Overview :

In this introductory income tax course, students explore the field of professional tax preparation services for individuals and self-employed business owners. Students discover how to apply the principles, rules, and guidelines that govern each type of T1 tax filing. Students are exposed to fundamental income tax topics, including individual taxpayer rights, taxpayer obligations and requirements. Students learn to analyze records of taxable income, compute the necessary information to produce T1 tax returns. Students will learn to use CRA approved personal tax software.

Learning Objectives :

By the end of this income tax course, students will have demonstrated the ability to determine and prepare everything that an individual and self-employed business are required to file for income tax purposes. To achieve critical performance, students will have demonstrated the ability to:

  • Research provincial and federal legislation concerning income taxes
  • Identify the rights and obligations of taxpayers and the CRA as they relate to the Income Tax Act
  • Identify and calculate specific income and deductions from employment, business and property revenue sources
  • Distinguish between personal, business, property, investment and other income
  • Differentiate between the type of tax filing required for individuals, Self-Employed Businesses and Corporations
  • Identify the appropriate situations and supplies which require an application of the HST
  • Calculate and apply the principles and skills related to Input Tax Credit and differentiate between taxable vs exempt and allocation items
  • Describe and explain the difference between employees vs contractors vs consultants
Topics Covered in The Income Tax Course :
  • Background and Theory of Taxation
  • Taxpayer Rights and Obligations
  • Employment Income
  • Basics of Individual Tax Filing
  • Income from Business Activities
  • Income from Property
  • Income from Capital Gains
  • Harmonized Sales Tax
  • Contractors and Commissions
Course Duration : 80 Hours
This module will cover the following: :

Payroll Legislation: This course is the first core payroll course in the Payroll Compliance Practitioner (PCP) certification program. Students must first register with the post-secondary institution and pay the tuition fees. Students must also register with the Canadian Payroll Association and pay the Association’s course fee and membership fee, if applicable.

Course Description :

This course will provide students with the payroll-related legislation affecting organizations, as well as the tools to find information and apply that information to different payroll scenarios.

Students who complete the course will know the payroll compliance responsibilities that affect organizations, be able to comprehend legislation and effectively communicate these to all stakeholders.

Learning Outcomes :
  • describe payroll’s objectives and stakeholders
  • identify an employee/employer relationship
apply federal and provincial legislation to payroll including :
  • Canada Pension Plan
  • Employment Insurance
  • Income Tax
  • Employment Standards Legislation
  • Workers’ Compensation Acts
  • Manitoba-specific legislation
  • communicate the payroll compliance requirements to various stakeholder

This course is the second core payroll course in the Payroll Compliance Practitioner (PCP) certification program. Students must first register with the post-secondary institution and pay the tuition fees. Students must also register with the Canadian Payroll Association and pay the Association’s course fee and membership fee, if applicable.

Students who complete this course will be able to apply payroll legislation and calculate individual pay. This includes all components of individual pay from remuneration, through deductions, to net pay for both regular and non-regular situations. Students will have the content and skills to effectively communicate all aspects of the individual pay calculation process to external and internal stakeholders.

Learning Outcomes :

Upon completion of this course, students will:

  • calculate regular individual net pay including allowances, expenses, and benefits
  • calculate non-regular individual net pay including bonus and vacation payments
  • calculate termination payments
  • calculate commission payments
  • complete a Record of Employment
  • communicate all aspects of individual pay requirements to various stakeholders

This course is the final core payroll course in the Payroll Compliance Practitioner (PCP) certification program.

Students who complete this course will be able to calculate and report the government and third-party remittances, year-end requirements, discuss payroll technology solutions and account for payroll at the compliance level for the organization. Students will be able to effectively communicate these organizational processes and requirements to internal and external stakeholders.

Learning Outcomes :

Upon completion of this course, students will:

  • calculate organizational remittances to federal, provincial and third party stakeholders
  • prepare accounting documentation for payroll
  • complete federal year-end documentation
  • complete year-end documentation for the province of Manitoba
  • discuss the role of technology in facilitating organizational compliance with both internal and external stakeholders
  • communicate all aspects of organizational remittance, accounting and year-end requirements to various stakeholders
Course Duration : 100 Hours

Canada’s business environment requires that individuals communicate effectively, persuasively and ethically in written, verbal and interpersonal communications. During this course, students will learn how to plan, write and review a variety of business communications vehicles from presentations to letters to informational reports and business proposals. Using a combination of teaching methods – lectures, discussion, small group, in-class writing and editing projects, and in-class tutorials, this course will help develop participant’s critical thinking and analysis, research, writing, editing and presentation skills. Special emphasis will be placed on developing appropriate business language skills (spelling, grammar, punctuation, voice and tone).

Learning Outcomes :

Upon completion of this course, students will:

  • Demonstrate an understanding of basic communication theories
  • Recognize the components of a communication strategy for business
  • Critique communication strategies and techniques for business situations and contexts (group communication, listening, non-verbal communication)
  • Recognize the influence of culture & diversity on communication
  • Compose effective business writing projects in a variety of formats
  • Identify, select and compile information using appropriate technology and information systems
  • Apply ethical standards of business communications to coursework
Course Duration : 40 Hours
Course Overview :

In this course, students will learn how to use Microsoft Excel to create and format spreadsheets that will assist in business decision making, financial planning and data analysis. By the end of this course, students will have the ability to create, format, edit, print and save worksheets that have headers/footers, images, and charts.

Learning Outcomes :

Upon completion of this course, students will:

  • Create, navigate and save an Excel workbook
  • Move, duplicate, Sort cell contents
  • Format cells, including style, theme, images and arrangement
  • Utilize effective file management skills
Course Duration : 40 Hours
Course Overview :

In this course, students will build on the skills learned in Excel Essentials. Students will gain practical experience in the use of Excel for formulas, calculations and analysis. By the end of this course, students will be able to successfully use Excel as a tool for completed accounting tasks and financial decision making.

Prerequisites :

Excel Essentials or a successful Prior Learning Assessment

Learning Outcomes :

Upon completion of this course, students will have the knowledge and skills necessary in order to:

  • Insert and use formulas within cells
  • Move, duplicate, sort and calculate Data
  • Format and create charts
  • Make financial projections and decisions
  • Confidently utilize Excel as a tool for completing accounting tasks
Course Duration : 40 Hours
Course Overview :

In this course, students will be introduced to basic accounting principles and procedures associated with the role of an administrator. Throughout this course, students will have many opportunities to practice skills such as recording transactions, completing financial statements and preparing accounting documents for a company.

Learning Outcomes :

Upon completion of this course, students will have the knowledge and skills necessary in order to:

  • Understand basic accounting concepts and procedures
  • Know how to record transactions in T-accounts using the rules of debits and credits
  • Know how to prepare financial statements
  • Calculate pay, routine deductions and net-pay for employees
  • Prepare company payroll summary
  • Understand the annual responsibilities associated with the T4 tax form
Course Duration : 40 Hours
Course Overview :

In this course, students will learn the basic theory and application of financial accounting. This course will provide students with an introductory understanding to reading, analyzing and creating various financial statements, understanding the concepts and procedures that make up the accounting cycle and the relevance of financial information aligned with real world contexts.

Learning Outcomes :

Upon completion of this course, students will have the knowledge and skills necessary in order to:

  • Read and understand financial statements
  • Create financial statements
  • Understand the accounting cycle
Course Duration : 40 Hours
Course Overview :

In this course, students will build on the foundation of knowledge acquired through Financial Accounting 1. Through the use of real-world examples, students will continue to develop their proficiency and knowledge in topics such as the development and understanding of financial statements and the application of concepts and procedures related to the accounting cycle.

Learning Outcomes :

Upon completion of this course, students will have the knowledge and skills necessary in order to:

  • Create financial statements with ease
  • Analyze financial statements
  • Recognize the significance of financial information for corporate decision making
  • Update existing financial statements
Course Duration : 60 Hours
Course Overview :

In this course, students will gain a solid foundation on the knowledge and skills required to successfully complete managerial accounting. The course will use real-life examples to hep illustrate how managerial accounting principles would be implemented to make decisions and guide planning within an organization.

Learning Outcomes :

Upon completion of this course, students will have the knowledge and skills necessary in order to:

  • Understand the foundation of managerial accounting
  • Understand the costs associated with running an organization
  • Analyze cost, volume and profit of an organization
  • Make decisions based off of available and projected financial information
  • Plan an organization’s budget
  • Understand the time value of money
Course Duration : 40 Hours
Course Overview :

In this course, students will become familiar with the Quickbooks Accounting software. This software, geared towards small-medium sized businesses is a cloud based system that supports business payments, management of funds, payroll, and more. Using knowledge from previous courses on accounting principles, this course will guide students on how to reproduce accounting documents and financial tracking into a digital and accessible format.

Learning Outcomes :

Upon completion of this course, students will have the knowledge and skills necessary in order to:

  • Set up a QuickBooks account for a client
  • Use QuickBooks to document cash and general transactions
  • Use QuickBooks to document Vendor and Customer transactions
  • Use QuickBooks to document and deliver Discounts, Estimates and Orders
  • Use QuickBooks to document and display baking, taxes and credit card information
  • Use QuickBooks to complete payroll transactions
  • Use QuickBooks to document inventory transactions
Course Duration : 80 Hours
Course Overview :

In this course, students will develop an understanding of Tax Preparation, for both individuals and businesses. This course will prepare students for completing Canadian Federal tax documents, by providing a strong foundation knowledge in topics such as income sources, taxpayer obligations, capital gains and other key topics.

Learning Outcomes :

Upon completion of this course, students will have the knowledge and skills necessary in order to:

  • Understand Canadian federal taxation laws and requirements
  • Complete documents and understand topics related to income and loss for a business
  • Complete documents and understand topics related to income taxes for individuals
  • Have a strong understanding of issues related to income, deductions, gains and losses
  • Understand corporate taxation and how it affects management decisions
  • Understand tax rollovers
Course Duration : 80 Hours
Course Overview :

In this course, students will gain both a theoretical understanding and opportunities for practical application of payroll knowledge. Students will be introduced to payroll legislation, withholding calculations, contractual obligations for different stakeholders and accounting as it pertains to the payroll process. Upon completion of this course, and ample career experience, students may be able to challenge the Canadian Payroll Association Exams.

Learning Outcomes :

Upon completion of this course, students will have the knowledge and skills necessary in order to:

  • Understand Canadian payroll
  • Understand the legislation surrounding payroll, labour and employment standards
  • Calculate employee net pay
  • Understand the necessary withholdings, including pensionable, insurable, taxable and non-statutory
  • Create a year-end payroll report
Course Duration : 100 Hours
Course Overview :

In this course, students will gain practical knowledge of how to effectively communicate as a professional in the business world. Students will have the opportunity to practice crafting professional written messages, for internal and external business use.

Learning Outcomes :

Upon completion of this course, students will have the knowledge and skills necessary in order to:

  • Communicate effectively with members of their professional team
  • Craft professionally written business messages for internal and external use
  • Craft professionally written messages for use on company digital media platforms
  • Write positive, negative and persuasive professional messages
  • Writing and presenting reports and presentations
Course Duration : 20 Hours
Course Overview :

In this course, students will have the opportunity to engage in content related to self-discovery and career exploration. Students will take time to look deeper into their own personal goals, beliefs and values in an effort to align themselves with future career opportunities. This course takes a very hands-on approach to preparing students for entering the job market.

Learning Outcomes :

Upon completion of this course, students will have the knowledge and skills necessary in order to:

  • Identify goals associated with career growth
  • Recognize the skills that they bring to the industry and their future career
  • Understand personal values, and how those values should align with future employers
  • Have a completed resume
  • Successfully navigate job boards to search for relevant job application opportunities
Course Duration : 80 Hours
Course Overview :

The capstone project requires students to integrate the knowledge and skills acquired throughout the program with practical application. The capstone project also provides an opportunity to demonstrate initiative, ethical reasoning, research skills, mastery of the subject matter, and a deeper understanding of the relation of the specialized subjects to the broader discipline of accounting.

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