College Accounting 2
Program Description & HIGHLIGHTS
College Accounting 2 is a continuation of College Accounting 1 and focuses on Special journals, Banking procedures, Tax Responsibilities Financial statements, GST/HST payments, and completing the Accounting cycle for a merchandising company.
The course will provide a breadth of competences. The specific aims of the course is to:
- Work with special journals basic Part 2
- Record sales, purchases, sales returns, sales discounts, purchase returns and 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 and credit memorandums
- 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
- Prepare aging of accounts receivable
- Completion of the accounting cycle for a merchandising company
Minimum 18 years of age.
Offered at both Kelowna and Surrey campus.
Contact Focus College for pricing.
50 hours of classroom instruction plus exercises and project.
- Computer with Microsoft Word is required for this course.
- Textbook needs to be purchased by student.
- Course textbook is:
College Accounting: A Practical Approach, Thirteenth Canadian Edition Plus MyLab Accounting with Pearson eText — Access Card Package, 13/E
Jeffrey Slater, North Shore Community College
Debra Good, Conestoga College
ISBN-10: 0134654765 • ISBN-13: 9780134654768
Publisher: Pearson Education Canada
- On campus delivery.
- Course pre-requisite is College Accounting 1 with a passing grade
- Students are required to maintain 80% attendance throughout the program.
- Approximately 2 hours of self study time is required for this course.
- In order to graduate, students must pass all units through the program with a grade of C or higher.