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

Admissions Requirement

Minimum 18 years of age.

OFFERED CAMPUS

Offered at both Kelowna and Surrey campus.

FEES

Contact Focus College for pricing.

PROGRAM LENGTH

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.
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