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 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.
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