Advanced Accounting

What is Advanced Accounting?

Advance your accounting skills and become job-ready using industry-standard software. This fast-track program builds on your existing accounting knowledge and prepares you for accounting roles or self-employment.

You will complete the full accounting cycle using Sage 50 (Canadian version) and QuickBooks, while developing practical skills in payroll, taxation principles, and financial reporting that align directly with employer expectations.

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What You'll Learn:

Advanced Accounting Overview

• Review of core accounting principles
• Role of advanced accounting in Canadian workplaces
• Accounting cycle and compliance requirements
• Career pathways in accounting and bookkeeping

Payroll Accounting

• Payroll concepts and terminology
• Employee vs. contractor classification
• Payroll calculations (wages, overtime, vacation pay)
• Statutory deductions (CPP, EI, income tax)
• Payroll remittances and reporting

Canadian Tax System & Personal Tax

• Overview of the Canadian tax structure
• Federal and provincial taxes
• CRA roles, deadlines, and compliance
• Personal income, deductions, and tax credits
• Common tax slips and basic personal tax filing

Business & Professional Taxation

• Business and self-employed income
• Allowable business expenses
• Filing requirements and deadlines

Subtopics:

• GST/HST
  
  • Registration and thresholds
  • Input Tax Credits (ITCs)
  • Filing and remittance
• Corporate Tax
  
  • Corporate income tax overview
  • Financial reporting and compliance basics

Financial Analysis & Accounting Ratios

• Purpose of financial analysis
• Interpreting financial statements
• Liquidity, profitability, and solvency ratios
• Using ratios for business decision-making

KPI Calculations & Performance Measurement

• Understanding Key Performance Indicators (KPIs)
• Selecting KPIs for different business types
• KPI calculations and interpretation
• Using KPIs to measure financial performance

Accounting Software Applications

• Sage 50
  
  • Company setup and chart of accounts
  • Recording transactions
  • Financial reporting
• QuickBooks
  
  • Company setup and navigation
  • Accounts payable and receivable
  • Bank reconciliations and reports

Professional Practice, Accuracy & Ethics

• Professional standards in accounting
• Confidentiality and data protection
• Accuracy, documentation, and audit readiness
• Ethical responsibilities in accounting roles

Job Readiness – Resume & Cover Letter Preparation

• Resume writing for accounting and bookkeeping roles
• Highlighting technical skills and software experience
• Cover letter preparation
• Interview preparation and common accounting questions
• Professional communication and presentation

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This Program is For You if You:

• Already have basic accounting knowledge and want to advance your skills

• Want hands-on experience with Sage 50 (Canadian version) and QuickBooks

• Are preparing for accounting roles with greater responsibility

• Are interested in payroll, taxation, and full-cycle accounting

• Want skills that support employment—or self-employment—faster

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You'll Receive:

• Certificate of Achievement upon program completion
• Job search and job maintenance support

Additional Eligibility Requirements:

• CLB 4 or higher
• Basic Accounting Certificate or Equivalent

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