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ACCOUNTING and PAYROLL
ACCOUNTING introduces students to the essentials of double entry bookkeeping. Students will learn how to record transactions under varying scenarios. They will learn about recording different transactions in appropriate books of accounts, accounting terminology, chart of accounts, Accounting Cycle, GAAP, different reports– Trial Balance, Balance Sheet, income Statement, inventory control and methods of inventory control and valuation, etc.

Computerized Accounting introduces students to electronic bookkeeping and accounting using Simply Accounting and QuickBooks. The students will learn how to install and set up the software, set up a set of company books, create data files, make journal entries, accounts receivables, accounts payables, inventory and bank reconciliation.

Payroll is one of a series of accounting transactions dealing with the process of paying employees for services rendered, after processing of the various requirements for withholding of money from the employee for payment of payroll taxes, insurance premiums, employee benefits, garnishments and other deductions, if any . It covers the basics of payroll practices and procedures.

Taxation course will teach you to do your own tax return with confidence, plan tax strategies that save you money, keep up-to-date on new tax changes, help others prepare their tax returns, minimize your tax liability, find answers to your tax questions and determine which deductions and credits apply to you.

NEXT COURSE START DATES

START DATEEND DATECOURSEDAYTIMINGCAMPUSREGISTER
May 13, 2013June 04, 2013Financial Accounting 1M W F/M T W Th F10:00am - 2:00pmMalton - Mississauga*Register
May 25, 2013July 13, 2013Fundamentals of PayrollSa10:00am - 2:00pmMalton-Mississauga*Register
May 25, 2013July 27, 2013Simply AccountingSa10:00am - 3:00pmBramptonRegister
May 27, 2013June 26, 2013Fundamentals of PayrollM Th6:00pm - 9:00pmBramptonRegister


Pre-Requisites: COMPUTER FUNDAMENTALS AND ESL

Course overview

 ACCOUNTING
  • Financial Accounting I
    • Accounting Transactions and Financial Statements
      1. Accounting: The Key to Success
      2. Financial Statements and Accounting Transactions
    • Analyzing, Recording Transactions and Adjusting Accounts
      1. Analyzing and Recording Transactions
      2. Adjusting Accounts for Financial Statements
      3. Completing the Accounting Cycle and Classifying Accounts
    • Accounting for Merchandising activities
      1. Accounting for Merchandising Activities
    • Merchandise Inventory and Cost of Sales, Internal Control & Cash
      1. Merchandise Inventory and Cost of Sales
      2. Accounting Information Systems
      3. Internal Control and Cash
      4. Receivables
    • Payroll Liabilities
      1. Payroll Liabilities
  • Financial Accounting II
    • Capital Assets and Goodwill
      1. Capital Assets and Goodwill
    • Current Liabilities
      1. Current Liabilities
    • Partnerships and Corporations
      1. Partnerships
      2. Organization and Operation of Corporations
    • Corporate reporting and Bonds & Notes Payable
      1. Corporate Reporting:Income,Earnings Per Share, and R.E.S
      2. Bonds and Long-Term Notes Payable
    • Accounting for Debt & Share Investment; Reporting & Analyzing Cash Flows and Financial Statements
      1. Accounting for Debt and Share Investments
      2. Reporting and Analyzing Cash Flows
      3. Analyzing Financial Statements
 
 COMPUTERIZED ACCOUNTING
  • Simply Accounting
    • Introduction & Cash Transactions Statements
    • General Journal posting and Setting up a simple Non-profit Co.
    • Accounts Payable and Receivable
    • Discounts, Estimates, Orders, banking, account reconciliation & tax remittance
    • Setup a new company, Payroll and Inventory and practice co.
  • QuickBooks
 
 PAYROLL
  • Payroll Fundamentals
    • New Employment Information
    • Employment Income Regular Earnings
    • EI-Allowances, Expenses, etc.
    • Non Regular Payments
    • Non Statutory Deduction
    • Termination of Employment
    • Record of Employment
    • Commission Payments
 

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Canadian Institute of Management & Technology

CIMT COLLEGE

CIMT College, Canadian Institute of Management and Technology was established in 1998. CIMT College is a registered Private Career College in the province of Ontario under the private career college act 2005.

CIT, now CIMT offers variety of courses in the field of Technology and Management. In addition to graduate and post graduate courses, CIMT offers many short courses in a diversity of areas in computing, accounting, business and langauages. Located with in the city of Mississauga, CIMT enjoys close proximity to international airport, city of Toronto and multinational corporations offering tremendous employment opportunities.

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