Accounting

Your at-home learning program includes 11 Instruction Sets designed to take you step-by-step through the techniques and skills you’ll employ in your new career in Accounting. Your first Instruction Set will be sent to you as soon as your enrolment has been accepted. Other Instruction Sets will follow as you complete your exams, so that you will always have training materials to work with.

You will need access to a Microsoft® Windows®-based computer (running Windows Vista® or later) and the Internet in order to complete your program with ICS Canada.

Here is an overview of what you’ll learn and the order in which you’ll receive your learning materials:

Instruction Set 1

• Orientation
• Learning Strategies
• The advantages of learning at home; types of study materials; types of examinations; accessing and using the features of our website; determining what kind of learner you are; establishing a study schedule; using study tips; preparing for and taking examinations.
• Introduction to Accounting
• Opportunities in accounting; types of business organizations; the nature of accounting.

Instruction Set 2

• Accounting, Part 1
• Transactions and their effect on financial reports; determining the profitability of operations' analyzing the owner's interest in a business; the statement of cash flows.
• Accounting, Part 2
• Recording transactions; journal entries and posting to accounts.
• Accounting, Part 3
• Periodic adjustments; closing the accounts.
• Accounting, Part 4
• The work sheet; a comprehensive review of the accounting cycle for a service business.
• Accounting, Part 5
• Accounts and procedures for a merchandising business; preparation of work sheet, financial statements , and closing entries.
• Accounting, Part 6
• Special journals; payroll accounting; payroll taxes on the employer.
• Supplement:
• Bookkeeping and Accounting in Canada

Instruction Set 3

• Principles of Management
  • Definition of management; history of management; planning and leadership; organization and control; future of management.

Instruction Set 4

• Modern Mathematics
• Basic Operations and business basics; applications
• Textbook:
• Mathematics for Business

Instruction Set 5

• Accounting, Part 7
• Accounting for cash; accounting for receivables; notes receivables.
• Accounting, Part 8
• Accounting for short-term investments; accounting for inventories.
• Accounting, Part 9
• Accounting for the acquisition and depreciation of property, plant and equipment; accounting for natural resources and long-lived intangible assets; accounting for long-term investments.
• Accounting, Part 10
• Accounting for current liabilities; accounting for long-term liabilities; accounting principles and concepts.
• Accounting, Part 11
• Accounting for partnerships; division of partnership earnings; terminating a partnership
• Accounting, Part 12
• Accounting for corporations; retained earnings; consolidated statements.
• Accounting, Part 13
• Accounting cycle for a firm operating as a corporation; instructions for handling accounting transactions.
• Supplement:
• Internal Control

Instruction Set 6

• Business Writing
  • Using the Parts of Speech
    • A description of the parts of a sentence; how to use the parts of speech to write effectively; subject-verb agreement; use of the active voice; effective use of modifiers; producing correct, polished writing for business; common grammatical problems.
  • Punctuation and Capitalization
    • Descriptions of punctuation marks and the purpose of each; using punctuation to properly document research sources; rules of capitalization.
  • Writing Sentences and Paragraphs
    • Writing complete, correctly structured sentences and unified, coherent paragraphs; sentence length and variety; avoiding run-ons and fragments; constructing organized paragraphs.
  • Improving Your Writing
    • Using particular patterns of organization, content, and language to most effectively convey a specific idea to a specific audience; revising, editing, and proofreading.
  • Types of Business Writing
    • Composing clear, courteous, and complete messages; formatting and etiquette for letters, email, memos, and forms.
  • Textbook: Introduction to Writing

Instruction Set 7

• Intermediate Accounting I
• Accounting and financial reporting; the financial statements; additional activities and common disclosures of a business; income taxes; employee compensation; evolution or requirements for earning per share disclosure; accounting changes and error corrections; analysis of financial statements.
• Textbook:
• Intermediate Accounting

Instruction Set 8

• Business Law, Part 1
• Business organizations; contract law; business operations; advertising and selling.
• Business Law, Part 2
• Property law; limitations on real estate ownership; interests in real estate; freehold estates; less-than-freehold estates; encumbrances; property title; transferring real estate.
• Torts
• Procedure and sources of tort law; civil procedure and tort law; sources of tort law; common tort law; types of torts; nuisance; strict liabilities for products.

Instruction Set 9

• Intermediate Accounting II
• Cash cycle and revenue recognition; cost of goods sold; financial activities; investments in noncurrent operating assets; investments in securities and review of the conceptual framework.

Instruction Set 10

• Cost Accounting
• Materials, labor and factory overhead; process cost accounting; standard cost accounting; budgeting; service businesses; decision making
• Textbook:
• Cost Accounting

Instruction Set 11

• Accounting for Installment and Consignment Sales
  • Consignment sales; accounting methods of the consignee; accounting methods for the consignor; installment sales.
• Advanced Partnership Accounting
• Organization and profit sharing; changes in ownership interest; liquidation of a partnership; incorporation of a partnership; joint ventures.
• Fund Accounting
• Governmental accounting principles; accounting for governmental funds; accounting for other funds.
• Accounting for Business Combinations, Part 1
• A foundation for understanding business combinations; introduction to consolidated financial statements.
• Accounting for Business Combinations, Part 2
• Cost method, equity method.
• Accounting for Business Combinations, Part 3
  • Minority interest; pooling of interests.

Online Library and Librarian
Students in ICS Canada have access to an online library for use during their studies. Students can use this library to do the required research in the courses they complete or can use it for general reference and links to valuable resources. The library contains helpful research assistance, articles, databases, books, and Web links. A librarian is available to answer questions on general research-related topics via email and to assist students in research activities during their studies with ICS Canada.

We reserve the right to change program content and materials when it becomes necessary.