Bookkeeping

Your at-home learning program includes six Instruction Sets designed to take you step-by-step through the techniques and skills you’ll employ in your new career in Bookkeeping. 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.

In order to complete this program, you'll need to have access to an IBM®-compatible PC, Internet access, and current version of Microsoft® Office software.

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

Instruction Set 1

• Learning Strategies
  • Identifying and implementing a successful study method; planning when, where, and how you’ll study; creating effective and efficient study tools; using study tools to improve chances for success.
• The Accounting Equation
  • Assets, liabilities, owner’s equity, and the accounting equation; preparing a balance sheet.
• The Books of Accounting
  • The basics of the general journal; the basics of the ledger, including the T account, the chart of accounts, and opening a ledger account.
• Supplements:
  • Glossary of Accounting Terms
  • Workbook One

Instruction Set 2

• Assets, Liabilities, and Owner’s Equity
  • Account balances for asset accounts, liability accounts, and owner’s equity accounts; footing and balancing the ledger; analyzing a transaction; posting to the general ledger.
• Revenue, Expenses, and Trial Balance
  • Another look at owner’s equity; permanent and temporary accounts; normal balances.
• Financial Reports
  • Worksheets; how to prepare an income statement and
    a balance sheet; closing steps for expense and revenue summary accounts; balancing and ruling the books at the end of the year; temporary ledger accounts; permanent ledger accounts; the general ledger; the accounting cycle.
• Supplements:
  • Workbook Two
  • Workbook Three

Instruction Set 3

• Canadian Payroll Procedures
  • How to account for cash and where to keep money; the proprietorship; computing employee earnings; keeping records for the government; employer-paid taxes and paying payroll taxes.
• Accounting Systems
  • Accrual accounting; the importance of inventory accounting; posting to the general ledger and other business records.
• Wholesale Accounting
  • Accounting procedures for wholesale sales, discounts, sales returns, and allowances; maintaining the accounts receivable ledger; recording cash, credit, and C.O.D. purchases; maintaining accounts payable ledger; promissory notes and interest-bearing notes.
• Supplements:
  • Workbook Five
  • Workbook Six
    • Note: N.B. There is no workbook for the study unit on cash accounting
• Learning Aid : How to Read a Balance Sheet

Instruction Set 4

• Assets and End-of-the-Month Activities
  • Accounting procedures for long-term tangible and intangible assets; amortization and depreciation; the end-of-the-month accounting procedures.
• Introduction to Windows®
  • The role of Windows® as the computer’s operating system; Windows® commands and functions; customizing your computer to suit your needs; Windows® Accessories; help screens and system tools.
• Supplement:
  • Workbook Seven

Instruction Set 5

• Microsoft® Excel
  • Creating and modifying a worksheet in Excel; working with charts in Excel
• Graded Project: Microsoft® Excel

Instruction Set 6

• Bookkeeping Project
  • Maintain the accounting records and prepare financial statements for this sole proprietorship. Includes ledgers, business papers and checks, journals, and the narrative of transactions. Project must be completed manually.
• Supplement: Project Package

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.

Windows is a trademark of Microsoft Corporation registered in the United States of America and/or other jurisdictions.