Accounting Program Overview
Learn accounting at home and take the first steps towards your career in the accounting field with ICS Canada’s online Accounting Career Diploma course! Learn new job skills, refine your existing accounting knowledge, or learn how to improve the performance of a business through better understanding of the essentials of accounting and finance - all at a convenient and flexible pace that’s right for you.
Program Goal and Outcomes
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Program Goal
The Accounting Career Diploma program provides students with the skills to expand existing accounting management knowledge for a current or future job, or prepare for further education at the undergraduate level.
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Program Outcomes
Upon completion of the program, students will be able to:
- Outline the function of accounting as a means to provide information about the market process, ensuring that decision-makers have the right information to allocate resources, and recognize laws governing business transactions
- Demonstrate the correct recording process, types of accounts, and classification process to record and assess various business transactions
- Outline the use of accounting systems for efficiency and conformity to generally accepted accounting procedures
- Identify how to establish accounting systems for diverse business activities and how to maintain the financial records of these firms
- Demonstrate how to assess financial operations and make best-practices recommendations to management
- Identify ways to reduce costs, enhance revenues, and improve profits
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Instruction Set 1
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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.
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Introduction to Accounting
Opportunities in accounting; types of business organizations; the nature of accounting.
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Instruction Set 2
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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.
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Accounting, Part 2
Recording transactions; journal entries and posting to accounts.
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Accounting, Part 3
Periodic adjustments; closing the accounts.
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Accounting, Part 4
The work sheet; a comprehensive review of the accounting cycle for a service business.
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Accounting, Part 5
Accounts and procedures for a merchandising business; preparation of work sheet, financial statements , and closing entries.
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Accounting, Part 6
Special journals; payroll accounting; payroll taxes on the employer.
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Additional Material
Supplement: Bookkeeping and Accounting in Canada
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Instruction Set 3
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Principles of Management
In the business world, people are sometimes put into management situations when they really don’t understand what management is all about. Although some are able to step into a management position and handle it naturally, others find the responsibilities to be overwhelming. Management courses are a must. For those proficient in managerial positions, management courses can help improve their skills and gain a better understanding of their new responsibilities. For those who are overwhelmed by a new management position, or who strive to secure a management position, management courses help by presenting concepts and ideas to build new skills.
This course is divided into lessons that discuss the foundations and principles of management, planning, organizing, leading, and controlling. As you read the textbook, try to relate the material to your own experiences. If you don’t have any management experience, try to put yourself in the place of your manager and relate the material to those experiences.
By the end of this course, you'll be able to:
- Summarize the functions of management and the basic steps in various planning processes
- Explain how to make effective decisions as a manager and a leader
- Describe the fundamental elements of an organization’s structure and the components of an organization’s competitive environment
- Explain principles for setting goals that motivate employees, why companies develop control systems, and why teamwork is beneficial
- Analyze why diversity is a critical organizational and managerial issue, and describe the criteria for technology decisions and managing change
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Instruction Set 4
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Mathematics for Business and Finance
This course will provide a foundation in basic mathematical operations. You'll learn about percentages, discounts, interest, present worth, sinking funds, installment buying, pricing, depreciation, investments, insurance, the use of symbols and their applications, equations and formulas, and the importance of statistics.
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Additional Material
Textbook: Practical Business Math Procedures
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Instruction Set 5
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Accounting, Part 7
Accounting for cash; accounting for receivables; notes receivables.
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Accounting, Part 8
Accounting for short-term investments; accounting for inventories.
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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.
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Accounting, Part 10
Accounting for current liabilities; accounting for long-term liabilities; accounting principles and concepts.
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Accounting, Part 11
Accounting for partnerships; division of partnership earnings; terminating a partnership.
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Accounting, Part 12
Accounting for corporations; retained earnings; consolidated statements.
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Accounting, Part 13
Accounting cycle for a firm operating as a corporation; instructions for handling accounting transactions.
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Additional Material
Supplement: Internal Control
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Instruction Set 6
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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.
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Punctuation and Capitalization
Descriptions of punctuation marks and the purpose of each; using punctuation to properly document research sources; rules of capitalization.
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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.
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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.
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Types of Business Writing
Composing clear, courteous, and complete messages; formatting and etiquette for letters, email, memos, and forms.
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Additional Material
Textbook: Introduction to Writing
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Instruction Set 7
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Intermediate Accounting
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. 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.
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Additional Material
Textbook: Intermediate Accounting DeMystified
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Instruction Set 8
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Business Law, Part 1
Business organizations; contract law; business operations; advertising and selling.
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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.
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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.
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Instruction Set 9
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Cost Accounting
This course will provide information related to cost accounting. All businesses—whether they make things, sell things, or sell services—must be able to predict, record, and control their costs. They need this information to run their companies effectively and efficiently and to inform external parties about profitability and financial structure.
Cost accounting represents an important bridge between financial and managerial accounting. Some cost accounting topics in this course may require numerical analysis and calculations, in addition to concepts related to this field that are explained throughout your studies.
By the end of this course, you’ll be able to do the following:
- Analyze the fundamentals and processes of cost decision making
- Categorize the various costing processes related to cost accounting
- Identify the methods of analyzing cost performance and the importance of management control systems
- Apply your accounting skills on cost accounting computation and analysis
- Prepare a balance sheet, an income statement, and post-closing trial balance for Ice Cream Systems
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Additional Material
Textbook: Cost Accounting
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Computer Specifications
As you know this is an online academic program. This means you will need access to high-speed internet to begin your program. In addition, you will need access to a Microsoft® Windows® based computer running Windows 10® or later or an Apple® Mac® computer running macOS® or later, Microsoft® Word™ 2007 or later to complete written assignments, and an email account to complete your program.
Sample Lesson
To view a Accounting sample lesson, click here.
Accounting Course Details
In the ICS Canada Accounting Career Diploma training program you’ll cover topics relevant to the field, including:
- Introductory and intermediate accounting practices
- Principles of Management
- Canadian Payroll Accounting
- Cost Accounting
Guild of Industrial, Commercial, and Institutional Accountants
ICS Canada Accounting Career Diploma graduates are accepted into the Guild of Industrial, Commercial, and Institutional Accountants (ICIA) for Associate Member Status. Additionally, graduates with appropriate work experience are eligible for acceptance as an Accredited Member of the Guild of ICIA.