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  • DEAC Accredited
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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.

Curriculum Details

Program Goal and Outcomes

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.

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

Instruction Set 1

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.

Additional Material

Supplement: Bookkeeping and Accounting in Canada

Instruction Set 3

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

Instruction Set 4

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.

Additional Material

Textbook: Practical Business Math Procedures

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.

Additional Material

Supplement: Internal Control

Instruction Set 6

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.

Additional Material

Textbook: Introduction to Writing

Instruction Set 7

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.

Additional Material

Textbook: Intermediate Accounting DeMystified

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

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
Additional Material

Textbook: Cost Accounting

Instruction Set 10

Supply Chain Management

The building blocks of supply chain strategy; designing the global supply chain; collaborating across the supply chain.

Additional Material

Textbook: Supply Chain Management


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.

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

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.

Online accounting career diploma program

Here are a few qualities that reliable accountants have in common:

  • Investigative: The challenge that comes with helping new and past clients is rewarding.
  • Detail oriented: It’s important to have a sharp eye and check things twice.
  • Analytical: You enjoy crunching numbers and critically thinking to solve a problem.
  • Independent: You make decisions and finish work on your own.

"I chose to further my education and accounting knowledge with ICS Canada while working as an accounting clerk, which allowed me to move up within the company at which I am currently working. Studying with ICS Canada was a great experience, and the instructors were very helpful when it came to resolving any issues I had while studying."

- Sean S., Accounting graduate

"I have taken three diploma courses with ICS Canada. It has been very rewarding and challenging. I love to increase my knowledge level and share experiences. ICS Canada is great. Enrol! The contact with them is always very pleasant. You feel like a part of the ICS team."

- Connie K., ICS Canada graduate

Your program includes:

  • Customized payment plans with 0% interest
  • Books and online learning materials
  • Instructional support from our experienced faculty
  • Your personalized online student homepage and learning portal
  • Exclusive access to ICS Canada’s Student and Alumni Facebook Group
  • Additional resources such as our online library and career guidance from Career Cruising