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Online Bookkeeping Course Overview

ICS Canada's Bookkeeping program can help you learn bookkeeping online in as little as six months. You'll receive online bookkeeper training in a number of areas, from assets and liabilities to revenue and expenses. You'll even have the opportunity to complete a final bookkeeping project involving a sole proprietorship.

With ICS Canada's online bookkeeping courses, you can study at a pace that's right for you. Our faculty members have real-world experience as professional bookkeepers and are dedicated to helping you succeed in an industry that is expected to grow at a higher-than-average rate over the next few years.¹ And, ICS Canada's Bookkeeping Career Diploma is a Canadian Bookkeeping course that is recognized by the Canadian Bookkeepers Association.

Curriculum Details

Program Goal and Outcomes

Program Goal

The program goal for the Bookkeeping Career Diploma program is to prepare graduates for an entry-level career as a Bookkeeper via several distance learning courses.

Program Outcomes

Upon completion of the program, students will be able to:

  • Compile/produce Financial Statements, with attention to detail, from Accounting records for organizations.
  • Understand employment opportunities in many industries, including firms that provide accounting, bookkeeping, and payroll services; federal, state, and local governments; and schools.
  • Demonstrate basic math and computer skills, including knowledge of spreadsheets.
  • Demonstrate the knowledge necessary to become certified in areas of bookkeeping by being able to carry out all bookkeeping tasks, including overseeing payroll and balancing accounts, according to accepted accounting procedures.
  • Apply proper procedures for controlling an organization’s financial documentation and guard against misappropriation of organization’s funds.
  • Operate computers programmed with accounting software to record, store, and analyze information.
  • Apply proper procedures for receiving, and recording cash, checks, and vouchers in compliance with federal, state, and company policies, procedures, and regulations.

Course 1

Orientation to Bookkeeping

At the beginning of your program, You’ll learn how to be a successful Penn Foster student and take the first steps toward becoming a bookkeeper by learning the basic accounting equation.

 

By the end of this course, you’ll be able to:

  • Describe how to establish a study plan by incorporating effective skills, strategies, and study techniques
  • Analyze the purpose and importance of balance sheet, bookkeeping, and their components in accounting
  • Identify the various functions of journal and ledger entries in accounting

Course 2

Assets, Liabilities, and Owner’s Equity

In this course, You’ll begin to work with balance sheets, general journals, and journal ledgers. Specifically, You’ll focus on balance sheet classifications, and You’ll also learn how to use the double-entry bookkeeping system.

 

By the end of this course, you’ll be able to:

  • Analyze the reporting procedures of various transactions in the general ledger
  • Analyze the importance of revenue, expenses, and trial balance in the accounting equation
  • Point out the elements and strategies associated with financial reports

Course 3

Payroll and Wholesale Accounting

This course examines the activities that affect owner’s equity accounts and how accounts react. You’ll also focus on income statements, balance sheets, and other activities that take play at the end of an accounting year.

 

By the end of this course, you’ll be able to:

  • Describe payroll procedures for Canadian bookkeeping
  • Show the calculations of accrual accounting, cash sales, and the recording of merchandise inventory
  • Categorize the components of wholesale accounting and the methods used in evaluating them

Course 4

End of Month Accounting

In this course, You’ll learn about accounting systems. Subjects include payroll accounting, accrual accounting, and ledgers and accounts related to the wholesale industry.

 

By the end of this course, you’ll be able to:

  • Distinguish between the various accounting activities and procedures used in maintaining ledgers and worksheets

Course 5

Excel for Bookkeeping

In this course, you’ll then learn how to use MS Excel® to organize and format data, including charts, formulas, and more complex tables.

 

By the end of this course, you’ll be able to:

  • Identify how to create various Microsoft® Excel® documents
  • Produce a thorough Microsoft® Excel® 2019 spreadsheet

Course 6

Bookkeeping Graded Project

You’ve now completed the entire accounting cycle and various accounting procedures. You’re prepared to perform competently in every bookkeeping situation. Various specialized businesses may require you to adapt the bookkeeping/accounting procedures you’ve learned to fit their particular needs. However, the basic procedures will remain the same. Now it’s time to put the knowledge and expertise you’ve gained into practice. For this project, you’ll be the bookkeeper for Splash House Equipment, a sole proprietorship that sells water sports equipment in St. Catherines, Ontario.

 

By the end of this course, you’ll be able to:

  • Demonstrate bookkeeping skills by acting as a bookkeeper for Splash House Equipment

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® Office 2019 or Microsoft 365®, and an email account to complete this program.

We reserve the right to change program content and materials when it becomes necessary.
Microsoft is a trademark of Microsoft Corporation registered in the United States of America and/or other jurisdictions.
Apple, Mac, and macOS are trademarks of Apple, Inc. registered in the United States of America and/or other jurisdictions.

Sample Lesson

To view a Bookkeeper course sample, click here.

Bookkeeping Course Details

The ICS Canada Bookkeeper online training classes will cover topics relevant to the field, including:

  • Basics of the general journal and ledger
  • Assets, liabilities, and owner’s equity
  • Revenue, expenses, and trial balance

To start studying bookkeeping online, contact an admissions specialist today or enrol now.

Online bookkeeping classes

Bookkeepers can work for accounting firms, schools, hospitals, banks, and government agencies. Bookkeepers can also have jobs as payroll or budget clerks, billing clerks, accounts receivable or accounts payable clerks, or for a sole proprietorship. Additionally, small business bookkeeping courses can help you enhance your own business! Here are a few qualities that expert bookkeepers have in common:

  • 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., ICS Canada 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 learning aids
  • 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

How can the Bookkeeping Career Diploma program help me prepare to take the next step with my career?

The Bookkeeping Career Diploma Program can teach students how to maintain business financial records. These skills are relevant for jobs working at accounting firms, hospitals, banks, and government agencies in payroll, budget, accounts receivable, or accounts payable departments. Small business owners and managers can also benefit from this program.

Does the Bookkeeping program teach double-entry bookkeeping?

Yes, the program teaches double-entry bookkeeping. Manual techniques are stressed; computer techniques are optional for the final project.

More FAQs >

¹ According to the Job Bank (2014-2016), occupational demand is better than average in Ontario, Quebec and British Columbia.