This course is an introduction to the fundamental principles and practices of accounting as a device for reporting business activity. It provides the student with an understanding of the underlying theory and principles of accounting. The construction of financial statements as they evolve from business transactions and records is emphasized using the rules of double-entry bookkeeping. In addition, adjusting journal entries and everyday transactions for both service and retail businesses are recorded coupled with the preparation of basic financial statements. 

• Introduction to Accounting 
• Financial Statements and Accounting Transactions 
• Analyzing and Recording Transactions 
• Adjusting Accounts for Financial Statements 
• Completing the Accounting Cycle and Classifying Accounts. 

This course introduces computerized accounting with Sage 50 and explores how to set up a computerized accounting environment and record transactions in the General, Payable, and Receivable ledgers. Students learn how to set up and record general accounting transactions, payroll and inventory transactions, set up budgets, and reconcile accounts by working with a variety of business simulations.

Employees are the most valuable asset of a business and all aspects from hiring to performance appraisal are examined utilizing the case study approach.

• Job Analysis and Job Specifications
• Job Descriptions and Standards of Performance
• Training and Development
• Performance Appraisal
• Compensation and Benefits
• Health and Safety
• Disciplinary Practices and Dispute Resolution Procedures
• Bargaining with Unions on Pay and Working Conditions

This course is an introduction to the basic structure of only Personal Income taxes in Canada. Students will learn how it constitutes the majority of the annual revenues of the Government of Canada, and of the governments of the Provinces of Canada. The Canadian income tax system is a self-assessment regime. Taxpayers assess their tax liability by filing a return with the CRA by the required filing deadline. An income tax is a tax levied on the income of individuals. This course does not cover Business or Corporate tax.

This course is the first core payroll course and is the point of entry for the NPI’s Payroll Compliance Professional (PCP) certification. By the end of this course, students will be able to: describe payroll’s objectives and stakeholders; identify an employer/employee relationship; and apply federal and provincial legislation to payroll, including: The Canada Pension Plan, The Employment Insurance Act, The Income Tax Act, Employment Standards legislation, Worker’s Compensation Acts and Quebec-specific legislation; and communicate the payroll compliance requirements to various stakeholders.

This course is the second requirement in the NPI’s PCP certification. Upon completion of Payroll Fundamentals 1, students will be able to calculate regular individual net pay, non-regular individual pay, and termination payments, complete a Record of Employment (ROE), and communicate all aspects of individual pay requirements to various stakeholders.