Finance & Accounting Clerk

  • Program TitleFinance & Accounting Clerk
    Credential: Diploma
    Delivery: Online
    Program Length: 3 Semesters (One year)
    Program Availability: Full time or Part time
    Offered: This program is available starting every Monday.

    Program Description


    Many individuals trained in Accounting use their expertise as a stepping‐stone for positions at the senior management level, while others prefer to use their skills to work part‐time, or to work from home preparing tax returns for individuals and business. The Native Education and Training College will help to prepare you for a rewarding career in Accounting. Our Finance & Accountng Clerk Program will provide you with the basic and intermediate principles and theory required to enter the field, as well as the training in specialized areas needed for advancement into supervisory positions within the accounting profession.

    Students have fifty-two (52) weeks to complete their program requirements, starting from the date of their first course.

    Learning Outcomes


    1. Process and maintain financial records in compliance with relevant policies, procedures and regulations for individuals and/or organizations.
    2. Prepare and present financial information in compliance with relevant legislation and regulations for individuals and/or organizations.
    3. Generate financial reports for individuals and/or organizations by applying financial mathematics and statistics.
    4. Contribute to the development and the implementation of a financial plan to meet individuals’ and/or organizations’ needs and objectives.
    5. Contribute to the development and the implementation of marketing strategies to promote financial products and services and to enhance customer service.
    6. Develop and implement strategies to establish and maintain professional networking and business relationships in the finance sector.
    7. Analyze, within a Canadian context, the impact of economic variables, legislation, ethics, technology and the environment on individuals’ and/or organizations’ operations.
    8. Develop and implement ongoing strategies for personal and professional development, highlighting ethics, values and standards in the finance sector.

    Your Career


    The Finance Clerk reports to the Finance Officer and is responsible for providing financial, administrative and clerical services. This includes processing and monitoring payments and expenditures, processing and monitoring receipts and revenues, and preparing and monitoring the payroll system. Providing these services in an effective and efficient manner will ensure that agency finances are accurate and up to date, that staff are paid in a timely and appropriate manner and that vendors and suppliers are paid within established time limits.

  • Admission Requirements


    College Eligibility

    • Ontario Secondary School Diploma (OSSD) or equivalent; OR
    • Academic and Career Entrance (ACE) Certificate; OR
    • General Educational Development (GED); OR
    • Mature Student status (19 years of age or older and without a high school diploma at the start of the program).

    Call the Admissions Office at 1 (800) 267-2577 for more details. Academic prerequisites for this program may be obtained free of charge through Academic Upgrading.

    Application Process
    Program intake – Apply to this program by visiting our Registration page. If you are entering into this program as a mature student please attach your resume when submitting your registration information online.

  • Courses


    Semester 1
    Study Skills Strategies
    Office Applications
    Communication Strategies
    Administrative Skills
    Office Ergonomics
    Law and Ethics

    Semester 2
    Introduction to Accounting and Business
    Analyzing Transactions
    The Adjusting Process
    Completing the Accounting Cycle
    Accounting for Merchandising Businesses
    Inventories
    Internal Control and Cash
    Receivables
    Property, Plant, and Equipment and Intangible Assets

    Semester 3
    Current Liabilities and Payroll
    Accounting for Partnerships
    Corporate Finance I
    Corporate Finance II
    Long-Term Liabilities
    Investments
    Statement of Cash Flows
    Financial Statement Analysis

    Every attempt is made to ensure the accuracy of information provided on our website. The College reserves the right to modify any course, program, curriculum, fee, timetable, or campus location at any time.

  • Course Descriptions


    Semester 1
    Study Skills Strategies
    This course will enable students to assess their current study skills and plan for improvement. Students will practice time-management techniques for successful studying. Students will learn to develop powerful reading skills and practice memory techniques to enhance ability to learn and improve test performance. This course will also help students to develop specific study skills for mathematics and related subjects and implement an action plan to improve them.

    Office Applications
    Stuents will learn the skills needed to take full advantage of Microsoft Office applications and features. Students will learn how to manage data in spreadsheets, compose error-free documents, organize email, build engaging presentations, and much more with Microsoft Office.

    Communication Strategies
    The primary aim of this course is to enable students with an understanding of the impact that their communication skills can have on others, while exploring the different ways in which developing these skills can make it easier for them to succeed in the work force.

    Office Ergonomics
    Students will learn the basic principles of ergonomics, how to design an ergonomic workstation, outlines ergonomic practices for common postures and movements, and how to identify ergonomic hazards and minimize their effects.

    Law and Ethics
    Students are prepared for a business environment increasingly affected by laws. They learn how laws must be understood and applied by management in the conduct of business. They also learn how to analyze a business situation from a general legal perspective. Emphasis is placed on methods of dispute resolution, contracts, torts, employment law, methods of carrying on business, creditors’ rights, sale of goods and marketing law.

    Semester 2
    Introduction to Accounting and Business
    This course will describe the nature of a business, the role of accounting, and the role of ethics in business. Students will review the development of accounting principles and relate them to practice. This course will examine the accounting equation and define each element of the equation. This course will describe how business transactions can be recorded in terms of the resulting change in the elements of the accounting equation and examine the financial statements of a proprietorship and explain how they interrelate.

    Analyzing Transactions
    In this course students will examine the characteristics of an account and a chart of accounts. This course will describe and illustrate journalizing transactions using the double-entry accounting system. Students will be introduced to the posting of transactions to accounts and prepare an unadjusted trial balance and explain how it can be used to discover errors.

    The Adjusting Process
    This course introduces students to the adjusting process. The adjusting process is a critical element of the accrual basis of accounting, which requires that revenues and expenses be reported in the proper period, following the time period concept. Students will examine Accounting Standards for Private Enterprise and International Financial Reporting Standards that require all businesses to report their operating results using the accrual basis of accounting. The main emphasis in this is on the preparation of adjusting entries.

    Completing the Accounting Cycle
    This course describes the accounting cycle and will enable students to prepare financial statements from adjusted account balances and prepare closing entries.

    Accounting for Merchandising Businesses
    This course will enable students to distinguish between the activities and financial statements of service and merchandising businesses. In this course students will explore the accounting process for merchandise transactions under the perpetual inventory system. Students will also examine the adjusting process and financial statements for a merchandising business under the perpetual inventory system and review the closing process for a merchandising business.

    Inventories
    This course comprehensively covers the topic of inventories, including internal controls, inventory costing methods, lower of cost and net realizable value adjustments, and the effects of inventory errors on financial statements. This course will describe the importance of control over inventory and examine three inventory cost flow methods and their impact on the income statement and balance sheet.

    Internal Control and Cash
    This course will introduce students to reporting of cash and cash equivalents in financial statements. In his course will students will describe the objectives and elements of internal control and examine the accounting process for petty cash funds. Students will discuss the application of internal controls to cash and review the nature of a bank account and its use in controlling cash.

    Receivables
    This course will introduce students to the common classes of receivables and describe the accounting process for uncollectible receivables. Students will examine the direct write-off method of accounting for uncollectible receivables and explore the allowance method of accounting for uncollectible receivables. This course will describe the accounting for notes receivable and examine the reporting of receivables on the balance sheet.

    Property, Plant, and Equipment and Intangible Assets
    This course will enable students to define, classify, and account for the cost of property, plant, and equipment. Students will learn to calculate depreciation, using the following methods: straight-line method, units-of-production method, and double-declining-balance method. Students will learn to journalize entries for the disposal of property, plant, equipment and for amortization of natural resources. This course will examine the accounting process for intangible assets, and for goodwill. Students will review how depreciation, amortization expense and impairment losses are reported in an income statement. Students will also learn to prepare a balance sheet that includes property, plant, and equipment and other long-term assets.

    Semester 3
    Current Liabilities and Payroll
    This course covers a variety of obligations included in the Current Liabilities section of the balance sheet. Known liabilities such as accounts payable, sales taxes payable (PST, GST, and HST), and notes payable are discussed along with estimated liabilities such as warranties and income taxes. Students will explore accounting for contingent liabilities, and preparing financial statements using International Financial Reporting Standards provisions. Students will also examine calculation of payroll deductions, and journal entries required for payroll, including employers’ payroll expenses.

    Accounting for Partnerships
    In this course students will learn to describe the characteristics of a proprietorship and a partnership. Students will examine the accounting process for forming a partnership and for dividing the net income and net loss of a partnership. This course will describe the accounting process for admission, withdrawal and liquidating a partnership and enable students to prepare a statement of changes in partnership equity.

    Corporate Finance I
    This course will introduce students to the nature of the corporate form of organization and describe the three main sources of shareholders’ equity. This course will define the characteristics of shares, classes of shares, and entries for issuing shares and review the accounting process for cash dividends. This course will also introduce students to the terms, rights, and preferences related to shares: common, pre-emptive, preferred, cumulative, noncumulative, participating, nonparticipating, convertible, and callable.

    Corporate Finance II
    This course continues the examination of corporations started in Corporate Finance I. This course introduces additional share transactions involving share dividends, splits, and repurchases. Whereas Corporate Finance I focused on the balance sheet, Corporate Finance II looks at the additional complexities of the corporate income statement and earnings per share. Special reporting of discontinued operations, unusual items, and accounting changes are also covered.

    Long-Term Liabilities
    This course examines the characteristics and terminology of bonds payable, and the potential impact on earnings per share. This course will enable students to journalize entries for bonds payable and familiarize them with the accounting process of installment notes. Students will also examine reporting and analysis of long-term liabilities.

    Investments
    This course will examine investments and explore various reasons companies invest in debt and equity securities. Students will analyze the accounting process for non-strategic investments and strategic investments.

    Statement of Cash Flows
    This course will examine the cash flow activities reported in the statement of cash flows. Students will learn to prepare a statement of cash flows, using the indirect method and prepare the operating activities section, using the direct method.

    Financial Statement Analysis
    This course presents techniques for analyzing financial statements and the contents of annual reports. The techniques for analyzing financial statements include horizontal analysis, vertical analysis, common-sized statements, and ratio analysis.

  • Fees & Expenses


    Tuition fees listed are in effect for the 2017-2018 academic year.

    • Application Fee: $100.00
    • Textbooks: $975.00
    • Postal Fee: $49.00
    • Tuition Fee: $3,825.00

    Total Tuition & Fees: $4,949.00