Simply Financials-Making Simply
Accounting Work For You! ©2009
12 hrs – 4 evenings or 2 days
Click to view Certificate
Session 1: Getting Started
Create a new company
Set up sales taxes
Essential Linked Accounts
How to post an expense/cash
How to buy inventory/charge
How to Post a cash sale
How to sell inventory/charge
How to post a paycheque
Session 2: Advanced Set-ups
Projects-Job Costing
Departments
Warehouses
Price Lists
Importing
Exporting
Bill of Materials
How to make a T4 Summary
How to do an ROE
Session 3: CRA Compliance & Reporting
Accounting Equation, GAAP, Accruals
Revenue-Matching Principle, CCA
Prepaid Expenses, Customer Deposits
Session 4: Review and Excercise
Hands-on session using computers
Sales, Purchases, Paycheques
Allocations, Inventory, Services
Simply Financials – Bookkeeping
Basics, Compliance, Reporting©2009
30 hrs – 10 evenings or 5 days
Click to view Certificate
101 - Basics
The Bookkeeping Profession
The Bookkeeping Process, T accounts
The Accounting Equation & Cycle
The 5 Steps of Manual Bookkeeping
3 Case Studies:
Aboriginal Artist
Farm Partnership
Incorporated Int’l
Trader
201 - Compliance
Commercial Fraud and ID Theft
Proprietor, Partner, Corporation
CRA Dates & Glossary of Terms
Income Tax Returns (T1 and T2
Fixed Asset Records, Amortization
GST/HST forms, dates
Payroll, Benefits, Dates, T4, Holidays,
Employee or Contractor?
AUTO (KM log, receipts, prorated)
E-Commerce, Aboriginal Businesses
International Trading Terms
201 - Reporting
Ratios manage for planning & borrowing
Cash flow SCFP evaluates sources & timing
Budgets forecast future based on past
IFRS/GAAP: Revenue recognition,
Fixed Assets Valuation
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Simply Financials – Bookkeeping
For
Entrepreneurs ©2009
12 hrs – 4 evenings or 2 days
Click to view Certificate
1. The Essentials of Bookkeeping
The Accounting Equation & Cycle
The 5 Steps of Manual Bookkeeping
A Case Study to suit Student
2. Government Regulations
Proprietor, Partner, Corporation
CRA Dates & Glossary of Terms
Income Tax Returns (T1 and T2
Fixed Asset Records, Amortization
GST/HST forms, dates
Payroll, Benefits, Dates, T4, Holidays,
Employee or Contractor?
AUTO (KM log, receipts, prorated)
Environmental Compliance
Work Safety
Workers Compensation
3. Reports
Ratios: manage planning & borrowing
Cash flow SCFP: evaluates sources & timing
Budgets: forecast future based on past
What bankers are looking for
4. Security & Privacy
Commercial Fraud
ID Theft
PIPEDA
Locked Filing Systems
Offsite backups
Documented Office Procedures
Internal Controls for Cash, Inventory,
Receivables, Payables
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