Program(s): Accounting
Program Coordinator(s): Brent Koritko
Course Leader or Contact: N/A
Version: 4.0
Status: Approved (APPR)

Section I Notes: This course is offered in a blended format that includes online and in class/virtual meeting components. The total instruction time will be 42 hours. The online portions of the course are web-based and offered through Sheridan College's SLATE learning management system . Students taking this course will need a laptop computer, reliable access to the internet, and should have a basic level of comfort using computers as well as the self- discipline to study independently. Students can expect to spend an additional three hours per week for online activities such as postings, discussions, reading, homework and assignments

Detailed Description
Students build on their knowledge and application of accounting principles and concepts by focusing on the Asset side of the balance sheet. Through interactive lessons, application of transactions within an ERP system, assignments and problem solving activities students learn how to account for and report business transactions. This course is based on the Accounts Receivable Specialist job role. Students examine the value that the AR role brings to an organization and some of the critical skills required to succeed.

Program Context

 CRITICAL PERFORMANCE:
By the end of this course, students will have demonstrated the ability 
to identify, record and analyze assets by performing critical Accounts 
Receivable processes.

LEARNING OUTCOMES: 
To achieve the critical performance, students will have demonstrated 
the ability to: 

1. Classify and describe the different type of business assets.
2. Describe the characteristics of current and long-term assets.
3. Identify the components of the accounting cycle that pertain to the 
AP and AR functions.
4. Record accounts receivable and apply the direct method and 
allowance method for recording uncollectible amounts.
5. Prepare journal entries to record and pay payroll liabilities for 
the employees and for payroll costs levied on employers.
6. Calculate interest with respect to notes payable.
7. Analyze the Quote-to-Cash business process.
8. Perform the A/R role in the Quote to Cash Business cycle from 
invoicing to A/R sub-ledger reconciliations.
9. Identify customer relations issues that arise from accounts past 
due, and devise strategies to effectively deal with them.
10. Identify the critical technical skills and performance 
expectations for an Accounts Receivable Specialist 
11. Self -assess your competence in applying the following business 
skills: problem-solving, communication, teamwork, presentation and 
collaboration.
	

Quizzes 15% 
Assignments 20% 
Mid- term 25%
Comprehensive Final Exam 40%
Total  100%

*Students must achieve a minimum of 50% on the final exam in order to 
earn credit for the course. Students are expected to appear in person 
to write the final exam at specified exam locations.

Online texts, reading and references , articles, applied assignments and 
navigation of enterprise resource planning software to complete 
activities that support the learning outcomes and critical performance 
requirements of the course and overall program objectives.

Course Details:

Module 1 - The Asset Section of the Balance Sheet

- Type of Assets 
- Classify cash items
- Explain the role of Cash Management
- Apply basic techniques to increase cash flow
- Identify cash control features within an ERP System
 

Module 2 - Accounts Receivable

- Value Accounts Receivable using the direct and indirect method
- Account for short-term Notes Receivable
- Explain the characteristics of property, plant and equipment
- Apply the cost principle to record costs at acquisition and 
subsequent to acquisition.
- Calculate and record depreciation using straight-line, units-of 
production and declining balance methods  
- Prepare journal entries for the disposition of long-term assets
- Explain the characteristics of intangible assets


Module 3 - The Quote-to-Cash Accounting Cycle

- Identify the invoicing process within an ERP accounting system
- Record a series of invoices
- Perform Invoice reconciliation
- Perform the five stages of the expenditure cycle
	- Requisitions (Purchase Requisition)
	- Ordering (Purchase Orders)
	- Receiving
	- Approve Supplier Invoices 
	- Cash Disbursements 
 

Module 4 - The Accounts Receivable (AR) Role in an Organization
  
- Define the role of the  AR Specialist in an organization 
- Identify the responsibilities of the AR role 
- Discuss the challenges and problem solving requirements of the AR 
Specialist role
- Create AR sub-ledger account in the ERP system
- Define and record AR sub-ledger entries
  

Module 5 - Past- Due Accounts and Handling Customer Related Issues

- Examine the potential impact of Past Due Accounts on the business¿ 
cash flow 
- Evaluate the profitability of relationships with delinquent clients  
- Identify collection strategies applicable to various situations- 
write offs, collection agencies
- Apply issue resolution skills: in person, over the phone, and 
through email with clients
- Recognize opportunities for creative problem-solving and deepening 
customer relationships through issue resolution

Retain this course outline during the course and for future use when 
applying for credit at other educational institutions.