Sheridan Course Outlines

Land Acknowledgement

Sheridan College resides on land that has been, and still is, the traditional territory of several Indigenous nations, including the Anishinaabe, the Haudenosaunee Confederacy, the Wendat, and the Mississaugas of the Credit First Nation. We recognize this territory is covered by the Dish with One Spoon treaty and the Two Row Wampum treaty, which emphasize the importance of joint stewardship, peace, and respectful relationships.

As an institution of higher learning Sheridan embraces the critical role that education must play in facilitating real transformational change. We continue our collective efforts to recognize Canada's colonial history and to take steps to meaningful Truth and Reconciliation.

Section I: Administrative Information

Total hours: 42.0
Credit Value: 3.0
Credit Value Notes: N/A
Effective: Spring/Summer 2025
Prerequisites: ACCG70016
Corequisites: N/A
Equivalents: N/A
Pre/Co/Equiv Notes: N/A

Program(s): Accounting and Finance Profess, Small Business Bookkeeping
Program Coordinator(s): Ruxandra Dunn
Course Leader or Contact: N/A
Version: 20250505_00
Status: Approved (APPR)

Section I Notes: Access to course materials and assignments will be available on Sheridan's Learning and Teaching Environment (SLATE). Students will need reliable access to a computer and the internet.

Section II: Course Details

Detailed Description
Complete computerized accounting cycles for a variety of organizations using SAGE 50. Exposure to components in this accounting suite include: General Ledger, Accounts Payable, Accounts Receivable, Payroll and Inventory. Functionality related to System Set-up, Sales Taxes, Banking, Periodic Processing and Financial Reporting are also explored. Apply computerized accounting techniques to each step of the accounting cycle. Students will be required to install the free Student version of the software provided by Sage Software.

Program Context

Accounting and Finance Profess	Program Coordinator(s): N/A
This course is part of the Accounting and Finance cluster of course offerings.
Small Business Bookkeeping	Program Coordinator(s): Ruxandra Dunn
This course is a compulsory component for the Small Business Bookkeeping Certificate program.

Course Critical Performance and Learning Outcomes

	Critical Performance:
	By the end of this course, students will have demonstrated the ability to generate reliable financial information in a computerized environment, by accurately converting accounting data from manual records.

Learning Outcomes:

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

Complete the accounting cycle of various business entities using Sage 50 Accounting, including a complete set of financial statements that accurately reflect the financial position of the business in accordance with Canadian generally accepted accounting principles (GAAP).
Utilize a reliable database by performing administrative functions to ensure the routine maintenance of data stability, such as backups and adhering to internal controls, in order to secure data integrity for audit trails.
Set up structural elements of a company, including a chart of accounts, vendors, customers, employees, inventory items and process adjustments, reversing and recurring entries, account reconciliations and tax summaries.
Record a multitude of business transactions to progressively build appropriate accounting records within the concepts and principles of accrual accounting.
Review sub-ledgers to distinguish how business activity is tracked, specifically by vendor and customer, in the automation of both payment processes (cash disbursements) and billing processes (cash receipts).
Formulate methods by which errors can be located and corrected, accounts can be reconciled and high level information can be drilled down to locate detailed source transactions.
Distinguish sales taxes (specifically HST) and manage the requirements and obligations of businesses to account for and remit appropriate taxes generated from operational activities.
Maintain the payroll function to ensure the accurate and timely processing of employee pay and compliance with regulatory requirements for statutory source deductions.
Produce management reports after conducting period-end functions and prepare them in spread sheet and/or word processing applications, to facilitate problem solving and decision making.
Present financial statements in order to satisfy both internal and external stakeholders, including owners, managers, auditors, governments, banks and investors.

Evaluation Plan
Students demonstrate their learning in the following ways:

Evaluation Plan: ONLINE

	Assignments	60.0%
	Comprehensive Project	40.0%
	Total	100.0%

Evaluation Notes and Academic Missed Work Procedure:

TEST AND ASSIGNMENT PROTOCOL

The following protocol applies to every course offered by Continuing and Professional Studies.

1. Students are responsible for staying abreast of test dates and times, as well as due dates and any special instructions for submitting assignments and projects as supplied to the class by the instructor.

2. Students must write all tests at the specified date and time. Missed tests, in-class/online activities, assignments and presentations are awarded a mark of zero. The penalty for late submission of written assignments is a loss of 10% per day for up to five business days (excluding Sundays and statutory holidays), after which, a grade of zero is assigned. Business days include any day that the college is open for business, whether the student has scheduled classes that day or not.  An extension or make-up opportunity may be approved by the instructor at his or her discretion.

Provincial Context
The course meets the following Ministry of Colleges and Universities requirements:

Prior Learning Assessment and Recognition
PLAR Contact (if course is PLAR-eligible) - Office of the Registrar
Students may apply to receive credit by demonstrating achievement of the course learning outcomes through previous relevant work/life experience, service, self-study and training on the job. This course is eligible for challenge through the following method(s):

Challenge Exam
Notes:

Section III: Topical Outline

Some details of this outline may change as a result of circumstances such as weather cancellations, College and student activities, and class timetabling.
Instruction Mode: Online
Professor: Multiple Professors
Resource(s):
Course material costs can be found through the Sheridan Bookstore

	Type	Description
Required	Textbook	Using Sage 50 Accounting 2022, Purbhoo, Pearson Canada, 1st, ISBN 9780137866229, 2022

Applicable student group(s): Online students.
Course Details:

Module 1: Introduction to Sage 50 Accounting (LO's 1,2,7 & 10)

Getting Started

Text Preface - Software Installation
Technical Issues - Recommended Fixes
Content Review - Accounting Cycle & Basic Theory

Chapter 1 - Introduction

DVD Data Files
Date Formats
Data Back Up

Chapter 2 - Sales Taxes

Description
Administration

Module 2: General Journal & Ledger (LO's 1,3,4,6,7,9 & 10)

Chapter 3 - Binh's Bins

General Journal Transactions
Adjusting Entries
Reporting Functions

Chapter 4 - Love it Again

General Ledger Set-up
Chart of Accounts
Linking Control Accounts

Module 3: Accounts Payable & Receivable (LO's 1,3,4,5,6,7,9 & 10)

Chapter 5 - Groen Fields

A/P (Purchases & Payments)
Recurring Entries
Adjustments & Discounts

Chapter 6 - Phoebe's Photo Studio

A/R (Sales & Deposits)
Recurring Entries
Adjustments & Discounts

Chapter 7 - Air Care Services

Sub-Ledger Set-up
Adding/Editing Suppliers & Customers
Reporting Functions

Module 4: Payroll (LO's 1,3,4,6,8,9 & 10)

Chapter 8 - Helena's Academy

Payroll Journal Transactions
Adjusting Entries
Reporting Functions

Chapter 9 - Northern Lights

Payroll Ledger Set-up
Entering Employee Information
Tracking Statutory Requirements

Module 5: Inventory & Banking (LO's 1,3,4,6,7,9 & 10)

Chapter 10 - Kara's Kitchens

Inventory Purchase & Sales
Inventory Adjustments
Purchase & Sales Returns

Chapter 15 - Tesses Tresses

Bank Reconciliation
Period-end Procedures
Reporting Functions

Chapter 17 - Stratford Country Inn

a Comprehensive Project that includes everything covered in all previous lessons

Sheridan Policies

It is recommended that students read the following policies in relation to course outlines:

Academic Integrity
Copyright
Intellectual Property
Respectful Behaviour
Accessible Learning

All Sheridan policies can be viewed on the Sheridan policy website.

Appropriate use of generative Artificial Intelligence tools: In alignment with Sheridan's Academic Integrity Policy, students should consult with their professors and/or refer to evaluation instructions regarding the appropriate use, or prohibition, of generative Artificial Intelligence (AI) tools for coursework. Turnitin AI detection software may be used by faculty members to screen assignment submissions or exams for unauthorized use of artificial intelligence.

Course Outline Changes: The information contained in this Course Outline including but not limited to faculty and program information and course description is subject to change without notice. Nothing in this Course Outline should be viewed as a representation, offer and/or warranty. Students are responsible for reading the Important Notice and Disclaimer which applies to Programs and Courses.

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