Computerized Accounting Processes
  I: Administrative Information   II: Course Details   III: Topical Outline(s)  Printable Version
Section I: Administrative Information
  Total hours: 42.0
Credit Value: 3.0
Credit Value Notes: N/A
Effective: Winter 2022
Prerequisites: ACCG70016
Corequisites: N/A
Equivalents: N/A
Pre/Co/Equiv Notes: N/A

Program(s): Accounting and Finance Profess, Small Business Bookkeeping, Tax Accounting
Program Coordinator(s): Ruxandra Dunn
Course Leader or Contact: N/A
Version: 20220110_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, Simply Accounting. 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 are required to bring their own laptops to class and will need to install the software provided with the textbook.

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.

Tax Accounting Program Coordinator(s): Ruxandra Dunn
This course is a compulsory component for the Tax Accounting 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:

  1. 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).
  2. 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.
  3. 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.
  4. Record a multitude of business transactions to progressively build appropriate accounting records within the concepts and principles of accrual accounting.
  5. Review sub-ledger's 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).
  6. 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.
  7. Distinguish sales taxes (specifically HST) and manage the requirements and obligations of businesses to account for and remit appropriate taxes generated from operational activities.
  8. Maintain the payroll function to ensure the accurate and timely processing of employee pay and compliance with regulatory requirements for statutory source deductions.
  9. 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.
  10. 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
 Comprehensive Final40.0%

Evaluation Notes and Academic Missed Work Procedure:

Evaluation Plan: IN-CLASS
 Comprehensive Final40.0%

Evaluation Notes and Academic Missed Work Procedure:

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

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.
Print Instruction Mode Professor Applicable Student Group(s)
In-Class Multiple Professors In-class Students
Online Multiple Professors Online students.

Sheridan Policies

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

Academic Integrity: The principle of academic integrity requires that all work submitted for evaluation and course credit be the original, unassisted work of the student. Cheating or plagiarism including borrowing, copying, purchasing or collaborating on work, except for group projects arranged and approved by the professor, or otherwise submitting work that is not the student's own, violates this principle and will not be tolerated. Students who have any questions regarding whether or not specific circumstances involve a breach of academic integrity are advised to review the Academic Integrity Policy and procedure and/or discuss them with the professor.

Copyright: A majority of the course lectures and materials provided in class and posted in SLATE are protected by copyright. Use of these materials must comply with the Acceptable Use Policy, Use of Copyright Protected Work Policy and Student Code of Conduct. Students may use, copy and share these materials for learning and/or research purposes provided that the use complies with fair dealing or an exception in the Copyright Act. Permission from the rights holder would be necessary otherwise. Please note that it is prohibited to reproduce and/or post a work that is not your own on third-party commercial websites including but not limited to Course Hero or OneNote. It is also prohibited to reproduce and/or post a work that is not your own or your own work with the intent to assist others in cheating on third-party commercial websites including but not limited to Course Hero or OneNote.

Intellectual Property: Sheridan's Intellectual Property Policy generally applies such that students own their own work. Please be advised that students working with external research and/or industry collaborators may be asked to sign agreements that waive or modify their IP rights. Please refer to Sheridan's IP Policy and Procedure.

Respectful Behaviour: Sheridan is committed to provide a learning environment that supports academic achievement by respecting the dignity, self-esteem and fair treatment of every person engaged in the learning process. Behaviour which is inconsistent with this principle will not be tolerated. Details of Sheridan's policy on Harassment and Discrimination, Academic Integrity and other academic policies are available on the Sheridan policy website.

Accessible Learning: Accessible Learning coordinates academic accommodations for students with disabilities. For more information or to register, please see the Accessible Learning website (Statement added September 2016)

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. Any changes to course curriculum and/or assessment shall adhere to approved Sheridan protocol. 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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