Program(s): Accounting
Program Coordinator(s): Multiple Coordinators
Course Leader or Contact: Multiple Course Leaders
Version: 1.0
Status: Approved - Under Rev (AREV)

Typical Instructional Format

Courses may be offered in other formats.

Section I Notes: All Students: This course is delivered using Sheridan's web-based learning management system SLATE. SAGE, the software vendor, has licensed the use of a student version of Simply Accounting Premium 2011, for 14 months. This course is offered both in a classroom version and an online version Continuing Education: In the classroom version students attend regularly scheduled traditional classes (3 hours face-to- face), in a lab classroom, using Sheridan's computers. OPTIONAL; it is advantageous for student's to have access to their own computer for the completion of assignments, however, 'open access' labs are available on campus. In the on-line version students complete the course, off-campus, submitting all assigned work electronically. Students are required to have access to a computer and reliable internet service, as well as basic knowledge using a PC with a Microsoft Operating System, a Web Browser and MS Word/Excel. To be successful in an on-line environment, students require self- discipline to work independently.

Detailed Description
Students 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. Students are introduced to the tools and administrative functions within a Simply Accounting database. Using simulated source documents and a step-by-step approach, students record business transactions, generate periodic processes and produce financial reports essential to decision makers. This hands-on perspective allows students to conceptualize the processes of an accounting system and its inherent internal controls that maintain data integrity for audit purposes. Through interactive discussions, case studies and targeted deliverables, a key stroke approach develops the student¿s ability to apply computerized accounting techniques to each step of the accounting cycle.

Program Context

 
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 
Simply 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.

In-Class & On-Line Delivery 

Quizzes                    10%
Assignments                20%
Project (Modules 2,3,4)    30%
Comprehensive Final        40% 
                                    
Total                      100%

Notes: Instructor will provide students with written details of the 
evaluation plan, within their class.

Textbook: Using SAGE Simply Accounting Premium 2011, M. Purbhoo 
(Pearson Publishing)
Software: Simply Accounting Premium 2011, Student Edition (Limited 
License)

Module 1: Introduction to Simply 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 - Muriel's Murals 	
 - General Journal Transactions
 - Adjusting Entries
 - Reporting Functions  

Chapter 4 - Toss for Tots 	
 - 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 - Chai Tea Room
 - A/P (Purchases & Payments)
 - Recurring Entries
 - Adjustments & Discounts 

Chapter 6 - Air Care Services
 - A/R (Sales & Deposits)
 - Recurring Entries
 - Adjustments & Discounts

Chapter 7 - Dorfmann Design
 - 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 - Lime Light Laundry
 - 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 - Adrienne Aesthetics
 - Inventory Purchase & Sales 
 - Inventory Adjustments
 - Purchase & Sales Returns

Chapter 15 - Tesses Tresses
 - Bank Reconciliation
 - Period-end Procedures
 - Reporting Functions