Detailed Syllabus
1) Accounting Fundamentals (Strong Foundation)
Theory
- Introduction to Accounting Principles (GAAP – Canada Overview)
- Accounting Cycle (Start to End)
- Types of Accounts (Assets, Liabilities, Equity, Revenue, Expenses)
- Debit & Credit Rules (Golden Rules Simplified)
- Journal Entries & Ledger Posting
- Trial Balance Concept
Practical
- Passing Basic Journal Entries
- Creating Ledger Accounts
- Preparing Trial Balance
2) Canadian Accounting System
Theory
- Overview of Canadian Financial System
- Introduction to CRA (Canada Revenue Agency)
- Fiscal Year & Reporting Standards in Canada
- Types of Business (Sole Proprietor, Corporation, Partnership)
Practical
- Setting up Canadian Business Structure in QuickBooks
- Understanding Real Business Data
3) QuickBooks (Canada) – Complete Setup
Theory
- Introduction to Cloud Accounting
- Features of QuickBooks Online (Canada Version)
Practical
- Company Creation (Canada Settings)
- Chart of Accounts Setup (Advanced)
- User Roles & Permissions
- Customizing Dashboard
4) Sales & Receivables (Accounts Receivable)
Theory
- Revenue Recognition Basics
- Credit Sales vs Cash Sales
Practical
- Customer Setup
- Estimates & Quotations
- Invoice Creation (With GST/HST)
- Sales Receipts
- Recording Customer Payments
- Managing Outstanding Receivables
5) Purchases & Payables (Accounts Payable)
Theory
- Expense Recognition
- Trade Payables Management
Practical
- Vendor Setup
- Recording Bills & Expenses
- Bill Payments
- Tracking Payables
6) Banking & Reconciliation
Theory
- Banking System in Accounting
- Importance of Reconciliation
Practical
- Bank Feeds Integration
- Recording Transactions
- Bank Reconciliation (Advanced Level)
- Handling Errors & Adjustments
7) Canadian Taxation – GST/HST
Theory
- GST vs HST vs PST (Detailed Understanding)
- Input Tax Credit (ITC)
- Tax Filing System in Canada
Practical
- Tax Setup in QuickBooks
- Applying Tax on Transactions
- GST/HST Return Preparation
- Filing Simulation
8) Payroll System (Canada)
Theory
- Payroll Structure in Canada
- CPP, EI, Income Tax Deductions
- Employer vs Employee Contributions
Practical
- Employee Setup
- Salary Processing
- Payroll Entries
- Payslip Generation
- Payroll Reports
9) Inventory Management
Theory
- Inventory Concepts (FIFO, Valuation)
- Stock Control Methods
Practical
- Inventory Setup in QuickBooks
- Tracking Stock
- Purchase & Sales of Inventory
- Inventory Reports
10) Financial Statements & Reporting
Theory
- Profit & Loss Statement (Detailed)
- Balance Sheet (Structure & Analysis)
- Cash Flow Statement
Practical
- Generating Financial Reports
- Custom Reports
- Financial Analysis for Decision Making
11) Advanced Accounting Concepts
Theory
- Depreciation Methods
- Accrual vs Cash Accounting
- Adjusting Entries
- Year-End Closing Process
Practical
- Recording Adjustments
- Closing Entries
- Preparing Final Accounts
12) Budgeting & Forecasting
Theory
- Budget Planning
- Financial Forecasting Basics
Practical
- Creating Budgets in QuickBooks
- Comparing Actual vs Budget Reports
13) Audit & Error Handling
Theory
- Basics of Audit
- Internal Controls
Practical
- Identifying Errors
- Rectification Entries
- Audit Trail in QuickBooks
14) Real Business Case Study (Final Project)
Practical (Major Focus)
- Complete Company Accounting (Start to End)
- Monthly Transactions Recording
- GST/HST Filing
- Payroll Processing
- Final Financial Reports
15) Professional Skills & Job Preparation
- Resume Building (Accounting Jobs)
- Interview Questions (Canada Accounting Roles)
- Freelancing for International Clients
- Work Simulation Training
