Business Accounting and Payroll Technician

The Business Accounting Diploma Program prepares you for a rewarding career in the financial aspects and components of the fast paced world of business.

Making sound business decisions based on financial data is essential.  Accounting professionals are key members of the business team, providing the data to help sales and operations do their jobs better.

Our graduates have followed a range of career paths including Accounting Technician, Payroll Administrator, Account Receivable Clerk, Financial Analyst, Bookkeeper and other business support roles.  Our focus is on providing you with the practical skills required for the workplace. Oulton College has been training office professionals for nearly 60 years. We know the skills you need to get hired!

Our Business Accounting Diploma program provides hands-on practical experience and training in:

  • Accounting Principles: extensive manual accounting and bookkeeping procedures including inventory, cash, receivables management, management accounting and departmental accounting.
  • Sage 50: extensive knowledge of accounting software
  • Payroll Training: Employment Standards, statutory deductions, benefits, allowances and preparing T-4s.
  • Microsoft Office: Outlook, Power Point, Excel, and Word
  • Personal Taxation-Preparation of home tax return.
  • Managerial accounting-How to make decisions based on a financial statement.

After 9 months of classroom and hands-on training, your program concludes with a 4-week practicum.

If the fast paced world of business intrigues you and you like working with numbers and computers in an office environment, our Business Accounting Program may be just the program for you. This program has an articulation agreement with Crandall University if you wish you continue in that path.

Term: September – June

Practicum: 4 weeks

Articulation: This program has an articulation agreement with Crandall University. 

Career Choices

The fast paced world of business always needs qualified and trained accounting professionals. Making sound business decisions based on financial data is crucial for survival.

Accounting professionals are trained to be key members of the business team, helping operations and sales perform their jobs betters with accurate information. Our graduates often find placements in banks and large companies as well as in small businesses, the service industries, government and public accounting.

  • Accounting Technician.
  • Office Manager
  • Office Administrator
  • Bookkeeper
  • Payroll Administrator
  • Financial Clerk
  • Variety of business support roles

You Will Learn

  • Accounting Principles and Procedures
  • Payroll
  • Communications
  • Business Basics
  • Business Math
  • Computerized Accounting
  • Computer Applications

Course Descriptions

ACC 101: Accounting I

This course will focus on completing the accounting cycle for sole proprietorships in the service and sales industries.  It will cover the cycle from analyzing to recording to preparation of financial statements.  The differences between providing a service and providing a product will be explored and practiced.  A look at special journals and cash controls will round out this course.  Students will learn the terminology and ethics of the accounting field.  This is a prerequisite for Computerized Accounting and Accounting ll.

ACC 102: Payroll

This course is intended to provide the student with an introductory knowledge of Canadian payroll practices and procedures. Employment standards, payroll deductions & taxes, government remittances, employee benefits, employment insurance, workers compensation, records of employment, payroll recordkeeping and end of year procedures will be covered in order to provide the necessary competencies to create and maintain payroll systems. Students will learn to prepare government remittances and returns both manually and electronically as usually required. 

ACC 103: Personal Taxation

This course is intended to provide the student with an introductory knowledge of Canadian taxation for individuals and small businesses. The administration of the tax system, income from employment, income for business, income for property, depreciable property, capital gains and losses, and other tax deductions will be studied.  Multiple case studies will be used to gain experience in determining taxable income and income taxes payable.  Students will then spend time preparing sample income tax returns.  An objective of this course is to prepare students to volunteer in the college-hosted CRA Community Volunteer Income Tax clinic that will be offered during the upcoming tax season in Term 2. 

ACC 201: Accounting II

Control accounts, sub ledgers, internal controls, accounts receivables and bank reconciliations will be put into practice. This course will examine accounting for long lived assets, current and long term liabilities and investments.  It will focus on accounting for various types of businesses, such as proprietorships, partnerships and a more detailed study of corporations.  A detailed study of corporate structure and corporate financial statements.    It will conclude with a study of how to analyze the cash flows and financial statements of a company in order to be an asset to employers in decision making.

ACC 202: Applied Accounting

This course will provide students with the practical application of topics leaned in first term accounting. You will learn to analyze, understand and prepare reports required for Financial Accounting. We will also complete one month transactions for a fictional company manually and using Sage 50.

ACC 203: Computerized Accounting

This course will provide the student with basic skills used in Sage 50 in actual company settings. The program takes the student through everyday computerized accounting processes, including general ledger transactions, receivables, payables, and setting up a new company. Students are guided step-by-step through analyzing, recording, and processing accounting transactions. Separate modules covering company setup, receivables, and payables take the student through hands-on instruction using actual company data.

ACC 204: Managerial Accounting

This course introduces managerial and cost accounting concepts and methods used to report managerial performance. This information is used by internal users and managers to assist in making sound business decisions. The course utilizes case studies to enable students to apply the concepts to actual business decisions.

BUS 101: Business Basics

The course is designed to introduce students to different aspects of a general business environment. Various topics such as global markets, economic challenges, competitive forces, forms of business ownership, and financial management will be covered. This information will provide students with a general understanding of how Canadian businesses operate.

BUS 102: Business Math

Students will learn how to perform business math equations both manually and for use with computer software, including: working with fractions, percents, decimals and ratios, calculating payroll net of all deductions, price products based on markup, discounts and gross margin, as well as calculating simple and compound interest.

BUS 103: Business Communications

This course will prepare you for different types of verbal and written communication in the work place.  It will teach you numerous styles of letters and when they are to be used, as well as tactics for editing and proofreading a document.  Lastly you will be taught proper formatting for various types of documents.

COMP 100: Computer Applications I

This course introduces the concepts and principles underlying personal productivity tools that are widely used in business such as word processing. Students learn basic computer terminology and concepts. Hands-on exercises provide students with experience in the use of personal computers and productivity tools. The student will use Microsoft Word to create documents, format the document, work with graphics in a document, and properly proof the document. This course covers Microsoft Excel at the introduction stage - how to work with information, change information, create basic math formulas, and create charts. The student will also be introduced to basic concepts of creating a presentation in PowerPoint using the same techniques. The first semester will cover Word, Excel, and PowerPoint.

COMP 200: Computer Applications II

This course introduces the concepts and principles underlying personal productivity tools that are widely used in business, such as word processing. Students learn basic computer terminology and concepts. Hands-on exercises provide students with experience in the use of personal computers and productivity tools. This course covers Excel at the introduction to intermediate level - how to work with information, change information, create basic math formulas, and create charts. The student will also be introduced to basic concepts of creating a presentation in PowerPoint using the same techniques.

*Content is subject to change by administration as required to meet program and profession standards.

Admission Requirements

  • Grade 12 Diploma, Adult Diploma or GED
  • Meeting with an Admissions Advisor
  • Acceptance by the Admissions Committee
  • Completion of the Pre-Enrollment Package

Unless they have completed a minimum of three years of study at a school where English is the language of instruction, international students whose first language is not English must submit proof of English language proficiency:

  • CAEL – 70
  • IELTS – 7.0
  • TOEFL – 550 paper based, 270 computer based
  • MELAB - 90

Education Pathways

Oulton College is proud to partner with Crandall University to provide students with a base education (a college education that can be credited towards the completion of a degree!)

Your diploma from Oulton College will allow you to transfer 24 credit hours toward the Adult Degree Completion Program– Bachelor of Arts in Organizational Management

Business Accounting and Payroll Technician

The Business Accounting Diploma Program prepares you for a rewarding career in the financial aspects and components of the fast paced world of business.

Making sound business decisions based on financial data is essential.  Accounting professionals are key members of the business team, providing the data to help sales and operations do their jobs better.

Our graduates have followed a range of career paths including Accounting Technician, Payroll Administrator, Account Receivable Clerk, Financial Analyst, Bookkeeper and other business support roles.  Our focus is on providing you with the practical skills required for the workplace. Oulton College has been training office professionals for nearly 60 years. We know the skills you need to get hired!

Our Business Accounting Diploma program provides hands-on practical experience and training in:

  • Accounting Principles: extensive manual accounting and bookkeeping procedures including inventory, cash, receivables management, management accounting and departmental accounting.
  • Sage 50: extensive knowledge of accounting software
  • Payroll Training: Employment Standards, statutory deductions, benefits, allowances and preparing T-4s.
  • Microsoft Office: Outlook, Power Point, Excel, and Word
  • Personal Taxation-Preparation of home tax return.
  • Managerial accounting-How to make decisions based on a financial statement.

After 9 months of classroom and hands-on training, your program concludes with a 4-week practicum.

If the fast paced world of business intrigues you and you like working with numbers and computers in an office environment, our Business Accounting Program may be just the program for you. This program has an articulation agreement with Crandall University if you wish you continue in that path.

Term: September – June

Practicum: 4 weeks

Articulation: This program has an articulation agreement with Crandall University. 

Career Choices

Career Choices

The fast paced world of business always needs qualified and trained accounting professionals. Making sound business decisions based on financial data is crucial for survival.

Accounting professionals are trained to be key members of the business team, helping operations and sales perform their jobs betters with accurate information. Our graduates often find placements in banks and large companies as well as in small businesses, the service industries, government and public accounting.

  • Accounting Technician.
  • Office Manager
  • Office Administrator
  • Bookkeeper
  • Payroll Administrator
  • Financial Clerk
  • Variety of business support roles

You Will Learn

You Will Learn

  • Accounting Principles and Procedures
  • Payroll
  • Communications
  • Business Basics
  • Business Math
  • Computerized Accounting
  • Computer Applications

Course Description

Course Descriptions

ACC 101: Accounting I

This course will focus on completing the accounting cycle for sole proprietorships in the service and sales industries.  It will cover the cycle from analyzing to recording to preparation of financial statements.  The differences between providing a service and providing a product will be explored and practiced.  A look at special journals and cash controls will round out this course.  Students will learn the terminology and ethics of the accounting field.  This is a prerequisite for Computerized Accounting and Accounting ll.

ACC 102: Payroll

This course is intended to provide the student with an introductory knowledge of Canadian payroll practices and procedures. Employment standards, payroll deductions & taxes, government remittances, employee benefits, employment insurance, workers compensation, records of employment, payroll recordkeeping and end of year procedures will be covered in order to provide the necessary competencies to create and maintain payroll systems. Students will learn to prepare government remittances and returns both manually and electronically as usually required. 

ACC 103: Personal Taxation

This course is intended to provide the student with an introductory knowledge of Canadian taxation for individuals and small businesses. The administration of the tax system, income from employment, income for business, income for property, depreciable property, capital gains and losses, and other tax deductions will be studied.  Multiple case studies will be used to gain experience in determining taxable income and income taxes payable.  Students will then spend time preparing sample income tax returns.  An objective of this course is to prepare students to volunteer in the college-hosted CRA Community Volunteer Income Tax clinic that will be offered during the upcoming tax season in Term 2. 

ACC 201: Accounting II

Control accounts, sub ledgers, internal controls, accounts receivables and bank reconciliations will be put into practice. This course will examine accounting for long lived assets, current and long term liabilities and investments.  It will focus on accounting for various types of businesses, such as proprietorships, partnerships and a more detailed study of corporations.  A detailed study of corporate structure and corporate financial statements.    It will conclude with a study of how to analyze the cash flows and financial statements of a company in order to be an asset to employers in decision making.

ACC 202: Applied Accounting

This course will provide students with the practical application of topics leaned in first term accounting. You will learn to analyze, understand and prepare reports required for Financial Accounting. We will also complete one month transactions for a fictional company manually and using Sage 50.

ACC 203: Computerized Accounting

This course will provide the student with basic skills used in Sage 50 in actual company settings. The program takes the student through everyday computerized accounting processes, including general ledger transactions, receivables, payables, and setting up a new company. Students are guided step-by-step through analyzing, recording, and processing accounting transactions. Separate modules covering company setup, receivables, and payables take the student through hands-on instruction using actual company data.

ACC 204: Managerial Accounting

This course introduces managerial and cost accounting concepts and methods used to report managerial performance. This information is used by internal users and managers to assist in making sound business decisions. The course utilizes case studies to enable students to apply the concepts to actual business decisions.

BUS 101: Business Basics

The course is designed to introduce students to different aspects of a general business environment. Various topics such as global markets, economic challenges, competitive forces, forms of business ownership, and financial management will be covered. This information will provide students with a general understanding of how Canadian businesses operate.

BUS 102: Business Math

Students will learn how to perform business math equations both manually and for use with computer software, including: working with fractions, percents, decimals and ratios, calculating payroll net of all deductions, price products based on markup, discounts and gross margin, as well as calculating simple and compound interest.

BUS 103: Business Communications

This course will prepare you for different types of verbal and written communication in the work place.  It will teach you numerous styles of letters and when they are to be used, as well as tactics for editing and proofreading a document.  Lastly you will be taught proper formatting for various types of documents.

COMP 100: Computer Applications I

This course introduces the concepts and principles underlying personal productivity tools that are widely used in business such as word processing. Students learn basic computer terminology and concepts. Hands-on exercises provide students with experience in the use of personal computers and productivity tools. The student will use Microsoft Word to create documents, format the document, work with graphics in a document, and properly proof the document. This course covers Microsoft Excel at the introduction stage - how to work with information, change information, create basic math formulas, and create charts. The student will also be introduced to basic concepts of creating a presentation in PowerPoint using the same techniques. The first semester will cover Word, Excel, and PowerPoint.

COMP 200: Computer Applications II

This course introduces the concepts and principles underlying personal productivity tools that are widely used in business, such as word processing. Students learn basic computer terminology and concepts. Hands-on exercises provide students with experience in the use of personal computers and productivity tools. This course covers Excel at the introduction to intermediate level - how to work with information, change information, create basic math formulas, and create charts. The student will also be introduced to basic concepts of creating a presentation in PowerPoint using the same techniques.

*Content is subject to change by administration as required to meet program and profession standards.

Admission Requirements

Admission Requirements

  • Grade 12 Diploma, Adult Diploma or GED
  • Meeting with an Admissions Advisor
  • Acceptance by the Admissions Committee
  • Completion of the Pre-Enrollment Package

Unless they have completed a minimum of three years of study at a school where English is the language of instruction, international students whose first language is not English must submit proof of English language proficiency:

  • CAEL – 70
  • IELTS – 7.0
  • TOEFL – 550 paper based, 270 computer based
  • MELAB - 90

Education Pathways

Education Pathways

Oulton College is proud to partner with Crandall University to provide students with a base education (a college education that can be credited towards the completion of a degree!)

Your diploma from Oulton College will allow you to transfer 24 credit hours toward the Adult Degree Completion Program– Bachelor of Arts in Organizational Management

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