Business Accounting / Financial Services
Over 50 years of Business Education
| Placement Rate | |
| 2009 | 93.5% |
| 2008 | 95% |
| 2007 | 93% |
| 2006 | 95% |
| 2005 | 91% |
| 2004 | 89% |
| 2003 | 89% |
| Hourly Rate $10.00 - $14.00 |
|
| Average Starting Salary $20,800 - $29,120 |
|
After 51 years of doing business, Oulton College has the experience and expertise of providing students with practical skills that will contribute, in a creative and realistic way, to their success when they enter the business world either as employees or as self-employed entrepreneurs. Courses are enriched with practical projects, which involve the student in the business world, and by the input of business professionals, who come in the classroom to share their up-to-date experiences. Graduates may be employed by business enterprises in accounting, management, sales, financial institutions, government departments and insurance companies. Many will become entrepreneurs and start their own businesses.
Course Content
INSTRUCTIONAL MODULE 1 – ACCOUNTING
BUS – 131 ACCOUNTING
The objective of this course is to provide the students with the basic accounting information necessary to understand how the business process is reflected in financial statements. The students will develop applied skills in analyzing business transactions to closing entries. To reach the course objective, the program takes the students through the accounting cycle, bank reconciliation, managing petty cash, internal controls and all types of journals. Year end preparation using CaseWare software is also explored. Generally accepted accounting principles are examined throughout the course, as they relate to the specific subject areas.
BUS – 132 COMPUTERIZED ACCOUNTING
Students will use the latest business and accounting software (Simply Accounting) to undertake a more comprehensive approach to computerized accounting. This course provides a practical, hands-on approach to learning Simply Accounting. Students learn how to set up a company’s books, enter historical information, process current transactions, perform month end and year end transactions and produce financial statements. They will be introduced to the following modules: general, receivable, payable, payroll, inventory and project.
BUS – 142 INTRODUCTION TO PAYROLL
This course introduces the students to payroll practices and procedures such as payroll deductions, payroll taxes and remittances, payroll benefits, payments to employees, employment insurance, workers compensation, records of employment, payroll recordkeeping, payroll journal entries, end of year procedures.
BUS – 152 ENTREPRENEURSHIP
This course provides all of the essentials for an entrepreneur to start a business. Writing a business plan, selecting a business name, registering a business, taxation and business number, regulations, copyright, patents and trademarks are examined. Student entrepreneurs may also be eligible for $15,000 or repayable unsecured personal loans from ACOA through their young entrepreneurs connexion program.
BUS – 155 BUSINESS SOFTWARE (Level 1)
Emphasis in this course is placed on giving the student competence in Microsoft Office software, which is becoming the software of choice for most businesses today.
The students are introduced to Microsoft’s latest office software which includes Word, Excel, PowerPoint, Access and Outlook. The software included in this course is continually being updated to remain current with the ever-changing needs of businesses today. Students may opt for Level 1, 2, 3 or 4 depending on which level of Microsoft Office software they have already completed.
INSTRUCTIONAL MODULE 2 – HUMAN RESOURCES & PAYROLL
BUS – 235 HUMAN RESOURCES
In preparing to work as human resource practitioners, students explore the concepts pertaining to human resources management (HRM). Principles and procedures relating to organizational effectiveness; staffing; employee and labour relations; total compensation; organizational learning, development and training; workplace health and safety; human resource information management; and professional human resources practices will be examined. Students may choose to apply for HRANB membership and begin the process towards achieving their CHRP designation.
BUS – 242 PAYROLL
This course will provide the students with an in-depth knowledge of payroll practices and procedures. The course will be taught to the Canadian Payroll Administration’s curriculum and may lead to the nationally recognized certificate as a Payroll Administrator. The contract of employment, employment laws, trade unions and collective bargaining, payroll deductions, payroll taxes and remittances, payroll benefits, payments to employees, employment insurance, workers compensation, records of employment, payroll recordkeeping, payroll journal entries, and end of year procedures will be covered in order to provide the necessary competencies to create and maintain payroll systems.
BUS – 255 BUSINESS SOFTWARE (Level 2)
Emphasis in this course is placed on giving the student a higher level of competency in Microsoft Office software. The students further explore Microsoft’s latest office software which includes Word, Excel, PowerPoint, Access and Outlook. The software included in this course is continually being updated to remain current with the ever-changing needs of businesses today. Students may opt for Level 1, 2, 3 or 4 depending on which level of Microsoft Office software they have already completed.
INSTRUCTIONAL MODULE 3 – BANKING & FINANCIAL SERVICES
BUS – 325 BANKING & FINANCIAL SERVICES
This course will give the student an introduction to the financial service industry and its main activities. The students will learn the tools, calculations, budgets, forecasts and components that are needed to complete financial planning. The time value of money, financial goal setting, and tax planning concepts are explored. Concepts and calculations relating to money, credit, and risk management are introduced. The student will understand and calculate the cost of revolving and installment type credit facilities. The students will apply the tools and techniques required to purchase and finance a home.
BUS – 336 INVESTMENTS
The students will be introduced to investments, including a discussion of mutual funds, stocks, bonds and concepts and theories relating to Canadian Securities. Retirement and estate planning, including annuity and retirement income calculations, are also discussed
BUS – 342
SALES & MARKETING
The Students will learn principles and strategies for selling and marketing products and services to commercial entities. The students will gain an understanding of current marketing terminology and the practical applications of marketing principles used in business today. The selling component of this course provides the students with the information they need to prepare and give effective sales presentations by visually, verbally and non-verbally communicating their message.
BUS – 355 BUSINESS SOFTWARE (Level 3)
Emphasis in this course is placed on giving the student greater expertise in Microsoft Office software. The students explore in greater depths Microsoft’s latest office software which includes Word, Excel, PowerPoint, Access and Outlook. The software included in this course is continually being updated to remain current with the ever-changing needs of businesses today. Students may opt for Level 1, 2, 3 or 4 depending on which level of Microsoft Office software they have already completed.
INSTRUCTIONAL MODULE 4 – FINANCIAL & MANAGERIAL ACCOUNTING
Prerequisites for this module are Module 1, or significant knowledge and experience in accounting
BUS–425 FINANCIAL ACCOUNTING
This course commences with a review of Accounting, including a review of the Income Statement, Balance Sheet and generally accepted accounting principles. The accounting cycle, ledger, trial balance, balance sheet, and statements of earnings, retained earnings, and cash flows are explored. The course proceeds to a detailed study of the theory and current practices applicable to all balance sheet components, including cash, marketable securities, receivables, inventories, long-term investments, fixed assets and intangibles
BUS–437 MANAGERIAL ACCOUNTING
The students will examine accounting techniques used by managerial decision-makers. After studying cost behavior, students will learn how to apply cost-volume-profit analysis, performance evaluation, pricing methods, budgeting, and relevant cost analysis. They will also learn how to screen capital investment projects. The course provides the student with the knowledge of Managerial Accounting and includes a comprehensive study of cost accounting fundamentals and an in depth look at some of the tools that managing accountants use for planning and controlling.
BUS–443 MANAGEMENT
The objective of this course is to introduce students to the Canadian business environment , business issues, functions and the major forces at work in the global
economy. The students will examine fundamental management theories and traditional management responsibilities in formal and informal organizational structures. Planning, organizing, and directing will be explored.
BUS–455 BUSINESS SOFTWARE (Level 4)
Emphasis in this course is placed on giving the student expert knowledge in Microsoft Office software. The students acquire expertise in Microsoft’s latest office software which includes Word, Excel, PowerPoint, Access and Outlook. The software included in this course is continually being updated to remain current with the ever-changing needs of businesses today. Students may opt for Level 1, 2, 3 or 4 depending on which level of Microsoft Office software they have already completed.
Students may choose to complete one module to obtain a certificate in that module or complete all four modules to obtain a diploma in Business Administration.
Schedule
| Year 1 Morning sessions (8:00 AM to 1:00 PM) |
Year 1 Afternoon sessions (12:00 PM to 5:00 PM) |
||
| Module 1 | Module 2 | Module 3 | Module 4 |
| September to January | February to June | September to January | February to June |
| Year 2 Morning sessions | Year 2 Afternoon sessions | ||
| Module 3 | Module 4 | Module 1 | Module 2 |
| September to January | February to June | September to January | February to June |
Monday to Friday. Half-day instruction. Student selects between morning classes or afternoon classes: 8am to 1pm, or noon to 5pm. Student will be expected to study 15 hours per week to get assignments completed. (No classes in July and August)
DURATION
ADMISSION REQUIRE-
TUITION/
START DATE/
ON-THE-JOB TRAINING