Introduction to Accounting

This course must be taken at a post-secondary institution. To transfer this course as part of the Payroll Compliance Practitioner (PCP) certification program, click here.

The following learning outcomes must be met for it to be a valid transfer credit in the PCP program.

  • Introduction to principles and practices of accounting
    • Understanding accounting cycles
    • Applying GAAP and/or IFRS
    • Describing and differentiating business structures
  • Recording transactions and journal entries
  • Preparing simple financial statements and trial balances
  • Preparing cash flow statements and balance sheets
  • Preparing fiscal year-end closing entries
  • Understanding accounting systems
  • Making bank reconciliations
  • Navigating accounting for payroll
  • Understanding financial reporting ethics
  • Understanding Imprest Systems (e.g. petty cash transactions)

This course is not offered through the CPA directly. Click here to search our database of accepted courses to determine if a course is recognized as a valid equivalent for credit transfer.