Land Acknowledgement


Algonquin College campuses in Ottawa, Perth and Pembroke are located on the traditional unceded, and unsurrendered territory of the Anishinàbe Algonquin People. The Algonquin People have inhabited and cared for these lands since time immemorial. We take this time to express our gratitude and respect to them and to the land for all that it has provided and will continue to provide.

 

As a post-secondary institution, we acknowledge the harms done to Indigenous Peoples and are committed to learning from the past. We pledge to promote healing and resilience as we move forward in partnership with the Algonquin Nations, First Nations, Métis, and Inuit Peoples in a spirit of reconciliation.

 

While we recognize that territorial acknowledgements are only one step in cultivating greater respect and inclusion of Indigenous Peoples, we commit to accompanying these words with actions. We are dedicated to building a future and community that is better for all.

 

We pledge to continue exploring and making meaningful contributions to the Truth and Reconciliation Commission of Canada’s Calls to Action.


Learn more about the College's commitment to Truth and Reconciliation: https://www.algonquincollege.com/tri

Course Description


In this course students examine the difference between QuickBooks Pro and QuickBooks Online (QBO, a cloud-based accounting software program). Students will apply key features including: tracking and communicating with customers, invoicing, supplier management, profitability analysis, HST management and reporting.

Vocational Learning Outcomes


This course provides the opportunity for you to achieve the following outcomes:

1808X07PAO - Small Business Accounting

VLO 1 Collect and record financial transactions for sole proprietorships, partnerships and private enterprises. (A, CP)

1811X07PAO - Property Management Foundations

VLO 3 Use property management accounting software. (T, A, CP)
Assessment Levels —T: Taught A: Assessed CP: Culminating Performance 

Course Learning Requirements / Embedded Knowledge and Skills


When you have earned credit for this course, you will have demonstrated the ability to:

1. Prepare electronic accounting records and prepare financial statements for sole proprietorships, partnerships, and corporations.

  • Articulate the differences between sole proprietorships, partnerships, and corporations. Customize accounting software to reflect the type and needs of the different businesses. Identify and enter specific company data into QuickBooks.

2. Apply QuickBooks software to set up and maintain company financial and operational information.

  • Install and activate QuickBooks accounting software. Download, open, save and back-up data files. Examine QuickBooks Forms for relevant information. Modify user preferences as required.

3. Process accounting transactions for cash and credit purchases, cash and credit sales, banking including receipt of customer payments, deposits, and bill payments

  • Install and activate QuickBooks accounting software. Download, open, save and back-up data files. Examine QuickBooks Forms for relevant information. Modify user preferences as required.

4. Prepare management reports and financial statements.

  • Modify management reports and financial statements using the Report Centre. Apply knowledge to open the journal, change settings, and set the Accounting Basis. Run the Balance Sheet, Income Statement and Trial Balance.

5. Apply knowledge of accounting and QuickBooks to add/modify the chart of accounts, add/edit general ledger accounts, work with names and lists in QuickBooks.

  • Organize and update General Ledger Accounts (GL) (chart of accounts, payables and receivables ledgers, employees, inventory, and tax information. Name and number GL Accounts. Enter and edit GL Accounts. Assemble and record historical information for suppliers, customers, inventory, and employees.

6. Demonstrate the use of the software for advanced applications and work with QuickBooks file types including portable files.

  • Protect accounting data and access to the company files. Manage users and user permissions. Create portable company files.

Learning Resources


This course may require the use of a textbook, e-book or software. Most texts and resources can be found at Algonquin College’s Campus Bookstore. If you cannot come to the campus, call (613) 727-4723, ext. 7609 or order online and the bookstore will arrange to ship the required resource(s) to you. Please be aware that you will be charged the cost of the resource(s) plus shipping charges on your credit card.
 
If you have any questions, please contact Online Learning at (613) 727-4723, ext. 3330 or email oltexts@algonquincollege.com.


Hardware and Software:
Windows 10 compatible PC
2021 QuickBooks Desktop


To access your course list, learning resources and costs, visit Booklist.
Please note that a learner must be registered in a specific course or program to view this information.
Program tuition and fees can be found on the Tuition and Fees Estimator for Full-time Programs page.

Learning Activities


  • Interactive module material
  • Class discussions
  • Assignments
  • Quizzes
  • Tests

Pre-defined Evaluation / Earning Credit


The following list provides evidence of this course's learning achievements and the outcomes they validate:

Assignment(s) (28%)

Validates Outcomes:  CLR 1, CLR 2, CLR 3, CLR 4, CLR 5, CLR 6

Quiz(zes) (32%)

Validates Outcomes:  CLR 1, CLR 2, CLR 3, CLR 4, CLR 5, CLR 6

Final Exam (40%)

Validates Outcomes:  CLR 1, CLR 2, CLR 3, CLR 4, CLR 5, CLR 6

Prior Learning Assessment and Recognition


Students who wish to apply for Prior Learning Assessment and Recognition (PLAR) need to demonstrate competency at a post-secondary level in all outlined course learning requirements. Evidence of learning achievement for PLAR candidates includes:

  • Project/Assignment

Course Related Information


Please refer to the Course Section Information (CSI) / weekly schedule for specific course-related information as provided by your professor.

Program Information


College Related Information


Algonquin College’s policies have been developed to ensure the health, safety and security of all students, faculty and staff, and the proper and fair operation of the College as an academic institution and employer. Please refer to the Algonquin College Policies website for the most current policy information available at http://www.algonquincollege.com/policies/


Students are especially encouraged to be aware of the following College expectations 


Academic Integrity

Algonquin College is committed to the highest standards of academic integrity, and students are expected to uphold these standards as part of the learning process. Any academic work submitted by a student is expected to be their own work, unless designated otherwise and all human and technological assisted generated sources must be attributed. All students should be familiar with the Algonquin College policy AA48: Academic Integrity which outlines student’s roles and responsibilities and what represents academic misconduct. Certain testing environments and course assessments may use online proctoring to prevent academic misconduct. Additional information including student resources can be found on the Academic Integrity Office’s web site and via Academic Integrity - Student Survival Guide - Subject Guides at Algonquin College (libguides.com). Students with any questions about the course expectations regarding academic integrity are encouraged to speak to their professor and the College’s Academic Integrity Office team at aio@algonquincollege.com.


Centre for Accessible Learning (CAL)

Students with visible and/or non-visible disabilities are encouraged to register with the Centre for Accessible Learning (CAL) in order to be eligible for appropriate learning supports and/or accommodations. Students are strongly encouraged to make an appointment with the Centre for Accessible Learning as early as possible when starting a program. Once your needs are identified, a Letter of Accommodation (LOA) will be issued which you can share with your professors through the CAL Student Portal. If you are a returning student, please ensure that professors are given a copy of your LOA each semester. 

 

Test Accommodations for Students Registered with CAL

Students who require testing accommodations will book their tests/exams through the CAL Student Portal. It is important to note the posted test/exam booking deadlines for the term. Test booking deadlines are communicated through CAL Disabilities Counsellors, CAL Testing Services, and other college wide communication. Additional information on the steps to book accommodated tests/exams with CAL Test Services can be found at Step-by-Step Overview.

 

Retroactive Accommodations 

Students are expected to meet evaluation and completion deadlines as stated in course outline and weekly schedule documents. In circumstances where evaluation deadlines are missed or student performance has been affected by a temporary, significant and/or unanticipated change in functional ability related to disability (including mental health), interim or retroactive accommodations may be considered. For these instances it is advised you reach out to CAL or your professors as soon as possible. For other situations where deferral of evaluations may be warranted, please consult Algonquin College Policy AA21: Deferred Evaluation


Network Credentials and College Email 

Students at Algonquin College are provided with a college email account. This is the address that will be used when the College, your professors, or your fellow students communicate important information about your program or course activities. Your network credentials can be found in the ACSIS portal and you are expected to check your Algonquin email regularly and to use it to send and receive college-related email. Students are required to maintain the privacy of their AC login credentials. Sharing network credentials poses a security risk and is subject to disciplinary action. Your responsibility to protect your login credentials is governed by the Information Security Policy IT01. Support is available through the college Information Technology Service (ITS) at: https://www.algonquincollege.com/its/ 


Mental Health and Wellness Supports

Canada has launched a national Suicide Helpline at www.988.ca and a wide range of mental health and wellness resources for Algonquin students are available at www.algonquincollege.com/SSS/student-health-wellness


Student Course Feedback 

Algonquin College’s invites students to share their course experience by completing a student course feedback survey for each course they take. For further details consult Algonquin College Policy AA25: Student Course Feedback


Use of Mobile Devices in Class

With the proliferation of small, personal mobile devices used for communications and data storage, Algonquin College believes there is a need to address their use during classes and examinations. During classes, the use of such devices unless authorized by your professor can be disruptive and disrespectful to others. During examinations, the use of such devices is generally prohibited unless authorized by your professor. Otherwise use is considered academic dishonesty in the form of cheating. For further details consult Algonquin College Policy AA32: Use of Electronic Devices in Class 


Technology Requirements 

Students are required to have access to a computer and to the internet. There may also be additional technology-related resources required to participate in a course that are not included in the course materials fee, such as headphones, webcams, specialized software, etc. Details on these requirements can be found in the Weekly Schedule document of the course for each course available on Brightspace. 


Transfer of Credit 

It is the student’s responsibility to retain course outlines for possible future use to support applications for transfer of credit to other educational institutions. 


Safe Harbour 

In the event of an unexpected major event (pandemic, etc.), your course may have changes that are not reflected in the Course Outline. Should this happen, the Weekly Schedule document will have updated information about your course.  

Other Information


Grade Scheme

Final Grade Mark Equivalent Numeric Value Final Grade Mark Equivalent Numeric Value
A+ 90% - 100% 4.0 A 85% - 89% 3.8
A- 80% - 84% 3.6 B+ 77% - 79% 3.3
B 73% - 76% 3.0 B- 70% - 72% 2.7
C+ 67% - 69% 2.3 C 63% - 66% 2.0
C- 60% - 62% 1.7 D+ 57% - 59% 1.4
D 53% - 56% 1.2 D- 50% - 52% 1.0
F 0% - 49% 0 FSP 0 0