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British ColumbiaBC AlbertaAB ManitobaMB OntarioON QuebecQC 1-800-889-1712

Financial Management – LEA.AC

The financial management industry is fast-paced and competitive. You need a strong education in practical accounting and management in order to succeed. CDI College`s Financial Management - LEA.AC program provides hands-on training in the key areas of financial management such as computerized accounting systems, financial analysis and information systems management.

You will develop an understanding of personal financial planning, taxation, marketing and business software. The program gives you a strong understanding of the legal and ethical implications of financial and wealth management, along with payroll and other key business concepts. You will also participate in two separate end of studies project or a practicum placement, which will give you the opportunity to put your classroom education to work in a real world workplace.

Prerequisites

  • Secondary V diploma
  • Successful admission test

 

Total Program Hours

  • 1020 hours

Conditions for admission to an Attestation of College Studies (ACS)

In addition to meeting the college's requirements, applicants must satisfy one of the following conditions:
  • the candidate interrupted his or her studies for at least two consecutive semesters or one school year;
  • the candidate is covered by an agreement concluded between the college and an employer or by a government program;
  • the candidate has completed at least one year of post-secondary studies spread out over a period of one or more years.
 
Graduation
To graduate, students must obtain the required pass mark in each course.
 
This program leads to an ACS (Attestation of College Studies) recognized by the Ministère de l'Éducation et de l'Enseignement Supérieur (MEES) (Permit 749747).
 
This program is offered in English or French.
 
Graduates of this program can apply to the Payroll Compliance Practitioner (PCP) certification from the Canadian Payroll Association (CPA)*. PCP certification is the foundation for a career in payroll. Gain an in-depth understanding of the legislative requirements to keep your organization compliant throughout the annual payroll cycle. When you get certified, you join a growing community of supportive professionals and gain access to the resources you need to stay current and compliant.

PCP certification requires four core courses and one year of related work experience. The requirements are as follows:
  1. Payroll Compliance Legislation
  2. Payroll Fundamentals 1
  3. Payroll Fundamentals 2
  4. Introduction to Accounting (offered at post-secondary institutions)
  5. Application for recognition of professional experience (DREP) with a minimum of one year of work experience in the field of payroll.

A minimum pass grade of 65% is required for each course (including Introduction to Accounting). A combination of payroll education and payroll work experience ensures PCP certification is highly valued by employers.

*CPA is the only association offering payroll accreditation programs in Canada.

Program Courses

410-1T1-ID - Introduction to Information Technology

Desktop and Windows ™ file system. Fundamentals of Microsoft Word™ software - creating documents and using basic page layout elements such as margins, fonts, file manipulation, editing functions, special effects, formatting, headers and footers, and table of contents. Spell check. Basics of a presentation software, creating Microsoft PowerPoint™ documents, using artwork gallery images, inserting sound effects. Page layout concepts. Introduction to browsers and the Internet. Setting up an email account using a public provider. Reading, organizing and sending messages.

410-0ED-ID - Introduction to Business Organization and Business Law

Company functions. Main management activities (planning, organization, management and control). The business environment (internal and external environment, mutual influences). Problem management and the decision-making process. The legal mechanisms of the company (sole proprietorship, partnership, corporation, cooperative). Learn how to form a company. Structures of the legal system in Quebec. Acquisition of terminology specific to the legal foundations of the business world. Legal implications of main business transactions.

410-ECM-ID - Economy and Marketing Fundamentals

Introduction to economics and microeconomic problems: demand, supply and price determination. Study of the company in its environment. Controlled variables (marketing mix: price, product, promotion, distribution and public relations). Uncontrolled variables (political and legal, economic and competitive, social, technological, environmental). The market: market analysis, information research, marketing of a product. Consumer behavior.

410-1FS-ID - Introduction to Taxation

Types of income. Components of total income, net income and taxable income. Tax treatment of an individual's interest, dividend and capital gains income. Calculation of rental income for an individual. Main deductions for each income category. Refundable and non-refundable tax credits. Tax calculation for an individual taking into account various deductions and tax credits. Use of a tax return software. Prescribed forms.

410-CP1-ID - Accounting I

Basic concepts in financial accounting. Accounting cycle. Chart of accounts. Journal entries relating to the business operations of a sole proprietor. Recordkeeping in the general journal and appropriate auxiliary journals. Posting to the general ledger and auxiliary ledgers. Calculation and registration of provincial and federal sales taxes. Preparation of a trial balance. Adjusting entries. Preparation of a worksheet. Closing and reversing entries. Preparation of financial statements for a commercial enterprise in proper form.

410-PFP-ID - Personal Financial Planning

Personal financial management: budgeting, status of net value, management of personal debts, income and expense statement. Retirement and estate planning. Tax planning and tax Strategies. Investment management: risk/return relationship, diversification, risk aversion, investment horizon, types of investments, investment tools. Mutual funds advantages and disadvantages, fund categories and selection of a fund for investment purposes. Understanding the Registered Retirement Savings Plan, including tax considerations, self-directed RRSP, spousal RRSP, Home Buyer’s Plan. Risk management types, life insurance, and determining insurance needs.

410-CP2-ID - Accounting 2

Accounting entries relating to the business operations of a partnership. Registration in the appropriate ledgers and journals. Petty cash. Bank reconciliation. Accounts receivable. Purchases. Fixed assets. Depreciation. Replacement of fixed assets. Intangible assets. Adjusting entries. Accounting simulation. Preparation of the financial statements for a partnership.

410-ULC-ID - Using Accounting Software

Detailed study of an accounting software (general module, accounts receivable module, accounts payable module). Computerized accounting cycle. Accounting simulation, including recording of journal entries, posting, correction of errors and production of financial statements.

410-CP3-ID - Accounting 3

Accounting entries relating to the business operations of a corporation. Processing accounting transactions relating to liabilities (operating lease, lease acquisition, notes payable, bonds payable, etc.). Share capital transactions. Preparation of the cash flow statement. Preparation of the financial statements for a corporation.

410-CAG-ID - Introduction to Management Accounting

Inventory management. Evaluation of inventory (FIFO, LIFO, etc.). Cost classification (fixed, variable, direct costs, indirect costs, etc.). The breakdown of costs (allocation of overhead). Accounting entries relating to the business operations of a manufacturing company. Recording transactions in the appropriate ledgers and journals. Preparation of accounting entries and the manufacturing costs statement using a General Accounting system. Posting of manufacturing cost activities into a cost accounting system. Posting of manufacturing cost activities into a uniform and continuous cost accounting system. Business decision-making through a cost-profit-volume analysis. Calculation of differences between standard costs and actual costs, and use of these differences to analyze business performance.

410-1FN-ID - Introduction to Finance

Analysis of financial statements using ratios. Financial forecasting using trend analysis: vertical analysis of results, horizontal analysis of results. Cash budgeting. Preparation of financial statements (income statement, balance sheet, statement of retained earnings). Accounts receivable management. The role of accounts receivable, distinction between allowance for doubtful accounts and bad debts, and estimation methods.

410-DA1-ID - Development of Computerized Applications

Fundamentals of a Microsoft Excel ™ spreadsheet. Programmed functions, statistical functions, financial functions, analysis functions, logic functions, and data functions. Analysis of scenarios specific to the business world. Automation of current financial transactions, such as cash budgets, provisional financial statements, depreciation schedule, payroll, billing, loan calculator. Graphic presentations.

CPA1 - Payroll Compliance Legislation

Description of payroll objectives and its stakeholders. Identification of the employer/employee relationship. Application of federal and provincial pay legislation, including the Canada Pension Plan, the Employment Insurance Act, the Income Tax Act, the Employment Standards Legislation, the Workmen's Compensation Laws and specific legislation for the Quebec region. Disclosure of payroll compliance requirements to different stakeholders.

CPA2 - Payroll Fundamentals 1

Calculation of a regular employee salary. Calculation of an irregular employee salary.  Calculation of employment termination payments. Preparation of a Record of Employment (ROE). Communicating all aspects of an employee's payroll requirements to different stakeholders.

CPA3 - Payroll Fundamentals 2

Calculation of payments from an organization to federal, provincial and third party stakeholders. Preparation of accounting documents for payroll. Preparation of end of year documentation. Communication of all aspects of an organization's payments, as well as accounting and year-end requirements, to various stakeholders (internal, external, and governmental).

410-PE1-ID - End of Studies – Project I

Application of the technical elements seen during the program. Application of the knowledge, know-how and skills developed during training. Adoption of the rules of professional ethics related to the practice of the profession. The project can take the form of an internship in a company.

410-PE2-ID - End of Studies – Project II

Application of the technical elements seen during the program. Application of the knowledge, know-how and skills developed during training. Adoption of the rules of professional ethics related to the practice of the profession. The project can take the form of an internship in a company.

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