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Financial Management – LEA.AC
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Admission
A person who has received instruction considered sufficient by the college and meets any of the following conditions may be admitted to a program of studies leading to an Attestation of College Studies:
- the person has interrupted his or her full-time studies or pursued full-time postsecondary studies for at least 2 consecutive terms or 1 school year;
- the person is covered by an agreement entered into between the college and an employer or by a government program of studies;
- the person has interrupted his or her full-time studies for one term and pursued full-time postsecondary studies for one term; or
- the person holds a Secondary School Vocational Diploma.
Ref.: art. 4 College Education Regulations
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Benefits of This Program
- Distance or classroom learning
- Program offered in French or English
- Day, evening or weekend classes
- Earn your attestation of collegial studies in just a few months
- Authorized by the Ministry of Higher Education. CDI College Business. Technology. Health Care (Permit 749747)
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Employment Opportunities
- Administrative Technician
- Accounting Clerk
- Accounting Assistant
- Pay Clerk
- Purchasing Agent
- Financial Agent
- Finance and Insurance Supervisor
- Manager and Assistant Manager
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 or its recognized equivalent
- Successful admission test
Graduation
To graduate, students must obtain the required pass mark in each course.
Graduates of this program can apply to the Payroll Compliance Practitioner (PCP) designation from the National Payroll Institute* (formaly known as the Canadian Payroll Association). The National Payroll Institute’s PCP designation is the foundation for a successful career in payroll. The PCP courses will help you gain an in-depth understanding of the legislative requirements to keep your organization compliant throughout the annual payroll cycle. When you achieve the designation, you join a growing community of supportive professionals and gain access to the resources you need to stay current and compliant.
The PCP designation requires three core payroll courses, an Introduction to Accounting course transfer credit and one year of weighted payroll work experience:
- Payroll Compliance Legislation
- Payroll Fundamentals 1 – Prerequisite: Payroll Compliance Legislation
- Payroll Fundamentals 2 – Prerequisites: Payroll Compliance Legislation and Payroll Fundamentals 1
- Introduction to Accounting - must be completed at a post-secondary institution
- PCP Work Experience Requirement Application (a minimum of one year weighted payroll work experience)
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.The Introduction to Accounting transfer of credit is a requirement, not a prerequisite. Introduction to Accounting is no longer a prerequisite for Payroll Fundamentals 2.
*The National Payroll Institute is the only certifying body for payroll professionals in Canada.
Campus Availability
This program is approved to be offered at the following campuses. Please contact the campus of your choosing for program availability.
Laval, QC Longueuil, QC Montreal, QC Pointe-Claire, QC St-Leonard, QC
"The instructors all have real-world experience which was a tremendous help!"
Program Courses
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Introduction to Information Technology [410-1T1-ID]
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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.
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Introduction to Business Organization and Business Law [410-0ED-ID]
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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.
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Economy and Marketing Fundamentals [410-ECM-ID]
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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.
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Introduction to Taxation [410-1FS-ID]
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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.
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Accounting I [410-CP1-ID]
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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.
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Personal Financial Planning [410-PFP-ID]
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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.
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Accounting 2 [410-CP2-ID]
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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.
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Using Accounting Software [410-ULC-ID]
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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.
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Accounting 3 [410-CP3-ID]
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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.
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Introduction to Management Accounting [410-CAG-ID]
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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.
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Introduction to Finance [410-1FN-ID]
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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.
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Development of Computerized Applications [410-DA1-ID]
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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.
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Payroll Compliance Legislation [CPA1]
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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.
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Payroll Fundamentals 1 [CPA2]
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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.
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Payroll Fundamentals 2 [CPA3]
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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).
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End of Studies – Project I [410-PE1-ID]
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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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End of Studies – Project II [410-PE2-ID]
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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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