ACCT 2050: Payroll, Accounts Payable, and Accounts Receivable Software
Effective date
January 2025
Department
Accounting Diploma
School
Hospitality, Food Studies and Applied Business
Description
Students gain practical skills in using popular accounting software for payroll processing, accounts payable, and accounts receivable functions. Topics covered include payroll administration, vendor management, invoice and payment processing, and cash flow management.
Year of study
2nd Year Post-secondary
Course Learning Outcomes
Upon successful completion of this course, students will be able to:
- Apply the concepts and processes involved in computerized payroll, accounts payable, and accounts receivable
- Use accounting software for payroll calculations, vendor management, and invoice processing
- Operate payroll administration, including calculating wages, managing deductions, and generating payroll reports
- Manage accounts payable processes, including vendor setup, invoice recording, and payment processing
- Perform accounts receivable management, including customer invoicing, tracking payments, and reconciling accounts
- Comply with payroll regulations and financial controls
- Demonstrate problem-solving and analytical skills through hands-on exercises and simulations
- Identify emerging trends and technologies in computerized payroll and accounting processes
- Collaborate with team members and communicate to key partners regarding payroll, AP and AR reporting
Prior Learning Assessment & Recognition (PLAR)
None
Hours
Lecture, Online, Seminar, Tutorial: 45
Total Hours: 45
Instructional Strategies
Lectures, Demonstrations, Group Work, Project Work
Grading System
Letter Grade (A-F)
Evaluation Plan
Type
|
Percentage
|
Assessment activity
|
Assignments
|
40
|
Practical application of computerized payroll, accounts payable, and accounts receivable skills
|
Project
|
10
|
Group project: payroll calculations, accounts payable management, and accounts receivable tasks using accounting software
|
Midterm Exam
|
20
|
Accounting principles, regulations, and software functionality
|
Final Exam
|
20
|
System setup, accounting principles, regulations, and software functionality
|
Participation
|
10
|
Class participation and discussions evaluating critical thinking and engagement
|
Course topics
- Accounting Software
- Payroll Administration
- Vendor Management and Accounts Payable
- Invoice Processing and Accounts Receivable
- Payroll, Accounts Payable, Accounts Receivable Reports
- Payroll and Accounting Processes Compliance and Internal Controls
- Emerging Trends and Technologies in Accounting
- Problem-Solving and Troubleshooting in Computerized Payroll and Accounting Processes
- Collaboration and Communication in Computerized Payroll and Accounting
Notes:
- Course contents and descriptions, offerings and schedules are subject to change without notice.
- Students are required to follow all College policies including ones that govern their educational experience at VCC. Policies are available on the VCC website at:
https://www.vcc.ca/about/governance--policies/policies/.
- To find out if there are existing transfer agreements for this course, visit the BC Transfer Guide at https://www.bctransferguide.ca.