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 to be valid for credit transfer 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.

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PCP Experience Requirement

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