TRAINING PLAN

FOR

Accounting

Outline

The preparation, analysis and verification of financial reports for managers in business, industrial and government organizations. Includes the set up and management of internal and external accounting.

Tasks

performed performed observed
alone with help

1. Accounts Receivable and Payable
-Check source documents _____ _____ _____
-Post to ledger manually or by machine _____ _____ _____
-Prove accuracy of ledger to sales and cash receipts journal or general journal which controls accounts _____ _____ _____
-Prove accuracy to purchase journal _____ _____ _____
-Issue invoices for accounts receivable _____ _____ _____
-Issue payment cheques _____ _____ _____
-Be familiar with lines of credit _____ _____ _____
-Know financial and legal implications including
methods of collection
_____ _____ _____
2. Cost Accounting, Cash Control and Budgeting
-Accounting for materials, labour and overhead _____ _____ _____
-Prepare unit cost summary _____ _____ _____
-Preparing monthly summaries _____ _____ _____
-Operate cash register _____ _____ _____
-Issue cash refunds _____ _____ _____
-Balance cash _____ _____ _____
-Prepare sales forecasts _____ _____ _____
-Prepare production, expense and capital
expenditure budgets
_____ _____ _____
-Keep petty cash fund _____ _____ _____
-Make up bank deposits _____ _____ _____
-Prepare reconciliation statement and make up related journals _____ _____ _____
-Open accounts and balance accounts _____ _____ _____
-Certify cheques, post cheques and process NSF cheques _____ _____ _____
-Verify accounts and cash _____ _____ _____
-Handle foreign currency and interbanking _____ _____ _____
3. Collection, Payroll and Claims
-Stop payments on cheques _____ _____ _____
-Perform credit bureau checks _____ _____ _____
-Trade reference checks _____ _____ _____
-Perform wage and salary calculations _____ _____ _____
-Journalize payroll _____ _____ _____
-Issue payroll cheques _____ _____ _____
-Make payment of deductions to government _____ _____ _____
-Check for correct calculations in claims _____ _____ _____
-Check receipts against total claims _____ _____ _____
4. Sales Tax, Taxation and Billing
-Calculation of Federal and Provincial sales tax _____ _____ _____
-Calculate corporation and personal income tax _____ _____ _____
-Verify account numbers and purchase orders against invoices _____ _____ _____
-Calculate extensions discounts and taxes _____ _____ _____
-Issue credit invoices and billing invoices _____ _____ _____
-Balance credits and debits _____ _____ _____
5. Receiving and Inventory Control
-Update inventory _____ _____ _____
-Audit purchase orders _____ _____ _____
-Perform computerized inventory control _____ _____ _____
-Calculate inventory cost _____ _____ _____
-Match orders and invoices _____ _____ _____
-Prepare receiving report _____ _____ _____
6. General Accounting
-Posting to general ledger _____ _____ _____
-Preparing work sheets _____ _____ _____
-Making journal entries _____ _____ _____
-Taking off trial balances _____ _____ _____
-Preparing closing entries and financial statements _____ _____ _____
-Making adjusting and reversing entries _____ _____ _____
-Posting closing trial balances _____ _____ _____
-Verifying accuracy of all accounts _____ _____ _____
-Code accounting documents for input into computer _____ _____ _____
7. General Office Duties

-Photocopying materials including statistics for distribution _____ _____ _____
-Prepare lead sheets for clients _____ _____ _____
-General office cleanliness and organization _____ _____ _____
-Answer phones and phone clients _____ _____ _____
-Maintain record control _____ _____ _____
-Understand and set up filing system, sort and file stats and Information _____ _____ _____
-Make chart files for clients and record all pertinent Information _____ _____ _____
-Develop verbal communication skills and learn all relevant accounting terminology _____ _____ _____
-Sort, file, and type invoices, typing letters and other reports _____ _____ _____
-Prepare flow charts _____ _____ _____
-Follow legal requirements in reporting accounting _____ _____ _____
-Be able to meet external and internal deadlines _____ _____ _____
-Proofread and make corrections to documents _____ _____ _____
ADDITIONAL TASKS
_____ _____ _____
_____ _____ _____
_____ _____ _____
_____ _____ _____

Equipment Used Related Positions
Calculators _____ Accounts Receivable Clerk
Computer _____ Accounts Payable Clerk
Adding Machine _____ Payroll Clerk
Binding Machine _____ Inventory Control Clerk
Photocopier _____ Cost Accounting Clerk
Typewriter _____ Budget Accountant
Telephone _____ Bookkeeper
Stencil Machine _____ Auditor
Posting Clerk
Tax Return Clerk

	performed	performed	observed
	alone	with help
1. Accounts Receivable and Payable
-Check source documents	_____	_____	_____
-Post to ledger manually or by machine	_____	_____	_____
-Prove accuracy of ledger to sales and cash receipts journal or general journal which controls accounts	_____	_____	_____
-Prove accuracy to purchase journal	_____	_____	_____
-Issue invoices for accounts receivable	_____	_____	_____
-Issue payment cheques	_____	_____	_____
-Be familiar with lines of credit	_____	_____	_____
-Know financial and legal implications including methods of collection	_____	_____	_____
2. Cost Accounting, Cash Control and Budgeting
-Accounting for materials, labour and overhead	_____	_____	_____
-Prepare unit cost summary	_____	_____	_____
-Preparing monthly summaries	_____	_____	_____
-Operate cash register	_____	_____	_____
-Issue cash refunds	_____	_____	_____
-Balance cash	_____	_____	_____
-Prepare sales forecasts	_____	_____	_____
-Prepare production, expense and capital expenditure budgets	_____	_____	_____
-Keep petty cash fund	_____	_____	_____
-Make up bank deposits	_____	_____	_____
-Prepare reconciliation statement and make up related journals	_____	_____	_____
-Open accounts and balance accounts	_____	_____	_____
-Certify cheques, post cheques and process NSF cheques	_____	_____	_____
-Verify accounts and cash	_____	_____	_____
-Handle foreign currency and interbanking	_____	_____	_____
3. Collection, Payroll and Claims
-Stop payments on cheques	_____	_____	_____
-Perform credit bureau checks	_____	_____	_____
-Trade reference checks	_____	_____	_____
-Perform wage and salary calculations	_____	_____	_____
-Journalize payroll	_____	_____	_____
-Issue payroll cheques	_____	_____	_____
-Make payment of deductions to government	_____	_____	_____
-Check for correct calculations in claims	_____	_____	_____
-Check receipts against total claims	_____	_____	_____
4. Sales Tax, Taxation and Billing
-Calculation of Federal and Provincial sales tax	_____	_____	_____
-Calculate corporation and personal income tax	_____	_____	_____
-Verify account numbers and purchase orders against invoices	_____	_____	_____
-Calculate extensions discounts and taxes	_____	_____	_____
-Issue credit invoices and billing invoices	_____	_____	_____
-Balance credits and debits	_____	_____	_____
5. Receiving and Inventory Control
-Update inventory	_____	_____	_____
-Audit purchase orders	_____	_____	_____
-Perform computerized inventory control	_____	_____	_____
-Calculate inventory cost	_____	_____	_____
-Match orders and invoices	_____	_____	_____
-Prepare receiving report	_____	_____	_____
6. General Accounting
-Posting to general ledger	_____	_____	_____
-Preparing work sheets	_____	_____	_____
-Making journal entries	_____	_____	_____
-Taking off trial balances	_____	_____	_____
-Preparing closing entries and financial statements	_____	_____	_____
-Making adjusting and reversing entries	_____	_____	_____
-Posting closing trial balances	_____	_____	_____
-Verifying accuracy of all accounts	_____	_____	_____
-Code accounting documents for input into computer	_____	_____	_____
7. General Office Duties
-Photocopying materials including statistics for distribution	_____	_____	_____
-Prepare lead sheets for clients	_____	_____	_____
-General office cleanliness and organization	_____	_____	_____
-Answer phones and phone clients	_____	_____	_____
-Maintain record control	_____	_____	_____
-Understand and set up filing system, sort and file stats and Information	_____	_____	_____
-Make chart files for clients and record all pertinent Information	_____	_____	_____
-Develop verbal communication skills and learn all relevant accounting terminology	_____	_____	_____
-Sort, file, and type invoices, typing letters and other reports	_____	_____	_____
-Prepare flow charts	_____	_____	_____
-Follow legal requirements in reporting accounting	_____	_____	_____
-Be able to meet external and internal deadlines	_____	_____	_____
-Proofread and make corrections to documents	_____	_____	_____
ADDITIONAL TASKS
	_____	_____	_____
	_____	_____	_____
	_____	_____	_____
	_____	_____	_____

Equipment Used	Related Positions
Calculators _____	Accounts Receivable Clerk
Computer _____	Accounts Payable Clerk
Adding Machine _____	Payroll Clerk
Binding Machine _____	Inventory Control Clerk
Photocopier _____	Cost Accounting Clerk
Typewriter _____	Budget Accountant
Telephone _____	Bookkeeper
Stencil Machine _____	Auditor
	Posting Clerk
	Tax Return Clerk