Wednesday, October 27, 2010

Enter the Field Quickly by Taking Centennial College’s Business Accounting Program

Do you love numbers and have strong analytical skills and mathematical aptitude? Are you organized and have the ability to multitask? Can you notice small details that others would miss in spreadsheets? Are you comfortable with database programs? If you answered yes to these questions, perhaps a career in Accounting is for you.

According to the Bureau of Labor Statistics, most accountants made between $42,520 and $71,960 a year in 2006. The lowest-paid accountants earned less than $34,470, while the highest-paid earned $94,050 a year. These positive statistics indicate that this is a lucrative field. But what exactly does it entail? First, it should be noted that accounting involves a few career options such as: accounts payable, accounts receivable, credit and collections, fixed asset management, inventory control, managerial and cost accounting as well as payroll. Each job has its own specific tasks, but let’s take a look at some general job duties of those in accounting. This financial sector of the industry analyzes financial information and prepares financial reports to determine or maintain record of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization. In other words, accountants crunch numbers to ensure that the company’s finances are at their best. In addition, accountants keep records that document every financial aspect of the company so that problem areas can be pinpointed and corrected. They also handle payrolls and sales, perform audits, analyze a business’s ledger and operations, develop budgets, prepare forms and manuals for accounting and bookkeeping personnel, advise in areas such as compensation, employee health care benefits, the design of accounting and data processing systems, investigate bankruptcies, and much more.

To get started, Centennial College offers applicants a two-year/four-semester Business Accounting program. If you are interested in applying, you must present at minimum an
Ontario Secondary School Diploma (OSSD) or equivalent or be 19 years of age or older. In addition, compulsory English 12C or U or skills assessment, or equivalent and Math 11C, M or U or 12C or U or skills assessment, or equivalent are also required.

This version of Centennial College's accounting programs provides students with solid accounting training in a shorter time frame. All of the quality of Centennial’s longer business accounting program exists but this program is designed to help students develop employable skills without studying at advanced levels. The focus is on building skills in financial and managerial accounting and developing strong knowledge in accounting software. Communications and analytical skills are also emphasized, as they are important for employment. In addition this Business Accounting program offers many classes that are taught in a lab environment, which is fully equipped with an integrated network of computer systems. Therefore, you will gain hands-on experience with industry standard computer software, including Simply Accounting and ACCPAC for Windows. For more benefits of the Business Accounting program, check out its benefits page.

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