CIB is a national, non-profit organization dedicated to preparing by legalstuff3


									                           CONTINUING                        EDUCATION

                                    CIB EQUIVALENCIES

            Canadian Institute of Bookkeeping - Revised
CIB is a national, non-profit organization dedicated to preparing individuals for professional positions in a
financial environment.

The program comprises of nine courses that include both theory and computer applications. Practical
experience is required before qualifying for certification. Upon completion of the program, students will be
governed by a Code of Ethics which sets out professional responsibilities and conduct.

A grade of 65% is required for exemption (certain exemptions may be subject to a time limit).

                                                                                      Fall                 Summer
                         Course Number                Course Name            Credit   2008   Winter 2009    2009

 Computer                                    Computer Applications for
 Applications         MICR        1483      Business                            3                           

 Bookkeeping I        ACCT *1130 or 1701      Financial Accounting I            4                              

 Bookkeeping II       ACCT        1202        Financial Accounting II           3      

 Bookkeeping II       ACCT        1302        Financial Accounting III                           

 Computer             ACCT      1310/or       Computerized Accounting           4      
 Applications II      ACCT       1223         Applications I
 Computerized        COMP         1800        Simply Accounting                                 
 Bookkeeping I
 Cost Management      ACCT        1505        Management Cost Accounting I      4                            

 Income Tax           ACCT        1404        Canadian Income Tax I             3                           

 Payroll              CEAC        1100        Payroll Administration                                         
 Computerized        COMP         1758       ACCPAC Small Business                                          
 Bookkeeping II                             Series - GL

One of the following must be selected as part of the CIB certification requirement:
 ACCPAC Small Business Series – AR
 ACCPAC Small Business Series – AP
 Computerized        COMP 1757        ACCPAC Small Business Series - AR                                    
 Bookkeeping II
 Computerized       COMP 1765      ACCPAC Small Business Series - AP                             
 Bookkeeping II
                                                             Total Credits:   20
Indicates which courses are offered this term. The actual running of the courses is dependent on
   sufficient registration. Please Note: For the Winter 09 and Spring 09 terms, there may be
   additional course offerings. Please check this website or the CE course calendar when
   making your selection for these terms.

*Replaced ACCT1101

Please note that the CIB has made changes to its academic requirements for certification. As such the
CIB equivalencies available through Niagara College have changed accordingly. Courses taken prior to the
changes will be honoured provided that all other requirements are met.

For further information on certification requirements, registration and membership, contact the Canadian
Institute of Bookkeeping at (416) 925-9420 or Fax (416) 929-8815 or email: or visit

For further Information on Niagara College equivalent courses, please contact Lucia Szeplaki at ext 7524.

Required Courses

Computerized Applications for Business
MICR 1483
This is an interactive, hands-on computer applications course that provides the student with the basic and
intermediate word processing skills to produce professional business documents. Students will also
develop proficiency in electronic presentation software. Emphasis will be placed on building skills to
prepare the student for MOUS (Microsoft Office User Specialist) certification.

Financial Accounting I
ACCT 1130
This course is designed at the introductory level to provide students with an overview of financial
accounting. Generally accepted accounting principles will be used as the foundation for students to build
their knowledge of the complete accounting cycle and financial statement preparation. Topics will also
include adjusting and closing entries, worksheets, bank reconciliations and petty cash. Students will be
challenged to account for merchandising activities and will apply various methods of costing of ending
inventories. In addition, this course will discuss and apply the necessary concepts to account for a
partnership form of organization.

Financial Accounting II
ACCT 1202
This is a continuation of Financial Accounting I (ACCT 1101) featuring basic accounting principles and
procedures related to payroll, inventory, current liabilities, long-term assets, partnerships.

Financial Accounting III
ACCT 1302
This course will continue the study of accounting from ACCT1202. Students will obtain a thorough
understanding of the relationship between specialized accounting journals and the related ledger accounts.
Also, the accounting for a corporation, preparation of cash flow statements, and financial analysis will be
studied at an introductory level.

Computerized Accounting Applications I
ACCT 1310/or ACCT1223
This course is designed to reinforce concepts studied in first year accounting, mathematics and other
business courses while developing extensive analytical and problem solving skills using Microsoft Excel.
Students will receive "hands-on" training applying accounting concepts to create professional business
reports. New topics in financial accounting include bonds payable, financial analysis and forecasting while
review of payroll, receivables, worksheets and budgeting allow students to practice basic and advanced
functions in Excel. Through group research projects, students are exposed to several additional accounting
software programs and various computer skills.

Simply Accounting 2006
COMP 1800
Operate your business using an integrated computerized accounting package. How to convert a manual
system into a computerized system will be taught, including accounts payable, accounts receivable,
general ledger, Canadian payroll, job costing, cheque preparation, and invoicing. Students must have
experience using Windows and a good understanding of bookkeeping principles. A recommended
prerequisite is OMDP1103. Please bring diskettes to the first class.

ACCPAC Small Business Series - AR
COMP 1757
This 18-hour online course covers the ledger setup, adding customer accounts, daily transaction
processing, reports and periodic processing using Version 5.2 of the ACCPAC Advantage Series, Corporate

ACCPAC Small Business Series - AP
COMP 1765
This 18-hour online course covers the ledger setup, adding vendor accounts, daily transaction processing,
reports and periodic processing using Version 5.2 of the ACCPAC Advantage Series, Corporate Edition.

ACCPAC Small Business Series - GL
COMP 1758
This 18-hour online course introduces students to version 5.2 of the ACCPAC Corporate Edition (formerly
Windows Small Business Series) and focuses on the creation of a company and a chart of accounts,
entering transactions and producing financial reports.

Management Cost Accounting I
ACCT 1505
This is a review of the cost accounting techniques and terminology used in the job order cost system. This
course includes the manufacturer's financial statements, cost cycle, inventory costing and control, labour
incentive plans, budgetary control and analysis, cost allocation and decision-making. Microcomputer
spreadsheet applications are included.

Canadian Income Tax I
ACCT 1404
This is a basic introduction to the concepts of personal income tax in Canada. This course will introduce tax
planning concepts and give students experiences in the preparation of personal returns. This will include an
introduction to capital gains.

Payroll Administration
CEAC 1100
Participants will be introduced to the complexities of administering a payroll system. Students will gain an
understanding of payroll record keeping and procedures by reading and analyzing relevant legislation and
then applying it to situations. Topics will include maintaining payroll records, taxable benefits, statutory
deductions, Worker's Compensation, Employer Health Tax, employment standards, pay equity, employee
vs. self-employed criteria, and the record of employment.

                                       For further details, contact:
                                 Niagara College, Continuing Education

             Ext. 7510 (Welland Campus) or Ext. 4419 (Niagara-on-the-Lake Campus)

                          Welland, Port Colborne and Stevensville: 905-735-2211
                           Niagara Falls and Niagara-on-the-Lake: 905-374-7454
                     St. Catharines, Beamsville, Fort Erie and Ridgeway: 905-641-2252
                                 Grimsby and West Lincoln: 905-563-3254

                                           Check us out online:
                                 Niagara College, Continuing Education

                             Niagara College of Applied Arts & Technology

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