Practicum Placements

Practicum placements in Accounting Administration provide students with hands-on experience, allowing them to develop essential skills in bookkeeping, financial record-keeping, administrative support, payroll processing, and office organization. These placements bridge academic learning with practical application, ensuring that students gain familiarity with industry-standard accounting software, data entry processes, and financial documentation. Additionally, practicum experiences help build adaptability and confidence in professional settings, preparing students for the fast-paced financial and business environment.

Beyond skill development, practicum placements offer valuable networking opportunities with professionals in accounting and financial administration. Students can gain firsthand insights into workplace operations, best practices, and career pathways within the industry. These connections can lead to future job opportunities, mentorships, or internships that help students transition smoothly into the workforce. By completing this program, graduates are well-prepared for entry-level roles in accounting firms, financial institutions, and corporate administrative departments.

Practicum Benefits for Accounting Administration:

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• Practical experience applying financial and administrative knowledge in a real-world setting.

• Skill development in bookkeeping, data entry, payroll processing, and financial documentation.

• Proficiency in accounting software and office management tools used in industry.

• Networking opportunities with professionals in financial and accounting firms.

• Preparation for entry-level roles in accounting and administrative support.

Job Prospects (NOC Codes: 14200, 13110, 13111):

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• Accounting and Related Clerks (NOC 14200): Processing invoices, accounts payable/receivable, and maintaining financial records.

• Payroll Administrators (NOC 13110): Managing payroll processing, benefits administration, and compliance with labor laws.

• Bookkeepers (NOC 13111): Recording financial transactions, reconciling accounts, and preparing basic financial statements.

Salary Range:

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• Varies by location, experience, and job role.

• Typically ranges from $40,000 to $65,000 per year

Learning Outcomes

• Financial Record-Keeping & Bookkeeping

  • Apply fundamental accounting principles to maintain accurate financial records.

  • Utilize double-entry bookkeeping methods for recording financial transactions.

  • Reconcile bank statements and maintain accurate general ledger accounts.

  • Process invoices, accounts payable/receivable, and expense tracking.

• Payroll & Taxation Procedures

  • Calculate employee payroll, deductions, and statutory remittances.

  • Ensure compliance with employment laws and tax regulations in payroll processing.

  • Prepare and submit payroll tax filings, T4s, and other required reports.

  • Use payroll software to automate and streamline payroll functions.

• Proficiency in Accounting Software & Digital Tools

  • Gain hands-on experience with industry-standard accounting software such as QuickBooks, Sage, or Xero.

  • Utilize Excel and financial spreadsheets for data analysis and reporting.

  • Process electronic transactions, invoicing, and financial documentation using enterprise accounting systems.

  • Maintain confidentiality and security of financial data.

• Office Administration & Business Communication

  • Organize and manage financial and administrative records efficiently.

  • Develop strong business communication skills, including professional email correspondence and report writing.

  • Prepare financial statements, reports, and budgets for management review.

  • Demonstrate effective time management and problem-solving in an office environment.

• Professionalism & Workplace Readiness

  • Exhibit strong ethical standards in handling sensitive financial information.

  • Adapt to fast-paced work environments in accounting firms, financial institutions, and corporate settings.

  • Collaborate effectively with colleagues and clients through teamwork and professional communication.

  • Apply critical thinking skills to identify and resolve financial discrepancies.

Modules

1. Student Success Strategy

2. English 1

3. Introduction to Business Mathematics

4. Computer Fundamentals

5. Business Communication

6. Microsoft Word

7. Microsoft Powerpoint

8. Microsoft Excel

9. Administrative Procedures

10. Human Resource Management

11. Business Values and Ethics

12. Corporate and Business Law

13. Financial Accounting

14. Payroll Fundamentals

15. Accounting Software: Quickbooks

16. Accounting Software: Sage 50

17. Professional Skills

18. Placement