Shareholder loans (performing basic transactions for purchases and paybacks)Īccounts payable & accounts receivable (refunds and credits, definition and processing) intangible (definition, purpose)Ĭontrol accounts (definition, purpose, effect of sub-ledger postings)ĭifferent ownership structures (definition, effect on chart of accounts)
#Bookkeeping certification canada trial#
Trial balance report (definition, purpose, process to create)Īssets: tangible vs. Subledger records (A/P and A/R – definition, purpose)Ĭredit limits (definition, basic comprehension)Īccounts payable: purchase orders, invoices and payments (definitions where applicable, understanding of each type of transaction and its purpose, recording of each transaction type)Īccounts receivable: estimates, invoices and receipts (definitions where applicable, understanding of each type of transaction and its purpose, recording of each transaction type) General ledger records (definition, purpose) Recording transactions in sub-ledgers (accounts payable and accounts receivable) GST/HST basics (definitions, separation vs. contra accounts and control accounts (definitions, comprehension)ĭetermining financial vs.expenses (definition, purpose, normal balance, grouping (COGS vs.revenue (definition, purpose, normal balance).equity (definition, purpose, normal balance).liabilities (definition, purpose, normal balance, short-term vs.assets (definition, purpose, normal balance, current vs.For more information please contact Cindy Smith, Manager, Membership & Partnerships for more information.ĭefinition of bookkeeping, and the order of the bookkeeping processĬhart of accounts – definition and categories, as well as: This checklist can also be used in conjuction with your continuing education to help you know when you're ready to attempt the next level.
Not sure of the best certification pathway level entry point? Use our downloadable Knowledge Expectations Checklist to help you see which level is the best fit right now. Whatever level you are at in your bookkeeping career, the CPB Canada knowledge expectations validate your knowledge, skills, and experience to your clients, employers, peers, and the public. Did you know that our certification pathway to CPB designation is available to all CPB Canada members at no additional cost (excluding the CPB exam fee)? Learn more about why you should become a member today!
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