Important update to CPA Canada's Advanced Certificate in Accounting and Finance (ACAF): In July 2019, CPA Ontario has advised that the CPA ACAF program will be discontinued. Students will have until February 2021 to write the ACAF examination, after which time the CPA will no longer offer any exams for the ACAF. The notice from the CPA on the discontinuation of the ACAF can be found at this link:

The Advanced Certificate in Accounting and Finance is for individuals aspiring to elevate their technical accounting and finance skills to an intermediate level. Realize your career goals by earning the advanced technical skills demanded by top employers across Canada. Full details about this designation can be found here:

Fanshawe College  is pleased to offer a selection of approved courses required to complete the program:

*F - Fall, W - Winter, S- Summer, TBD - To Be Determined

Course & Course Code Anticipated Term Offerings (F,W,S) Course Description
Principles of Accounting I
F, W, S This course introduces the student to the Principles of Accounting, and includes an exploration of the underlying concepts that guide the preparation of accounts for individuals and organizations. It is designed to teach the student, regardless of program destination, an essential life skill - an understanding of Net Worth, and its importance to business success and the financial well-being of the individual.
Principles of Accounting II
F, W, S This course is a continuation of the study of Financial Accounting at an introductory level. Students will cover additional material related to: Asset, liability, and owners'/shareholders' equity, revenue and expense accounts. Accounting for partnerships and corporations. Analysis of financial statements, including balance sheet and income statement. Retained earnings and cash flow
Cost Accounting I
S, TBD This introductory management accounting course teaches students to employ techniques such as job and process costing, general cost allocations, cost/volume/profit analysis, budgeting, and relevant costing. Students will need a laptop computer with Microsoft 2007, in particular Excel 2007.
Business Law
S, TBD This course is an introduction to Canadian Business Law with an emphasis on the law in Ontario and its practical application in business and accounting environments. A mobile computing course (laptop) integrates technology; the students will utilize electronic resources and acquire the ability to identify and respond appropriately to relevant legal situations. Course content includes the constitution and court system, torts, professional liability, contracts, property, security interests and business formations.
Accounting I - Intermediate
S, TBD Intermediate Accounting I is a course that builds on the basic understanding of accounting principles. The main goal of this course is to teach students to determine what financial information should be reported and how it should be quantified and disclosed according to generally accepted accounting principles. This course focuses on financial statement presentation and the asset side of the balance sheet.
Accounting II - Intermediate
S, TBD Intermediate Accounting II is a course that builds on the basic understanding of accounting principles. The main goal of this course is to teach students how to determine the information that should be reported and how it should be quantified and disclosed according to generally accepted accounting principles. This course focuses on the right hand side of the balance sheet (liabilities and owners' equity), whereas the previous course, ACCT-3036, focused on the left hand side of the balance sheet (assets).
Applied Computer App's for Accounting I
F, W, S This course provides students with additional computer and accounting software skills building on their existing knowledge of Microsoft Excel 2013.  Specific emphasis is put on software utilization within accounting situations and use of accounting specific functions.
Business Information Systems
F, W This is a survey course in the use of computer-based information systems in management and accounting. Topics include hardware and software, file and database organization, telecommunications and networks, e-commerce, information management and decision support systems, systems development, and the impact of computers.  Database and decision support programs are used to examine solutions to common business problems.  Microsoft Access topics include all of the components of the Microsoft Office Specialist (MOS) certification program.  Assignments and lessons are focused on the practice of accounting in the business world.  After completion of the course, students will be able to make informed decisions about the applications of information technology in business.

Taxation I - Personal Tax

F, W, S This course provides the student with a basic knowledge of the structure, purpose and administration of the federal personal income tax system.
Ethics & Workplace Skills
F, W, S This foundational course introduces students to the ACAF Method, which is the problem-solving approach used throughout the applied courses. The framework underscores the importance of business and accounting ethics. Other workplace skills are integrated into the course, with special attention given to communication, as students apply the framework to various scenarios typically encountered by those working in mid-level accounting and related positions. Students will learn how ethics and communication are central to the   credibility of those who analyze financial information for employees, clients and other financial users.
Business Applications
F, W, S This course requires students to apply the ACAF method to a single comprehensive business scenario. Each week, the business scenario will require students to demonstrate a different combination of technical skills acquired through the technical application courses, along with workplace skills such as the following: communication, routine problem solving, personal management and teamwork, management and analysis of information, and ethics. This scenario deals with financial accounting, management accounting, finance taxation, audit and information systems issues, providing practice in these technical areas through the application of the ACAF Method. Working both individually and in groups, students will incorporate material from prerequisite course and continue to refine their workplace skills.
Applied External Audit
F, W, S Applied External Audit builds on the technical components from previous auditing courses, focusing on external audit issues. The course assumes that students are familiar with the material related to the first two stages of an audit - acceptance/continuance and audit planning - and will focus on the last two stages - execution and reporting.
Applied Personal/Corporate Tax
F, W, S This course builds on the technical and personal corporate taxation courses, covering the selected topics in more depth. The topics are integrated to facilitate tax planning for corporations and individuals. The purpose of the course is to provide students with tax skills appropriate for environments of lo- to mid-level complexity with low levels of uncertainty. Topics addressed include the following: integration of personal and corporate tax; corporate investment income; corporate distributions; capital gains; estates and trusts; tax-planning strategies for individuals and corporations, and corporate reorganizations.
Not-For-Profit & Related Topic
F, W, S This course emphasizes the application of accounting concepts encountered in the not-for-profit and charities sector. The purpose of this course is to produce a mid-to-low-level complexity with low levels of uncertainty. The course will focus on applied knowledge, using authentic not-for-profit scenarios that require students to demonstrate the application of technical knowledge. Accounting software is integrated throughout the course to help students develop the skills needed in the marketplace. In addition, this course will help students develop other skills such as communication, managing and analyzing information, solving routine problems and effectively promoting personal management and teamwork. This course covers the following topics: how not-for-profit organizations (NFPOs) are created; the concepts of good governance and internal controls with an NFPO; differences in accounting between NFPOs and for-profit entities; fund accounting and the use of the restricted fund method; the deferral method of accounting for contributions; the characteristics of registered charities; a brief overview of various types of government organizations, and Accounting Software Application.

*Please click on any course title to view available course dates for enrollment, campus, cost, and delivery model.