Broaden your knowledge of financial accounting, taxation, financial and strategic management - 2020/2021
Build on your Business-Accounting Diploma with the Fanshawe Business Administration – Accounting Advanced Diploma program. You'll engage in case-studies, challenging your critical thinking skills and learning how to make better business decisions. Move beyond the basics, and into areas of auditing, financial management and controllership, cost and managerial accounting, and strategic policy and planning. Available in a traditional in class format with September admission.
You can apply for the opportunity to further develop your accounting consulting skills, with the option of substituting two courses for the intensive community consultancy program, working with real business live clients.
Business administration and accounting options
There are options to transfer to the Honours Bachelor of Commerce (Accounting) degree at Fanshawe. Further details about pathways are available here. You can also be eligible to complete a degree program at many other post-secondary institutions or complement your advanced diploma with a graduate certificate offered at Fanshawe College.
Graduates choosing to pursue the Chartered Professional Accountant (CPA) designation may path into Fanshawe's Honours Bachelor of Commerce (Accounting) degree.
Students who complete the program will be eligible for exemptions from ACCA papers F1-F4 and F6.
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: https://www.cpaontario.ca/earn-your-acaf/acaf-notice.
Admission Requirements - 2020/2021Business - Accounting Ontario College Diploma from Fanshawe College with a minimum overall average of 'C+' (2.5 cumulative GPA) and a 'B' in ACCT-3036, ACCT-3050, ACCT-3022, FINA-3043, FINA-3044 and MATH-1045
An equivalent qualification from another institution as judged by the College with a minimum overall average of 'C+' (2.5 cumulative GPA) and a 'B' in courses that are equivalent to the courses listed above
A combination of relevant education and work experience in a related field as judged by the College to be equivalent to the above
English Language Requirements
Applicants whose first language is not English will be required to demonstrate proficiency in English by one of the following methods:
- A Grade 12 College Stream or University Stream English credit from an Ontario Secondary School, or equivalent, depending on the program's Admission Requirements
- Test of English as a Foreign Language (TOEFL) test with a minimum score of 79 for the Internet-based test (iBT), with test results within the last two years
- International English Language Testing System (IELTS) Academic test with an overall score of 6.0 with no score less than 5.5 in any of the four bands, with test results within the last two years. SDS Program Requirements.
- Canadian Academic English Language (CAEL) test with an overall score of 60 with no score less than 50 in any of the four bands, with test results within the last two years
- Pearson Test of English Academic (PTE) with a minimum score of 53, with test results within the last two years
- A Cambridge English Test (FCE/CAE/CPE) with an overall score on the Cambridge English Scale of 169 with no language skill less than 162, with test results within the last two years
- An English Language Evaluation (ELE) at Fanshawe College with a minimum score of 70% in all sections of the test, with test results within the last two years
- Fanshawe College ESL4/GAP5 students: Minimum grade of 80% in ESL4/GAP5 Level 8, 75% in ESL4/GAP5 Level 9, or 70% in ESL4/GAP5 Level 10
- Applicants may apply for advanced standing on the basis of previous academic achievement at another institution and/or Prior Learning Assessment and Recognition (PLAR). Advanced standing qualifies the applicant for direct entry to a second or higher level of the program.
Applicant Selection CriteriaWhere the number of eligible applicants exceeds the available spaces in the program, the Applicant Selection Criteria will be:
- Preference for Permanent Residents of Ontario
- Receipt of Application by May 1st (After this date, Fanshawe College will consider applicants on a first-come, first-served basis until the program is full)
- Achievement in the Admission Requirements
- Preference will be given to graduates of the Fanshawe College Business - Accounting program
Business Administration - Accounting-2020/2021
ACCT-1100 Principles of Accounting 1 3 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. MKTG-1012 Principles of Marketing 1 3 This course is designed to provide an overview of the decisions that face Marketers in today's fast-paced and competitive business environment. Students will learn that marketing is not only advertising but a broad set of activities designed to satisfy consumer needs and wants. Students examine the information Marketers require for effective decision-making and learn the basic elements of the marketing planning process. MATH-1052 Business Math 3 This course provides a review of basic arithmetic and algebra as well as providing students with mathematical tools and concepts needed for other college courses and in future employment. This course is to prepare students for later courses in Marketing, Business, Financial Planning, Accounting, Purchasing and Insurance. BUSI-1060 Strategies for Success 1 This course presents and helps to develop some of the skills required to achieve academic and career success. Areas of focus include college resources, study skills, time management, academic integrity, emotional self-awareness and social skills development. Additionally, emphasis is placed on career readiness and preparation. BUSI-1005 Introduction to Business Processes 3 This course explores the various functional areas of business in Canada and demonstrates the interrelationship among these areas. Students are introduced to many concepts, including major business trends, the role of government in business, marketing, operations, employee-management issues, financial resources management, business ethics and social responsibility.
WRIT-1032 Reason & Writing Business 1 3 This course will introduce business students to essential principles of reading, writing, and reasoning at the postsecondary level. Students will identify, summarize, analyze, and evaluate multiple short readings and write persuasive response essays to develop their vocabulary, comprehension, grammar, and critical thinking. COMM-1023 Business Communication 3 The course is designed to establish a foundation for business communications through the development of writing, editing, reading, and basic computer skills. The student will plan, write, edit, and format material for production of work-related communications such as emails, memos, letters, reports and presentations. Correct writing is emphasized. Research skills are also taught. Level 2 ACCT-1097 Applied Computer App's for Accounting 1 3 ACCT-1097 provides students with computer and accounting software skills with specific focus on Microsoft Excel. Throughout the course, emphasis is put on software utilization within accounting situations and use of accounting specific functions. ACCT-1011 Principles of Accounting 2 5 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 COMM-3020 Professional Communication 3 This course develops students' literacy and professional communication skills. Students focus on current business issues and convey relevant meaning in oral and written format. The main themes of the course include writing reports and other relevant business documents (e.g. letters, short reports); communicating in groups and meetings; awareness of intercultural communication and diverse audiences; the job search (including resumes and cover letters); business; business rhetoric in speaking and writing; summarizing and evaluating current business-related readings; delivering presentations; researching and documenting reports using APA format; and self-editing skills. ECON-1002 Economics 1 3 Economics I is an introductory microeconomics course which covers a broad curriculum of microeconomic principles. Students will study the foundations of economic choice, market pricing, consumer behaviour, business decision making, market structure and policy development in a small open economy like Canada. MATH-1175 Financial Math 3 This course explains the time value of money calculations used in Mathematics of Finance. It covers topics such as simple interest, compound interest, annuities-simple and general, bonds and cost-benefit analysis. ACCT-1098 Applied Computer App's for Accounting 2 3 ACCT-1098 teaches a practical approach to capturing, processing and communicating accounting data using accounting software. QuickBooks and Sage 50 software is used to record and analyze transactions. Accounting cycle topics include: daily and month-end entries, accounts receivable and accounts payable accounting processes, banking and reporting. The content of lessons, assignments, and tests are based on the practice(s) of accounting in Canadian Business. Level 3 ECON-1005 Economics 2 3 This is an introductory macroeconomics course. Students will study measures of macroeconomic activity, growth in the economy and the government's role in stabilizing the economy. MATH-1045 Statistics 3 This course is designed to provide students with an understanding of statistics. It includes regression analysis, probabilities and distributions, sampling, statistical estimation, and hypotheses testing. FINA-3043 Taxation 1 Personal Tax 5 This course provides the student with a basic knowledge of the structure, purpose and administration of the federal personal income tax system. ACCT-3036 Accounting 1 Inter 5 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. MGMT-3041 Organizational Behaviour 3 Organizational behaviour (OB) theories and concepts are applicable to various work settings-private, public, for-profit, and not-for-profit. This course investigates how individuals, groups, and structures influence and are, in turn, influenced by behaviours in organizations. Discussion will focus on topics that include: history of OB; evolution of organizational structure, design and culture; work place productivity, employee skills and technology demands; conflict resolution; interpersonal skills; legislation related to workplace discrimination and harassment; leadership; and management of change, power, and organizational politics. Level 4 LAWS-3041 Business Law 3 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. ACCT-3050 Accounting 2 Inter 5 This course 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 discolsed according to generally accepted accounting principles. ACCT-3022 Cost Accounting 1 3 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 in particular Excel. FINA-3044 Taxation 2 Personal Tax 3 This course provides the student with a basic knowledge to complete a T1 federal income tax return. SYST-3002 Business Information Systems 3 This introductory course explores how information systems can be leveraged to transform business operations by examining system design, delivery and use. The goal of this course is to teach students to make informed decisions about the applications of information technology in a range of business sectors. In particular, students will analyze the strategic importance of hardware, software, networks, and databases to an organization's ecosystem. As well, students will explore current trends and examine solutions to common business problems through the use of database, enterprise, and decision support software. Finally, students will not only investigate the process for developing new systems within an organization, but also learn to anticipate potential problems and identify possible solutions to systems implementation. MGMT-3011 Project Management 3 Project management is about meeting unique challenges. Project management involves understanding and managing the relationships between people and events, and the scarce resources of time and money. This course will provide practical theories for the successful development, implementation and evaluation of projects and events to meet the strategic and operational goals/objectives of a business. Students will be introduced to a variety of principles, practices, tools and resources to manage workplace projects personal projects and events. Level 5 ACCT-5010 Cost & Managerial Accounting 4 This course is a continuation of the ACCT-3022 course which was designed as an introduction to management accounting. This course continues to introduce students to key concepts and practices of management accounting such as: job and process costing; cost/volume/profit analysis; variable, absorption and activity-based costing; master and flexible budgets; standard costing and variance analysis; information for decision analysis. Students will need a laptop, Excel 2007 and basic Excel skills. FINA-3042 Corporate Finance 1 3 This is a foundation course in managerial finance with an emphasis on the major decision made by the financial executive of an organization. FINA-5010 Taxation 3-Corporate Tax 5 This course provides the student with a basic knowledge of the structure, purpose and administration of the federal corporate income tax system. It will also further develop the student's knowledge of the federal personal income tax system. METH-5020 Quantitative Methods 3 In this course, common mathematical techniques used in Mathematics science are applied with the aid of computer software. ACCT-5018 Financial Accounting-Adv 3 This course will build on the concepts covered in Intermediate Accounting. Focus will be on advanced accounting topics including partnership equity accounting, consolidation issues, foreign currency transactions, and translation of foreign currency financial statements. Level 6 ACCT-5003 Cost & Managerial Accounting 6 This course equips students with a conceptual understanding of the design and use of management accounting information and the role of the management accountant. Students learn to perform analyses to support managerial decisions, and design and implement effective management control systems. Topics include: strategic decision making, customer profitability analysis, capital budgeting, cost drivers, supply-chain analysis, agency theory, responsibility accounting and transfer pricing, performance measures and emerging issues. The importance of understanding ethical issues in management accounting is stressed.Students will need a laptop computer, Excel and good Excel skills. ACCT-5001 Auditing 5 This course is an introduction to auditing principles and procedures applicable to external auditing. Topics include reporting; professional standards and ethics; legal liability; audit objectives, evidence and documentation; planning, materiality and risk, internal control, audit sampling and computer auditing. The course also addresses the details of audit work on specific accounts and assertions and concludes with the considerations of the completion of the audit. FINA-5009 Corporate Finance 2 3 Corporate finance 2 builds on the fundamentals of financial management taught in corporate finance 1 by examining the major decisions made by financial executives within an organization. Topics include: an analysis of the financial environment with a focus on risk and return, long-term financial policy, the cost of capital, dividend policy, and short-term financial management. Level 6 - Add'l Req
MGMT-5048 Professional Competencies 3 This course emphasizes the integration of knowledge from more than one subject area or topic in accounting. The student will be required to combine knowledge of topics from different subject areas or knowledge of different topics within the same subject area and respond to real-life case scenarios demonstrating their competency in the given area. For example, in order to solve one case a student may have to demonstrate an understanding of tax, management accounting and financial accounting. In addition, students will be exposed to problem-solving approaches and tools to facilitate effective communication, time management and delivery of the results of their analysis. INNV-5001 Innovation Applications 3 This course will explore Innovation through projects and group work that are assigned and developed in collaboration with your instructor. With the help of case studies, research reports, and creative thinking methods students will leverage their personal experiences and develop their capacity to innovate in multiple fields. MGMT-5034 Strategic Policy & Planning 3 Strategic management is a field of inquiry that focuses on the organization as a whole and its interactions with its environment. Strategy and policy are the means by which the functional units are bound together to produce a synergistic effect that will influence outcomes for the organization. This course explores the four basic elements of strategic management: environmental scanning, strategy formulation, strategy implementation and evaluation, and control. This course will provide a bridge in the gap between theory and practice by applying concepts and techniques learned in earlier courses covering marketing, accounting, finance, management, production and information systems.
MGMT-5039 Community Consultancy 2 6 This course will employ students in the pursuit of helping real businesses in our local community solve problems or realize opportunities. Community Consultants is a business consultancy operated by Fanshawe's Lawrence Kinlin School of Business. The Community Consultants is a 6 credit hour program that incorporates a Service Learning model, similar to experiential learning but also includes: academic enhancement, personal growth and civic engagement. This model gives students the opportunity to challenge themselves, work on a high-performing team while gaining real-world employability skills and a portfolio. Our clients benefit from and rely on your cumulative efforts to research, analyze and synthesize large amounts of data and to make recommendations. You will work alongside 2 faculty advisors and will engage and present your work to the senior level executives from the selected corporations we will serve.The Community Consultants is not a self-selected course as there are limited spots available on this team. You are required to submit a resume and cover letter to the Program Coordinator. An interview will be arranged thereafter.
Careers - 2020/2021
Graduates of the Business Administration - Accounting program are prepared to enter the accounting field in the public sector, the private sector (e.g., manufacturing, service industries and public accounting) as well as the not-for-profit sector. Graduates are suited to a variety of junior-level and intermediate-level positions, including junior accountant, intermediate accountant, accounting specialist, cost accountant, project accountant, assistant controller, accounts payable and receivable supervisor and tax accountant.
More Information - 2020/2021A Mandatory Mobile Computing (Laptop) Program For Years Two and Three
A Co-operative Education Program (Optional) For Years One and Two
A Three-Year Ontario College Advanced Diploma ProgramProgram Code: BAA2
Campus Code: LC (LC - London)
15 week terms
Academic Calendars available at www.fanshawec.ca/academicdates
ContactLawrence Kinlin School of Business: 519-452-4290
Program DescriptionBusiness Administration - Accounting is a three-year Ontario College Advanced Diploma program (laptop required). Building on the Business - Accounting diploma, the program curriculum covers advanced topics in accounting with courses in auditing, corporate finance, cost and managerial accounting, and strategic policy and planning. The program is mapped to the CPA's Advanced Certificate in Accounting and Finance (ACAF). Upon graduation from the diploma, students will have transferrable credits for the ACAF. A case-based approach is used across the curriculum to expose students to real-life scenarios to develop critical thinking skills. Many employment opportunities are available in industry, public accounting, and government where graduates will work in a variety of roles. Graduates who meet admission requirements are eligible for transfer to the Honours Bachelor of Commerce (Accounting) Degree program.
- IMPORTANT INFORMATION: Students wishing to enter the Business Administration - Accounting program must first successfully complete a Business - Accounting program.
- Students that have successfully completed a Business - Accounting program, and wish to continue with the Business Administration - Accounting program, must complete an "Application for Program Transfer" form available from the Office of the Registrar, Room E1012.
- The Business Administration - Accounting program and the second year of the Business - Accounting program are laptop programs.
Graduates may be eligible for admission to the following Graduate Certificate programs in the Lawrence Kinlin School of Business: Agri-Business Management, Human Resources Management, International Business Management, Logistics and Supply Chain Management, Marketing Management, Operations Management, Professional Financial Services, or Project Management. Graduate Certificate programs deliver a specialized professional curriculum in two four-month levels.
This program is eligible for consideration of college to college transfer of credits under the Ontario Provincial ONCAT agreement.
A laptop computer is to be purchased by the student (second year of Business - Accounting) approximately $1000.00. The cost of the laptop is included in the General Expenses stated in the Fee Schedule.
A CONNECT lab fee of $50.00 per academic term is included in the Additional Program Fees stated in the Fee Schedule. This fee helps cover costs associated with the delivery of the CONNECT mobile computing program.
Students should not purchase a laptop computer or software until the College publishes the recommended configuration, models, software titles and versions for that academic year.
Co-operative education is not available in Year 3 of the Business Administration - Accounting program.Learning Outcomes
The graduate has reliably demonstrated the ability to
1. record financial transactions in compliance with Canadian Generally Accepted Accounting Principles for sole proprietorships, partnerships, private enterprises, publicly accountable enterprises and non-profit organizations.
2. prepare and present financial statements, reports and other documents in compliance with Canadian Generally Accepted Accounting Principles for sole proprietorships, partnerships and private enterprises.
3. contribute to strategic decision-making by applying advanced management accounting concepts.
4. prepare individuals' and Canadian-controlled private corporations' income tax returns and individuals' basic tax planning in compliance with relevant legislation and regulations.
5. analyze and evaluate organizational structures and the interdependence of functional areas, and contribute to the development of strategies which positively impact financial performance.
6. analyze and evaluate, within a Canadian context, the impact of economic variables, legislation, ethics, technological advances and the environment on an organization's operations.
7. analyze and evaluate an organization's internal control system, taking risk management into account.
8. contribute to strategic decision-making by applying advanced financial management concepts.
9. co-ordinate the planning, implementation, management and evaluation of team projects by applying project management principles.
- Graduates of the Business Administration – Accounting program with a cumulative 3.0 GPA are eligible to apply for program transfer to Level 6 of the Honours Bachelor of Commerce (Accounting) Degree program.
- For information about Program Pathways visit www.fanshawec.ca/programpathways