Business - Accounting
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Program Overview
This diploma in accounting will teach you how to examine business from multiple angles and how to maximize your unique skill set. Industry professionals who work in the business accounting field will teach you how to balance the books in the manufacturing and merchandising sectors, banks, and other financial institutions. You’ll also learn how to analyze numbers in public accounting firms and federal, provincial, and municipal government offices by using cutting-edge accounting software.
Program Details
Program Code
BAC2
Credential:
Ontario College Diploma
Duration
60 weeks
Canadian Students
Start Dates
Locations
Availability
Full Time Offerings
2024 May
London
Open
2024 September
London
Open
2025 January
London
Open
2025 February
London
Open
2025 May
London
Open
2023 September
London
Closed
2024 January
London
Closed
2024 March
London
Closed
Part Time Offerings
International Students
Start Dates
Locations
Availability
Full Time Offerings
2024 September
London
Open
2025 January
London
Open
2025 February
London
Open
2025 May
London
Open
2023 September
London
Closed
2024 January
London
Closed
2024 March
London
Closed
2024 May
London
Closed
Your Learning Experience
This two-year diploma in accounting is designed to prepare graduates to work in an accounting environment at the entry or intermediate accounting level. This accounting diploma program starts with accounting fundamentals and then moves to detailed accounting principles and concepts, including computerized accounting. When you graduate, you’ll have the skills required for success in a corporate accounting department in a variety of industries, including manufacturing, merchandising, small business accounting, banks and other financial institutions.
You’ll also work in public accounting firms and federal, provincial and municipal government offices. This program is an ideal starting point for those seeking a career in accounting.
Graduates who meet admission requirements are also eligible for transfer to the Business Administration - Accounting Advanced Diploma or the Honours Bachelor of Commerce (Accounting) Degree. Available in a traditional in-class format with September, January, February and May admissions or as a fully online (asynchronous) business program, full-time or part-time. A co-op version of this program is also available.
Laptop requirements
Please note, this program requires a laptop. It is recommended that students use a PC laptop vs. a Mac laptop, as Windows is required to be able to load program-specific software. For more information on specific requirements, visit the Laptop Requirements page on the Fanshawe CONNECTED website.
Career Information
Graduates of Fanshawe’s Business – Accounting program are prepared for a variety of entry-level positions in the public, private or not-for-profit sectors, including accounting assistant, junior accountant, staff accountant, bookkeeper, assistant controller, accounts payable and receivable clerk, billing administrator and tax practitioner.
Did you know Fanshawe consistently ranks high in graduate employment rates among large colleges in Ontario?
Here are some examples of career opportunities for graduates of Fanshawe’s Business – Accounting program:
- Senior Accountant (Analyst)
Support a charity’s analytical board by completing reconciliations, analyzing and investigating variances and coordinating monthly and year-end reports. - Tax Collector/Deputy Treasurer
Fulfill a municipality’s tax billing and collection process, prepare financial information and return of financial statements, facilitate the municipal payroll system and year-end audits. - Financial Analyst
Prepare journal entries and underlying schedules/sub-ledgers for accounts payable, monitor accounts payable to ensure balances are paid, assist with financial planning and analysis.
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 recurring decision-making by applying fundamental management accounting concepts.
4. prepare individuals’ income tax returns and basic tax planning in compliance with relevant legislation and regulations.
5. analyze organizational structures, the interdependence of functional areas, and the impact those relationships can have on financial performance.
6. analyze, within a Canadian context, the impact of economic variables, legislation, ethics, technological advances and the environment on an organization’s operations.
7. outline the elements of an organization’s internal control system and risk management.
8. contribute to recurring decision-making by applying fundamental financial management concepts.
Related Programs
Academic School
Program Coordinator:
Joanne Lansink, MBA, CPA, CMA
Academic Advisor:
Ingrid Amezquita Montoya
Admission Requirements
One of:
OSSD with courses from the College (C), University (U),
University/College (M), or Open (O) stream WITH:
Any Grade 12 English (C) or (U)
Mathematics* ONE OF:
-Any Grade 12 Mathematics (C) or (U)
-Any Grade 11 Mathematics (C), (U), or (M)
(Note: Minimum final grade of 60 required for any Grade
11 Mathematics course)
- OR -
Academic and Career Entrance Certificate (ACE)
- OR -
Ontario High School Equivalency Certificate (GED)
AND:
Mathematics* ONE OF:
-Any Grade 12 Mathematics (C) or (U)
-Any Grade 11 Mathematics (C), (U), or (M)
(Note: Minimum final grade of 60 required for any Grade
11 Mathematics course)
- OR -
Mature Applicant with standing in the required courses and
grade stated above
NOTE:
*Applicants who lack the required Mathematics may still
gain eligibility for admission by completing appropriate prior
upgrading.
International Admission Equivalencies
Admission equivalencies for Fanshawe depends on your country of study. Please enter your location to see the requirements for your country below.
English Language Requirements
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
Recommended Academic Preparation
Recommended Academic Preparation
- Any Grade 11 or Grade 12 Business Studies (C), (M), or (O)
- Grade 12 Business and Technological Communication (O)
- Academic and Career Entrance Certificate (ACE): Business Mathematics course and a Computer Skills course
- Applicants who do not meet the stated admission requirements for the Business - Accounting program should apply to the one-year Business Fundamentals Ontario College Certificate program, Program Code BFS2. The Business Fundamentals program is recommended for students who require or desire academic upgrading, particularly in Mathematics and English, before pursuing a business diploma program. Students who successfully complete the Business Fundamentals program may be eligible for admission to Level 2 of any two-year business diploma program at Fanshawe College.
Advanced Standing
Advanced Standing
- 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 Criteria
Applicant Selection Criteria
Where the number of program eligible applicants exceeds
available spaces, the Applicant Selection Criteria for this program
will be:
1. Preference for Permanent Residents of Ontario
2. Receipt of Application by February 1st (After this date,
Fanshawe College will consider applicants on a first-come,
first-served basis until the program is full)
3. Achievement in the Admission Requirements
More Information
Courses
| Level 1 | ||||
| Take all of the following Mandatory Courses: | ||||
| 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. | ||||
| 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. | ||||
| 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. | ||||
Tuition Summary
London
*Total program costs are approximate, subject to change and do not include the health and dental plan fee, bus pass fee or program general expenses.