Program delivery note

Program delivery note: Fanshawe will temporarily deliver programs this fall either fully online or in a blend of online and face to face. Delivery format may change for January 2021 and onwards.

Become a specialist in business principles and accounting concepts in this accounting diploma - 2020/2021

You will learn 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 manufacturing and merchandising sectors, banks, and other financial institutions. You will also learn how to analyze numbers in public accounting firms and federal, provincial, and municipal government offices by using cutting edge accounting software. Available in a traditional in-class format, with September, January, February and May admissions or 100% online.

Completing the Business Accounting diploma online

Completing this accounting diploma program online provides flexibility and allows students to study full-time and part-time from anywhere. The online accounting courses are provided asynchronously, offering you the convenience to study at any time. Student support resources are available online and our programs have multiple pathways.

If you are thinking about completing your business accounting diploma online, you can assess your readiness with www.amiready.ca, Fanshawe's Online Readiness Indicator, a measure of the degree to which distance learning and/or learning in a technology rich environment is the right fit for you. We also have a handy checklist to guide you along the way to becoming an online learner.

Pathways for your Business Accounting diploma

With your business accounting diploma, there are options to transfer to the Business Administration-Accounting advanced diploma or 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 diploma with a graduate certificate offered at Fanshawe College.

Professional certification

ACCA Accredited ProgrammeGraduates 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-F3.

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.

 

A co-op version of this program is also available

A part-time, online version of this program is available

Accounting - Your StoryTM Spotlight Video

 

 

Admission Requirements - 2020/2021

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: a 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: a 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. 

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

  • 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

  • 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

Where the number of eligible applicants exceeds the available spaces in the program, the Applicant Selection Criteria 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

Courses

Business - Accounting-2020/2021

Level 1
Take all of the following Mandatory Courses:
ACCT-1100Principles of Accounting 13
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-1012Principles of Marketing 13
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-1052Business Math3
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-1060Strategies for Success1
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-1032Reason & Writing Business 13
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-1005Introduction to Business Processes3
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.

Level 2
Take all of the following Mandatory Courses:
ACCT-1097Applied Computer App's for Accounting 13
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-1011Principles of Accounting 25
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-3020Professional Communication3
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.
MATH-1175Financial Math3
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.
ECON-1002Economics 13
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.
ACCT-1098Applied Computer App's for Accounting 23
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
Take all of the following Mandatory Courses:

Group 1
ECON-1005Economics 23
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-1045Statistics3
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-3043Taxation 1 Personal Tax5
This course provides the student with a basic knowledge of the structure, purpose and administration of the federal personal income tax system.
ACCT-3036Accounting 1 Inter5
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.


Group 2
Students will be enrolled in one of the following courses:
MGMT-3041 or INNV-1001
MGMT-3041Organizational Behaviour3
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.
INNV-1001Innovation Applications3
Organizations and individuals need to be innovative to succeed in the complex and rapidly-changing global marketplace. In this course you will learn the fundamentals of innovation and how innovation applies to your discipline or field.Using this foundational knowledge, you will apply the novel and adaptive thinking processes and tools presented in the course to complete an innovative learning project in collaboration with other students.The project will be based on a real-world scenario with a defined scope as chosen by your professor. The project may involve external live clients and a multi-disciplinary approach.Throughout the course, novel and adaptive thinking skills as well as collaboration skills will be evaluated through self assessment.This course is designed to give students in certificate and diploma programs a foundation in innovative thinking.

Level 4
Gen Ed - Take a 3 credit General Education elective course
Take all of the following Mandatory Courses:
ACCT-3050Accounting 2 Inter5
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 disclosed according to generally accepted accounting principles.
ACCT-3022Cost Accounting 13
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-3044Taxation 2 Personal Tax3
This course provides the student with a basic knowledge to complete a T1 federal income tax return.
SYST-3002Business Information Systems3
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.
LAWS-3041Business Law3
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.
MGMT-3011Project Management3
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.

Gen Ed - Electives
Take 3 General Education Credits -
Normally taken in Level 4

Program Residency
Students Must Complete a Minimum of 20 credits in this
program at Fanshawe College to meet the Program Residency
requirement and graduate from this program

Careers - 2020/2021

Career Opportunities

Graduates of the Business – 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 entry-level positions, including accounting assistant, junior accountant, staff accountant, bookkeeper, assistant controller, accounts payable and receivable clerk, billing administrator and tax practitioner.

More Information - 2020/2021

A Mandatory Mobile Computing (Laptop) Program For Year Two
A Two-Year Ontario College Diploma Program
Offered as a Weekday Program and as an Online Program
Program Code: BAC2
Campus Code: LC (LC - London)
September/January/February/May Admission
15 week terms
Academic Calendars available at www.fanshawec.ca/academicdates


Program Code: BAC2
Campus Code: LCL (LCL - London-Online)
September/January/May Admission
15 week terms
Academic Calendars available at
www.fanshawec.ca/academicdates

Contact

Lawrence Kinlin School of Business: 519-452-4290

Program Description

Business - Accounting is a two-year Ontario College Diploma program (laptop required for second year onward). Designed to prepare graduates to work in an accounting environment at the entry or intermediate accounting level, the program starts with accounting fundamentals and then moves to detailed accounting principles and concepts, including computerized accounting. Graduates will have the skills required for success in a corporate accounting department in a variety of industries, including manufacturing, merchandising, banks and other financial institutions. Graduates 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 eligible for transfer to the Business Administration - Accounting Advanced Diploma program or the Honours Bachelor of Commerce (Accounting) Degree program.

Other Information

  • The Business - Accounting program shares a common first level with all business diploma programs in the Lawrence Kinlin School of Business which allows for program transfer, with no loss of credit, after Level 1.
  • Applicants applying to the Online version of the program should select Campus Code LCL (LCL - London-Online).
  • Applicants applying to the Online version of the program should ensure they have appropriate technological capacity to complete the program, including access to a computer, required software and internet access for each course in the program.
  • Students, regardless of when they enter Level 1, may complete the program in four consecutive semesters.
  • Students entering Level 1 of Business - Accounting in January are expected to proceed to Level 2 of the program in the summer term but may instead proceed to Level 2 in the fall term.  Students entering Level 1 of Business - Accounting in February or May will proceed to Level 2 in the fall.
  • Graduates may apply for program transfer to the Business Administration - Accounting Ontario College Advanced Diploma program (third year) or the Honours Bachelor of Commerce (Accounting) Degree program. "Application for Program Transfer" forms are available from the Office of the Registrar, Room E1012.
  • Graduates from the two-year Business - Accounting program should have obtained a 'B' in the following courses: FINA-3043 Taxation I-Personal Tax, FINA-3044 Taxation 2-Personal Tax, MATH-1045 Statistics, ACCT-3036 Accounting I - Intermediate, ACCT-3022 Cost Accounting I, ACCT-3050 Accounting 2-Intermediate, if they wish to apply to the Business Administration - Accounting Ontario College Advanced Diploma program (third year).
  • 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.
  • Students attending the Online version of the program will not be required to pay a CONNECT lab fee. For all other students a laptop computer is to be purchased by the student (second year only), approximately $1000.00.  The cost of the laptop is included in the General Expenses stated in the Fee Schedule.
  • A CONNECT lab fee (second year only) 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

Applicants seeking a Co-op Endorsed Diploma should apply to the Business - Accounting (Co-op) program, Program Code BAC4.

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.

Program Pathways

For information about Program Pathways visit www.fanshawec.ca/programpathways.

Program Details

More details

Canadian Students

Start Dates
Locations
Availability
2019 September
London
Closed
2019 September
London - Online
Closed
2020 January
London
Closed
2020 January
London - Online
Closed
2020 February
London
Closed
2020 May
London
Closed
2020 May
London - Online
Closed
2020 September
Fully Online
Open
2020 September
Fully Online
Open
2021 January
London - Online
Open
2021 January
London
Open
2021 February
London
Open
2021 May
London - Online
Open
2021 May
London
Open

International Students

Start Dates
Locations
Availability
2019 September
London
Closed
2020 January
London
Closed
2020 February
London
Closed
2020 May
London
Closed
2020 September
Fully Online
Open
2021 January
London
Open
2021 February
London
Open
2021 May
London
Open
Program Code
BAC2

Program Coordinator:

Joanne Drouillard, MBA, CPA, CMA

Academic Advisor:

Ingrid Amezquita Montoya

Delivery
Day Time
Full-Time
Part-Time
Online
Credential
Ontario College Diploma
Duration
60 weeks

@FanshaweCollege