Overview - 2020/2021
In the Fanshawe Business – Payroll and Bookkeeping program, you'll focus your career goals, sharpening your accounting principles on cutting-edge computer software, enhancing your bookkeeping, payroll, compensation and benefits knowledge. Our bookkeeping courses give you the foundation to evolve with the always changing business sector. Our payroll and bookkeeping courses are available in a traditional in class format, with September admission.
There are options to transfer to the Business-Accounting program or complement your diploma with a graduate certificate offered at Fanshawe College. You can also be eligible to complete a degree program at many other post-secondary institutions.
"Fanshawe's Business Payroll and Bookkeeping program has been a rewarding experience, both academically and professionally."
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)
Academic and Career Entrance Certificate (ACE)
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)
Mature Applicant with standing in the required courses and grade stated above
- *Applicants who lack the required Mathematics may still gain eligibility for admission by completing the 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 Computer Skills course
- Applicants who do not meet the stated admission requirements for the Business - Payroll and Bookkeeping 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.
- 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:
- Preference for Permanent Residents of Ontario
- 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)
- Achievement in the Admission Requirements
Business - Payroll and Bookkeeping-2020/2021
Level 1 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. 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. 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. 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. 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. 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. Level 2 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 COMP-1332 Information Management 3 An introduction to computer applications is undertaken in its relation to general business practices. Topics include an overview of information technology using computers and printers, file management, and utilizing the Internet for research. Specific applications include Microsoft OneNote, Word, Excel and PowerPoint. The contents of lessons and projects simulate situations encountered in general business processes. 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. 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. 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. Level 3 FINA-1037 Taxation 3 Designed to provide students with an understanding of the objectives, principles and administration of income taxation in Canada, this course covers employment, business, property, capital gains, other income, deductions,tax credits and the calculation of taxes payable for individual residents in Canada. Upon successful completion of the course, the student will be able to prepare personal income tax returns using commercial software. 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. ACCT-1088 Payroll Compliance Legislation 3 Students who complete this course will know the payroll compliance responsibilities that affect organizations, be able to comprehend payroll legislation, and be able to effectively communicate these to all stakeholders. This course will provide students with the payroll-related legislation affecting organizations, as well as the tools to find information and apply that information to different scenarios in relation to individual pay. LAWS-1052 Employment Law 3 Students in this course are introduced to Canadian employment law and its relationship with human resources management. The focus will be on current federal and provincial legislation affecting the non-unionized environment. The Canadian legal framework will be reviewed, including statutory and common law and the judicial system. The legal context of the entire employment relationship from hiring to ending the relationship and beyond will be examined. From an assigned case, students will predict a case outcome using statutory and common law and their own interpretation of the facts of the case. ACCT-1015 Management Accounting 3 This introductory course emphasizes management accounting topics such as financial statement analysis, budgets, nature of costs etc. This will allow the student to understand the role of accounting in business and how accounting data is used in the decision making process. Level 4
ACCT-3042 Payroll Fundamentals 2 3 Students who complete this course will be able to calculate and report the government and third party remittances, year-end requirements and accounting for payroll at the compliance level for the organization. Students will be able to effectively communicate these organizational processes and requirements to internal and external stakeholders. BUSI-1002 Work Issues & Ethics 3 This course will provide the student with a platform which to base both business and personal decision making within the context of various moral and ethical principles. Topics include the relationship between business and society, theoretical bases for ethical decision making, ethical capitalism and relativism, regulating business, stakeholder relations and marketplace ethics. The relationship between business and the environment will also be explored, with particular emphasis on corporate social responsibility and sustainability. BUSI-1070 Small Business Ownership 3 In BUSI 1070, the major project consists of constructing a business plan for a new enterprise. The student is expected to understand and apply the concepts learned from previous courses. The project requires the student to integrate core topics such as small business finance, marketing and operations. Additional course material explores alternatives to starting a business such as buying an existing business or franchise and/or taking over the family business. MGMT-3048 Compensation & Benefits Administration 3 This course will provide students with an understanding of the process, issues, and techniques involved in administering a compensation system. Students will learn both the theoretical and applied aspects of the compensation function; the linkage between the compensation function and the organizational management process; and the compensation system design necessary to attract, retain and motivate the required workforce. This course is HRPA approved and is required to write the Comprehensive Knowledge Exam 1 (CKE1) and/or the Comprehensive Knowledge Exam 2 (CKE2). These exams are part of the attainment of the externally accredited entry level Certified Human Resources Professional (CHRP) designation (CKE1) and/or the advanced level Certified Human Resources Leader (CHRL) designation (CKE2), respectively. You must achieve a minimum of 65% in any one of the nine CHRP/CHRL courses and an overall average of 70% in these nine courses to be eligible to write the CKE1 and/or CKE 2. For further information on this designation, please see: http://www.hrpa.ca/RegulationandHRDesignations/Pages/HR-Designations.aspx ACCT-1087 Payroll Fundamentals 1 3 Students who complete this course will be able to apply payroll legislation and calculate individual pay. This includes all components of individual pay from remuneration, through deductions, to net pay for both regular and non-regular situations. Students will have the content and skills to effectively communicate all aspects of the individual pay calculation process to external and internal stakeholders.
ACCT-3052 Payroll Practicum 3 Case based course where students will perform all aspects of the payroll function. INNV-1001 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.
Careers - 2020/2021
Career OpportunitiesGraduates of the Business - Payroll and Bookkeeping program will be well prepared for entry-level careers in accounting, bookkeeping, taxation and payroll administration in a variety of industries or for self-employment. Positions include payroll clerk, compensation clerk, payroll administrator, bookkeeper, accounts payable/receivable clerk and accounting assistant.
More Information - 2020/2021A Two-Year Ontario College Diploma ProgramProgram Code: BPB1
Campus Code: LC (LC - London)
15 week terms
Academic Calendars available at www.fanshawec.ca/academicdates
Lawrence Kinlin School of Business: 519-452-4290
Program DescriptionBusiness - Payroll and Bookkeeping is a two-year Ontario College Diploma program. The program provides graduates with knowledge of 1) payroll and human resources practices including compensation and benefits, and 2) bookkeeping practices and related accounting software applications. Graduates will have met the educational requirements for the Payroll Compliance Practitioner designation and will have three advanced standing credits towards completion of the Certified Payroll Manager designation with the Canadian Payroll Association (CPA). In addition, graduates will have also completed the academic requirements for the Certified Bookkeeper designation with the Canadian Institute of Bookkeeping (CIB). Graduates will be well prepared for self-employment or for entry-level careers in accounting, bookkeeping, taxation and payroll administration in a variety of industries.
- The Business - Payroll and Bookkeeping 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.
- Graduates will have met the educational requirements for the Payroll Compliance Practitioner designation and will have three advanced standing credits towards completion of the Certified Payroll Manager designation with the Canadian Payroll Association (CPA). In addition, graduates will have also completed the academic requirements for the Certified Bookkeeper designation with the Canadian Institute of Bookkeeping (CIB). For both the CPA and CIB credits to be awarded, students must meet minimum grade requirements.
- 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.
Applicants seeking a Co-op Endorsed Diploma should apply to the Business - Payroll and Bookkeeping (Co-op) program, Program Code BPB2.Learning Outcomes
The graduate has reliably demonstrated the ability to
1. Maintain paper and electronic accounting records and prepare financial statements for sole proprietorships, partnerships, and corporations in accordance with Generally Accepted Accounting Principles.
2. Employ management accounting techniques in the planning, directing, and controlling of an enterprise.
3. Prepare routine tax returns for individuals ensuring compliance with relevant legislation and regulations.
4. Support the financial management of a business organization including the preparation of financial information by using relevant and current mathematical techniques.
5. Support the accounting functions including maintaining records and preparing financial statements and reports and processing payroll through the application of current and relevant computer skills and knowledge of accounting information systems.
6. Recognize the impact of the operations of functional areas of an organization on its financial performance.
7. Recognize, within the context of the Canadian business environment, the impact of factors such as economic variables, legislation, and ethics on business operations.
8. Support the accounting, human resource and payroll functions of an organization through the application of contemporary business communication practices and effective interpersonal skills.
9. Prepare, maintain, and communicate accurate information related to pensions administration.
10. Plan personal professional development to enhance knowledge of current issues, trends, and practices in the payroll profession.
11. Prepare, maintain, and communicate accurate information in compliance with all relevant employment legislation, law, policies and procedures for payroll, pensions, compensation and benefits.
12. Use current payroll legislation to prepare individual pay including remuneration and deductions to net pay.
13. Prepare payroll remittances and year end documentation for federal, provincial and third party stakeholders.
14. Process payroll and accounting source documents to complete an accounting cycle using appropriate technology.
15. Develop a comprehensive business plan for a payroll or bookkeeping business.