Professional Accounting

This one-year post-grad program is designed for university and college graduates looking for a career in professional accounting. Courses will be enriched with hands-on integrated technology applications and case studies based on real-world scenarios. Further real-world industry exposure will be maximized with guest speakers and hands-on projects. The program is designed to integrate all of the course topics and to develop students' critical thinking skills, research skills, and decision-making skills.

Complete the professional accounting certificate in only a year - 2022/2023

Professional Accounting is a one-year Ontario College Graduate Certificate program. You’ll learn from skilled faculty that will teach you best practices in accounting and business while offering the real-world exposure you’ll need to succeed in your accounting career.

Not only will you develop specialized skills and knowledge of core accounting principles, but you will also make extensive use of Microsoft Excel and other industry-standard accounting software. You’ll graduate ready to prepare financial information to support management decision-making, calculate performance measures, prepare budgets and forecasts, monitor accounting procedures and more.

Available in a traditional in-class format with a September admission.

 

Career Information ​​​​​​

Graduates of Fanshawe’s Professional Accounting program will have employment opportunities in many organizations, including public accounting firms, government offices, not-for-profit organizations, public and private corporations, small businesses and financial institutions. Self-employment is also an option.

Graduates will be able to:

prepare financial information to support management decision-making;

  • prepare financial statements and related disclosures;
  • calculate and report on financial and non-financial performance measures;
  • support the development and maintenance of the organization’s management control and risk management systems;
  • monitor and recommend improvements to accounting procedures, accounting information systems and internal controls;
  • monitor cash flow and cash flow requirements;
  • prepare budgets and forecasts;
  • prepare information for external auditors;
  • support the auditor in planning and executing the audit; and
  • help prepare tax filings and comply with remittance requirements.

 

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 Professional Accounting program:

Accounting Clerk

Responsible for matching invoices to purchase orders, performing data entry and reconciling bank statements with the general ledger.

Accounts Payable Clerk

Responsible for processing invoices and cheque requisitions for payment.

Bookkeeper

Assist with payroll, contractors, accounts receivable, accounts payable, internal manufacturing projects, fiscal year-end, HST/GST return preparation and subsidy applications using commercial software.

Learning Outcomes

The graduate has reliably demonstrated the ability to

1. Integrate ethical decision making processes into all aspects of the accounting profession.
2. Apply recognized accounting principles to the systematic recording of transactions relating to assets, liabilities, owners’ equity, revenue and expenses.
3. Prepare appropriate transactions relating to partnership and corporate business structures.
4. Prepare accurate and relevant financial statements.
5. Analyze financial and managerial accounting information to assist in decision making.
6. Formulate accurate and timely financial information using accounting software.
7. Integrate accounting information necessary for effective management decisions.
8. Compare, contrast and select, from among various methods of product and service costing, those appropriate to a financial situation.
9. Prepare effective operating budgets.
10. Utilize statistical techniques effectively in the analysis of financial information.
11. Integrate computer technologies into various business situations.
12. Calculate measures appropriate to a variety of financial management situations.
13. Recommend appropriate information systems structures, planning and usage in a business.
14. Recognize potential legal implications within a business situation.
15. Produce effective written managerial communications.
16. Evaluate the economic concepts to be applied to a business situation.

 

Program Availability

Canadian Students

Start Dates
Locations
Availability

Full Time Offerings

2022 September
London
Open

International Students

Start Dates
Locations
Availability

Full Time Offerings

2022 September
London
Open

Program Details

Program Code
PAC1

Program Coordinator:

David Moreland

Delivery
Full-Time
Credential
Ontario College Graduate Certificate
Duration
45 weeks

Admission Requirements

A Two- or Three-Year College Diploma, or a Degree
(Note: minimum 'C+' average or cumulative 2.5 GPA)
OR
Acceptable combination of related work experience and post-secondary education as judged by the College*
OR
Five years of work experience in the accounting field as judged by the College to be equivalent*

Note:

  • *Applicants may be required to submit a resume and cover letter that includes details of work experience.
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 88 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 6.5 with no score less than 6.0 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 70 with no score less than 60 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 59, 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 176 with no language skill less than 169, with test results within the last two years
  • An English Language Evaluation (ELE) at Fanshawe College with a minimum score of 75% 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 9 or 75% in ESL4/GAP5 Level 10
Recommended Academic Preparation

Recommended Academic Preparation

It is highly recommended that students be proficient in the following areas before entry into the program:

  • Mathematics
  • Business Communication
  • Computer applications, particularly Microsoft Word, Excel and PowerPoint
Recommended Personal Preparation

Recommended Personal Preparation

Students are advised to prepare for a very rigorous and intensive program of study.
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 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

Tuition Summary

London

Canadian Costs
$6,667.76
Total Cost of Program
International Costs
$23,978.27
Total Cost of Program

*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.

 

Courses

Level 1
Take all of the following Mandatory Courses:
ACCT-6001Financial Accounting-Intro5
This is an introductory accounting course that will give students an overview of the accounting cycle and the preparation of financial statements. Topics include basic accounting concepts, recording transactions, adjusting entries, preparing and analyzing financial statements. Students will also be introduced to accounting for certain asset and liability accounts.
COMM-6019Advanced Professional Communication3
This course focuses on refining and advancing students workplace communication abilities. The advanced communication documents and strategies covered include presentation skills, research skills, business document writing, meeting and management team strategies, business etiquette, and advanced employment communications. Additionally, students learn about interpersonal and intercultural communication (high/low and monochromic/polychromic context) concepts and strategies.
ECON-6004Economics3
This course will utilize cases to examine key economic concepts. Topics will include both microeconomic and macroeconomic issues. Emphasis will ensure that students are able to evaluate the economic concepts to be applied to a business situation.
MATH-6002Math for Business3
This course will cover a wide range of mathematical concepts that are integral to accounting principles and analysis of information. Students will utilize appropriate computer software to assist in calculations and analysis.
LAWS-6038Business Law3
This course is an introductory survey of Canadian Business Law and in particular the law in Ontario. Topics covered include: the constitution and court system, alternative dispute resolution, torts (particularly negligence and professional responsibility), contracts, sale of goods and consumer protection legislation, property (personal, real, and intellectual), security interests, agency, forms of business organization, the legal aspects of credit, and employment law. The purpose of the course is to enhance the students' decision-making ability with respect to various business transactions and, with regard to ethical considerations, help identify, manage and control legal issues that arise in a business setting.
ACCT-6002Accounting Software3
ACCT-6002 is a practical approach to capturing, processing and communicating accounting data using popular accounting software, (specifically Microsoft Excel and Sage 50). The content of lessons, assignments, projects and tests are based on the practice(s) found within the profession of Canadian accounting.
View all courses

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