Professional Accounting
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Program Overview
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.
Program Details
Program Code
PAC1
Credential:
Ontario College Graduate Certificate
Duration
45 weeks
Start Dates
Locations
Availability
Full Time Offerings
2023 September
London
Open
2022 September
London
Closed
Start Dates
Locations
Availability
Full Time Offerings
2022 September
London
Closed
2023 September
London
Closed
Your Learning Experience
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.
Laptop requirements
Please note, a laptop is recommended for this program. 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 preferred requirements, visit the Laptop Requirements page on the Fanshawe CONNECTED website.
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.
Academic School
Program Coordinator:
Joanne Lansink
Academic Advisor:
Ingrid Amezquita Montoya
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
| Test | Score |
|---|---|
| TOEFL iBT | 88 |
| IELTS Academic | Overall score of 6.5 with no score less than 6.0 in any of the four bands |
| CAEL | Overall score of 70 with no score less than 60 in any of the four bands |
| PTE Academic | 59 |
| Cambridge English | Overall score of 176 with no language skill less than 169 |
| ESL4/GAP5 | Minimum grade of 80% in Level 9, 75% in Level 10 |
| Duolingo | Overall score of 115, with no score lower than 95 |
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:
- 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
Courses
| Level 1 | ||||
| Take all of the following Mandatory Courses: | ||||
| ACCT-6001 | Financial Accounting-Intro | 5 | ||
| 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-6019 | Advanced Professional Communication | 3 | ||
| 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-6004 | Economics | 3 | ||
| 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-6002 | Math for Business | 3 | ||
| 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-6038 | Business Law | 3 | ||
| 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-6002 | Accounting Software | 3 | ||
| 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. | ||||
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.