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Overview
Program Description
This program is designed to provide students with the accounting essentials required for positions in service or manufacturing organizations. Successful students will learn to: maintain general and sub-ledgers; prepare, analyze and interpret financial statements; organize financial and management accounting information to assist with an organization's decision making process and utilize current software technology.Courses
Program Requirements
| Level 1 | ||||
| TAKE ALL OF THE FOLLOWING MANDATORY COURSES: | ||||
| Expected Availability | ||||
| Credits | Fall | Winter | Summer | |
| Principles of Accounting 1ACCT-1100 | 3 | Yes | Yes | Yes View More Details about ACCT-1100 |
| 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. | ||||
| Principles of Accounting 2ACCT-1011 | 5 | Yes | Yes | Yes View More Details about ACCT-1011 |
| 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 | ||||
| Applied Computer App's for Accounting 1ACCT-1097 | 3 | Yes | Yes | Yes View More Details about ACCT-1097 |
| 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. | ||||
| Applied Computer App's for Accounting 2ACCT-1098 | 3 | Yes | Yes | Yes View More Details about ACCT-1098 |
| 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. | ||||
| Taxation 1 Personal TaxFINA-3043 | 5 | Yes | Yes | Yes View More Details about FINA-3043 |
| This course provides the student with a basic knowledge of the structure, purpose and administration of the federal personal income tax system. | ||||
| Taxation 2 Personal TaxFINA-3044 | 3 | Yes | Yes | Yes View More Details about FINA-3044 |
| This course provides the student with a basic knowledge to complete a T1 federal income tax return. | ||||
| Program Residency | ||||
| Students Must Complete a Minimum of 6 credits in this program at Fanshawe College to meet the Program Residency requirement and graduate from this program | ||||
More Information
More Info
Learning Outcomes
- Maintain a general ledger and supporting ledgers.
- Prepare, analyze, and interpret financial statements.
- Organize information to assist with an organization's decision process.
- Utilize current software technology to prepare, analyze, and present financial data, such as corporate tax returns and T1 schedules.
- Discuss legal and ethical implications in operating a business.
- Create worksheets to analyze data and product charts and reports.
