The Fanshawe Business – Accounting program will connect you to business leaders and introduce you to business principles and accounting concepts. Through this accounting co-op, you'll learn to examine business from multiple angles, and how to maximize your unique skill set. You'll be taught by industry professionals who work in the field, teaching 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 or May admissions.

Co-operative Education is a process that combines your studies with paid, related work experience. Fanshawe will be there to help you find the right business fit for your dream. You'll have access to consultants who will deliver classes, counsel and advise you as you move from the classroom to the real business world.

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. Interested in travel abroad? You can do that, too. In the business world, mobility is often the key to success.

Professional certification

CPA Chartered Professional Accountants Ontario. Subject to grade requirements, graduates will have also completed all of the prerequisite courses required for entry into CPA Canada's Advanced Certificate in Accounting and Finance, as well as one technical course and one applied course. See CPA Ontario for details.

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.

Admission Requirements - 2019/2020

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)
      ORAcademic 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)
      ORMature 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 550 for the paper-based test (PBT), or 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

Level 1

Take all of the following Mandatory Courses:

  • Principles of Accounting 1
  • Principles of Marketing 1
  • Business Math
  • Strategies for Success
  • Reason & Writing-Business 1
  • Introduction to Business Processes
  • Co-operative Education Employment Prep

Level 2

Take all of the following Mandatory Courses:

  • Applied Computer App's for Accounting 1
  • Principles of Accounting 2
  • Professional Communication
  • Financial Math
  • Economics 1
  • Applied Computer App's for Accounting 2

Level 3

Take all of the following Mandatory Courses:

  • Economics 2
  • Organizational Behaviour
  • Statistics 3
  • Taxation 1-Personal Tax 5
  • Accounting 1-Inter

Level 4

Gen Ed - Take a 3 credit General Education elective course

Take all of the following Mandatory Courses:

  • Accounting 2-Inter
  • Cost Accounting 1
  • Taxation 2-Personal Tax 3
  • Business Information Systems
  • Business Law 3
  • Corporate Finance 1

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.

Career Opportunities

Graduates of the Business - Accounting (Co-op) 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.

Program Description

Business - Accounting (Co-op) is a two-year Ontario College Diploma program with a co-operative education component (laptop required for the second term 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 (Co-op) 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.
  • Students entering Level 1 of Business - Accounting (Co-op) 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 (Co-op) 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 (Co-op) 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.
  • 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

In order to be eligible for co-op, students must maintain a 2.5 GPA and be academically complete at the commencement of their co-op work term.

This is a two-year Co-operative Education program. Students who fulfill both the academic and co-op requirements of the program will be eligible to graduate with a Co-op Endorsed Diploma. More information about co-operative education can be found at www.fanshawec.ca/co-op.

Applicants seeking a non-Co-op Endorsed Diploma should apply to the Business - Accounting program, Program Code BAC2.

Learning Outcomes

The graduate has reliably demonstrated the ability to:

  • Record financial transactions in compliance with Canadian Generally Accepted Accounting Principles for sole proprietorships, partnerships, private enterprises, publicly accountable enterprises, and non-profit organizations.
  • Prepare and present financial statements, reports and other documents in compliance with Canadian Generally Accepted Accounting Principles for sole proprietorships, partnerships and private enterprises.
  • Contribute to recurring decision-making by applying fundamental managerial accounting concepts.
  • Prepare individuals' income tax returns and basic tax planning in compliance with relevant legislation and regulations.
  • Analyze organizational structures, the interdependence of functional areas, and the impact those relationships can have on financial performance.
  • Analyze, within a Canadian context, the impact of economic variables, legislation, ethics, technological advances and the environment on an organization's operations.
  • Outline the elements of an organization's internal control system and risk management.
  • Contribute to recurring decision-making by applying fundamental financial management concepts.
Program taught in:
  • English

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Last updated October 3, 2019
This course is Campus based
Start Date
Jan 2020
Feb 2020
Duration
2 years
Full-time
Price
7,933 CAD
Total fees due per term for international students. These fees are subject to change.
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Amanda Benetton | Business - Accounting Student Testimonial | Fanshawe International