Diploma in Business - Accounting (Co-op)

This diploma in accounting will teach you how to examine business from multiple angles and how to maximize your unique skill set. Industry professionals who work in the business accounting field will teach you how to balance the books in the manufacturing and merchandising sectors, banks, and other financial institutions. You’ll also learn how to analyze numbers in public accounting firms and federal, provincial, and municipal government offices by using cutting-edge accounting software.

Your Learning Experience

This two-year diploma in accounting is designed to prepare graduates to work in an accounting environment at the entry or intermediate accounting level. This accounting diploma program starts with accounting fundamentals and then moves to detailed accounting principles and concepts, including computerized accounting. When you graduate, you’ll have the skills required for success in a corporate accounting department in a variety of industries, including manufacturing, merchandising, small business accounting, banks, and other financial institutions.

You’ll 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.

Laptop requirements

Please note, this program requires a laptop. 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.

The graduate has reliably demonstrated the ability to:

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

Courses

Level 1

Take all of the following Mandatory Courses:

• ACCT-1100 ---- Principles of Accounting 1
• MKTG-1012 ---- Principles of Marketing 1
• MATH-1052 ---- Business Math
• BUSI-1060 ---- Strategies for Success
• WRIT-1032 ---- Reason and Writing Business 1
• BUSI-1005 ---- Introduction to Business Processes

Level 2

Take all of the following Mandatory Courses:

• ACCT-1097 ---- Applied Computer Application for Accounting 1
• ACCT-1011 ---- Principles of Accounting 2
• COMM-3020 ---- Professional Communication
• MATH-1175 ---- Financial Math
• ECON-1002 ---- Economics 1
• ACCT-1098 ---- Applied Computer Application for Accounting 2

Level 3

Take all of the following Mandatory Courses:

Group 1

• ECON-1005 ---- Economics 2
• MATH-1045 ---- Statistics
• FINA-3043 ---- Taxation 1 Personal Tax
• ACCT-3036 ---- Accounting 1 Inter

Group 2

Students will be enrolled in one of the following courses:

MGMT-3041 or INNV-1001

• MGMT-3041 ---- Organizational Behaviour
• INNV-1001 ---- Innovation Applications

Level 4

General Education - Take a 3-credit General Education elective course

Take all of the following Mandatory Courses:

• ACCT-3050 ---- Accounting 2 Inter
• ACCT-3022 ---- Cost Accounting 1
• FINA-3044 ---- Taxation 2 Personal Tax
• SYST-3002 ---- Business Information Systems
• LAWS-3041 ---- Business Law
• MGMT-3011 ---- Project Management

General Education - 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

Graduates of Fanshawe’s Business – Accounting program are prepared for a variety of entry-level positions in the public, private, or not-for-profit sectors, including accounting assistant, junior accountant, staff accountant, bookkeeper, assistant controller, accounts payable and receivable clerk, billing administrator and tax practitioner.

Here are some examples of career opportunities for graduates of Fanshawe’s Business – Accounting program:

Senior Accountant (Analyst)

Support a charity’s analytical board by completing reconciliations, analyzing and investigating variances, and coordinating monthly and year-end reports.

Tax Collector/Deputy Treasurer

Fulfill a municipality’s tax billing and collection process, prepare financial information and return of financial statements, and facilitate the municipal payroll system and year-end audits.

Financial Analyst

Prepare journal entries and underlying schedules/sub-ledgers for accounts payable, monitor accounts payable to ensure balances are paid, and assist with financial planning and analysis.