Business - Accounting

Program: BACT
Credential: Ontario College Diploma, Co-op
Delivery: Full-time
Work Integrated Learning: 2 Co-op Work Terms
Length: 4 Semesters, plus 2 work terms
Duration: 2 Years
Effective: Fall 2017, Winter 2018
Location: Barrie

Description

An accounting education helps you to understand “the numbers” which is critical to the success of every type of business. If you are a logical thinker and enjoy the challenge of unravelling the mystery of numbers then this program is for you. In this increasingly complex and competitive business environment, accounting skills are very much in demand.

The program provides a foundation in all of the functional business areas and a comprehensive education in specific accounting practices and theory. Through a strong focus on application both in the classroom and through co-op work terms, students develop the skills needed for success in the business world; analytical thinking, problem solving, communication and teamwork. Students graduate ready to enter the workforce and support the accounting activities of any organization.

Career Opportunities

Graduates work in a broad range of employment settings in all sectors of business and industry, including banks and other financial institutions, government offices, public accounting firms, small business, self-employment, tax preparation firms, financial planning firms, manufacturing firms, and non-profit organizations.

Program 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 management 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;
  • develop strategies to assist an entrepreneur in making sound business decisions applicable to accounting, finance and taxation;
  • employ environmentally sustainable practices within the profession.

Practical Experience

Co-operative Education is a mandatory component of all Co-op programs at Georgian College; it has been designed as a process by which students integrate their academic education with work experience related to their programs of study. This integration affects much more than simply earning a salary, including the adjustment to the work environment and the development of professionalism. It also reinforces skills and theory learned during academic semesters, develops professional contacts, job knowledge and career path, improves human relations and communication skills, and promotes personal maturity and financial independence.

Students are requested to register, attend and participate in their scheduled co-operative education classes. These classes are scheduled for all first year students and are expected to be completed in order for students to proceed successfully to their first co-op work experiences. To ensure students are eligible to proceed onto any co-op work experience, students should refer to Promotional Status and Eligibility for Co-op as outlined in the College Calendar. Co-op policies and procedures can be located on our website:
www.georgiancollege.ca/student-services/co-op-and-career-services/students-tab/

Georgian College follows the Co-operative Education guidelines set out by the Canadian Association for Co-operative Education (CAFCE) and Education at Work Ontario (EWO) by supporting the learning outcomes designed for the program specific graduate profile and curriculum as set out by the Ministry of Advanced Education and Skills Development.

External Recognition

Students can pursue the Ontario Chartered Professional Accountant designation (CPA) upon completion of a university degree recognized by CPA. CPA Ontario will recognize college level credits that have been transferred to a CPA recognized university degree program towards the Prerequisite Education Program (PREP) level of the CPA requirements. Additional information can be found at: http://www.cpaontario.ca/

Students can also meet all of the prerequisite education requirements for the Advanced Certificate in Accounting and Finance (ACAF) credential offered through CPA. Additional information can be found at: http://www.gocpaontario.ca/programinfo/acaf?isTable=true

The Program Progression

Fall Intake

  • Sem 1: Fall 2017
  • Sem 2: Winter 2018
  • Work Term 1: Summer 2018
  • Sem 3: Fall 2018
  • Work Term 2: Winter 2019
  • Sem 4: Summer 2019

Winter Intake

  • Sem 1: Winter 2018
  • Sem 2: Summer 2018
  • Sem 3: Fall 2018
  • Work Term 1: Winter 2019
  • Sem 4: Summer 2019
  • Work Term 2: Fall 2019

Articulation

A number of articulation agreements have been negotiated with universities and other institutions across Canada, North America and internationally. These agreements are assessed, revised and updated on a regular basis. Please contact the program co-ordinator for specific details if you are interested in pursuing such an option. Additional information can be found on our website at http://www.georgiancollege.ca/admissions/credit-transfer/

Admission Requirements

OSSD or equivalent with

  • Grade 12 English (C or U)
  • any Grade 111 or 12 Mathematics (C, M, or U)
1

Minimum of 60% in Grade 11 College or University level Mathematics (MBF3C or MCF3M)

Mature students, non-secondary school applicants (19 years or older), and home school applicants may also be considered for admission. Eligibility may be met by applicants who have taken equivalent courses, upgrading, completed their GED, and equivalency testing. For complete details refer to: www.georgiancollege.ca/admissions/policies-procedures/

Applicants who have taken courses from a recognized and accredited post-secondary institution and/or have relevant life/learning experience may also be considered for admission; refer to the Credit Transfer Centre website for details:
www.georgiancollege.ca/admissions/credit-transfer/

Graduation Requirements

18 Mandatory Courses
2 Communications Courses
1 Optional Course
3 General Education Courses
2 Co-op Work Terms

Graduation Eligibility

To graduate from this program, the passing weighted average for promotion through each semester, from year to year, and to graduate is 60%. Additionally, a student must attain a minimum of 50% or a letter grade of P (Pass) or S (Satisfactory) in each course in each semester unless otherwise stated on the course outline.

Mandatory Courses
ACCT 1000Financial Accounting Principles 1
ACCT 1001Financial Accounting Principles 2
ACCT 1014Applied Accounting Applications
ACCT 2000Cost Accounting 2
ACCT 2001Intermediate Accounting 1
ACCT 2002Intermediate Accounting 2
ACCT 2003Cost Accounting 1
BUSI 1001Introduction to Organizational Behaviour
BUSI 1019Payroll Administration
COMP 1003Microcomputer Applications
ECON 1000Microeconomics
ECON 2000Macroeconomics
FNCE 2002Taxation
FNCE 2010Financial Management
LAWS 2000Business Law
MATH 1002Mathematics of Finance
MKTG 1000Introduction to Marketing
STAT 2000Statistics 1
Communication Courses
Select 2 courses from the communications list during registration.
General Education Courses
Select 3 courses from the general education list during registration.
Optional Course
Select 1 course from the available list during registration. Program options may include:
ACCT 3003Intermediate Accounting 3
HURM 1000Human Resources Management Foundations
Co-op Work Terms
COOP 1008Business Work Term 1
COOP 2025Business Accounting Work Term 2

Information contained in College documents respecting programs is correct at the time of publication. Academic content of programs and courses is revised on an ongoing basis to ensure relevance to changing educational objectives and employment market needs. The college reserves the right to add or delete programs, options, courses, timetables or campus locations subject to sufficient enrolment, and the availability of courses.