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 2022, Winter 2023
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:

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

Practical Experience

All co-operative education programs at Georgian contain mandatory work term experiences aligned with program learning outcomes.  Co-op work terms are designed to integrate academic learning with work experience, supporting the development of industry specific competencies and employability skills.

Georgian College holds membership with, and endeavours to follow, the co-operative education guidelines set out by the Co-operative Education and Work Integrated Learning Canada (CEWIL) and Experiential and Work-Integrated Ontario (EWO) as supported by the Ministry of Colleges and Universities.

Co-op is facilitated as a supported, competitive job search process. Students are required to complete a Co-op and Career Preparation course scheduled prior to their first co-op work term. Students engage in an active co-op job search that includes applying to positions posted by Co-op Consultants, and personal networking.  Co-op work terms are scheduled according to a formal sequence that alternates academic and co-op semesters as shown in the program progression below.

Programs may have additional requirements such as a valid driver’s license, strong communication skills, industry specific certifications, and ability to travel. Under exceptional circumstances, a student may be unable to complete the program progression as shown below. Please refer to Georgian College Academic Regulation 3.2.7: Changes in program, course, section or co-op, for details.

International co-op work terms are supported and encouraged, when aligned with program requirements.

Further information on co-op services can be found at www.GeorgianCollege.ca/co-op

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: https://www.cpaontario.ca/earn-your-acaf/complete-your-acaf/acaf-approved-course-charts

Program Progression

The following reflects the planned progression for full-time offerings of the program.

Fall Intake 

  • Sem 1: Fall 2022
  • Sem 2: Winter 2023
  • Work Term 1: Summer 2023
  • Sem 3: Fall 2023
  • Work Term 2: Winter 2024
  • Sem 4: Summer 2024

Winter Intake 

  • Sem 1: Winter 2023
  • Sem 2: Summer 2023
  • Sem 3: Fall 2023
  • Work Term 1: Winter 2024
  • Sem 4: Summer 2024
  • Work Term 2: Fall 2024

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)

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/academic-regulations/

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 Program Courses
2 Communications Courses
1 Program Option 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.

Program Tracking

The following reflects the planned course sequence for full-time offerings of the Fall intake of the program. Where more  than one intake is offered  contact the program co-ordinator for the program tracking.

Plan of Study Grid
Semester 1Hours
Program Courses  
ACCT 1000 Financial Accounting Principles 1 42
BUSI 1001 Introduction to Organizational Behaviour 42
COMP 1003 Microcomputer Applications 42
MATH 1002 Mathematics of Finance 42
MKTG 1000 Introduction to Marketing 42
Communications Course  
Select 1 course from the communications list during registration. 42
 Hours252
Semester 2
Program Courses  
ACCT 1001 Financial Accounting Principles 2 42
ACCT 1014 Applied Accounting Applications 42
ECON 1000 Microeconomics 42
STAT 2000 Statistics 1 42
Communications Course  
Select 1 course from the communications list during registration. 42
General Education Course  
Select 1 course from the general education list during registration. 42
 Hours252
Semester 3
Program Courses  
ACCT 2001 Intermediate Accounting 1 42
ACCT 2003 Cost Accounting 1 42
BUSI 1019 Payroll Administration 42
ECON 2000 Macroeconomics 42
FNCE 2002 Taxation 42
General Education Course  
Select 1 course from the general education list during registration. 42
 Hours252
Semester 4
Program Courses  
ACCT 2000 Cost Accounting 2 42
ACCT 2002 Intermediate Accounting 2 42
FNCE 2010 Financial Management 42
LAWS 2000 Business Law 42
General Education Course  
Select 1 course from the general education list during registration. 42
Program Option Course  
Select 1 course from the available list during registration. 42
 Hours252
 Total Hours1008
Plan of Study Grid
Co-op Work TermsHours
COOP 1008 Business Work Term 1 (Fall intake - occurs after Semester 2, Winter intake - occurs after Semester 3) 560
COOP 2025 Business Accounting Work Term 2 (Fall intake - occurs after Semester 3, Winter intake - occurs after Semester 4) 560
 Hours1120
 Total Hours1120
Program options may include:
ACCT 3003Intermediate Accounting 3
HURM 1000Human Resources Management Foundations

Graduation Window

Students unable to adhere to the program duration of two years (as stated above) may take a maximum of four years to complete their credential. After this time, students must be re-admitted into the program, and follow the curriculum in place at the time of re-admission.

Disclaimer: The information in this document 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. 

Program outlines may be subject to change in response to emerging situations, in order to facilitate student achievement of the learning outcomes required for graduation. Components such as courses, progression, coop work terms, placements, internships and other requirements may be delivered differently than published.

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