Business - Accounting
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Program Overview
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.
Program Details
Program Code
BAC2
Credential:
Ontario College Diploma
Duration
60 weeks
Start Dates
Locations
Availability
Full Time Offerings
2025 January
London
Open
2025 May
London
Open
2025 September
London
Open
2026 January
London
Open
2026 May
London
Open
2024 September
London
Closed
Part Time Offerings
Start Dates
Locations
Availability
Full Time Offerings
2025 January
London
Open
2025 May
London
Open
2025 September
London
Open
2026 January
London
Open
2026 May
London
Open
2024 September
London
Closed
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.
Graduates who meet admission requirements are also eligible for transfer to the Business Administration - Accounting Advanced Diploma or the Honours Bachelor of Commerce (Accounting) Degree. Available in a traditional in-class format with September, January, February and May admissions or as a fully online (asynchronous) business program, full-time or part-time. A co-op version of this program is also available.
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. For more information on specific requirements, visit the Laptop Requirements page on the Fanshawe CONNECTED website.
Career Information
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.
Did you know Fanshawe consistently ranks high in graduate employment rates among large colleges in Ontario?
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, 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, assist with financial planning and analysis.
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.
Related Programs
Academic School
Program Coordinator:
Matthew Little, CPA, CMA, MBA, BA
Academic Advisor:
Ingrid Amezquita Montoya
Admission Requirements
Ontario Secondary School Diploma (OSSD), or equivalent,
or a mature
applicant with the following courses
- Grade 12 English (C or U)
- Grade 11 Math (C, U or M - minimum of 60%), or Grade 12 Math
(C or U)
Students who do not meet the admission requirements are
recommended for academic
upgrading. A conditional offer may be possible with proof of
enrolment. Alternatively, applicants missing the required courses
may want to consider our one-year Business
Fundamentals preparatory program. Upon graduation, students can
enter level 2 of any business diploma program in the Lawrence
Kinlin School of Business.
Note:
Graduates of this program may choose to transfer into
Fanshawe's Business
Administration - Accounting Advanced Diploma or
the Honours
Bachelor of Commerce (Accounting) Degree programs after
completing the bridging
requirements.
International Admission Equivalencies
Admission equivalencies for Fanshawe depends on your country of study. Please enter your location to see the requirements for your country below.
English Language Requirements
English Language Requirements
| Test | Score |
|---|---|
| TOEFL iBT | 79 |
| IELTS Academic | Overall score of 6.0 with no score less than 5.5 in any of the four bands |
| CAEL | Overall score of 60 with no score less than 50 in any of the four bands. score of 80 in listening |
| PTE Academic | 53 |
| Cambridge English | Overall score of 169 with no language skill less than 162 |
| ESL4/GAP5 | Minimum grade of 80% in Level 8, 75% in Level 9, or 70% in Level 10 |
| Duolingo | Overall score of 105, with no score lower than 95 |
Recommended Academic Preparation
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 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
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
Applicant Selection Criteria
Where the number of program eligible applicants exceeds
available spaces, the Applicant Selection Criteria for this program
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
Post-Admission Requirements
Post-Admission Requirements
Courses
| Level 1 | ||||
| Take all of the following Mandatory Courses: | ||||
| ACCT-1100 | Principles of Accounting 1 | 3 | ||
| 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. | ||||
| MKTG-1012 | Principles of Marketing 1 | 3 | ||
| This course is designed to provide an overview of the decisions that face Marketers in today's fast-paced and competitive business environment. Students will learn that marketing is not only advertising but a broad set of activities designed to satisfy consumer needs and wants. Students examine the information Marketers require for effective decision-making and learn the basic elements of the marketing planning process. | ||||
| MATH-1052 | Business Math | 3 | ||
| This course provides a review of basic arithmetic and algebra as well as providing students with mathematical tools and concepts needed for other college courses and in future employment. This course is to prepare students for later courses in Marketing, Business, Financial Planning, Accounting, Purchasing and Insurance. | ||||
| BUSI-1060 | Strategies for Success | 1 | ||
| This course presents and helps to develop some of the skills required to achieve academic and career success. Areas of focus include college resources, study skills, time management, academic integrity, emotional self-awareness and social skills development. Additionally, emphasis is placed on career readiness and preparation. | ||||
| WRIT-1032 | Reason & Writing Business 1 | 3 | ||
| This course will introduce business students to essential principles of reading, writing, and reasoning at the postsecondary level. Students will identify, summarize, analyze, and evaluate multiple short readings and write persuasive response essays to develop their vocabulary, comprehension, grammar, and critical thinking. | ||||
| BUSI-1005 | Introduction to Business Processes | 3 | ||
| This course explores the various functional areas of business in Canada and demonstrates the interrelationship among these areas. Students are introduced to many concepts, including major business trends, the role of government in business, marketing, operations, employee-management issues, financial resources management, business ethics and social responsibility. | ||||
Tuition Summary
London
Online
*Total program costs are approximate, subject to change and do not include the health and dental plan fee, bus pass fee or program general expenses.