Program Information

A meticulous art.
 
A highly functioning business counts on critical financial fundamentals that accounting brings to the table. More than number crunching, accounting is a data-driven, strategic, and ultimately impactful, practice for success, whether that be in local or global markets. Preparation is key, with planning and administering of accounting systems, reporting of financial information, examination of records, analysis of statements and more.
 
This two-year Accounting program has the goods to help you develop multiple skills in the field of general financial accounting. You will focus on developing critical thinking, communication, and problem-solving skills, with the addition of learning to interpret complex information and develop comprehensive reports that are typically presented to management. You will leave here with a learning portfolio, prepared to launch into your career or continue your educational plans.
 
If you have natural proficiency and a love for numbers and are excited about the concept of keeping a business or organization at peak operational efficiency, this field is an excellent choice for you. 
 
This is a career to count on.
 
Program Highlights 

• A six-week work exposure to hone your skills
• Training for diverse career opportunities
• Accredited by the Accreditation Council for Business Schools and Programs (ACBSP)
• Transfer credits to institutions such as Memorial University of Newfoundland (Grenfell), Athabasca University, Plymouth University and University of New Brunswick (Saint John)

 
Did You Know? 

• Canada’s accounting sector is relatively more open to foreign service providers than the average of the 48 countries evaluated in the Services Trade Restrictiveness Index.[1]
• According to Statistics Canada, the operating revenue of the accounting, tax preparation, bookkeeping and payroll services industry in Canada increased by 5.2% to $21.4 billion in 2019.
• Canada is the second largest destination market for U.S. accounting services exports and the fourth largest source of imports of accounting services to the United States.[2]
• In 2020, accounting services exports to Canada represented 9.9% of total U.S. accounting services exports and 7.1% of total U.S. accounting services imports. 

  
OBJECTIVES
Upon successful completion of the program, graduates will be able to: 

1. Apply fundamental principles of accounting to various types of financial transactions and situations including a broad understanding of international accounting standards and practices
2. Demonstrate proficiency in financial reporting that includes the preparation and analysis of financial statements for a range of businesses and organizations using both manual and computerized accounting systems
3. Use a variety of software applications and tools, including accounting software, and spreadsheet programs to assist in preparing and analyzing financial statements
4. Develop financial and budgetary plans based on varying business objectives, changing business environments, and underlying business assumptions including a solid understanding of income tax, payroll tax, and sales tax
5. Make responsible and ethical accounting decisions that align with organizational values and effectively communicate to various stakeholders using both oral and written communications methods
6. Exhibit the application of employability skills defined by the Conference Board of Canada to facilitate successful entry into the workplace and work collaboratively with team members from diverse backgrounds and skill sets to achieve common goals

 
ENTRANCE REQUIREMENTS
Eligibility for admission to Accounting program requires the applicant to meet one of the following academic criteria:
 
1.  High School
Provincial High School Graduation Certificate with a 60% overall average in the following (or equivalent):
i. English 3201 or English 3202 (60% minimum)
ii. Mathematics (4 credits) chosen from:
Advanced:  2200, 3200 (50% minimum in each course)
Academic:  2201 (50% minimum), 3201 (60% minimum)
iii. Five credits at the 3000 Level
2.  College Transition (prior to 2024, students would have completed Comprehensive Arts and Science (CAS) Transition)
College Transition Certificate with the following courses:
i. Math Fundamentals: MA1040, MA1041
3.  Adult Basic Education (ABE)
Adult Basic Education (Level III) Graduation with Business-Related College Profile including the following courses (or equivalent):
i. English 3101A, 3101B, 3101C or 3102A, 3102B, 3102C
ii. Mathematics 1101A, 1101B, 1101C, 2101A, 2101B, 2101C, 3101A, 3101B, 3101C
Applicants with Adult Basic Education (Level III) Graduation with a different Profile may be eligible for admission to the program provided the appropriate selection of courses including those outlined above have been completed.
4.  Mature Student Requirements
Applicants who do not meet the education prerequisites for this program, must be 19 years at the time of application and out of school for at least one year may be considered on an individual basis under the Mature Student Requirements; for more information regarding the Mature Student Requirements please refer to Procedure AC-102-PR Admission.

International Students – Admission Requirements and Information
1. High School
i. Proof of senior high school/secondary school Diploma/Certificate with equivalent minimum grades for the required high school courses listed above.
ii. India applicants only – Proof of senior high school/secondary school Diploma/Certificate with an equivalent Grade 10 Mathematics (50% min.) and Business/Commerce Stream.
2. English Proficiency
All international applicants must meet the College’s English language proficiency requirements for acceptance into our regular programs; for more information regarding the College’s English language proficiency requirements please refer to AC-102-PR, Admission Procedures, Section 5.2 English Proficiency.
 
CAREER OPPORTUNITIES
Graduates of this program may obtain employment in a variety of marketing areas such as

• Administrative Assistant
• Project team lead
• Finance Associate
• Financial Clerk
• Treasury Clerk
• Payroll Clerk

 
ACCREDITATION
Accounting is accredited by the Accreditation Council for Business Schools and Programs (ACBSP) in all campus locations. ACBSP is the leading specialized accreditation association for business education supporting, celebrating, and rewarding teaching excellence. 
 
PROGRAM TRANSFERABILITY
The Accounting program offers exit points after Year 1 and Year 2. 
*Students can graduate at the end of Year 1 with a Business Administration Certificate.
*Students graduate at the end of Year 2 with a Accounting Diploma.
 
Graduates of the Accounting program may have the opportunity to transfer credits to institutions/associations such as:

• Memorial University of Newfoundland, Grenfell Campus
• Athabasca University, Alberta
• Plymouth University, UK
• University of New Brunswick, Saint John Campus

 
Graduates may also wish to further their studies to achieve professional designations with:

• Canadian Institute of Financial Planning
• The Payroll Association of Canada
• Chartered Professional Accountants of Canada (CPA)

CODE	TITLE	Hrs/wk
Semester 1		Cr	Le	La
AC1260	Financial Accounting I	5	4	3
CM1240	Business Communications I	3	3	1
HN1230	Human Resource Management I	3	3	1
FN1140	Introduction to Finance	3	3	1
MC1260	Integrated Software Applications	3	2	2
MR1100	Marketing I	4	4	0
Semester 2		Cr	Le	La
AC2260	Financial Accounting II	5	4	3
CM1241	Business Communications II	3	3	1
HN1240	Human Resource Management II	3	3	1
LW1230	Business Law	3	3	0
MR2100	Marketing II	4	4	0
MC1242	Spreadsheet Essentials	3	2	3
Semester 3	Intersession	Cr	Le	La
AC2230	Computerized Accounting I	3	2	3
CM2200	Oral Communications	2	2	0
The Course and Lab hours per week are based on a 15 week semester. In intersession, the Course and Lab hours will be adjusted to reflect the shorter semester length. Refer to course outline.
Semester 4		Cr	Le	La
AC2220	Intermediate Financial Accounting I	5	3	5
AC3270	Payroll and Commodity Taxes	4	3	2
AC2250	Managerial Accounting I	4	4	1
CM2300	Report Writing	2	2	0
EC1110	Microeconomics	4	4	0
MA1670	Statistics	4	4	1
Semester 5		Cr	Le	La
AC1350	Income Tax	4	3	2
AC3220	Intermediate Financial Accounting II	5	3	5
AC3250	Managerial Accounting II	4	4	1
AC2365	Principles of Internal Auditing	3	2	2
EP2150	Entrepreneurship	3	3	0
SD2200	Work Exposure Orientation	0	1	1
Semester 6		Cr	Le	La
OJ1580	Work Exposure - Accounting	0	0	6 wks