BUSINESS - ACCOUNTING
Program Outline
Major: BACN
Length: 2 Years
Delivery: 4 Semesters
Credential: Ontario College Diploma
Effective: 2011-2012
Location: Barrie
Start: Fall + Winter
Description
This program introduces students to the various functional aspects of business in general, and accounting in particular. Graduates are able to apply computer, communication, and mathematical skills and employ management accounting techniques to support accounting activities, including the maintenance of accounting records and the preparation of financial statements and individual tax returns.
In order to broaden the program choices, all General, Accounting and Marketing students, whether they are in a two-year or the three-year diploma program, will share a common first semester. Students will take five mandatory courses in that semester, and will have a choice of which General Education course they wish to take. The curriculum for this common first semester is as follows:
Code and Course Name
ACCT 1000 Financial Accounting Principles 1
BUSI 1001 Organizational Behaviour
COMM 1000 College Communications
or COMM 1001 Communications at Work
MKTG 1000 Introduction to Marketing
MATH 1002 Mathematics of Finance
General Education Elective
Career Opportunities
Graduates of Business - Accounting and Business Administration - Accounting Programs 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:
- maintain paper and electronic accounting records and prepare financial statements for sole proprietorships, partnerships, and corporations in accordance with Generally Accepted Accounting Principles;
- employ management accounting techniques in the planning, directing, and controlling of an enterprise;
- prepare routine tax returns for individuals ensuring compliance with relevant legislation and regulations;
- use mathematical techniques to support the financial management of a business organization including the preparation of financial information;
- apply computer skills and knowledge of accounting information systems to support the accounting function including maintaining accounting records and preparing financial statements and reports;
- recognize the impact of the operations of functional areas of an organization on its financial performance;
- recognize, within the context of the Canadian business environment, the impact of factors such as economic variables, legislation, and ethics on business operations;
- apply contemporary business communications practices and effective interpersonal skills to support the accounting function;
- employ environmentally sustainable practices within the profession.
Program Progression
Fall Intake
Sem 1 - Fall 2011
Sem 2 - Winter 2012
Sem 3 - Fall 2012
Sem 4 - Winter 2013
Winter Intake
Sem 1 - Winter 2012
Sem 2 - Summer 2012
Sem 3 - Fall 2012
Sem 4 - Winter 2013
Note: To confirm Winter (January) start, contact the Office of the Registrar.
Articulation Agreements
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 www.georgianc.on.ca/academics/articulations/
.
External Recognition
Certified General Accountants Association (CGA)
The CGA Association recognizes Georgian College courses for advanced standing into the CGA Program of Study. A graduate from the Business - Accounting (2 yr.) program is eligible to apply for exemptions from 6 CGA courses. For further information, please contact Andrew Dykstra, CMA at (705) 728-1968 extension 1489 or consult the Association's web site at:
https://cga-ontario.org/Prospective_Students/Post_secondary/College/Transfer_Credits.aspx
Admission Requirements
Applicants following the OSS curriculum must have an Ontario Secondary School Diploma (OSSD - 30 credits) or equivalent. Applicants following the OSS curriculum must also have Grade 12 English (C) or (U) (ENG4C, ENG4U) and any Grade 11* or 12 College Mathematics (MBF3C, MAP4C or MCT4C), or any Grade 11* or 12 University Mathematics.
*Minimum of 60% in Grade 11 College Mathematics (MBF3C) or any Grade 11 University Mathematics.
Applicants who are 19 years of age or over by the first day of classes, and who lack the academic entrance qualifications, may be considered for entrance to an appropriate post-secondary diploma or certificate program as mature applicants. Each applicant will be considered on an individual basis and acceptance will be determined by counselling, Communication Placement Assessment (CPA), previous post-secondary education and evaluation of experience. Some programs also have specific prerequisite requirements that must be met prior to admission. Mature applicants must meet all program specific prerequisites. Those applying as mature students and having no documentation of Grade 12 education must supply, if required, proof of age, such as a copy of an official birth certificate or driver's licence. Refer to Section 2.5 and 2.6 of the Academic Calendar for further details.
Graduation Requirements
19 Mandatory Courses
2 Communications Courses
3 General Education Courses
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.
Mandatory
ACCT1000 Financial Accounting Principles 1
ACCT1001 Financial Accounting Principles 2
ACCT1002 Computerized Accounting
ACCT2000 Cost Accounting 2
ACCT2001 Intermediate Accounting 1
ACCT2002 Intermediate Accounting 2
ACCT2003 Cost Accounting 1
ACCT3004 Accounting Information Systems
BUSI1001 Introduction to Organizational Behaviour
COMP1003 Microcomputer Applications
ECON1000 Microeconomics
ECON2000 Macroeconomics
FNCE2002 Taxation
FNCE2010 Financial Management
HURM1000 Human Resource Management Foundations
LAWS2000 Business Law
MATH1002 Mathematics of Finance
MKTG1000 Introduction to Marketing
STAT2000 Statistics 1
The descriptions that follow provide brief outlines of the courses. Please note that some courses have prerequisite and/or corequisite requirements not shown here, that need to be met in order to enroll in the course. You will be advised of any requisite requirements during the registration process, or you can contact the academic area for further details.
Communications
COMM1001 Communications at Work
Plus one addition communications to be selected from College list
(Note: this is in addition to any mandatory communications listed for the program)
General Education Courses
To be selected from College list
COURSE DESCRIPTIONS
ACCT1000 Financial Accounting Principles 1 42.0 Hours
This course provides the student with a knowledge of basic accounting procedures and theory. Students are taught the steps of the accounting cycle that result in useful information for decision makers. Also included are topics on preparation of Financial Statements, merchandising activities, accounting information systems, and internal control and cash.
ACCT1001 Financial Accounting Principles 2 42.0 Hours
This course provides students with an overview of accounting for receivables, inventories and cost of goods sold, capital assets, current and long-term liabilities, partnership accounting and accounting for corporations. The course is designed to provide students with an opportunity to interpret and apply current accounting standards in these accounting areas.
ACCT1002 Computerized Accounting 42.0 Hours
This course introduces students to a multi-module accounting software program designed for small to medium-size businesses. Students will use the software and their knowledge of Generally Accepted Accounting Principles (GAAP) to create and maintain accounting records, including period end procedures and the creation of financial statements for sole proprietorships.
ACCT2000 Cost Accounting 2 42.0 Hours
This course builds on the knowledge developed in Cost Accounting 1 with a study of budgeting, standard cost systems, performance evaluation and control techniques, and relevant costing for short and long run decision making.
ACCT2001 Intermediate Accounting 1 42.0 Hours
This course is designed to provide the student with an in-depth exposure to the Canadian accounting environment and all elements of the theoretical framework that comprises Generally Accepted Accounting Principles (GAAP). The student will learn to apply this accounting theory to revenue, expenses and current assets.
ACCT2002 Intermediate Accounting 2 42.0 Hours
This intermediate financial accounting course emphasizes the critical concepts of assets and liabilities. This course is designed to provide the students with the opportunity to identify, interpret and apply current accounting standards in the areas of: investments, capital and intangible assets; current and long term liabilities, correction of accounting errors and other accounting changes.
ACCT2003 Cost Accounting 1 42.0 Hours
This course is an introduction to Cost Accounting as a Management tool. Emphasis will be placed upon the application of cost accounting theory in the solution of problems and case studies.
ACCT3004 Accounting Information Systems 42.0 Hours
This introductory course offers students an overview of Accounting Information Systems. Through examining business processes and internal controls, this course introduces students to hardware and software of computer systems; file and database organization; networks and telecommunications; the systems development process; designing information systems solutions; internal controls; and the management of information systems. The comprehension of these essential concepts lays the foundation for students as future managers of Accounting Information Systems.
BUSI1001 Introduction to Organizational Behaviour 42.0 Hours
Organizational Behaviour is an introductory course which teaches social science theory as applied to the business world. It provides rich insights about working people in all kinds of organizations and also suggests how people may be motivated to work together more productively.
BUSI2000 Entrepreneurship and Small Business 42.0 Hours
This course deals with establishing and operating a small business. Emphasis is placed on using business techniques, acquired in previous courses, to assist in developing a
comprehensive understanding of the skills and abilities needed to succeed.
COMM1001 Communications at Work 42.0 Hours
Students develop their communication skills for the workplace. Using available technology, they research, write and edit work-related correspondence and short reports, individually and collaboratively. With audio-visual support, they prepare and deliver professional presentations that have vocational emphasis. In addition, students complete other communication tasks specific to their vocational areas.
COMP1003 Microcomputer Applications 42.0 Hours
This course introduces the student to databases, worksheets, presentation software, and word processing. The intent of this course is to provide the student with a broad introduction to business computer applications. This course provides the student with hands-on learning and independent study.
ECON1000 Microeconomics 42.0 Hours
This course provides an introduction to the principles and methods of economic analysis. The course examines how households and firms make economic decisions. It also analyzes the efficiency of scarce resource allocation under a range of market structures.
ECON2000 Macroeconomics 42.0 Hours
This course is designed to give students an understanding of how the overall economy operates and what economic indicators tell us about its health. The course explores government options for stabilizing the economy, and the impact of international trade. It is highly recommended that students take Microeconomics (ECON 1000 or equivalent) prior to taking this course.
FNCE2002 Taxation 42.0 Hours
This course introduces the student to Canadian Income Tax legislation and practice, related to the filing of personal income tax returns.
FNCE2010 Financial Management 42.0 Hours
This is an introductory course in financial management, with an emphasis on the major decisions made by the financial executive of an organization. The student studies topics in the financial management of profit-seeking organizations. A major objective is the development of analytical and decision-making skills in finance through the use of theory questions and practical problems.
HURM1000 Human Resource Management Foundations 42.0 Hours
This course provides an understanding of the modern Canadian human resources function. It covers the historical development of human resources management, the influence of government, staffing, employee relations, current trends and future issues. It provides a brief introduction to more specialized areas including compensation, training and development, employment law, industrial relations, occupational health and safety, and human resources planning.
LAWS2000 Business Law 42.0 Hours
This course covers the legal framework within which business takes place. The student learns how to avoid legal problems, and how to deal with a lawyer. Major topics include: torts, contracts, Sale of Goods, consumer protection, employment law, copyright and patent law with an emphasis on how these affect computer software and hardware.
MATH1002 Mathematics of Finance 42.0 Hours
This introductory course is designed to develop a student's ability to perform basic mathematic operations and to apply mathematical techniques to a wide range of business problems. The mathematics of compound interest and annuities forms a major component of the course.
MKTG1000 Introduction to Marketing 42.0 Hours
This is an overview course with primary focus on marketing products and services to the ultimate consumer. Emphasis is placed on the basic marketing premise that customer needs must be satisfied in order to achieve company objectives. The student gains insight into the complex and interdependent variables involved in developing successful marketing strategies. The strategic marketing planning process is introduced, along with the specific concepts and principles involved in the four key components of the marketing plan - Product, Price, Distribution, and Promotion Strategies.
STAT2000 Statistics 1 42.0 Hours
This course is designed to develop students' skills in organizing and summarizing information. It also provides an introduction to the techniques of inferential statistics (that is, drawing conclusions about populations on the basis of sample data). Students are expected to have and further develop their skills with spreadsheet software.
STAT2001 Statistics 2 42.0 Hours
This course builds on the topics covered in Statistics 1, extending hypothesis testing and other inferential techniques to a range of new problems. Applications of statistical techniques to quality and productivity management are covered. Students gain further experience with the use of computer-based statistical analysis tools.
Adults with significant life and work experience may receive credits toward a college certificate or diploma program through an assessment process.
More information about Prior Learning Assessment and Recognition (PLAR)
NOTE: 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.
Last Update: March 08, 2012.