Accounting

Program Description

The Accounting (ACC) program provides you with a sound knowledge of accounting practice and related technology applications, and prepares you with skills to work immediately after graduation.

You’ll benefit from courses delivered using hands–on computer applications, including extensive use of Microsoft Excel spreadsheets and Access relational database management software. You’ll also be encouraged to combine your program of study with meaningful summer work experience.

ACC will introduce you to the modern technological environment of business decisions using a mid–level accounting software of an ERP system (e.g. MS Business Dynamics) and an entry–level accounting software (e.g. Simply Accounting).

Program Learning Outcomes:

This Seneca College program meets the system-wide standards as set by the Ministry of Training, Colleges and Universities.

As a graduate, you will be prepared to reliably demonstrate 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.

Essential Employability Skills:

Graduates of this program are also expected to demonstrate the essential employability skills learning outcomes as outlined on the Ministry of Training, College and Universities website.

Admission Requirements

Program Eligibility:

• Ontario Secondary School Diploma with a majority of senior credits at the College Preparation (C), University Preparation (U) or University/College Preparation (M) level or Mature Student Status (age 19 or older)
• Grade 12 English: ENG4(C) or ENG4(U)
• Grade 12 Mathematics: (C) or (U) or Grade 11 Mathematics: (U) or (M)

Applicant Selection:

• Applicant grades in pre–requisite subjects (or their equivalents) may be used as a basis for the selection of candidates.

The Importance of Learning Skills:

Student success in college requires well developed learning skills (such as being able to work independently, participate in a team, be well–organized, develop good work habits, and show initiative). These skills are as important as prior academic achievement. While it is expected that applicants would have developed these skills through previous education and life experiences, Seneca offers support to assist students with further development of these important skills. Seminars, workshops and tutoring are available at Seneca's Learning Centres.

Fees

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Your Career

Start your career as a Small Business Accountant, Accounts Payable/Receivable Analyst, General Accounting Co–ordinator, Accounting Technician, Payroll Administrator, Tax Return Specialist or Junior Corporate Accountant. Our two–year Accounting diploma program will prepare you for a range of challenging entry–level accounting positions in virtually every segment of the Canadian and global economy.

Pathways to Certification and a Degree

Upon graduation, you may qualify for transfer to the second year of the Seneca International Accounting and Finance (IAF) degree.

You may also qualify to enrol in the Seneca Professional Accounting Practice (PRA) graduate certificate program, where you may acquire Level 1 to 3 of the CGA in one year.

Please see details of these pathways in the diagram titled “Pathways to Certification and a Seneca Degree” or contact the applicable Program Co–ordinator or our School Student Advisor.

Please visit our website for more information and admission requirements for these highly affiliated programs:

• Accounting and Finance (ACF) Advanced Diploma
• Accounting and Payroll (APP) Diploma
• Professional Accounting Practice (PRA) Graduate Certificate
• International Accounting and Finance (IAF) Degree

Transfer Options With Seneca

The School of Accounting and Financial Services offers seamless transfer to a multitude of degree, diploma and certificate programs, given a common first year in most diploma and certificate programs within the Faculty of Business.

Diploma to Degree... and Beyond

Through transfer agreements and institution partnerships, graduates of this Seneca College program may be eligible for credit at the following post-secondary institution(s):

Toronto

Ontario

Canada

U.S.

International

CGA Ontario Learning Centre

Grow your accounting and finance skill set in a space dedicated to supporting and engaging Seneca students, whether at the introductory or advanced levels of their accounting studies. Academic support is offered in partnership with the Certified General Accountants of Ontario. Located in the Newnham Campus Learning Centre.

Curriculum

* Common First Semester or Year for Accounting (ACC), Accounting and Finance (ACF) and Accounting and Payroll (APP) students.

Note: To proceed to Semester 3, students must have completed or be registered in EAC150.

Pathways to Certification and a Seneca Degree *

* Please contact the applicable Program Co-ordinator or Student Advisor for more details.

Contact Us

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• Canadian Students
• International Students