Business – Accounting Program (B103)

2019-20202020-2021
  • Program Name:
    Business – Accounting
  • Code: B103
  • Credential:
    Ontario College Diploma
  • Method of Study:
    Full-time
  • Duration:
    2 years (4 semesters)
  • Centre:
  • School:
  • Location: St. James Campus
  • Starting Months: January, September
  • Domestic Tuition:
    $4,296.00 *

Compare up to 3 programs

Overview

Program Overview

The Business – Accounting two-year diploma program provides you with a solid background in basic accounting concepts and practices, as well as broad-based business skills related to accounting application software, spreadsheets and databases, economics, communications, law and taxation. This rigorous learning experience will enable you to build and demonstrate the skills you need to work in the field of accounting.

Full Description

The Business – Accounting two-year diploma provides you with a solid background in basic accounting concepts and practices, as well as broad-based business skills related to accounting application software, spreadsheets and databases, economics, communications, law and taxation. This rigorous learning experience will enable you to build and demonstrate the skills you need to work in the field of accounting.

These industry-ready skills include:

  • Processing common business transactions
  • Preparing reports on an organization's financial performance
  • Preparing financial budgets and plans to support management decisions
  • Analyzing operating performance

This Centre for Business program is part of our School of Accounting and Finance.

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.

Courses

Required Courses

In order to graduate from the B103 program, you need to complete 25 courses: 22 Mandatory courses, and 3 General Education Electives.

Depending on the results of your placement tests, you may be required to take COMM 1003 (English Skills) or CESL 1003 (English Skills-ESL) before progressing to COMM 1007. Similarly, you may be required to take MATH1027 (Business Math with Remediation) before progressing to MATH 1021. COMM1003/CESL 1003 and MATH 1027 do not count towards the 25 courses required for graduation, and you will be charged for these extra courses. Please speak to the Business Office staff if you need any assistance.

General Education Courses (Semester Two, Three, and Four): You must complete 4 General Education courses. 1 mandatory (“Successful Social Relations” - GHUM 1087) and 3 chosen from at least 2 of the following categories: Social Sciences (GSSC), Arts and Humanities (GHUM) or Science and Technology (GSCI).

You are required to make up any failed or dropped courses before you are eligible to graduate. You can make up these courses during the day, and some are offered in the evening through Continuing Education. Please check with the Business Office staff to ensure that the Continuing Education courses are equivalent to what is taught in the full-time program. Note that some courses may not be offered in every semester. Our staff can assist you in any special timetable requirements you may have.

SEMESTER 1

Code Courses Pre-requisite
ACCT 1001 Accounting Fundamentals 1 NONE
BUS 1038 Business Concepts I NONE
COMM 1007 College English NONE
MATH 1191 Mathematics of Finance NONE
ECON 1031 Microeconomics NONE
GHUM 1087 Successful Social Relations NONE

SEMESTER 2

Code Courses Pre-requisite
ACCT 1012 Accounting Fundamentals II ACCT 1001
COMP 1010 Business Computer Applications I NONE
ECON 1032 Macroeconomics NONE
COMM 1034 Professional Communications I COMM1007
PSY 1129 Organizational Behaviour NONE
Select One General Education Elective

SEMESTER 3

Code Courses Pre-requisite
ACCT 2001 Financial Accounting 1 ACCT 1012
ACCT 2011 Management Accounting I ACCT 1012
ACCT 2012 Accounting Application Software ACCT 1012
STS 1037 Career Planning and Development NONE
LAW 2003 Commercial Law NONE
STAT 1010 Quantitative Methods I MATH 1191
Select One General Education Elective

SEMESTER 4

Code Courses Pre-requisite
ACCT 2036 Financial Accounting II ACCT 2001
ACCT 2028 Taxation I ACCT 1001
ACCT 2013 Accounting Information Systems ACCT 1012
ACCT 3008 Finance I ACCT 2001
ACCT 2014 Management Accounting II ACCT 2011
Select One General Education Elective

General Education Electives

Articulation Agreement

George Brown College has agreements with several universities in Canada, the United States and abroad that may give you credit for your college diploma.

Career & Postgraduate Study Opportunities

Your Career

Graduates are prepared for careers in a wide range of business sectors including manufacturing, merchandising, service organizations, federal, provincial and municipal government offices, banks and other financial institutions. Graduates of the program have found employment as:

  • Accounts Analyst
  • Accounts Payable and Receivable Clerk
  • Bookkeeper
  • Customer Service Representative

Future Study Options

This two-year diploma has a pathway to the Business Administration – Accounting B107/B157 three-year advanced diploma.

For information on additional future study options, see our transfer guide.

Designations

Graduates of this program may wish to pursue other designations or credentials such as an Advanced Certificate in Accounting and Finance (ACAF). For information on the ACAF, please contact the Chartered Professional Accountants of Ontario, or visit cpaontario.ca.

Graduates of this program may also wish to pursue membership in the Association of Chartered Certified Accountants (ACCA). For more information on the ACCA please see accaglobal.com/ca.

This is an ACCA Accredited Program and provide the following ACCA exemptions:

Two Year Diploma: Business - Accounting

  • F1-F3 (On completion)

This programme will hold accreditation for a period of 5 years, for graduates from 01/01/2017 to 31/12/2021.

For more details on the ACCA and their exemptions, visit the ACCA exemptions page.

Note: The requirements for each designation/certification are set by the granting body, not George Brown College. In order to qualify for any of these designations/certifications, you need to follow the process listed on its website and meet all the requirements applicable to you.

Tuition and Fees

Tuition

$4,296.00 *

Additional Costs

*Amounts listed are the total of tuition, materials, student service and ancillary fees for the first two semesters of programs starting in fall 2020. Fees are subject to change for programs starting in fall 2021 and at later dates.

Financial Assistance

This program is approved for OSAP funding, provided the applicant meets OSAP eligibility criteria.

Disclaimer: The information contained in this website is subject to change without notice. It should not be viewed as a representation, offer or warranty. Students are responsible for verifying George Brown College fee requirements.

How to Qualify and Apply

Admission Requirements

Applicants are selected on the basis of their academic achievement, including the required courses, and any other selection criteria outlined below.

  • Ontario Secondary School Diploma or equivalent**
  • Grade 12 English (C or U)
  • Grade 11 Math (M or U) or Grade 12 (C or U)

** Mature Student status (19 years of age or older)

Mature Students may take the Admissions Assessment for English and Math, OR may consider upgrading to achieve the credit(s) needed in English and Math.

Please note that George Brown is committed to ensuring that applicants will succeed in their program of choice and meeting the minimum requirements does not guarantee admission to the program. Applicants may be required to have grades higher than the minimum requirements stated.

COURSE EXEMPTIONS

Some college and university credits may qualify you for exemptions. Please visit our transfer guide for more information.

ENGLISH LANGUAGE PROFICIENCY

Proficiency in English communications is necessary for success in this program. Please review our English proficiency requirements.

How to Apply

Domestic students should apply through Ontario Colleges.

Student Success

Student Name
Jasminka Milovanovic

George Brown College gave me an opportunity to be myself and allowed me to reach my full potential. It is very important for me to be acknowledged for my work, something that was not possible back home. Diversity and equality is greatly valued here at George Brown. Professors are amazing and all of them create an inclusive environment where all students can thrive. The Business - Accounting program offers a solid accounting foundation that is highly applicable and makes you fully prepared to enter the workforce.

Student Name
Yun Fu

George Brown College has an excellent Business – Accounting program, which offers good experience and practical knowledge and it also lays down the groundwork for your future career. With professors and other supporting people in the place to help, my questions can always be answered and explained thoroughly. It is great fun to study and make friends with people from all over the world.

Student Name
Emily Tingting Song

My learning experience at George Brown was amazing. It not only enabled me to apply the knowledge I gained in a real working environment, but it also directed me to pursue the CGA designation. The invaluable experience of being a tutor at Tutoring & Learning Centre also helped me to improve my communication and learning skills, and made me more confident in the workplace.

Student Name
Catherine Liu

The Business – Accounting program offered me strong accounting knowledge and practice, which helped me to apply them easily at work. At George Brown College, the professors are mentors that lead you to career success. This great learning experience gave me a headstart to reach out into the job market.

Contact Us

Information Sessions

On-campus information sessions are held on a regular basis. Come and have your questions answered. Learn about the program content and career options, meet your friendly professors and staff, and experience what it is like to be in a George Brown College classroom. Sign up for an upcoming session.

Domestic Student Admissions

For inquiries about domestic admission requirements, admission deadlines, or the admissions process, please contact the Admissions Office at admissions@georgebrown.ca or visit the Admissions section.

International Student Admissions

Contact one of our international recruitment representatives specializing by country of origin by either booking a virtual meeting or submitting an inquiry. For more information visit the International Contact Us page.

Fees and Financial Information

For inquiries about OSAP, Bursaries, Scholarships and other financial inquiries, please contact the Financial Aid Office at FinAid@georgebrown.ca or visit the Financial Aid section.

Entry Advising

For advice on the various program options and which program might be best suited for you, make an appointment to see an Entry Advisor. Please review these frequently asked questions.

Centre for Business

For questions regarding programs at the Centre for Business or if you require more information, please do not hesitate to contact us. Our knowledgeable staff are available to assist you.

For general inquiries, please contact the Centre for Business:
Email: business@georgebrown.ca
Phone: (416) 415-5000 ext. 2160

Business – Accounting (B103)

For inquiries related to this program (for example, course-specific information) please contact the Co-ordinator:

Rand Rowlands, Program Co-ordinator
Email: rrowland@georgebrown.ca

Sam Levy, Chair, School of Accounting and Finance
Email: Sam.Levy@georgebrown.ca

Campus tours are offered on a regular basis. Sign up today!

Social Channels:

Follow the Centre for Business on Instagram and LinkedIn

 

Visit Our Campus

This program is offered out of our School of Accounting and Finance and classes take place at our St. James Campus, predominantly at 200 King St. E., and 290 Adelaide St. E., Toronto, ON, Canada.

Campus tours are offered on a regular basis. Sign up today! You can also check out our virtual tour.

Sign up and learn more about your options, our programs, and life at George Brown.

Business – Accounting Program (B103)

2019-20202020-2021
  • Program Name:
    Business – Accounting
  • Code: B103
  • Credential:
    Ontario College Diploma
  • Method of Study:
    Full-time
  • Duration:
    2 years (4 semesters)
  • Centre:
  • School:
  • Location: St. James Campus
  • Starting Months: January, September
  • Domestic Tuition:
    $4,151.00 *

Compare up to 3 programs

Overview

Program Overview

The Business – Accounting two-year diploma program provides you with a solid background in basic accounting concepts and practices, as well as broad-based business skills related to accounting application software, spreadsheets and databases, economics, communications, law and taxation. This rigorous learning experience will enable you to build and demonstrate the skills you need to work in the field of accounting.

Full Description

The Business – Accounting two-year diploma provides you with a solid background in basic accounting concepts and practices, as well as broad-based business skills related to accounting application software, spreadsheets and databases, economics, communications, law and taxation. This rigorous learning experience will enable you to build and demonstrate the skills you need to work in the field of accounting.

These industry-ready skills include:

  • Processing common business transactions
  • Preparing reports on an organization's financial performance
  • Preparing financial budgets and plans to support management decisions
  • Analyzing operating performance

This Centre for Business program is part of our School of Accounting and Finance.

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.

Courses

Required Courses

In order to graduate from the B103 program, you need to complete 25 courses: 22 Mandatory courses, and 3 General Education Electives.

Depending on the results of your placement tests, you may be required to take COMM 1003 (English Skills) or CESL 1003 (English Skills-ESL) before progressing to COMM 1007. Similarly, you may be required to take MATH1027 (Business Math with Remediation) before progressing to MATH 1021. COMM1003/CESL 1003 and MATH 1027 do not count towards the 25 courses required for graduation, and you will be charged for these extra courses. Please speak to the Business Office staff if you need any assistance.

General Education Courses (Semester Two, Three, and Four): You must complete 4 General Education courses. 1 mandatory (“Successful Social Relations” - GHUM 1087) and 3 chosen from at least 2 of the following categories: Social Sciences (GSSC), Arts and Humanities (GHUM) or Science and Technology (GSCI).

You are required to make up any failed or dropped courses before you are eligible to graduate. You can make up these courses during the day, and some are offered in the evening through Continuing Education. Please check with the Business Office staff to ensure that the Continuing Education courses are equivalent to what is taught in the full-time program. Note that some courses may not be offered in every semester. Our staff can assist you in any special timetable requirements you may have.

Printable Curriculum Planner 2019-2020

SEMESTER 1

semester courses
Code Courses Pre-requisite
ACCT 1001 Accounting Fundamentals 1 NONE
BUS 1038 Business Concepts I NONE
COMM 1007 College English NONE
MATH 1191 Mathematics of Finance NONE
ECON 1031 Microeconomics NONE
GHUM 1087 Successful Social Relations NONE

SEMESTER 2

semester courses
Code Courses Pre-requisite
ACCT 1012 Accounting Fundamentals II ACCT 1001
COMP 1010 Business Computer Applications I NONE
ECON 1032 Macroeconomics NONE
COMM 1034 Professional Communications I COMM1007
PSY 1129 Organizational Behaviour NONE
Select One General Education Elective

SEMESTER 3

semester courses
Code Courses Pre-requisite
ACCT 2001 Financial Accounting 1 ACCT 1012
ACCT 2011 Management Accounting I ACCT 1012
ACCT 2012 Accounting Application Software ACCT 1012
LAW 2003 Commercial Law None
STAT 1010 Quantitative Methods I MATH 1191
STS 1037 Career Planning and Development NONE
Select One General Education Elective

SEMESTER 4

semester courses
Code Courses Pre-requisite
ACCT 2036 Financial Accounting II ACCT 2001
ACCT 2028 Taxation I ACCT 1001
ACCT 2013 Accounting Information Systems ACCT 1012
LAW 2003 Commercial Law NONE
ACCT 2014 Management Accounting II ACCT 2011
ACCT 3008 Finance I ACCT 1012
Select One General Education Elective

Detailed course outlines

General Education Electives

Articulation Agreement

George Brown College has agreements with several universities in Canada, the United States and abroad that will give you credit for your college diploma.

Career & Postgraduate Study Opportunities

Your Career

Graduates are prepared for careers in a wide range of business sectors including manufacturing, merchandising, service organizations, federal, provincial and municipal government offices, banks and other financial institutions. Graduates of the program have found employment as:

  • Accounts Analyst
  • Accounts Payable and Receivable Clerk
  • Bookkeeper
  • Customer Service Representative

Future Study Options

This two-year diploma has a pathway to the Business Administration – Accounting B107/B157 three-year advanced diploma.

For information on additional future study options, see georgebrown.ca/transferguide.

Designations

Graduates of this program may wish to pursue other designations or credentials such as an Advanced Certificate in Accounting and Finance (ACAF). For information on the ACAF, please contact the Chartered Professional Accountants of Ontario, or visit cpaontario.ca.

Graduates of this program may also wish to pursue membership in the Association of Chartered Certified Accountants (ACCA). For more information on the ACCA please see accaglobal.com/ca.

This is an ACCA Accredited Program and provide the following ACCA exemptions: 

Two Year Diploma: Business - Accounting

  • F1-F3 (On completion)

This programme will hold accreditation for a period of 5 years, for graduates from 01/01/2017 to 31/12/2021.

For more details on the ACCA and their exemptions, visit the ACCA exemptions page.

Note: The requirements for each designation/certification are set by the granting body, not George Brown College. In order to qualify for any of these designations/certifications, you need to follow the process listed on its website and meet all the requirements applicable to you.

Tuition and Fees

Tuition

$4,151.00 *

Additional Costs

*Amounts listed are the total of tuition, materials, student service and ancillary fees for the first two semesters of programs starting in fall 2018. Fees are subject to change for programs starting in fall 2019 and at later dates.

International students: Visit the International Fees and Related Costs page for more information.

Disclaimer: The information contained in this website is subject to change without notice. It should not be viewed as a representation, offer or warranty. Students are responsible for verifying George Brown College fee requirements.

How to Qualify and Apply

Admission Requirements

Applicants are selected on the basis of their academic achievement, including the required courses, and any other selection criteria outlined below.

  • Ontario Secondary School Diploma or equivalent**
  • Grade 12 English (C or U)
  • Grade 11 Math (M or U) or Grade 12 (C or U)

** Mature Student status (19 years of age or older)

Mature Students may take the Admissions Assessment for English and Math, OR may consider upgrading to achieve the credit(s) needed in English and Math.

Please note that George Brown is committed to ensuring that applicants will succeed in their program of choice and meeting the minimum requirements does not guarantee admission to the program. Applicants may be required to have grades higher than the minimum requirements stated.

Course Exemptions

Some college and university credits may qualify you for exemptions. Please visit georgebrown.ca/transferguide for more information.

English Language Proficiency

Proficiency in English communications is necessary for success in this program.

Please visit georgebrown.ca/englishproficiency for more details

International Students

Visit the International Admissions page for more information.

How to Apply

Apply To

Domestic students should apply through Ontario Colleges

Student Success

Student Name
Jasminka Milovanovic

George Brown College gave me an opportunity to be myself and allowed me to reach my full potential. It is very important for me to be acknowledged for my work, something that was not possible back home. Diversity and equality is greatly valued here at George Brown. Professors are amazing and all of them create an inclusive environment where all students can thrive. The Business - Accounting program offers a solid accounting foundation that is highly applicable and makes you fully prepared to enter the workforce.

Student Name
Yun Fu

George Brown College has an excellent Business – Accounting program, which offers good experience and practical knowledge and it also lays down the groundwork for your future career. With professors and other supporting people in the place to help, my questions can always be answered and explained thoroughly. It is great fun to study and make friends with people from all over the world.

Student Name
Emily Tingting Song

My learning experience at George Brown was amazing. It not only enabled me to apply the knowledge I gained in a real working environment, but it also directed me to pursue the CGA designation. The invaluable experience of being a tutor at Tutoring & Learning Centre also helped me to improve my communication and learning skills, and made me more confident in the workplace.

Student Name
Catherine Liu

The Business – Accounting program offered me strong accounting knowledge and practice, which helped me to apply them easily at work. At George Brown College, the professors are mentors that lead you to career success. This great learning experience gave me a headstart to reach out into the job market.

Contact Us

Information Sessions

On-campus information sessions are held on a regular basis. Come and have your questions answered. Learn about the program content and career options, meet your friendly professors and staff, and experience what it is like to be in a George Brown College classroom. Sign up for an upcoming session.

Domestic Student Admissions

For inquiries about domestic admission requirements, admission deadlines, or the admissions process, please contact the Admissions Office at admissions@georgebrown.ca or visit the Admissions section.

International Student Admissions

Contact one of our international recruitment representatives specializing by country of origin by either booking a virtual meeting or submitting an inquiry. For more information visit the International Contact Us page.

Fees and Financial Information

For inquiries about OSAP, Bursaries, Scholarships and other financial inquiries, please contact the Financial Aid Office at FinAid@georgebrown.ca or visit the Financial Aid section.

Entry Advising

For advice on the various program options and which program might be best suited for you, make an appointment to see an Entry Advisor. Please review these frequently asked questions.

Centre for Business

For questions regarding programs at the Centre for Business or if you require more information, please do not hesitate to contact us. Our knowledgeable staff are available to assist you.

For general inquiries, please contact the Centre for Business:
Email: business@georgebrown.ca
Phone: (416) 415-5000 ext. 2160

Business – Accounting (B103)

For inquiries related to this program (for example, course-specific information) please contact the Co-ordinator:

Rand Rowlands, Program Co-ordinator

Email: rrowland@georgebrown.ca


Sam Levy, Chair, School of Accounting and Finance

Email: Sam.Levy@georgebrown.ca

Visit Our Campus

This program is offered out of our School of Accounting and Finance and classes take place at our St. James Campus, predominantly at 200 King St. E., and 290 Adelaide St. E., Toronto, ON, Canada.

Campus tours are offered on a regular basis. Sign up today!

Sign up and learn more about your options, our programs, and life at George Brown.