Business – Accounting Program (B103)
Program Description
Program Overview
The Business – Accounting two-year diploma program teaches students fundamental accounting concepts and practices, as well as broad-based business skills. As a graduate of this program, you can look forward to an exciting career in dynamic business sectors like merchandising, government offices, financial institutions, and manufacturing.
Full Description
The Business – Accounting two-year diploma program equips you with the skills you need to launch a successful career in the accounting field. You’ll gain practical knowledge of accounting application software, spreadsheets and databases, economics, communications, law and taxation, and more.
Here are some skills you’ll be able to show off after completion of the Business - Accounting program:
- Processing common business transactions
- Preparing and presenting financial reports
- Developing financial budgets and plans
- Analyzing operating performance
- Providing basic tax planning for individuals
This Centre for Business program is part of our School of Accounting and Finance.
Earn Your College Credential from a Business School Accredited by ACBSP
Fourteen programs at the Centre for Business have earned international recognition from the Accreditation Council for Business Schools and Programs (ACBSP). Advanced diploma and diploma programs at the Schools of Accounting and Finance, Human Resources, Management, and Marketing and the Honours Bachelor of Commerce (Financial Services) program at the School of Accounting and Finance have ACBSP accreditation. George Brown is now one of only two colleges in Ontario to have earned ACBSP accreditation.
Your Field Education Options
George Brown College endeavours to provide field education opportunities with real-world challenges and clients. Find out more about field education at the Centre for Business.
Career & Postgraduate Study Opportunities
Educational Pathways
This two-year diploma has a pathway to the Business Administration – Accounting B107/B157 three-year advanced diploma.
Degree Transfer Option
Graduates of the Business Administration – Accounting diploma may be eligible to transfer into the Bachelor of Commerce (Financial Services) program. Eligibility will be assessed based on completion of the entire program, individual courses, and/or program GPA. For more information, please contact either:
Katherine Friesen kfriesen@georgebrown.ca
Francis Taylor francis.taylor@georgebrown.ca
Kelly Jung kelly.jung@georgebrown.ca
For information on additional future study options, see our transfer guide.
Designations
Graduates of this program may wish to pursue membership with the Association of Chartered Certificate Accountants (ACCA). For more information, please visit the ACCA website.
The B103 program is accredited by ACCA until December 30, 2022. Graduates of B103 before this date are entitled to the following exemptions:
| ACCA Qualifications | Foundations in Accountancy (FIA) Qualification |
|---|---|
|
|
Note: The requirements for each designation/certification are set by the granting body, not George Brown College. In order to qualify for these designations/certifications, you need to follow the process listed on its websites and meet all the requirements applicable to you.
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 1000 (Introduction to College Communication) before progressing to COMM 2000. Similarly, you may be required to take MATH 1027 (Business Math with Remediation) before progressing to MATH 1191. COMM1000 and MATH 1027 do not count toward 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 (semesters 2, 3, and 4): You must complete three General Education courses chosen from at least two 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 with 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 2000 | Communicating Across Contexts | NONE |
| MATH 1191 | Mathematics of Finance | NONE |
| ECON 1031 | Microeconomics | NONE |
| CMMK 1087 | Human Skills | 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 | COMM 2000 |
| 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 |
| STAT 1010 | Quantitative Methods I | MATH 1191 |
| LAW 2003 | Commercial Law | NONE |
| STS 1037 | Career Planning and Development | NONE |
| Select One General Education Elective | ||
SEMESTER 4
| CODE | COURSES | PRE-REQUISITE |
|---|---|---|
| ACCT 2036 | Financial Accounting II | ACCT 2001 |
| ACCT 2014 | Management Accounting II | ACCT 2011 |
| ACCT 2013 | Accounting Information Systems | ACCT 1012 |
| ACCT 3008 | Finance I | ACCT 1012 |
| ACCT 2028 | Taxation I | ACCT 1001 |
| Select One General Education Elective | ||
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.
Program Learning Outcomes
The graduate demonstrates the ability to:
- Record financial transactions in compliance with Canadian Generally Accepted Accounting Principles for sole proprietorships, partnerships, private enterprises, publicly accountable enterprises and nonprofit 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.
Tuition & Fees
Domestic Tuition
International Tuition
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 2023. Fees are subject to change for programs starting in Fall 2024 and at later dates. This fee does not include books, which are to be purchased by the student separately.
** Amounts listed are the estimated total of tuition, materials, student service and ancillary fees for the first two semesters of programs starting in Fall 2024. Tuition fees are subject to board approval. Material, student service and ancillary fees are estimated based on prior years. All fees are subject to change without notice. This fee does not include books, which are to be purchased by the student separately.
International Students
Visit the International Fees and Related Costs page for more information.
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.
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 (C, 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.
International Students
Visit the International Admissions page for more information regarding country specific admission requirements.
How to Apply
Domestic students should apply through Ontario Colleges.
International Students
Visit the How to Apply page for more information on how and when to apply.
International students should apply through the George Brown College Online Application System.
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:
Francis Taylor, Program Co-ordinator
Email: Francis.Taylor@georgebrown.ca
or
Kelly Jung, Program Co-ordinator
Email: Kelly.Jung@georgebrown.ca
Social Channels:
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
Visit Our Campus
This program is offered out of our School of Accounting and Finance. 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 for a campus tour today! You can also check out our virtual tour.
Business – Accounting Program (B103)
Program Description
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 in Toronto 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.
Earn Your College Credential from a Business School Accredited by ACBSP
George Brown College's Centre for Business programs has earned international recognition from the Accreditation Council for Business Schools and Programs (ACBSP). Centre for Business diplomas, advanced diplomas, and degree programs, 14 in total, have been accredited globally at our Schools of Accounting & Finance, HR, Management, and Marketing. George Brown is now one of only two colleges in Ontario to have earned ACBSP accreditation.
Note: George Brown College has adopted a Bring Your Own Device (BYOD) initiative. As a result, Centre for Business students registered in this program are required to bring their own laptops. Our Library Learning Commons offers open access computers, as well as equipment that can be borrowed on a short-term basis. For more information, please contact the Centre for Business at business@georgebrown.ca.
Your Field Education Options
George Brown College endeavours to provide field education opportunities with real-world challenges and clients. Find out more about field education at the Centre for Business.
Career & Postgraduate Study Opportunities
Educational Pathways
This two-year diploma has a pathway to the Business Administration – Accounting B107/B157 three-year advanced diploma.
Degree Transfer Option
Graduate of the Business Administration – Accounting diploma may be eligible to transfer into in the Bachelor of Commerce (Financial Services) program. Eligibility will be assessed based on completion of the entire program, individual courses, and/or program GPA. For more information, please contact either:
Katherine Friesen kfriesen@georgebrown.ca
Francis Taylor francis.taylor@georgebrown.ca
Kelly Jung kelly.jung@georgebrown.ca
For information on additional future study options, see our transfer guide.
Designations
Graduates of this program may wish to pursue membership with the Association of Chartered Certificate Accountants (ACCA). For more information please visit the ACCA website.
The B103 program is accredited by ACCA until December 30, 2022. Graduates of B103 before this date are entitled to the following exemptions:
| ACCA Qualifications | Foundations in Accountancy (FIA) Qualification |
|---|---|
|
|
Note: The requirements for each designation/certification are set by the granting body, not George Brown College. In order to qualify for these designations/certifications, you need to follow the process listed on its websites and meet all the requirements applicable to you.
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 1000 (Introduction to College Communication) before progressing to COMM 2000. Similarly, you may be required to take MATH 1027 (Business Math with Remediation) before progressing to MATH 1191. COMM1000 and MATH 1027 do not count toward 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 (semesters 2, 3, and 4): You must complete three General Education courses chosen from at least two 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 2023-2024
SEMESTER 1
| Code | Courses | Pre-requisite |
|---|---|---|
| ACCT 1001 | Accounting Fundamentals 1 | NONE |
| BUS 1038 | Business Concepts I | NONE |
| COMM 2000 | Communicating Across Contexts | NONE |
| MATH 1191 | Mathematics of Finance | NONE |
| ECON 1031 | Microeconomics | NONE |
| CMMK 1087 | Human Skills | 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 | COMM 2000 |
| 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 |
| STAT 1010 | Quantitative Methods I | MATH 1191 |
| LAW 2003 | Commercial Law | NONE |
| STS 1037 | Career Planning and Development | NONE |
| Select One General Education Elective | ||
SEMESTER 4
| Code | Courses | Pre-requisite |
|---|---|---|
| ACCT 2036 | Financial Accounting II | ACCT 2001 |
| ACCT 2014 | Management Accounting II | ACCT 2011 |
| ACCT 2013 | Accounting Information Systems | ACCT 1012 |
| ACCT 3008 | Finance I | ACCT 1012 |
| ACCT 2028 | Taxation I | ACCT 1001 |
| Select One General Education Elective | ||
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.
Program Learning Outcomes
The graduate demonstrates the ability to:
- Record financial transactions in compliance with Canadian Generally Accepted Accounting Principles for sole proprietorships, partnerships, private enterprises, publicly accountable enterprises and nonprofit 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.
Tuition & Fees
Domestic Tuition
International Tuition
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 2022. Fees are subject to change for programs starting in Fall 2023 and at later dates.
** Amounts listed are the total of tuition, materials, student service and ancillary fees for the first two semesters of programs starting in Fall 2023. Fees are subject to change for programs starting in Fall 2024 and at later dates.
International Students
Visit the International Fees and Related Costs page for more information.
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.
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 (C, 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.
International Students
Visit the International Admissions page for more information regarding country specific admission requirements.
How to Apply
Domestic students should apply through Ontario Colleges.
International Students
Visit the How to Apply page for more information on how and when to apply.
International students should apply through the George Brown College Online Application System.
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:
Francis Taylor, Program Co-ordinator
Email: Francis.Taylor@georgebrown.ca
or
Kelly Jung, Program Co-ordinator
Email: Kelly.Jung@georgebrown.ca
Social Channels:
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
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 for a campus tour today! You can also check out our virtual tour.
