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Business Accounting

Kingston Campus | Program Code: 0259 | Open for International Students
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Overview

St. Lawrence College offers two programs in account­ing as follows:

Program Name

Program Length

Credential

Business Accounting

2 Years

Ontario College Diploma

Business Administration-Accounting

3 Years

Ontario College Advanced Diploma

The first two years in both programs are common. The Business Administration – Accounting (3 year) program offers students a more intensive background in financial accounting, corporate finance, cost accounting and taxation during the third year as well as a work placement in the final semester of the program.

Frequently Asked Questions: 

*NOTE:
September - apply at
www.ontariocolleges.ca K0259
November - You can start this program in November - code K0973OC. Applicants should apply at
www.ontariocolleges.ca as a Business Fundamentals (0973OC) student. All students will start in this program and transition into the Business program area of their choice.
January - apply at
www.ontariocolleges.ca - code K0259

Program Details

Code 0259
Start Date May, January, November, September, October
Credential Ontario College Diploma
Campus Kingston
Program Length 2 Years
Delivery Full-Time
Open for international students
Special May Intake - International Students Only
*NOTE - for November, applicants should apply at OCAS as a Business Fundamentals student (K0973OC) and will transition into the Business program area of their choice.

Program Highlights

This program is comprised of the study of business fundamentals with a focus on accounting and finance, including financial and cost accounting, taxation, and accounting software applications. Students have the opportunity to pursue the payroll certification through the SLC Continuing Education Department.

Program Outline

  • Semester 2: Electives

Choose one of the following: HUMA 53 or MARK 201

2020-2021

Introductory Accounting is intended to provide an overview of financial accounting. Canadian generally accepted accounting principles are used as the foundation to complete the accounting cycle, perform the adjusting process and prepare financial statements for both service and merchandising entities. Additional topics also include payroll, petty cash and bank reconciliations.

Through the perspective of both the Canadian and global business environments, this course will provide students with a foundational knowledge of the current state of business and an opportunity to consider what the future may hold. Learners will develop their business vocabulary, understanding of business concepts, and engage with current and relevant issues in both a Canadian and global context. Students will learn the foundations of teamwork as a component of successful business operations. The functional areas of business and their relationship to management, leadership, and the future of work are discussed.

This course offers an opportunity to explore a variety of business careers and to engage with business professionals. It provides insight into workplace expectations, future employment trends and focuses on the essential employability skills. Activities and sessions are designed to enhance student attributes as well to aid in making a realistic assessment of the many opportunities available upon graduation and how to prepare for them. Course activities primarily involve independent learning opportunities.

COMM 34 provides instruction and practice in college and workplace communication skills with an emphasis on the development of strategies to organize and express ideas in a clear and professional manner suitable to a variety of audiences. Course work also provides opportunities for the development of writing, grammar, research, citation, analytical, reading, and listening skills.

This is an introductory computer course that familiarizes students with the functionality of internal college systems and the current version of Microsoft Word, Excel, and PowerPoint.  It also explores theory and concepts of computer hardware and software, with a hands-on introduction to the Windows operating system, file management techniques, and Internet browsers. This course allows students to navigate through the software applications and learn how to create effective documents, spreadsheets and presentations.

The purpose of this course is to prepare students to be successful in business and financial mathematics. This course emphasizes the development of business-related numeracy and algebraic skills. Topics covered include order of operations, percentages/fractions/ratios, exponents, logarithms, algebra, linear equations, linear systems, linear inequalities, and simple and compound interest. These topics are applied to business concerns such as taxation, allocation, currency conversion and the consumer price index. Graphical optimization to maximize profit and minimize costs is addressed. 

Entering a new environment presents challenges as we transition to a new set of values and expectations within a new organizational culture. This course is designed to examine the process of adjustment and to equip students with strategies for making successful transitions.

This course continues to introduce students to both the principles and practices of financial accounting. Further training in accounting systems and the preparation, analysis, and interpretation of a basic set of financial statements is provided. Students gain skills in the ability to report a variety of business transactions to users of financial statements. Topics include special journals, subsidiary ledgers, accounts receivable and uncollectible accounts, notes receivable, inventory, current liabilities, capital assets, and accounting for partnerships and corporations.

Prerequisite(s): ACCT 1

This course introduces students to some critical issues in workplace dynamics and behavior such as corporate responsibilities, ethics, customer service, critical thinking and diversity. Through the use of case studies, team work, and discussion of various current events, videos and readings it equips students to more effectively handle some of these challenging issues in the business environment.

In this course, the emphasis is on the development of professional communication. Students develop communication and teamwork skills through the preparation and delivery of a range of professional documents and presentations utilizing current workplace technologies.

Macroeconomics introduces the student to the workings of our economy at large. In particular the student is introduced to the concepts and interrelationships between the following macroeconomic variables: GDP, the price level and inflation, real GDP, the unemployment rate, interest rates, stock prices, the foreign exchange rate, and the balance of international payment. Emphasis is placed on the practical application of the foregoing topics towards understanding how current events of either a private or government nature affect the economy at large.

This course provides an overview of the mathematics of business financial management. Time value of money is used in both compound and simple interest applications. Annuities are studied and applied to various business applications and financial decision-making such as bonds, investments, loans and net present value. 

Prerequisite(s): MATH 35

Human Resources Management is intended to provide students with an understanding of human resources management functions within organizations. The course provides an introduction to the purpose and the application of Human Resources activities which will assist organizations in achieving their goals and objectives. As such, this course is designed to lay the groundwork for more advanced studies in Human Resources and related subjects.

Introductory Marketing is a core course in the Business Program (Diploma) at St. Lawrence College. It is designed to introduce students to the principles and practices of marketing and marketing management in both small and large organizations. It provides a framework for marketing decisions from which students can proceed to more advanced courses in the discipline of marketing.

ACCT 5 is the first of two management accounting courses in the Business-Accounting program and the first of three managerial accounting courses in the Business Administration-Accounting program. Management accounting differs from financial accounting in that it concentrates on the estimation, accumulation and presentation on internal accounting information for performance evaluation and decision making purposes. Emphasis in this first course is on defining management accounting concepts and terminology. It introduces job order costing, cost behaviour and the preparation of contribution format income statements. Finally, special issues with cost-volume-profit relationships will be studied in depth.

Prerequisite(s): MATH53 + ACCT2

Computer Applications in Accounting is designed to provide the student with experience in maintaining computerized accounting records, primarily using current accounting software. This course will reinforce all of the principles and concepts that were introduced in Introductory Accounting. Students set up a computerized accounting system for a company, process transactions in all modules and are expected to print and interpret generated reports.

Prerequisite(s): ACCT1

This course expands on the principles and practices of financial accounting covered in the introductory financial accounting courses. Further training in accounting systems and the preparation, analysis, and interpretation of financial statements is provided at an intermediate level. The topics covered in this course include the accounting for business assets specifically: cash, accounts and notes receivable, inventories, and investments. Canadian Accounting Standards for Private Enterprises (ASPE) and the International Financial Reporting Standards (IFRS) are applied to various situations involving this material, with further reference to financial statement presentation in adherence to both legal and Chartered Professional Accountants Canada (CPA) Handbook requirements.

Prerequisite(s): ACCT2

This course introduces students to the workings of our market system, within which business organizations must function. In particular, the course studies consumer and business behaviour within a mixed government-market framework. Emphasis is placed on understanding how microeconomic analysis is employed in such functional areas as accounting and finance, marketing, and human resources management, as well as in interpreting government actions in the marketplace and other events of a microeconomic nature.

This course covers Excel from basics to advanced topics. It is designed to introduce students to electronic spreadsheets and then introduces more advanced features of Microsoft Excel. During the course students will create simple spreadsheets using the four building blocks of cell content: labels, values, formulas and functions. Students will also gain skills in visually formatting the spreadsheet and creating simple charts. Students will create spreadsheets using more complex functions including arithmetic on date values; managing multi-sheet workbooks; incorporating protection within the workbooks and use filtering of data in tables. Advanced topics in Excel includes: creating automated worksheet tasks, What-If analysis, Pivot Tables, exchanging data with other programs and programming in VBA.

Prerequisite(s): COMP222

The study of organizational behaviour is the study of three separate, but interrelated, processes. The course begins with the study of individual behaviour in organizations, including such topics as perception, attitudes and work motivation. The study of group dynamics is also addressed, including such topics as team building, leadership, and decision-making. Finally the course explores the study of organizational structure, culture and change.

This course expands on the principles and practices of financial accounting covered in the introductory financial accounting courses. Further training in accounting systems and the preparation, analysis, and interpretation of financial statements is provided at an intermediate level. The topics covered in this course include the accounting for business assets and liabilities specifically: capital assets, current liabilities and capital and operating leases. Canadian Accounting Standards for Private Enterprises (ASPE) and the International Financial Reporting Standards (IFRS) are applied to various situations involving this material, with further reference to financial statement presentation in adherence to both legal and Chartered Professional Accountants Canada (CPA) Handbook requirements.

Prerequisite(s): ACCT201

This course provides an introduction to the taxation of various sources of personal income in Canada. The structure of the Canadian Income Tax system and the rules imposed by the Canadian Income Tax Act are examined. Topics studied include the concepts of income, capital gains, deductions, capital cost allowance, and taxable income as they apply to the individual taxpayer. 

Prerequisite(s): ACCT2

This course provides an introduction to the field of business financial management. FINA 1 includes a review of the preparation of the primary financial statements and emphasizes their application in financial forecasting. Other major topics addressed include financial statement analysis, working capital management, and sources of short-term financing. The course also provides a brief review of time value of money concepts and their application in capital budgeting decisions which are examined in detail in FINA 2.

Prerequisite(s): ACCT5

This course is designed to familiarize students with the Government Reporting required in the daily course of business operations. A strong understanding of payroll is an important part of Government Reporting in that payroll deductions must be remitted to the Receiver General at specified intervals. Students will calculate and/or prepare the following: payroll including taxable benefits, payroll deductions, remittances for: HST (Harmonized Goods and Sales Tax), WSIB (Worker’s Safety and Insurance Board) and EHT (Employer Health Tax),T4s, and Records of Employment.

Prerequisite(s): ACCT2

This course provides an overall understanding of the accounting system, particularly the usefulness of accounting to management.  The three main areas to be covered are: routine reporting to management for planning and controlling current operations; special reporting to management for long range planning; and routine reporting on financial results for external use. 

Prerequisite(s): ACCT5

In Administrative Law students review the legal environment for businesses and identify its impact on operations. Students analyze legislation, statues, regulations, and company policies to identify compliance requirements, mitigate risk, and determine strategy. Exploring contracts, the law associated with business relationships, and various special legal rights and relationships students learn to consider the complex regulatory context in which businesses operate.

This is a course designed to help students adapt to the rapidly changing workplace. It provides an historical overview of our working society and how it has evolved. Issues such as employment equity, harassment, regulation of health and safety, unionization, professional organizations and codes of ethics are discussed. Students also identify strategies to meet the needs of current employers and to make interview processes work to their advantage.

Requirements

Admission Requirements

Ontario Secondary School Diploma (OSSD) with the majority of Grade 11 and 12 courses at the C, U or M level including the following prerequisites:

  • Grade 12 English at the C, or U level
  • Grade 11 Math at the C, U or M level

For OSSD equivalency options, see Admission Requirements.

If you are missing prerequisite courses, enroll in the Career/College Prep program - free for Ontario residents who are 19 years or older.

Fees

2020-2021

Tuition
Program Fees
Ancillary Fees
Total
CAD
Tuition
$2,721.36 CAD
Program Fees
$0.00 CAD
Ancillary Fees
$1,360.92 CAD
Total
$4,082.28 CAD

Tuition fees are subject to change pending confirmation of provincial Ministry Funding rates for 2021-2022.

Tuition
Program Fees
Ancillary Fees
Total
CAD
Tuition
$14,600.00 CAD
Program Fees
$0.00 CAD
Ancillary Fees
$2,072.25 CAD
Total
$16,672.25 CAD

Tuition fees are subject to change pending confirmation of provincial Ministry Funding rates for 2021-2022.

Kingston

Our Kingston campus has seen significant renovation over the past few years, including a brand new Student Life and Innovation Centre that houses a new gymnasium, fitness centre, pub, and more.

New Gym
Kingston Campus Exterior
Kingston Campus

Career Opportunities

Graduates find careers in bookkeeping, an office setting, or accounting in private business, not-for- profit organizations, government, and the finance industry.

Testimonials

"My instructors at St. Lawrence College are excellent. My accounting teacher has worked in the industry for thirty years. He’s worked all over Canada in the accounting field. And for us to be able to walk into an Accounting program our very first year, our very first semester, and have this person with such a massive background of experience — it’s incredible."
Mike Brown
" The accounting program taught me how to be a better student, human and someone who cares about teams and team work. I can not express the importance of the 3rd year placement I had. I was able to get a job one week after graduation due to the fact my placement had a huge influence in me getting hired."
Sadegh Firouzi

Other Information

Program delivery is run on weekdays; classes may start as early as 8:30 am and may sometimes run to 8:30 pm. 

Upon registration, each full-time student is provided a St. Lawrence College email account which is used to communicate important information about program or course events.

Students starting in January must take the second semester during spring/summer in order to be on track for the third semester in the fall. 

Advanced Standing

Once you have been accepted into your college program, contact your program coordinator at lisakj@sl.on.ca for details.

Program Contacts

Program Contact
Lisa Knechtle-Jerkiewicz
lisakj@sl.on.ca
613.544.5400 ext.1567

Admissions Information
Contact a member of our recruitment team
ask@sl.on.ca
1.800.463.0752 and ask for Recruiting

International Students Contact
international@sl.on.ca
+1 613.544.5400 ext. 5514

Credit Transfer Opportunities

BBA University Degree at SLC
Graduates of our accounting diploma programs have the opportunity to continue to the Laurentian University Bachelor of Business Administration degree offered on the Kingston campus.

CPA Program Information
Students interested in pursuing a CPA designation can refer to the CPA Ontario web site for additional information on the CPA program.

The CPA program requires a university degree as an entrance requirement into the CPA Professional Education Program (CPA PEP Program). Graduates from the SLC accounting diploma programs have the opportunity to complete a university degree right here at SLC, as described below.

ACCA
Graduates of our accounting diploma programs have the opportunity to transfer into the professional program offered by the Association of Chartered Certified Accountants (ACCA). For more details on the accreditation agreement, please see here, by entering the name of the institution and following the steps. Also consult the attached letter, for further details. Please consult the ACCA web site for additional information on the ACCA program structure.

Agreements between SLC and other institutions that are specific to this program are listed below.

SLC graduates have many options to continue their studies with post-secondary institutions across Canada and around the world. In addition, there are many credit transfer pathway agreements between colleges and universities within the province of Ontario. Please also visit www.ontransfer.ca to search for options relevant to your program area of study.

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