Accounting and Financial Practice
A career in accounting provides the flexibility to work in a number of industries.
- Become proficient in the financial accounting software and spreadsheet applications required to succeed in this career
- Develop the in-depth knowledge and skills, terminology, concepts and tools required in the accounting field through financial scenarios and practical exercises
- Condensed schedule allows the flexibility of working while studying
Program Availability and Schedule
Availability
Open
Closed
Waitlisted
Start Term
Availability
International
Availability
Competitive?
Fall 2024
No
Winter 2025
No
Fall 2025
No
Schedule
Program Summary
Credential
Program Delivery
Program Code
Area of Interest
School
Campus
The one-year Accounting and Financial Practice Ontario College Graduate Certificate provides you with the required knowledge and skills essential to begin and advance in the field of accounting. With a wide range of accounting and financial responsibilities present in the financial sector, there is a continuous demand for junior and intermediate accounting personnel.
In this program, you focus on accounting practices that incorporate technology used in a variety of business environments. With the use of financial accounting software and spreadsheet applications, you gather and analyze financial information and prepare financial reports....(read more)
Overview
A career in accounting provides the flexibility to work in a number of industries.
The one-year Accounting and Financial Practice Ontario College Graduate Certificate provides you with the required knowledge and skills essential to begin and advance in the field of accounting. With a wide range of accounting and financial responsibilities present in the financial sector, there is a continuous demand for junior and intermediate accounting personnel.
In this program, you focus on accounting practices that incorporate technology used in a variety of business environments. With the use of financial accounting software and spreadsheet applications, you gather and analyze financial information and prepare financial reports.
Through financial scenarios and practical exercises, you develop in-depth knowledge of financial accounting, managerial accounting, taxation, audit and finance, and acquire the skills, terminology, concepts and tools required in the field of accounting. The program concludes with a capstone course that gives you the opportunity to consolidate the knowledge and skills applied and practised throughout the program.
Graduates of this program are well prepared for careers in the field of financial accounting, managerial accounting, taxation and audit, with employment in government, public practice and not-for-profit organizations.
Students considering a professional accounting designation or an accounting credential are advised to make inquiries with the Chartered Professional Accountants of Ontario (CPA Ontario) before deciding to complete this program. See Additional Information for further details.
SUCCESS FACTORS
This program is well-suited for students who:
- Are comfortable working with computer technology.
- Possess good communication and interpersonal skills.
- Are detail oriented.
- Possess strong planning and organizational skills.
- Enjoy problem solving with numbers.
- Have strong analytical and critical-thinking skills.
- Have a high standard of ethics.
Courses
Programs at Algonquin College are delivered using a variety of instruction modes. Courses may be offered in the classroom or lab, entirely online, or in a hybrid mode which combines classroom sessions with virtual learning activities. Upon registration, each full-time student is provided an Algonquin email account which is used to communicate important information about program or course events.
Code:
ACC1102
Course Name:
Accounting I
Course Description:
A functional and applied understanding of the accounting cycle and the preparation of financial statements is central to sound accounting pr... + Read More
Hours:
84.0
Code:
ACC1103
Course Name:
Accounting Spreadsheets
Course Description:
The ability to utilize spreadsheet software in a consistent manner is an indispensable skill in modern business environments. Students learn... + Read More
Hours:
42.0
Code:
DAT1200
Course Name:
Business Information Systems
Course Description:
An important component in the success of any organization is the knowledge of current information systems. Students explore and apply variou... + Read More
Hours:
42.0
Code:
LAW1100
Course Name:
Business Law
Course Description:
Knowledge of the Canadian legal system is essential to prudent financial management. Students learn about tort law and professional liabilit... + Read More
Hours:
42.0
Code:
ACC1203
Course Name:
Accounting II
Course Description:
This intermediate financial accounting course builds upon foundational accounting knowledge essential for successful future accounting studi... + Read More
Hours:
56.0
Code:
ACC1204
Course Name:
Income Tax I
Course Description:
A working knowledge of personal income tax is essential to financial planning. Students study the fundamental principles and concepts of Can... + Read More
Hours:
56.0
Code:
ACC1205
Course Name:
Introductory Management Accounting
Course Description:
Managers in all functional areas have to deal with the management accounting system of the organization they work for. Students acquire a ba... + Read More
Hours:
56.0
Code:
ACC1208
Course Name:
Accounting Software Applications
Course Description:
Application of contemporary accounting software is central in the management of modern organizations. Using accounting software, students ap... + Read More
Hours:
42.0
Code:
FIN1202
Course Name:
Corporate Finance
Course Description:
Students are introduced to financial concepts and management tools that are employable in daily practice. Students examine the corporate fin... + Read More
Hours:
42.0
Code:
ACC1300
Course Name:
Accounting III
Course Description:
A working knowledge of liabilities and equities are fundamental concepts in the accounting profession. Building upon the content from Accoun... + Read More
Hours:
56.0
Code:
ACC1301
Course Name:
Income Tax II
Course Description:
Understanding the integration and application of tax issues is essential to any organization. Building upon the previous taxation course, st... + Read More
Hours:
56.0
Code:
ACC1302
Course Name:
Intermediate Management Accounting
Course Description:
It is important to develop the professional competence and skills necessary to understand the requirements of management reporting. Building... + Read More
Hours:
56.0
Code:
ACC1303
Course Name:
Auditing Fundamentals
Course Description:
Possessing a working knowledge of auditing principles and procedures is important for any organization. Focusing on external audit, students... + Read More
Hours:
56.0
Code:
ACC1308
Course Name:
Integrated Accounting Practice
Course Description:
Students draw upon the technical knowledge learned throughout the program to complete comprehensive business scenarios. This unique course a... + Read More
Hours:
42.0
Careers & Pathways
Careers
Graduates may find employment opportunities in the following roles: accounts payable coordinator, accounts receivable coordinator, payroll assistant, property accountant, staff accountant, accounting associate, accounting assistant, accounting technician, financial analyst, budget officer, audit assistant, and tax preparer.
Pathways
Please note: There may be more pathways available for this program than are listed here. Please use our Pathways search tool to see every option.
Learning Outcomes
The graduate has reliably demonstrated the ability to:
- Integrate ethical decision-making processes into accounting practices to establish and maintain transparency and fairness.
- Apply recognized accounting principles to the systematic recording of transactions to provide consistency in the reporting of financial information.
- Prepare accurate, relevant and timely financial statements for users of financial information that meet respective needs.
- Analyze financial and managerial accounting information to support decision-making.
- Use accounting software and relevant technology to produce accurate and timely financial information.
- Prepare effective budgets to support business operations.
- Research and discuss statistical techniques that safeguard data integrity and facilitate data interpretation.
- Select and recommend information systems that support effective business planning.
- Recognize legal implications arising in business situations to mitigate risks.
- Produce effective business communications to convey pertinent information.
- Examine and monitor current financial operations and provide suggestions to increase operational effectiveness.
- Identify and apply discipline-specific practices that contribute to the local and global community through social responsibility, economic commitment and environmental stewardship.
Tuition & Fees
Get an idea of how much each semester will cost with our Tuition and Fee Estimator.
2024/2025 Academic Year
Tuition and related ancillary fees for this program can be viewed by using the Tuition and Fees Estimator tool at www.algonquincollege.com/fee-estimator.
Further information on fees can be found by visiting the Registrar`s Office website at www.algonquincollege.com/ro.
Fees are subject to change.
Admissions Requirements
Program Eligibility
- Ontario College Diploma, Ontario College Advanced Diploma, Degree or equivalent.
- Applicants with international transcripts must provide proof of the subject-specific requirements noted above and may be required to provide proof of language proficiency. Domestic applicants with international transcripts must be evaluated through the International Credential Assessment Service of Canada (ICAS) or World Education Services (WES).
- IELTS-International English Language Testing Service (Academic) Overall band of 6.5 with a minimum of 6.0 in each band; OR TOEFL-Internet-based (iBT)-overall 88, with a minimum of 22 in each component: Reading 22; Listening 22; Speaking 22; Writing 22; OR Duolingo English Test (DET) Overall 120, minimum of 120 in Literacy and no score below 105.
Application Information
ACCOUNTING AND FINANCIAL PRACTICE
Program Code 1317X01FWO
Applications to full-time day programs must be submitted with official transcripts showing completion of the academic admission requirements through:
ontariocolleges.ca
60 Corporate Court
Guelph, Ontario N1G 5J3
1-888-892-2228
Applications are available online at www.ontariocolleges.ca.
Applications for Fall Term and Winter Term admission received by February 1 will be given equal consideration. Applications received after February 1 will be processed on a first-come, first-served basis as long as places are available.
International applicants applying from out-of-country can obtain the International Student Application Form at https://algonquincollege.force.com/myACint/ or by contacting the Registrar`s Office.
For further information on the admissions process, contact:
Registrar`s Office
Algonquin College
1385 Woodroffe Ave
Ottawa, ON K2G 1V8
Telephone: 613-727-0002
Toll-free: 1-800-565-4723
TTY: 613-727-7766
Fax: 613-727-7632
Contact: https://www.algonquincollege.com/ro
Additional Information
Program Resources
Classes are generally scheduled over three days/evenings. Please enquire with coordinator for specific information.
Students considering pursuing a professional accounting designation are advised to make inquiries with the Chartered Professional Accountants of Ontario (CPA Ontario). (For further information see www.cpaontario.ca/become-a-cpa/get-started.
Contact
Karen Meades
Program Coordinator
Whether running extreme ultramarathons in the Amazon Jungle or Sahara Desert, climbing Kilimanjaro, or swimming from Alcatraz prison to San Francisco; courage defines Karen.
A Master of Laws, Master of Business Administration, and a professional chartered accountant. Karen’s career includes auditor at Price Waterhouse, Chief Financial Officer at the University of Ottawa Heart Institute, and Chief Financial Officer at the Medical Council of Canada.
When an opportunity arose to work with the Inuit, Karen responded and co-founded Ottawa Health Services Network, a not-for-profit organization, to provide case management, medical interpretation and co-ordinate specialty health care services to the Inuit in Canada’s far North.
Karen is currently a professor in accounting at Algonquin College of Applied Arts and Technology.
Karen was recognized by her peers and elected a Fellow of the Chartered Professional Accountants. Karen was honoured for her inspirational leadership with the Top 100: Most Powerful Women in Canada Hall of Fame induction and awarded Top 40 under Forty by the Ottawa Business Journal. Karen is the third Canadian woman to compete the Racing the Planet: 4 deserts series.