Business Administration – Accounting

Tuition and Fees

Program Title: Business Administration – Accounting
Credential Earned: Ontario College Advanced Diploma
Delivery: Full Time
Program Length: 6 Semesters
Program Status: Open

Program Codes
NORT – B002 (PC) Timmins Campus
NORT – B253 (CK) with sufficient enrolment
NORT – B029 (KL) Kirkland Lake Campus
Program codes are for September intakes except those that are indicated differently.

Winter Intake
B002W (PC) Timmins Campus


Program Description
Northern’s three-year Accounting diploma program will propel the student’s career in accounting by taking him or her through in-depth study and practice. This is a solid Accounting program with a special focus on giving students the technical know-how and practical experience in various accounting procedures and systems. Students will start by building a strong foundation in traditional accounting skills before moving on to computerized accounting applications. In the first year, students will complete a series of core courses covering different functional areas of business administration. These courses will equip them with the basic business and communication skills demanded by business.

Employers look for hands-on experience even when hiring recent graduates. So, once into their second year, students will take highly specialized and practical accounting courses. The courses feature assignments that simulate real-life applications of accounting principles and techniques. Students’ education will be broadened by other practical business courses aimed at developing management skills. In the sixth semester, students will go on a six-week business work placement to practice what they have learned and to gain valuable work experience, all the while networking with potential employers. The Canadian Payroll Association and the Canadian Institute of Bookkeeping also recognize these courses.

Graduating from Northern College's ...

Cory Robin

Business Administration - Accounting program has empowered me.

The confidence in not only knowing what I'm capable of but having the credentials to prove my ability makes me certain that I can handle any challenge that comes my way. - Cory Robin, Business Administration - Accounting program


Career Opportunities
Typical jobs include general accountant, accounting technician, cost accountant, or internal auditor for both government and industry. Students may also apply their combined studies in accounting and business to other areas, such as accounts receivable/payable, inventory control, payroll, credit/ collections, capital asset management, accounting information systems, etc. in profit and non-profit organizations.

Contact Information
Timmins Campus
Rose-Marie Deacon, Program Coordinator
Tel: 705-235-3211 ext.  2243
deaconr@northern.on.ca

Haileybury Campus, Kirkland Lake Campus, and Contact North
Roseanne Clyburn, Program Coordinator
Tel: 705-672-3376 Ext. 8822
clyburnr@northern.on.ca

Distance Learning Officer
Tel: 705-567-9291 ext.3673
kldisted@northern.on.ca

Admission Requirements
Ontario Secondary School Diploma (OSSD)
Grade 12 English (C, U)
Grade 12 Math (C, U)

Or equivalent

Or mature student status (an applicant who does not have a high school diploma or equivalent, and will have reached the age of 19 years on or before the start of the program). Mature students must undergo academic testing prior to admission into a program. Call the Admissions Office at 705-235-7222 for more details. Academic prerequisites for this program may be obtained free of charge through Academic Upgrading.

Application Process
Fall intake: Apply to this program on OCAS. When studies commence, you are automatically registered in the first year Business Fundamentals which is a common first year business program for Northern College’s two* and three year business programs in accounting, human resources management, marketing, and business general studies.

*The two year Office Administration – Executive program has a unique first year Office Administration-General.

January Intake
Apply directly to the January intake program codes for the common first year Business Fundamentals program and upon completing this first year, you can register for the fall into the second year of the 2- or 3-year business program of your choice.

Semester 1 – Same as Business Accounting
AC1004 Accounting I
BU1073 Introduction to Business Management and Organizational Behaviour
CM1903 Communications I – Model A
GN1033 Health and Safety (PC) – General Education Elective
MA1004 Mathematics of Finance I
IN1093 Computer Applications for Business and Technology
MR1033 Introduction to Marketing I
EV7003 Issues in Environmental Sustainability (CK/KL/HL)

Semester 2 – Same as Business Accounting
AC2004 Accounting II
CM2903 Communications II – Model A
IN2013 Computer Applications II
MA2033 Mathematics of Finance II
MR2014 Introduction to Marketing II
BU1074 Principles of Human Resource Management
BU4013 Microeconomics
IN2042 E-Business and Web Research (CK/KL/HL)

Semester 3 – Same as Business Accounting
AC3004 Accounting Applications I
AC3033 Accounting III
BU3013 Macroeconomics
IN4143 Database
GN2133 Law and Ethics
PH2103 Critical Thinking and Problem Solving (CK/KL/HL)
EL1103 General Education Elective I (PC)

Semester 4 – Same as Business Accounting
AC4004 Intermediate Accounting I
AC4034 Management Accounting I
AC4053 Financial Management I
AC6023 Taxation I
General Education Elective

Semester 5
AC5005 Intermediate Accounting II
AC5033 Management Accounting II
AC5053 Financial Management II
AC5015 Taxation II
BU5003 Operations Management
MA4004 Business Statistics I

Semester 6
AC6004 Intermediate Accounting III
AC6033 Accounting Applications II
BU6021 Business Placement
IN6334 Information Systems
MA6033 Business Statistics II
AC6043 Auditing I

Semester 1
AC1004 Accounting I
This course gives hands-on training in fundamental accounting concepts as applied in service and merchandising firms. Students will be taken through a complete cycle and will record and report financial transactions. At every point in the course, students will examine the accounting decisions based on financial transactions taken from real work situations. This course will provide the foundation for general accounting principles with an understanding of a general and a trust account. The students will also understand the LSUC’s books and record keeping requirements and the obligations related to trust accounts, preservation of client property and withdrawal of trust monies. The student will have an understanding of financial statements and bank reconciliations.

BU1073 Introduction to Business Management and Organizational Behaviour
This course consists of an examination of the Canadian business environment and the management decision making process as an integral component of organizational behaviour.

CM1903 Communications I – Model A
Communications I is a practical course designed to help strengthen both oral and written skills. Students will be exposed to a variety of learning methods and communication formats. Emphasis will be placed on the use of appropriate structure, writing conventions and style. Students will also develop discipline-specific documents as well as learn the basics of portfolio assembly and presentation.

GN1033 Health and Safety (PC)
This course is an introduction to the Occupational Health and Safety Act and Regulations. Topics include the Act and several related regulations. The student will also complete a valid WHMIS certification course during the semester.

MA1004 Mathematics of Finance I
This course is divided into several building blocks. The primary focus is to start with fundamental arithmetic and algebra and apply the learned techniques to common business problem solving. In tandem, students will also learn several business mathematics techniques and their application.

IN1093 Computer Applications for Business and Technology
Students are introduced to commonly used features of the most widely used microcomputer applications – MS Word, MS Excel, and MS PowerPoint. Basic computer skills are required as prerequisites. A series of lectures, projects, and exercises will take advantage of Microsoft Office features. Word’s extensive menu, toolbar, and template features will be used to create various business documents. Project material is developed so that students will apply their software skills to course material throughout their program of studies.

MR1033 Introduction to Marketing I
Modern marketing involves much more than selling and promoting – marketing is the process of determining and satisfying the needs of customers. This means that students’ everyday lives are touched by one or more aspects of marketing. Students will learn how to be better consumers and then apply their understanding of marketing to analyze different marketing approaches used by actual businesses.

EV7003 Issues in Environmental Sustainability (CK/KL/HL)
Our human society is at a crossroads in terms of our management of the environment. Population growth, and the demands it continues to place on our available resources, has resulted in a situation in which the judicious management of those resources is no longer an option. This multidisciplinary, general education course is of interest to students of all walks of life and all intended professions, as a guide to how they can learn to live more sustainably in their personal and professional lives, and, in so doing, preserve the environment for the needs and enjoyment of future generations.

Semester 2
AC2004 Accounting II
This fundamental accounting concepts course deals with the basics of analysis and recording of transactions involving assets and liabilities. Because efficient management of cash flow is essential for the survival of any business, students will focus on this asset first. Consequently, the course begins with an introduction to cash management and control procedures used by different types of businesses. In the remainder of the course, students learn the fundamental/basic accounting concepts and techniques for recording other assets and liabilities. Students will apply these fundamental accounting concepts by completing a project for a “virtual business.”

CM2903 Communications II – Model A
Communications II is a continuation of Communications I and is designed to strengthen practical written and oral presentation skills. Students will apply the appropriate principles and formats to job-related documents and will continue to review grammatical structures and apply editing strategies.

IN2013 Computer Applications II
This course covers advanced computer applications including advanced Microsoft Office Word, Microsoft Office Excel, intermediate Microsoft PowerPoint and introduction to Microsoft Access. Topics include creating a web page from a Word document, form letters, merging to form letters, labels and envelopes, financial functions, amortization schedules, data tables, creating and querying a worksheet database, spreadsheet templates, linking worksheets, advanced animation, transitions and sound files for slide show presentations, and structuring databases. The lectures will be supplemented with in-class assignments and tests. This course is common in many programs therefore students should expect minor variations from the description presented here.

MA2033 Mathematics of Finance II
This course begins with an introduction to common arithmetical techniques used in the world of finance. As the course progresses, students will progress to the more advanced techniques followed in financial problem solving. Students will also become proficient in the use of various financial calculators. Prerequisite: MA1004 Math of Finance I.

MR2014 Introduction to Marketing II
This practical, student-oriented course follows the accepted concepts of marketing, current marketing principles/practices, and their applications as functional decision-making management tools.
Topics will include all aspects of product development, marketing and management, price determination and pricing strategies, distribution-related strategies, marketing communications strategies (including advertising, personal selling, sales promotions, event marketing and sponsorship, public relations and direct marketing) and non-profit marketing and global marketing.

BU1074 Principles of Human Resources Management
This course will teach students how to forecast the human resource needs of an organization within ambient sociopolitical situations

BU4013 Microeconomics
Microeconomics focuses on individual products and their prices. By studying the laws of supply and demand, students can see how prices are determined and be able to make wiser business decisions. The Canadian economy and individual commodities form the backdrop for the teaching of the laws of supply and demand, cost curve analysis, production and pricing. Students will track actual product prices and determine reasons for fluctuations.

Semester 3
AC3004 Accounting Applications I
The focus of this course is on computerized accounting. Students will understand the critical differences between a manual and computerized accounting system. The course will expose students to the increasing use of computerized accounting systems in business and non-business organizations. The platform of learning will be two very popular and commonly used accounting software programs: Simply Accounting by Sage and Sage AccPac ERP. Students will complete major application projects for each.

AC3033 Accounting III
This course is an introduction to accounting for corporations. The corporate form of business organizations poses some unique challenges for financial accounting. Issuance of bonds or shares, investments in other corporations’ securities, and reporting of dividends and earnings per share, are all examples of events or transactions that do not affect the financial statements of a smaller business. This course will also explore how corporations communicate information about cash management activities through the statement of cash flows. Students will apply what they learn to problems, mini-cases, and the understanding and interpretation of actual annual reports of prominent Canadian corporations.

BU3013 Macroeconomics
Macroeconomics presents an overview of the Canadian economy focusing on national trends such as unemployment, inflation and monetary/fiscal policies. The course will provide students with a basis to analyze current activities for predicting future trends as a basis for business decision-making. Discussions will focus on helping students apply theory about macroeconomics to current events.

IN4143 Database
This course will introduce the student to the many features and applications of Access. Access terminology and characteristics of a database will be covered. Students will learn to create,worksheet to an Access table and merging a Word form letter with an Access database.

GN2133 Law and Ethics
This course provides a basis for legal and ethical issues of importance to graduates and specifically covers torts, professional liability and contract law. Its goal is to begin preparing the student for professional designations and/or examinations.

PH2103 Critical Thinking and Problem Solving (CK/KL/HL)
Critical Thinking/Problem solving will enable the learner to assess the arguments of others by equipping them with the skills to asses the truth claims put forward in support of a conclusion and to assess the structure and consistency of the argument itself. The learner will discover how to effectively construct arguments to advocate for their own positions. As a result, the learner will hone their ability to critique the claims of others, to understand and articulate their own opinions, and to make the best decision in a given set of circumstances.

EL1103 General Education Elective I (PC)

Semester 4
AC4004 Intermediate Accounting I
This course focuses on an understanding of financial statements. This is the first of three courses to prepare the professional accountant responsible for the communication of financial information to shareholders, creditors, and financial institutions. In this course, the student will study the theoretical and practical basis of financial accounting systems leading to the preparation of the set of financial statements found in a company’s annual report. Student understanding of financial statement preparation and use will be enhanced through application of knowledge gained through problems, cases and realistic business situations.

AC4034 Management Accounting I
This course continues on from Managerial Accounting I with the important discussion of the management use of accounting information in the Public Administration program. Again, this course will cover some of the important ways in which managers can use accounting information for planning, control, and decision-making. While some attention is given to manufacturing companies, most of the techniques covered in this course are applicable to retailers, service providers, non-profit organizations and government. Students will learn how to use techniques like variance analysis and relevant costs for decision-making in a variety of potential employment situations through problem assignments and class discussion. Prerequisite: AC3054 Managerial Accounting I

AC4053 Financial Management I
This course introduces the main concept of financial management and its increasing importance in a business organization. Areas examined include, working capital management, capital structuring, capital budgeting, financial analysis and planning, business securities and taxes, financial markets, interest rates and project evaluation. Prerequisites: MA2033 Math of Finance II, AC2004 Accounting II.

AC6023 Taxation I
This course develops the concept of a business-decision approach to taxation from a management prospective. It outlines the fundamentals of tax planning by stating the techniques and skills required to apply tax knowledge. It provides an overview of the fundamentals of income determination for Individuals.

Semester 5
AC5005 Intermediate Accounting II
This course focuses on understanding assets and liabilities. Assets and liabilities on a balance sheet represent the economic resources and obligations of a business at a particular point in time. Building on Intermediate Accounting I, this course reviews and explores the detailed procedures and principles behind the financial accounting for all major types of assets and liabilities. Understanding this process will enhance the student’s ability to communicate and interpret information about these important elements of financial reporting. Learning will be supported through problem assignments and the use of a computerized practice set.

AC5033 Management Accounting II
This course continues on from Management Accounting I with the important discussion of the management use of accounting information. Again, this course will cover some of the important ways in which managers can use accounting information for planning, control, and decision-making. While some attention is given to manufacturing companies, most of the techniques covered in this course are applicable to retailers, service providers, non-profit organizations and government. Students will learn how to use techniques like variance analysis and relevant costs for decision-making in a variety of potential employment situations through problem assignments and class discussion. Prerequisite: AC4034 Management Accounting I

AC5053 Financial Management II
This course is a continuation of Financial Management I and includes the following: Topics: capital budgeting, security valuation, cost of capital and long-term financing decisions. Prerequisite: AC4053 Financial Management I

AC5015 Taxation II
This course develops the concept of a Corporation’s tax responsibilities and tax planning considerations. There is a direct reference to Canadian Controlled Private Corporations as they are afforded preferential treatment under Canadian Income Tax legislation. Determination of net income for tax purposes and taxable income is calculated. Individual and corporate tax returns are completed using current Income Tax Software.

BU5003 Operations Management
This course comprises of a study of techniques to optimize the operations of a business. Topics include: financial analysis of net present value, minimization of transportation costs, aggregate production, planning, locational theory, CPM and PERT scheduling and graphical linear programming.

MA4004 Business Statistics I
This course begins with descriptive statistics including frequencies distributions, histograms, percentiles, measures of central tendency (mean, median, mode), measures of dispersion (range, variance, standard deviation). Following descriptive statistics is an introduction to the theory of probability, probability distributions including the binomial distribution and the normal distribution. Finally, sampling distributions and interval estimation are covered.

Semester 6
AC6004 Intermediate Accounting III
This course is designed to follow Intermediate Accounting I & II. Topics include Long-Term Financial Liabilities, Shareholder’s Equity, Complex Financial Instruments, Earnings Per Share, Accounting for Corporate Income Tax, and Accounting for Leases.

AC6033 Accounting Applications II
This course is designed to provide practical applications of accounting principles and procedures using computerized accounting software packages such as Sage Accpac.

BU6021 Business Placement
This course consists of a six-week work placement that provides students with valuable practical experience and employment opportunities. Prerequisite: Graduation standing.

IN6334 Information Systems
People in every line of work and in every type of organization make use of information systems. Chances are, regardless of their future role, students will need to understand what information systems can and cannot do, and be able to use them to help them accomplish their work. Students will be expected to discover opportunities to use information systems and to participate in the design solutions to business problems employing information systems. Students will be challenged to identify and evaluate IS options. To be successful, students must be able to view information systems from the perspective of business and address their impact on fellow workers, customers, suppliers, and other key business partners. For these reasons, a course in information systems is essential for students in today’s high-tech world.

MA6033 Business Statistics II
This course is a survey of the methods used in statistical inference. Topics covered include sampling methods and sampling distributions, hypothesis testing for both large and small samples, analysis of variance, linear regression and correlation, multiple linear regression and correlation analysis, index numbers and time series.

AC6043 Auditing I
The course will explore the concepts and procedures of external auditing, which, when performed by an independent professional accountant, adds value to a set of financial statements. The main focus of the course is on the decision-making process and the purpose, scope and concepts of external auditing. International Standards of Auditing (ISA’s) have been adopted and the impact on Canada’s audit standards will be examined. This course also develops the framework within which audits are conducted, including the concepts and techniques of documenting audit evidence, assessing materiality and risk, audit planning., evaluating internal controls, professional ethics and auditor responsibilities, audit sampling, control assessment and testing, and communicating the results of the audit.

Download the complete Articulation Agreement list for Universities and Colleges (PDF, 113KB).
You can also visit OnTransfer. This site provides information and resources to help students and potential students find their way through Ontario’s postsecondary system.

Articulation Agreements – Universities

Program Degree at Receiving University
Algoma (Ontario)
Business Bachelor of Arts (Community Development)
Business Administration
Athabasca (Alberta)
Business-Accounting Bachelor of Management
Business-Marketing or Honours Bachelor of Management
Business Administration-Accounting or Honours Bachelor of Management with Major
Business Administration-Information Systems or Bachelor of Commerce or Bachelor of Commerce with Major
or Bachelor of Human Resources and Labour
Griffith (Australia)
Business Bachelor of Business
Business-Accounting Bachelor of Commerce
Business-Marketing Bachelor of Commerce (Accounting)
Business Administration
Business Administration-Accounting
Guelph (Ontario)
Business Administration Bachelor of Business Administration (Honours)
 
Fredericton (New Brunswick)
Business Bachelor of Science (Business Administration)
Business-Accounting
Business Administration
Business Administration-Accounting
Business Administration-Information Systems
Business Marketing
Community Economic and Social Development
Public Administration
Husson (Maine, USA)
Business Bachelor of Science (Business Administration)
Business-Accounting
Business Administration
Business Administration-Accounting
Business Administration-Information Systems
Business Marketing
Community Economic and Social Development
Public Administration
IOTI (Ireland)
Business Bachelor of Business (Mulitple Majors)
Business Administration Bachelor of Arts
Business Administration-Accounting
Business Administration-Human Resources
Business-Marketing
Lakehead (Ontario)
Business Administration Bachelor of Administration
Business Administration-Accounting Bachelor of Commerce (Honours)
Business Administration-Human Resources
Business Administration-Information Systems
Business Administration
Nipissing (Ontario)
Business Administration Bachelor of Business Administration
University of Ontario Institute of Technology (Ontario)
Business-Accounting Bachelor of Commerce (Multiple Majors)
Business Administration-Accounting
Business Administration-Human Resources
Business-Marketing
Ryerson (Ontario)
Business Administration Bachelor of Commerce (Business Technology Management)
or Bachelor of Commerce (Business Management)
Bachelor of Business Management
 
Windsor (Ontario)
Business Bachelor of Arts (General Labour Studies)
Business Administration Bachelor of Commerce (Honours Business Administration)
Algoma (Ontario)
Community Economic and Social Development Worker Bachelor of Arts (Community Economic and Social Development)
Community Economic and Social Development Administration
Law Clerk Laurentian (Ontario)
Bachelor of Arts in Law and Justice (Honours)
University of Ontario Institute of Technology (Ontario)
  Bachelor of Arts (Honours) in Legal Studies
Athabasca (Alberta)
Office Administration-Executive Bachelor of Professional Arts-Communications
Note 1: The information above is subject to change without notice at the institution’s discretion.
Note 2: Ryerson University may ask applicants to complete two or three university level liberal studies courses prior to admission.

Articulation Agreements – Colleges

Program Credential from Receiving College
Cambrian (Ontario)
All one and two year Business programs All one and two year Business programs
All three year Business Administration programs All three year Business Administration programs
Conestoga (Ontario)
All two and three year Businss programs Bachelor of Administration
Confederation (Ontario)
All one and two year Business programs All one and two year Business programs
All three year Business Administration programs All three year Business Administration programs
Humber (Ontario)
Business Business Administration-Professional Golf Management
Humber (Ontario)
Business Bachelor of Commerce (Multiple Majors)
Business-Accounting
Business-Marketing
Business Administration
Business Administration-Accounting
Seneca (Ontario)
All two and three year Business programs Bachelor of Commerce, Human Resources Strategy & Technology
Note: The information above is subject to change without notice at the institution’s discretion.