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.


This program is offered through Northern Colleges Collaboration Program (NCCP)

For the January 2017 intake, your classes include professors and students from other partner colleges, brought together in a virtual classroom. All students will join classes through web-conferencing software using a computer, laptop or mobile device with a headset or earbuds with a microphone. Classes will be delivered at scheduled times (synchronous delivery) and will be recorded for later review. To allow for flexibility, students may join classes at the college or anywhere you have connectivity. Students will have access to all college services at the college where they register.

Learn more about Northern Colleges Collaboration Program (NCCP).


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 Fundamentals.
AC1034 Introduction to Financial Accounting
BU1003 Introduction to Business Concepts
BU1103 Introduction to Human Resources
CM1903 Communications I – Model A
IN1003 Computer Applications for Business
MA1024 Business Math
MR1073 Introduction to Marketing
NA2053 Canadian Government
* Note: For January intake Canadian Government NA2053 is in Semester 1

Semester 2 – Same as Business Fundamentals.
AC2034 Financial Accounting II
BU4033 Microeconomics
CM2903 Communications II – Model A
EL1113 Business Elective I
EV7003 Issues in Environmental Sustainability (Contact North only students CK, KL, HL)
MA2024 Business Math II
MR2003 Marketing II
NA2053 Canadian Government
* Students who apply for Business General or Business Accounting will take Spreadsheet Management (IN2003) as a business elective. Students who apply for Business Marketing or Business Administration Human Resources will take Organizational Behaviour (BU2063)

Semester 3
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
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

AC1034 Introduction to Financial Accounting
This course gives hands-on training in fundamental accounting concepts as applied in service and merchandising firms. Students will be taken through a complete accounting cycle and will record and report financial transactions. Topics include recording entries, preparing financial statements and accounting for merchandising activities. This course will be essential for further study in financial accounting.

BU1003 Introduction to Business Concepts
In this course, students will be introduced to business in Canada, focusing on introductory topics for those interested in employment in a business management role. Topics of study will include the relationships between the areas of finance, human resources, marketing, and operations within an organization, business ethics and social responsibility, management concepts and practices, and an exploration of the entrepreneurial spirit. The course brings in numerous examples of practical applications with the involvement of the learners from real-life situations and personal experiences to analyze the concepts discussed. There is also key emphasis on developing awareness towards corporate social responsibility and the relation between ethical practices and management.

BU1103 Introduction to Human Resources
In this course, students will learn how proper recruitment/selection strategies, and training and development methods, maintain an organization’s competitive advantage. The integral role of job design and analysis in affecting compensation management and performance appraisal decisions will be examined. Students will investigate a variety of employment and health and safety laws as they relate to managing a diverse workforce. In addition, the fundamental principles of the union-management framework will be explored.

CM1903 Communications I Model A
Communications is a process that defines how we engage with the world. Writing is essential and represents the most important formal process of communication. Communications 1 is a practical course designed to help students strengthen both oral and written skills as required in industry today. Students learn theory and practical applications of good business/technical planning as well as advanced sentence-writing techniques. Students acquire knowledge of effective communication practices in today’s world of work and apply basic sentence techniques, paragraph strategies, and specialized oral and writing skills including proper usage of MLA format in business and/or technical writing situations. The students will also learn about the informal channels of communication that support the creation of authentic relations with peers, colleagues, family and the community. Instruction in both formal and informal communication processes combine to assist students to become successful members of the workplace and the communities in which they live. Students will be expected to exhibit professionalism in a diverse and inclusive classroom environment.

IN1003 Computer Applications for Business
Students in this course will gain practical hands-on experience using email, word processing, presentation, and accounting software. The Microsoft Office suite is the most prevalent used by business today and components of the Office package will be utilized in this course. Sage 50 accounting software is widely used across Canada by many small and medium sized businesses and will be the accounting software of choice. Students will record business transactions in the General Journal, Accounts Payables, Accounts Receivables, and Inventory modules. Students will also calculate and account for sales taxes.

MA1024 Business Math
In this course, students will begin with a review of basic arithmetic and algebraic manipulations, continuing with the following topics: ratios and proportions, percentages and the percentage formula, discounts, mark-ups and mark-downs, payroll scenarios, break-even analysis, and simple interest.

MR1073 Introduction to Marketing
This course is an informative introduction into marketing. Students will become acquainted with current Canadian marketing concepts, terminology and practices, examine strategies to apply them to contemporary marketing situations, and gain an understanding of how they affect an organization’s profitability. Students will also explore consumer and business marketing, product planning, building customer relationships and creating customer value. This course provides a basic understanding of Canadian marketing structures and techniques including defining and segmenting target markets and interpreting market research data.

Semester 2

AC2034 Financial Accounting II
In this course, students will examine, in more depth, select assets and liabilities found on the balance sheet as well as learn to account for equity transactions involving partnerships and corporations. Assets examined include cash, accounts receivable, notes receivable, plant, property, and equipment and intangibles. Liabilities studied will include short and long term notes payable, bonds, warranty liabilities and income tax liabilities.

BU4033 Microeconomics
This course is designed to introduce the student to the study of economics, beginning with the field of microeconomics. Topics include: supply and demand, elasticity, consumer choice, and production costs in the short and long run.

CM2903 Communications II – Model A
Communications 2 is a one-semester course which applies the oral and written communication tools learned in the first semester to specific business/technical applications as required by industry today. The student will enhance writing skills acquired in COMM1 and learn to produce effective documents including business letters, memoranda,emails, employment documents as well as reports and problem-solving documents as applicable to their field of study. The course presents the theory and practice necessary for the planning and presentation of short informal and formal reports and introduces the dynamics of planning and participating in meeting situations. Students will participate in mock interviews (as applicable), so that they are prepared to sell themselves as they transition into the competitive employment market. Students will continue to review grammatical structures and apply editing strategies to business/technical documents through both in-class activities and the usage of the customized online grammar tool. As with COMM1, the content will be inclusive and reflect the diverse workplace that students will find themselves in in the future.

EL1113 Business Elective I *
Business General and Business Accounting Students:
IN2003 Spreadsheet Management
In this course, students will have exposure to a comprehensive windows-based financial spreadsheet package to enhance their problem solving abilities. The package used will be Microsoft Excel 2013 for Windows. The student will use this as a tool to prepare various reports and presentations and applications which can be transferred in work commonly performed in the modern office. Students will gain hands on experience in learning and understanding the software, as well as creating and developing spreadsheet applications. Students will develop and enhance spreadsheets, charts, data lists, tables, macros and perform what-if analysis.

BU2063 Organizational Behaviour
In this course, students will be introduced to managing organizational behaviour in a Canadian business environment, at the same time keeping in mind the increasingly interdependent nature of the world economies. We examine management from the managerial as well as employee point of view, both in an individual and group context. There is significant emphasis on how OB research into the area of workplace experience of managers and employees contributes to the productivity of the organization. The course brings in numerous examples of practical applications with the involvement of the learners from real-life situations and personal experiences to analyze the concepts discussed. There is also key emphasis on developing awareness towards corporate social responsibility and the relation between ethical practices and organizational behaviour.

MA2024 Business Mathematics II
In this course, students will develop their skills and understanding of business mathematics involving interest calculations, compound interest, annuities, loan financing, bonds and investment decision making.

MR2003 Marketing II
In this course, students will follow 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/service 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.
This course builds on the foundation of MR1073 Introduction to Marketing I. Students will continue to examine current Canadian material on marketing and determine strategies for developing new products and services that are consistent with evolving marketing needs and principles of sustainability. Students will apply their knowledge in producing a marketing plan where they will set marketing objectives, develop a marketing mix, along with developing marketing strategies. Budgetary considerations will be taken into account, and evaluation criteria identified. Students will also contribute to the development of pricing strategies and participate in conducting market research to provide information needed to make marketing decisions. The development of analytical marketing skills will be emphasized through the use of problems and case studies.

NA2053 Canadian Government
This course is designed to enable the student to understand the operation, structure, and function of Canadian government. In addition students will watch and examine government action it its impact upon Canadians, the interaction between of the three levels of government. In addition, the historic, economic, social and political environments in which the government exists will be discussed.

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.

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