Accounting and Finance

Program Description

This program provides students with a good technical knowledge of financial accounting, cost and managerial accounting, taxation, financial management, auditing and technology applications. The program is known as a premier accounting and finance program with an excellent reputation for quality in the marketplace.

Students extensively use Microsoft Excel and Access database software as tools to solve business problems. Microsoft Dynamics is used to introduce students to the modern integrated technological environment of business.

Admission Requirements

Program Eligibility:

• Ontario Secondary School Diploma with a majority of senior credits at the College Preparation (C), University Preparation (U) or University/College Preparation (M) level or Mature Student Status (age 19 or older)
• Grade 12 English: ENG4(C) or ENG4(U)
• Grade 12 Mathematics: (C) or (U) or Grade 11 Mathematics (U) or (M)

Applicant Selection:

• Applicant grades in pre-requisite subjects (or their equivalents) may be used as a basis for the selection of candidates.

Your Career

Graduates are prepared for careers as accountants in all sectors of the economy, for example in the financial services, manufacturing, and public sectors. Graduates' positions include accountant, taxation audit analyst, internal audit technician, managerial accountant, budget co-ordinator, payroll administrator, junior financial analyst or loans officer positions. The Certified General Accountants Association (CGA) recognizes Seneca’s Accounting and Finance graduates. At the time of printing, students can obtain 11 exemption credits towards the CGA designation and write three challenge exams.

Multiple pathways lead to exciting business careers or continued degree level education.

Pathways to University Degree

This program is known for its rigorous curriculum leading to a multitude of career and educational opportunities. Students gain the highest number of CGA exemptions and challenge exams available in an Ontario diploma program. Qualified graduates gain seamless entry into our Accounting and Information Technology (AIT) graduate certificate to obtain Level 4 of the CGA, as well as exemption from the Audit Case, or gain admission to the 3rd year of Seneca's International Accounting and Finance (IAF) degree to obtain Level 4 of the CGA, as well as exemptions leading to the CA. Please see details of these pathways in the diagram titled “Pathways to Certification and a Seneca Degree” or contact the applicable Program Co-ordinator or our School Student Advisor.

Please visit our website for more information and admission requirements for these highly affiliated programs.

• Accounting and Information Technology (AIT)Graduate Certificate:
  www.senecac.on.ca/fulltime/AIT.html
   
• International Accounting and Finance (IAF) Degree:
  www.senecac.on.ca/fulltime/IAF.html

Transfer Options within Seneca

The School of Accounting and Financial Services offers seamless transfer to a multitude of degree, diploma and certificate programs, given a common first year in most diploma and certificate programs within the Faculty of Business.

Professional Certification

Qualified students who complete the ACF program of study receive Level 3 of the CGA and may challenge 3 additional exams. For more information on the CGA program, please visit www.cga-ontario.org.

Co-operative Education Option

In the second semester, students will have the opportunity to apply for admission to the co-op option, which will commence in the third semester. Selection is based primarily on academic achievement in the Accounting and Finance program, recommendations from program faculty, and the results of a listening comprehension test and interview. Acceptance to this program option provides students with the opportunity to secure paid work terms alternating with the academic semesters. Students complete up to three work terms but only two are required for graduation. The student has a shared responsibility for securing employment opportunities. The co-op option allows students to combine classroom learning and real-world experience. Contact the Co-op Office for further information.

* Only two co-op work terms available for this cycle.

The Importance of Learning Skills

Student success in college requires well developed learning skills (such as being able to work independently, participate in a team, be well-organized, develop good work habits, and show initiative). These skills are as important as prior academic achievement. While it is expected that applicants would have developed these skills through previous education and life experiences, Seneca offers support to assist students with further development of these important skills.

Pathways to Certification and a Seneca Degree

Diploma to Degree... and Beyond

Through transfer agreements and institution partnerships, graduates of this Seneca College program may be eligible for credit at the following universities and colleges:

Toronto

Ontario

Canada

U.S.

International

Curriculum

Curriculum currently under review:

*Common First Year for all School of Accounting and Accounting and Finance students (excluding Accounting and Payroll).

Note: Individual subjects have specific pre-requisites and co-requisites. Students must attain a B in ACC 220, Accounting Basics II, to enrol in ACC 415, Intermediate Accounting I.

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