Business – Accounting Program B103

  • Program Name:
    Business – Accounting
  • Code: B103
  • Credential:
    Ontario College Diploma
  • Method of Study:
    Full-time
  • Duration:
    2 years (4 semesters)
  • Centre:
  • School: Accounting & Finance
  • Location: St. James Campus
  • Starting Months: January, September
  • Domestic Tuition:
    $4,500.00 *
  • International Tuition:
    $18,151.00 **

Program Availability

Semester Domestic International
Fall 2023
Open
Open
Winter 2024
Open
Opens Apr 3, 2023
Spring 2024
Not Available
Not Available

Overview

Program Overview

The Business – Accounting two-year diploma program provides you with a solid background in basic accounting concepts and practices, as well as broad-based business skills related to accounting application software, spreadsheets and databases, economics, communications, law and taxation. This rigorous learning experience will enable you to build and demonstrate the skills you need to work in the field of accounting.

Full Description

The Business – Accounting two-year diploma in Toronto provides you with a solid background in basic accounting concepts and practices, as well as broad-based business skills related to accounting application software, spreadsheets and databases, economics, communications, law and taxation. This rigorous learning experience will enable you to build and demonstrate the skills you need to work in the field of accounting.

These industry-ready skills include:

  • processing common business transactions
  • preparing reports on an organization's financial performance
  • preparing financial budgets and plans to support management decisions
  • analyzing operating performance

This Centre for Business program is part of our School of Accounting and Finance.

ACBSP Global Business Accreditation logoEarn Your College Credential from a Business School Accredited by ACBSP

George Brown College's Centre for Business programs has earned international recognition from the Accreditation Council for Business Schools and Programs (ACBSP). Centre for Business diplomas, advanced diplomas, and degree programs, 14 in total, have been accredited globally at our Schools of Accounting & Finance, HR, Management, and Marketing. George Brown is now one of only two colleges in Ontario to have earned ACBSP accreditation. 

Program KPIs

ProgramYearGraduate Employment (%)Graduate Satisfaction (%)
B1032019-2010091
B1032020-213363

Your Field Education Options

George Brown College endeavours to provide field education opportunities with real-world challenges and clients. Find out more about field education at the Centre for Business.

Program Learning Outcomes

The graduate demonstrates the ability to:

  1. Record financial transactions in compliance with Canadian Generally Accepted Accounting Principles for sole proprietorships, partnerships, private enterprises, publicly accountable enterprises and nonprofit organizations.
  2. Prepare and present financial statements, reports and other documents in compliance with Canadian Generally Accepted Accounting Principles for sole proprietorships, partnerships and private enterprises.
  3. Contribute to recurring decision-making by applying fundamental management accounting concepts.
  4. Prepare individuals’ income tax returns and basic tax planning in compliance with relevant legislation and regulations.
  5. Analyze organizational structures, the interdependence of functional areas, and the impact those relationships can have on financial performance.
  6. Analyze, within a Canadian context, the impact of economic variables, legislation, ethics, technological advances and the environment on an organization’s operations.
  7. Outline the elements of an organization’s internal control system and risk management.
  8. Contribute to recurring decision-making by applying fundamental financial management concepts.

Courses

Required Courses

In order to graduate from the B103 program, you need to complete 25 courses: 22 Mandatory courses, and 3 General Education Electives.

Depending on the results of your placement tests, you may be required to take COMM 1000 (Introduction to College Communication) before progressing to COMM 1007. Similarly, you may be required to take MATH 1027 (Business Math with Remediation) before progressing to MATH 1191. COMM1000 and MATH 1027 do not count toward the 25 courses required for graduation, and you will be charged for these extra courses. Please speak to the Business Office staff if you need any assistance.

General Education Courses (semesters 2, 3, and 4): You must complete three General Education courses chosen from at least two of the following categories: Social Sciences (GSSC), Arts and Humanities (GHUM) or Science and Technology (GSCI).

You are required to make up any failed or dropped courses before you are eligible to graduate. You can make up these courses during the day, and some are offered in the evening through Continuing Education. Please check with the business office staff to ensure that the Continuing Education courses are equivalent to what is taught in the full-time program. Note that some courses may not be offered in every semester. Our staff can assist you in any special timetable requirements you may have.

SEMESTER 1

CodeCoursesPre-requisite
ACCT 1001Accounting Fundamentals 1NONE
BUS 1038Business Concepts INONE
COMM 1007College EnglishNONE
MATH 1191Mathematics of FinanceNONE
ECON 1031MicroeconomicsNONE
CMMK 1087Human SkillsNONE

SEMESTER 2

CodeCoursesPre-requisite
ACCT 1012Accounting Fundamentals IIACCT 1001
COMP 1010Business Computer Applications INONE
ECON 1032MacroeconomicsNONE
COMM 1034Professional Communications ICOMM1007
PSY 1129Organizational BehaviourNONE
Select One General Education Elective

SEMESTER 3

CodeCoursesPre-requisite
ACCT 2001Financial Accounting 1ACCT 1012
ACCT 2011Management Accounting IACCT 1012
ACCT 2012Accounting Application SoftwareACCT 1012
STAT 1010Quantitative Methods IMATH 1191
LAW 2003Commercial LawNONE
STS 1037Career Planning and DevelopmentNONE
Select One General Education Elective

SEMESTER 4

CodeCoursesPre-requisite
ACCT 2036Financial Accounting IIACCT 2001
ACCT 2014Management Accounting IIACCT 2011
ACCT 2013Accounting Information SystemsACCT 1012
ACCT 3008Finance IACCT 1012
ACCT 2028Taxation IACCT 1001
Select One General Education Elective

General Education Electives

Articulation Agreement

George Brown College has agreements with several universities in Canada, the United States and abroad that may give you credit for your college diploma.

Career & Postgraduate Study Opportunities

Career Options

Graduates are prepared for careers in a wide range of business sectors including manufacturing, merchandising, service organizations, federal, provincial and municipal government offices, banks and other financial institutions. Graduates of the program have found employment as:

  • accounts analyst
  • accounts payable and receivable clerk
  • bookkeeper
  • customer service representative

Educational Pathways

This two-year diploma has a pathway to the Business Administration – Accounting B107/B157 three-year advanced diploma.

Degree Transfer Option

Graduate of the Business Administration – Accounting diploma may be eligible to transfer into in the Bachelor of Commerce (Financial Services) program. Eligibility will be assessed based on completion of the entire program, individual courses, and/or program GPA. For more information, please contact either:

Katherine Friesen kfriesen@georgebrown.ca
Francis Taylor francis.taylor@georgebrown.ca
Kelly Jung kelly.jung@georgebrown.ca

For information on additional future study options, see our transfer guide.

Designations

Graduates of this program may wish to pursue membership with the Association of Chartered Certificate Accountants (ACCA). For more information please visit the ACCA website.

The B103 program is accredited by ACCA until December 30, 2022. Graduates of B103 before this date are entitled to the following exemptions:

ACCA QualificationsFoundations in Accountancy (FIA) Qualification
  • Business and Technology (BT)
  • Management Accounting (MA)
  • Financial Accounting (FA)
  • FA1 Recording Financial Transactions
  • MA1 Management Information
  • FA2 Maintaining Financial Records
  • MA2 Managing Costs and Finance
  • FBT Business and Technology
  • FMA Management Accounting
  • FFA Financial Accounting

 

Note: The requirements for each designation/certification are set by the granting body, not George Brown College. In order to qualify for these designations/certifications, you need to follow the process listed on its websites and meet all the requirements applicable to you.

Tuition and Fees

Domestic Tuition

$4,500.00 *

International Tuition

$18,151.00 **

Additional Costs

*Amounts listed are the total of tuition, materials, student service and ancillary fees for the first two semesters of programs starting in Fall 2022. Fees are subject to change for programs starting in Fall 2023 and at later dates.

** Amounts listed are the estimated total of tuition, materials, student service and ancillary fees for the first two semesters of programs starting in Fall 2023. Tuition fees are subject to board approval. Material, student service and ancillary fees are estimated based on prior years. All fees are subject to change without notice.

International Students

Visit the International Fees and Related Costs page for more information. 

Financial Assistance

This program is approved for OSAP funding, provided the applicant meets OSAP eligibility criteria.

Disclaimer: The information contained in this website is subject to change without notice. It should not be viewed as a representation, offer or warranty. Students are responsible for verifying George Brown College fee requirements.

How to Qualify and Apply

Admission Requirements

Applicants are selected on the basis of their academic achievement, including the required courses, and any other selection criteria outlined below.

  • Ontario Secondary School Diploma or equivalent**
  • grade 12 English (C or U)
  • grade 11 math (C, M or U) or grade 12 (C or U)

** Mature student status (19 years of age or older)

Mature students may take the Admissions Assessment for English and math, OR may consider upgrading to achieve the credit(s) needed in English and math.

Please note that George Brown is committed to ensuring that applicants will succeed in their program of choice and meeting the minimum requirements does not guarantee admission to the program. Applicants may be required to have grades higher than the minimum requirements stated.

COURSE EXEMPTIONS

Some college and university credits may qualify you for exemptions. Please visit our transfer guide for more information.

ENGLISH LANGUAGE PROFICIENCY

Proficiency in English communications is necessary for success in this program. Please review our English proficiency requirements.

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    University

    George Brown College

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    Country

    Canada

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    Program Discipline

    Business, Management and Economics

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    Duration

    2 years (4 semesters)

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    Tuition fee

    CAD 18151.00 / Per Year

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    Cost of Living

    CAD 10000

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    Average processing time

    1 month

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    Program Category

    Postgraduate Program

IELTs Requirements:
  • Total score

    6.5

  • Writing band score

    6.5 (min)

  • Listening band score

    6.0 (min)

  • Reading band score

    6.0 (min)

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