Accounting




What is Accounting?

Accounting is the process of gathering, measuring, interpreting, and communicating information to enable others inside and outside a firm to make informed decisions.  Accounting information and interpretation of financial reports affect business decisions ranging from adjusting inventory to the payment of dividends.

At the Faculty of Business Administration, theory and practice are integrated to expand your understanding of the creation, uses, and limitations of financial and managerial accounting.  Courses are continually updated to reflect changes in accounting standards and theories, and focus on the evolution of accounting thought rather than its technical details.  Honours Bachelor of Commerce students with the required accounting courses are exempt from the first of two entrance exams for the Certified Management Accountant professional designation.


Career Opportunities

Upon graduation, you can begin a career as a public accountant, financial accountant, management accountant, government accountant, internal auditor, compliance auditor, and computer systems auditor.  Accounting professionals are highly valued because of their ability to prepare, summarize, and organize complex data into precise, reliable, timely, and easily understood reports.

Professional Certifications Available After Graduation

  • CA: Chartered Accountant
  • CMA: Certified Management Accountant (Canada, USA, Hong Kong, China)
  • CGA: Certified General Accountant (Australia)
  • CPA: Certified Public Accountant
  • CIA: Certified Internal Auditor (Canada and USA)
  • CFA: Certified Forensic Accountant

Honours Bachelor of Commerce Requirements for Accounting Major

Please cross reference both the program structure and all courses listed on this page with the University Course Calendar for any updates.  Please review the overall structure and Faculty Regulations of Business programs for more information.


YEAR ONE (HB Commerce: Accounting Major)


Admission Requirement

The minimum requirement is satisfactory completion of the Ontario Secondary School Diploma (OSSD) including 6 Ontario Academic Courses (or equivalent) with an overall average of at least 70%.  Students must have completed OAC English I (or equivalent).  Two of the three OAC maths (or equivalents) are recommended.  Students with one of the three OAC maths will be considered.


Required Courses

Note: scroll down the linked page of "View Calendar Description" to find the specific course.

Elective Courses


YEAR TWO (HB Commerce: Accounting Major)


Admission Requirement:

Satisfactory completion of all courses required for Year I - Honours Bachelor of Commerce with an overall average of at least 60%.

Required Courses

Note: scroll down the linked page of "View Calendar Description" to find the specific course.


YEAR THREE (HB Commerce: Accounting Major)


Admission Requirement:

  • Satisfactory completion of Year II - Honours Bachelor of Commerce with an overall average of at least 70% based on all Year II courses
  • The student must meet the pre-requisite for each elective selected.

Required Courses

Note: scroll down the linked page of "View Calendar Description" to find the specific course.



Elective Courses

NOTE

Business 3012 - Advanced Financial Accounting and Business 4032 - Topics in Financial Accounting are compulsory in either Year III or IV.


YEAR FOUR (HB Commerce: Accounting Major)


Required Courses

Note: scroll down the linked page of "View Calendar Description" to find the specific course.



Elective Courses

  • Four Open FCE Electives
    • View the regulation for elective course selection
      (item "(i)" on the linked page)
    • Open electives may include the following courses for professional designation:
      • View Business Course Calendar Descriptions
      • Business 3012 - Advanced Financial Accounting
      • Business 4032 - Topics in Financial Accounting
      • Business 4072 - Advanced Corporate Taxation
      • Business 4232 - Controllership
      • Business 4272 - Taxation
      • Business 4412 - Auditing I
      • Business 4432 - Auditing II
      • Business 4452 - Information Systems Auditing

      NOTE

      Business 3012 - Advanced Financial Accounting and Business 4032 - Topics in Financial Accounting are compulsory in either Year III or IV.