Diploma in Business - Accounting (Online)


Program Description

Program Details

  • Program Code: 2381
  • School: The Business School
  • Credential: Ontario College Diploma
  • Program Type: Post-secondary program
  • Program Length: 2 years/ 4 semesters
  • Start Date: Fall, Winter, Summer
  • Location: Online

Program Overview

Centennial College's Business – Accounting program was created for students seeking excellent accounting-related training in a short time frame.

In this two-year Business School program, you'll learn the basics of accounting through a rigorous curriculum that will focus on expanding employable skills. While this business program will include the quality features of all Centennial College accounting programs, it will concentrate on building proficiency in financial and managerial accounting and on fostering in-depth knowledge of accounting software. Because they're essential for career success, communication and analytical skills will also be emphasized.

As a graduate of this diploma program, you'll be able to look forward to rewarding employment opportunities in a wide range of business sectors.

Program Highlights

  • In the Business – Accounting program, you'll build a strong foundation of skills necessary for pursuing a profession in accounting.
  • Professors in The Business School have strong academic backgrounds, deep subject matter expertise, and extensive business and management experience.
  • Your transition into the workplace will be made easy with training in industry-standard accounting software, including QuickBooks and Sage ACCPAC ERP.

Program Outline

Semester 1 Semester 2
  • ACCT-112 Financial Accounting 1
  • COMM-160/161 College Communication 1
  • COMP-106 Applied Business Software 1
  • GNED General Education Elective
  • GNED-500 Global Citizenship: From Social Analysis to Social Action
  • MKTG-116 Principles of Marketing

Semester Note:
Students with an English assessment score of 170/171 will take COMM170/171 in the first semester.
Students with a MATH assessment score of less than 36/45 will be required to take
MATH128 or MATH118 based on MATH assessment test.
Students who test into MATH 128 will be subject to an additional fee.

  • ACCT-150 Small Business Software
  • ACCT-221 Financial Accounting 2
  • ACCT-257 Accounting Information Systems 1
  • COMM-170/171 College Communication 2
  • COMP-126 Applied Business Software 2
  • ECON-205 Principles of Microeconomics

Semester 3 Semester 4
  • ACCT-226 Taxation 1
  • ACCT-228 Accounting Microcomputer Applications 1
  • ACCT-256 Intermediate Financial Accounting 1
  • BUSN-225 Research Methods and Data Analysis 1
  • BUSN-333 Business Culture and Collaborative Practices

  • ACCT-222 Management Accounting 1
  • ACCT-224 Corporate Finance 1
  • BUSN-331 Business Law
  • ECON-206 Principles of Macroeconomics
  • GNED General Education Elective
  • HRMT-300 Organizational Behaviour

Semester Note:
Minimum Program GPA of 2.0 (C Grade average), required to graduate.

Program Vocational Learning Outcomes

Program Vocational Learning Outcomes describe what graduates of the program have demonstrated they can do with the knowledge and skills they have achieved during their studies. The outcomes are closely tied to the needs of the workplace. Through assessment (e.g., assignments and tests), students verify their ability to reliably perform these outcomes before graduating.

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


Career Options, Academic Pathways, and Partners

Articulation Agreements

Start with a diploma, end with a degree! Successful graduates of this Business - Accounting program will have the opportunity to apply their credits towards further study at the degree level. Listed below are the degrees from partnering institutions that are available for this program. Students should note that each partnership has a specific minimum grade requirement to qualify to transfer credits.

Please visit our website at www.centennialcollege.ca/admissions/applying/education-pathways/outbound-pathways for more information on articulation agreements.

Career Outlook

  • Junior (entry-level) accountant
  • Accounting clerk
  • Accounting assistant
  • Accounts payable clerk
  • Accounts receivable clerk
  • Accounts payable officer
  • Accounts receivable officer
  • Credit and collections officer
  • Fixed asset management officer
  • Auditor
  • Accountant
  • Financial consultant
  • Financial officer

Areas of Employment

  • Accounts payable
  • Accounts receivable
  • Credit and collections
  • Fixed asset management
  • Inventory control
  • Managerial and cost accounting
  • Payroll

Admission Requirements

Academic Requirements

  • Ontario Secondary School Diploma (OSSD) or equivalent, or mature student status (19 years or older)
  • English Grade 12 C or U, or equivalent (minimum grade required) or take the Centennial College English Skills Assessment for Admission
  • Mathematics Grade 11or 12 C, M or U, or equivalent (minimum grade required) or take a Centennial College Math Skills Assessment for Admission

Additional Requirements

  • English language proficiency
Last updated Jul 2020

About the School

Centennial College is Ontario’s first public college with five campuses in Toronto, Canada. Centennial offers high-quality Canadian Education that is hands-on and employment-focused. Programs at Cente ... Read More

Centennial College is Ontario’s first public college with five campuses in Toronto, Canada. Centennial offers high-quality Canadian Education that is hands-on and employment-focused. Programs at Centennial promote experiential learning with laboratory instruction, co-op education, and industry placements Read less