Accounting

Accounting is the backbone of business operations, dealing with budgets, profit and loss, and financial planning. Prepare for your career by completing either a one-year certificate or a two-year diploma. Completion of the diploma prepares you to enter directly into Year 3 of the Bachelor of Business Administration in Sustainable Business Practices degree program or to transfer to a number of other certifications.

Program Overview

The Accounting program can be completed either full-time or part-time and is available both completely online and in-class. As with all Business Management programs, our Accounting program has a focus on sustainability, preparing you to be competitive in the changing business landscape.

Upon completion of the Accounting diploma, students are eligible to take advantage of block transfer agreements the College has with many other Canadian colleges and universities. Transfer is available to most Canadian post-secondary institutions on a case-by-case basis. Students can also enter directly into Year 3 of the Bachelor of Business Administration in Sustainable Business Practices degree program at College of the Rockies.

Why Choose Accounting as a Career?

An accounting education opens up numerous career paths including working for auditing and accounting firms as well as for all types of businesses throughout the private and public sectors.
You may choose to be self-employed as a consultant or contract specialist.
Your accounting education is a starting point to becoming a Chartered Professional Accountant (CPA).
The median compensation for BC professional accountants (CPA) in 2017 was $100,000.

Note: Upon successful completion of all Year 1 courses, you can graduate with a Business Management Certificate.

Benefits of Our Program

Students who complete their Accounting diploma and BBA at College of the Rockies will be eligible to enter straight into a Chartered Professional Accounting (CPA) Professional Education Program (PEP). We recommend you speak with an Education Advisor regarding transfer credit.

The main advantages of attending College of the Rockies Accounting Program:

Stay at home and earn your diploma and degree
Online or face to face instruction available
Work while you upgrade your skills and enhance your career
Lower tuition costs
Smaller class sizes
More access to instructors
Enter the CPA PEP program directly after completing your ACCT diploma and degree in 4 years

Accounting Diploma Program Structure:

Year 1 Fall Semester	Credits
ACCT 261 Introductory Financial Accounting 1	3
MGMT 212 Business Law	3
ECON 101 Microeconomics	3
ENGL 100 English Composition	3
MATH 101 Finite Mathematics 1 or MATH 111 Business Mathematics or MATH 103 Differential Calculus	3
Total	15

Year 1 Winter Semester	Credits
ACCT 262 Introductory Financial Accounting 2	3
COMC 102 Advanced Professional Communication	3
COMP 154 Computer Applications in Business	3
ECON 102 Macroeconomics	3
STAT 106 Statistics	3
Total	15

Year 2 Fall Semester	Credits
ACCT 363 Taxation 1	3
ACCT 371 Corporate Finance 1	3
ACCT 373 Intermediate Financial Reporting 1	3
ACCT 375 Introductory Management Accounting	3
ACCT 369 Quantitative Methods in Business	3
Total	15

Year 2 Winter Semester	Credits
ACCT 372 Corporate Finance 2	3
ACCT 374 Intermediate Financial Reporting 2	3
ACCT 364 Taxation 2	3
ACCT 350 Accounting Software Application	3
MGMT 411 Business Management Review	3
Total	15

View official Program Outline.

Course Descriptions

Year 1 – Semester 1 – Fall

ACCT-261 – Introductory Financial Accounting 1

This course introduces students to the basic accounting cycle including preparation of useful financial statements. Other topics include accounting for cash, receivables, inventory, and payroll.

Minimum Credits: 3
Length: 45 hours
Prerequisites: Either English 12, English Studies 12, English First Peoples 12, ENGL 090, or equivalent. Minimum 60% in either MATH 080, Foundations 11, Pre-Calculus 11, Essentials 11, Applications 11, Principles 11, Computer Science 11, Computer Science 12, Foundations of Math 12, Pre-Calculus 12, Statistics 12, Geometry 12, or equivalent.
Delivery Method: ? On-campus, Online
Cost: $337.50
Course Outline

MGMT-212 – Business Law

In this course, the underlying principles and rules of common law are examined together with applicable statute law. Torts are studied, including the making of contracts, their effect and completion; agency; legal forms of business; contracts of employment; sale of goods; negotiable instruments; methods of securing debt; and bankruptcy law.

Minimum Credits: 3
Length: 45 hours
Prerequisites: Either English 12, English Studies 12, English First Peoples 12, ENGL 090, or equivalent.
Delivery Method: ? On-campus, Online
Cost: $337.50
Course Outline

ECON-101 – Microeconomics

This course deals with the economic principles that govern the individual segments of the economy. Topics include supply and demand, price elasticity, utility, cost of production, perfect and imperfect market structures, theory of production, the demand for factors, and the pricing of factors. Some current business situations are discussed.

Minimum Credits: 3
Length: 45 hours
Prerequisites: Minimum of 60% in either MATH 080, Foundations 11, Pre-Calculus 11, Essentials 11, Applications 11, Principles 11, Computer Science 11, Computer Science 12, Foundations of Math 12, Pre-Calculus 12, Statistics 12, Geometry 12, or equivalent.
Delivery Method: ? On-campus, Online
Cost: $337.50
Course Outline

Electives (Choose one of the following Maths)

Choose from: MATH-101, MATH-111 or MATH-103

MATH-101 – Finite Mathematics 1

This course is intended for students who require an appreciation of higher mathematics, but don’t require calculus. MATH 101 stresses a logical and critical thinking approach while investigating the following topics: an introduction to matrices and to linear algebra; linear programming and the Simplex method; set theory, counting techniques and probability; and introduction to statistics; and Markov Processes.

Minimum Credits: 3
Length: 45 hours
Prerequisites: Either a minimum grade of 65% in one of Foundations 11, Pre-Calculus 11, Applications 12, Principles 11, or MATH 080; or Foundations of Math 11 and 70% or higher in Foundations of Math 12; or Pre-Calculus 12; or Calculus 12; or minimum grade of 65% in both Statistics 12 and Computer Science 12.
Delivery Method: ? On-campus, Online
Cost: $337.50
Course Outline

MATH-111 – Business Mathematics

This course emphasizes the mathematics required in general business processes. It begins with a brief review of arithmetic and algebra. These skills are then applied to business situations requiring the use of percentages, markup, simple interest and compound interest. The emphasis is on applied business mathematics and the use of a hand-held business calculator. This course is designed to prepare students for the mathematical and analytical applications required in subsequent business and economics courses.

Minimum Credits: 3
Length: 45 hours
Prerequisites: Minimum of 60% in either MATH 080, Pre-Calculus 11, Foundations of Math 11, Applications of Math 11, Principles of Math 11, Computer Science 11, Computer Science 12, Foundations of Math 12, Pre-Calculus 12, Geometry 12, Statistics 12, Calculus 12, or equivalent.
Delivery Method: ? On-campus, Online
Cost: $337.50
Course Outline

MATH-103 – Differential Calculus

This course is intended for students who are pursuing a Bachelor of Science degree. Topics include: functions, limits, continuity, derivatives, their interpretation, differentiation rules, techniques of differentiation, implicit differentiation, inverse functions, exponential functions, logarithms, applications of differentiation such as linear approximations, Newton’s method, related rates, analysis of graphs, and optimization, the Mean Value Theorem, definite and indefinite integrals, integration by substitution, Riemann sums, and applications of integration.

Calculus is a necessary step in any career in the sciences including Biology, Chemistry, Commerce, Computer Science, Engineering, Geology, Mathematics, Medicine, and Physics. It is also useful in any field which uses Statistics to analyze data.

Minimum Credits: 3
Length: 60 hours
Prerequisites: Either a minimum of 65% in Math 090, Math 100, or Principles 12; or Pre-Calculus 11 AND Pre-Calculus 12 with a minimum of 65%; or Pre-Calculus 12 and a minimum of 75% in Calculus 12.
Delivery Method: ? On-campus, Online
Cost: $337.50
Course Outline

Year 1 – Semester 2 – Winter

ACCT-262 – Introductory Financial Accounting 2

This course is a continuation of ACCT 261. This course includes capital assets, liabilities, partnerships, corporations, cash flow, and financial statement analysis.

Minimum Credits: 3
Length: 45 hours
Prerequisites: A minimum grade of C- (55%) in ACCT 261.
Delivery Method: ? On-campus, Online
Cost: $337.50
Course Outline

COMC-102 – Advanced Professional Communication

This course presents the written and oral communication strategies required in any workplace environment. Students gain practical experience that centers on gathering, summarizing and critically assessing information to produce professional documents. Students will also gain a better understanding on how basic design elements enhance the readability of workplace documents and online communication. This course also focuses on helping students develop speaking skills appropriate to informal and formal presentations and interviews.

Minimum Credits: 3
Length: 45 hours
Prerequisites: ENGL 100, COMC 101 or COMC 150
Delivery Method: ? On-campus, Online
Cost: $337.50
Course Outline

COMP-154 – Computer Applications in Business

This course examines information systems theory and utilizes computer technology. Students will explore the application of technology in organizations. Students will investigate information systems, evaluate organizational needs, and develop effective solutions. Security, legal and ethical issues will be examined along with characteristics of professional administration. Microsoft Office applications, including Word, Excel, PowerPoint, Access and Outlook, will be utilized to create effective business artifacts and fulfill organizational needs.

Minimum Credits: 3
Length: 75 hours
Prerequisites: Familiarity with Microsoft Office and basic computing skills, or COMP 153 are recommended.
Delivery Method: ? On-campus, Online
Cost: $337.50
Course Outline

ECON-102 – Macroeconomics

This course presents the economic principles that govern the behaviour of the nation’s economy. Topics include production possibility, supply and demand, national income analysis, money and banking, fiscal and monetary policy, and international trade. Current Canadian economic problems are discussed.

Minimum Credits: 3
Length: 45 hours
Prerequisites: Minimum of 60% in either MATH 080, Foundations 11, Pre-Calculus 11, Essentials 11, Applications 11, Principles 11, Computer Science 11, Computer Science 12, Foundations of Math 12, Pre-Calculus 12, Geometry 12, Statistics 12, Geometry 12, or equivalent.
Delivery Method: ? On-campus, Online
Cost: $337.50
Course Outline

STAT-106 – Statistics

This course introduces the fundamental ideas of statistics and can be applied to any discipline. Topics include: collection, description, and presentation of data; calculating central tendency and dispersion; probability and statistical inference; hypothesis testing (means, proportions, variances, one and two samples); correlation and regression; decision making and sampling, Goodness of Fit Tests, and Contingency Tables.

Minimum Credits: 3
Length: 60 hours
Prerequisites: A minimum of 60% in either Principles of Math 11, Foundations of Math 11, Applications of Math 11, Pre-Calculus Math 11, Statistics 12, Pre-Calculus 12, Calculus 12, MATH 080, or MATH 101; or a minimum grade of 65% in either Foundations of Math 12, Geometry 12, or Computer Science 12; or any grade in Foundations of Math 11 and 70% or higher in Foundations of Math 12; or a minimum grade of 60% in MATH 111.
Delivery Method: ? On-campus, Online
Cost: $337.50
Course Outline

Year 2 – Semester 1 – Fall

ACCT-363 – Taxation 1

This course is an introduction to Canadian taxation. It focuses on the understanding of the nature and structure of the Income Tax Act. Topics covered in this course include liability for tax and rules for computing income, taxable income, allowable deductions and taxes payable for individuals.

Minimum Credits: 3
Length: 45 hours
Prerequisites: A minimum grade of C- (55%) in ACCT 262.
Delivery Method: ? On-campus, Online
Cost: $337.50
Course Outline

ACCT-371 – Corporate Finance 1

This course, along with ACCT 372, is an introduction to managerial finance. It focuses on the environment in which financial decisions are made, the analysis required to make financial decisions, and the theoretical framework on which the analysis is based. Topics covered include an introduction to taxation, the Canadian financial system, securities markets, the valuation of securities, capital budgeting, capital structure, the cost of capital, dividend policy, sources of financing, working capital management, international finance, and corporate reorganizations.

Minimum Credits: 3
Length: 45 hours
Prerequisites: A minimum grade of C- (55%) in ACCT 262 and a C- (55%) in MATH 101, MATH 111 or MATH 113 or equivalent.
Delivery Method: ? On-campus, Online
Cost: $337.50
Course Outline

ACCT-373 – Intermediate Financial Reporting 1

This course starts with a review of the accounting cycle and discussion of accounting concepts and principles. It is the first half of a two-part course in intermediate-level financial reporting. Topics covered include a conceptual framework, income statement and retained earnings statement, balance sheet and disclosure notes, cash flow statement, revenue and expense recognition and measurement, current monetary balances, inventory and cost of sales, capital assets, goodwill and deferred charges, amortization and impairment and investments in debt and equity securities.

Minimum Credits: 3
Length: 45 hours
Prerequisites: A minimum grade of C- (55%) in ACCT 262 and a C- (55%) in either MATH 101, 111 or 113
Delivery Method: ? On-campus, Online
Cost: $337.50
Course Outline

ACCT-375 – Introductory Management Accounting

This course is an introduction to managerial and cost accounting. Topics include: introduction to managerial accounting, building blocks of managerial accounting, cost behavior, cost volume profit analysis, job costing, activity based costing, short-term business decisions, master budget & responsibility accounting, flexible budgets and standard costs, performance evaluation & the balanced scorecard, capital investment decisions and the time value of money.

Minimum Credits: 3
Length: 45 hours
Prerequisites: A minimum grade of C- (55%) in ACCT 262 and a C- (55%) in MATH 101, MATH 111 or MATH 113 or equivalent.
Delivery Method: ? On-campus, Online
Cost: $337.50
Course Outline

ACCT-369 – Quantitative Methods in Business

This course is designed to help students learn to express organizational problems in mathematical terms. Topics include linear programming; transportation, assignment and transshipment problems; project scheduling (PERT/CPM); inventory and waiting line models; simulation; decision theory; and forecasting. Microsoft Excel will be used for solving various business problems.

Minimum Credits: 3
Length: 45 hours
Prerequisites: A minimum grade of C- (55%) in STAT 106 and COMP 153 or COMP 154
Delivery Method: ? On-campus, Online
Cost: $337.50
Course Outline

Year 2 – Semester 2 – Winter

ACCT-372 – Corporate Finance 2

This course develops analytical techniques and financial theories used to make optimal decisions in a corporate setting. The course builds on and extends the concepts and tools covered in ACCT 371. Students are exposed to key financial concepts and tools commonly used by managers in making sound financial decisions.

Minimum Credits: 3
Length: 45 hours
Prerequisites: A minimum grade of C- (55%) in ACCT 371
Delivery Method: ? On-campus, Online
Cost: $337.50
Course Outline

ACCT-374 – Intermediate Financial Reporting 2

This course is the second half of a two-part course in intermediate-level financial reporting. Topics covered include accounting for liabilities, shareholders’ equity, complex debt and equity instruments, corporate income taxes, tax losses, leases, pensions, earnings per share, accounting changes, cash flows, and other measurement and disclosure items.

Minimum Credits: 3
Length: 45 hours
Prerequisites: A minimum grade of C- (55%) in ACCT 373
Delivery Method: ? On-campus, Online
Cost: $337.50
Course Outline

ACCT-364 – Taxation 2

This companion course to ACCT 363 completes the introduction to Canadian taxation by focusing on corporate taxation. This course deals with GST, taxation of corporations, corporate reorganizations, partnerships, trusts and estate planning.

Minimum Credits: 3
Length: 45 hours
Prerequisites: A minimum grade of C- (55%) in ACCT 363
Delivery Method: ? On-campus, Online
Cost: $337.50
Course Outline

ACCT-350 – Accounting Software Application

This course provides students with a practical working knowledge of commonly used accounting software program Sage 50. Students will gain an understanding of using accounting software for the full accounting cycle. Topics covered include accounts receivable, accounts payable, payroll, bank reconciliations and month/year end processing.

Minimum Credits: 3
Length: 45 hours
Prerequisites: A minimum grade of C- (55%) in ACCT 262 and COMP 154
Delivery Method: ? On-campus, Online
Cost: $337.50
Course Outline

MGMT-411 – Business Management Review

This is an intensive capstone course intended to pull together all the subjects covered in the Business Administration Diploma Program. This course is designed to involve the student in running a business in a team environment and to show how it all comes together by utilizing a computerized business simulation. Students design and present a business plan to a board of directors; make operating, financial, marketing and human resource decisions; and prepare business reports.

Minimum Credits: 3
Length: 45 hours
Prerequisites: Completion of at least three semesters (15 courses) towards diploma; this course is taken in final semester before graduating with a diploma.
Delivery Method: ? On-campus, Online
Cost: $337.50
Course Outline

Admission Requirements

Your Costs

Additional Info

Accounting Diploma – Block Transfer Agreements

To Institution	Program
Athabasca University	Bachelor of Commerce Post Diploma Programs _{Note: Students must complete CMIS 245 (AU) or an acceptable equivalent to be eligible for admission to the program.}	Transfer Agreement
Athabasca University	Bachelor of General Studies – Applied Studies (Accounting) _{Note: Accounting Diploma students receive 51 credits from their diploma and require an additional 30 university studies credits for this transfer. University Studies credits (Arts, Humanities, Social Sciences or Sciences)include: 15 credits (5 courses) must be senior level in any area of study, 3 credits (1 course) must be junior or senior level Humanities and 12 credits (4 courses) can be junior level in any area of study. Total possible transfer credits: 81 credits}	Transfer Agreement
Athabasca University	Bachelor of Human Resources and Labour Relations (Post Diploma)	Transfer Agreement
Athabasca University	Bachelor of Management Post Diploma Programs _{Note: Students must complete CMIS 245 (AU) or an acceptable equivalent to be eligible for admission to the program.}	Transfer Agreement
Athabasca University	Bachelor of Professional Arts – Communication Studies	Transfer Agreement
Canadian Institute of Bookkeeping	Certified Bookkeeper Full-time – Canadian Institute of Bookkeeping (for more information visit the CIB site) CIB COURSE COLLEGE COURSE CODE NAME CODE NAME CIB 111 Computer Applications I COMP 153 Introduction to Computer & Data Processing CIB 112 Bookkeeping I ACCT 261 Accounting I CIB 113 Bookkeeping II ACCT 262 Accounting II CIB 221 Computer Applications II COMP 154 Computer Applications in Business CIB 222 Computerized Bookkeeping I OFAD 178 Simply Accounting CIB 223 Computerized Bookkeeping II 1 BACC 242 Computerized Accounting II CIB 331 Cost Management ACCT 375 Management Accounting I CIB 332 Income Tax ACCT 363 Intro to Taxation I CIB 333 Payroll Administration 1 BACC 243 Payroll Administration 1 – Offered online through Okanagan College Distance Education: Academic / Continuing Education www.okanagan.bc.ca	More Information
Capilano University	Bachelor of Business Administration _{Note: Applicants must meet Capilano University’s School of Business admission requirements and Capilano University’s admission and general English Language requirements.}	Transfer Agreement
College of the Rockies	Bachelor of Business Administration	Transfer Planning Form
Okanagan College	Bachelor of Business Administration _{Note: Individual assessment required. Must have diploma and minimum GPA 67%}	Transfer Agreement
Royal Roads University	Bachelor of Arts in Professional Communication _{Note: Individual assessment required. In addition you must complete English 100 with a B or greater.}	Transfer Agreement
Royal Roads University	Bachelor of Business Administration in Sustainability and International Business _{Note: Individual assessment required.}	Transfer Information
Royal Roads University	Bachelor of Commerce in Entrepreneurial Management _{Note: Individual assessment required.}	Transfer Information
University of Lethbridge	Post-Diploma Bachelor of Management _{Note: Graduates will be guaranteed admission if their diploma GPA is 3.0 or higher.}	Transfer Agreement
University of Northern British Columbia	Bachelor Of Commerce	Transfer Information

Tuition Year 1:	$3,375.00
Tuition Year 2:	$3,375.00
Application Fee:	$30.00
Student Association Fee:	$138.00
Bus Pass Fee:	$177.60
Lab Fee:	$154.86
Health and Dental Fee:	$459.00
Total	$7,709.46

Tuition Year 1	$11,700.00
Tuition Year 2	$12,650.00
Application Fee	$100.00
International Fee	$100.00
Student Association Fee	$138.00
Bus Pass Fee	$177.60
Lab Fee	$151.86
Health and Dental Fee	$459.00
Total	$25,476.46