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  • Bachelor of Commerce - International Accounting and Finance Degree

    Bachelor of Commerce - International Accounting and Finance Degree

(Co-op)

Program Code:IAF
Campus:Newnham
Duration:8 Semesters (4 Years)
Start Dates:Fall, Winter,
Start dates are subject to change
Credential Awarded:Bachelor of Commerce

Program Description

In IAF, you’ll gain a unique accounting education based on the requirements and the competencies set out by the bodies that govern the CA, CGA, and CMA designations, thus enabling you to be job–ready in the Canadian and global business environment. You will possess depth and breadth of knowledge in the areas of accounting, business, finance and technology, as well as effective critical thinking, problem–solving, communication, interpersonal and team skills. You’ll use your accounting and financial skills while completing courses leading to one of the professional designations.

Seneca's Bachelor of Commerce-International Accounting & Finance includes equivalencies for all twelve modules of the Chartered Professional Accountant (CPA) Prerequisite Educational Program (PREP)*.

For post-secondary students considering the pursuit of a professional accounting designation, this program currently provides the opportunity to obtain transfer credit toward the CGA designation through CGA Ontario: http://www.cga-ontario.org/College_Transfer_Credits.aspx

Information provided on our website is that which is in effect at the time of writing. Students should be aware that the recognized professional accounting bodies in Ontario are undergoing unification negotiations which may continue to result in a number of significant changes to the qualification processes and requirements for these professional designations. Students interested in pursuing a professional accounting designation are advised to check with the relevant accounting body website and to continue to check these websites on a regular basis for updates.

* minimum grade requirements are in effect

Program Learning Outcomes:

As a graduate, you will be prepared to reliably demonstrate the ability to:

  • Demonstrate effective critical thinking and problem solving skills.
  • Demonstrate a practical knowledge of the computer as a management and accounting tool.
  • Demonstrate a sound understanding of computer and information technology, as required to use and participate in the design and control of complex information systems and to manage and adapt to technological change.
  • Accurately apply the knowledge and principles, learned in the Program, in the Canadian and global context.
  • Effectively research, select key data, process the information and analyze data, to arrive at valid and useful conclusions.
  • Demonstrate effective communication skills, oral, written, and verbal.
  • Effectively integrate knowledge in different fields such as business, accounting and finance.
  • Apply the principles and language of different fields: accounting, finance, law, ethics, human behavior, auditing and economics.
  • Work effectively and cooperatively as a team member, making decisions, using effective strategies and taking initiative.
  • Prepare and design different business internal control systems or transactions in accounting and finance.
  • Demonstrate effective learning skills and technique.
  • Demonstrate accurate knowledge of organizational structure and management skills.

Admission Requirements

Program Eligibility:

  • Ontario Secondary School Diploma (OSSD) or equivalent with:
    • Six Grade 12 (U) or (M) courses with a minimum 65% average including:
      • Grade 12 English: ENG4(U)
      • Grade 12 Mathematics: any (U) level Mathematics
  • OR Mature Student Status (age 19 or older) with the above prerequisite course(s) or their equivalent(s).

Note:

  • IAF students must successfully complete BAB110 and BAB140 within their first two semesters of study to continue in the program. To be eligible for graduation, students must successfully complete a co–op work semester.
  • In accordance with PEQAB requirements, this program has a minimal overall acceptable achievement for progression.
  • Scholarship opportunities are available for candidates with distinguished academic records in their high school careers. A variety of scholarships and bursaries are available to students based on merit and financial needs.

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. Seminars, workshops and tutoring are available at Seneca's Learning Centres.

Fees

Loading Tuition Costs

Your Career

According to Ajilon Professional Staffing, accounting professionals remain among the most in–demand workers in the country and the need for accounting talent will only continue to grow. As a graduate of Seneca’s Bachelor of Commerce – International Accounting & Finance degree you will be prepared to pursue professional accounting designation such as the CA, CMA and/or CGA. In addition, you’ll have a strong knowledge base on which to build a career as small business controller, divisional and corporate accountant, accountant technology analyst, investment accountant, international financial analyst, etc.

Co-operative Education

The co–op work–term provides you with a valuable opportunity to become involved in real–life work experiences where critical thinking, problem– solving and interpersonal skills are utilized. One work–term is mandatory and is scheduled during the winter semester after semester 5. Please note: you’ll have a shared responsibility to secure employment opportunities.

For more information, please visit: www.senecacollege.ca/coop.

CO-OP WORK TERM MODEL
  Fall Winter Summer
Year 1 Semester 1 Semester 2 Vacation
OR
Year 1   Semester 1 Semester 2
Year 2 Semester 3 Semester 4 Vacation
Year 3 Semester 5 Paid Co-op Term Semester 6
Year 4 Semester 7 Semester 8 Graduation

Pathways to a Degree

This program is known for its rigorous curriculum leading to many career and educational opportunities.

Other Business Diploma Programs:

If you have completed at least one semester of study in any two– or three–year diploma program you may be eligible for entry into the first semester of the International Accounting and Finance four–year degree program. If you have successfully completed two semesters or more of any business diploma program you may be eligible for transfer credit and entry into the second, third, or fourth semester of the degree program, depending on grade point average and the number of semesters completed.

Accounting Diploma Students:

If you have completed a two–year Accounting diploma program you may be eligible for admission to the third semester (second year) of the degree program. Completion of a three–year Accounting diploma program may qualify you for the fifth semester (third year) of the degree program. If you are a graduate of the Accounting and Information Technology Graduate Certificate program you may be eligible for the seventh semester (fourth year) of the degree program (leads to CGA designation only).

Other Business Degree Students:

Given a common first year in all Seneca business degree programs, students can seamlessly transfer to the IAF degree from other Seneca degrees after one year, or vice versa.

Liberal Studies Electives

Liberal studies electives will be offered to students in semesters 3 to 8.

Professional Certification

The Seneca IAF degree program enables graduates to pursue the following professional designations:

CA: The IAF degree has been approved by the Institute of Chartered Accountants of Ontario (ICAO) as satisfying the "51 credit–hour requirement" for academic qualification for the CA designation. For more information on the Chartered Accountant (CA) designation, please visit www.icao.on.ca.

CGA: The IAF degree is accredited by CGA Ontario as meeting the requirements for direct entry into its program of professional studies. For more information on the Certified General Accountant (CGA) program, please visit www.cga–ontario.org.

CMA: The IAF degree is accredited by CMA Ontario as meeting the education requirements to enter the CMA program and write the CMA entrance exam. For further information on the Certified Management Accountants (CMA) program, please visit www.cma–ontario.org.

Please contact the Program Co–ordinator with any questions.

CGA Ontario Learning Centre

Grow your accounting and finance skill set in a space dedicated to supporting and engaging Seneca students, whether at the introductory or advanced levels of their accounting studies. Academic support is offered in partnership with the Certified General Accountants of Ontario. Located in the Newnham Campus Learning Centre.

Important Academic Dates

Please take a few moments to view Important Academic Dates for your relevant semester.

Curriculum

Semester 1 Course Name Hrs/Wk
BAB100 Introduction to Canadian Business 3
BAB110 Financial Mathematics 3
BAB120 Computer Applications for Business I 3
BAB140 Introduction to Financial Accounting 4
ENG106 Writing Strategies 3
 
Semester 2 Course Name Hrs/Wk
BAB210 Business Statistics 3
BAB220 Computer Applications for Business II 3
BAB231 Introduction to Business Law 3
BAB235 Introduction to Marketing 3
BAB240 Management Accounting 4
ENG205 Applied Communication for Business and Industry 4
 
Semester 3 Course Name Hrs/Wk
IAF310 Intermediate Financial Accounting I 4
IAF330 Finance 4
IAF340 Business Information Systems 3
LSP240 Micro Economics - Theory and Practice 3
LSP400 Presentation Skills 3
LSOXXX Liberal Studies Elective 3
 
Semester 4 Course Name Hrs/Wk
HST430 Organizational Behaviour 3
IAF410 Intermediate Financial Accounting II 4
IAF530 Management Accounting - Intermediate 4
LSP340 Macroeconomics - Theory and Practice 3
LSOXXX Liberal Studies Elective 3
 
Semester 5 Course Name Hrs/Wk
IAF320 Income Tax I 3
IAF520 Auditing 3
IAF540 Database Management 3
IAF550 Quantitative Methods for Decision Making 2
LSP500 Ethics and Social Responsibility 3
CPP600 Co-op Professional Practice 2
 
Semester 6 Course Name Hrs/Wk
IAF420 Income Tax II 3
IAF610 Computerized Auditing 3
IAF620 Financial Management 3
IAF640 Business Cases I 3
LSOXXX Liberal Studies Elective 3
CPP700 Co-op Integration and Career Planning 1
 
Semester 7 Course Name Hrs/Wk
BAB905 Project Management 3
IAF510 Accounting Theory 4
IAF710 Advanced Financial Accounting 4
IAF716 Operations Management 3
LSP700 Applied Research Methodology 3
 
Semester 8 Course Name Hrs/Wk
IAF816 Critical Thinking, Analysis and Decision 3
IAF826 Advanced Auditing 3
IAF831 International Strategic Management 3
IAF841 Management Accounting - Advanced 3
LSP800 Applied Research Project 3

Seneca has been granted a consent by the Minister of Training, Colleges and Universities to offer this degree for a 5-year term starting January 28, 2014. In conformity with the Minister’s criteria and requirements, Seneca will submit an application for the renewal of the consent for this program 12 months prior to the expiration of the consent. Seneca shall ensure that all students admitted to the above-named program during the period of consent will have the opportunity to complete the program within a reasonable time frame.

Contact Us

Admissions Advisors:
Domestic Admissions Advisor: Angelie Ramirez
Telephone: (416) 491-5050 Ext. 22058
Email: Angelie.Ramirez@senecacollege.ca
International Admissions Advisor: Susan Gao
Telephone: (416) 491-5050 Ext. 22365
Email: Susan.Gao@senecacollege.ca
Registration & Records Advisor:
  June Allison
Telephone: (416) 491-5050 Ext. 22471
Email: June.Allison@senecacollege.ca
Program Contacts:
Program Student Advisor: Sheilagh Stephenson
Telephone: (416) 491-5050 Ext. 22795
Email: Sheilagh.Stephenson@senecacollege.ca
Program Coordinator: Jamie Aldcorn
Telephone: (416) 491-5050 Ext. 26570
Email: Jamison.Aldcorn@senecacollege.ca
Co-op Coordinator: Denise Olah
Telephone: (416) 491-5050 Ext. 22359
Email: Denise.Olah@senecacollege.ca
Program Chair: Karen Murkar
Telephone: (416) 491-5050 Ext. 22337
Email: Karen.Murkar@senecacollege.ca

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Testimonial

“I am really satisfied with what I have experienced and learned in the International Accounting and Finance program. I have not only mastered basic financial and managerial accounting, but have also learned some essential business skills...which help lay a good foundation for understanding how business is conducted today. I like the way the concept of the courses is presented in an interrelated manner...but what I really enjoy the most, is the relatively small class sizes, which allow for a more interactive experience with professors and classmates."

Yuhong Wan
IAF student

Seneca – Toronto, Canada Edit Page