Professional Accounting Practice
(3 Consecutive Semesters)
|Start Dates:||Fall, |
Start dates are subject to change
|Credential Awarded:||Ontario College Graduate Certificate|
Qualified PRA graduates can go directly into year 3 of Seneca's Bachelor of Commerce - International Accounting & Finance (IAF)*. Seneca's IAF degree includes equivalencies for all twelve modules of the Chartered Professional Accountant (CPA) Prerequisite Educational Program (PREP).
Work in accounting and pursue the Certified Professional Accountant (CPA) designation (Levels 1 to 3). The short and intensive format of the PRA program is especially suited to you if you are a mature or motivated student seeking a career in accounting. Whether or not your diploma or degree is related to business, you may benefit from this program. No accounting background is required.
As a student of PRA, you’ll be introduced to the modern technological environment of business decision using spreadsheets (Excel), database software (Access), and integrated database application technologies (ERP) through exposure to accounting software package(s). Your courses will make use of hands–on computer applications and case studies based on real situations.
You’ll also gain industry exposure through research, cases, and projects.
For post-secondary students considering the pursuit of a professional accounting designation, this program currently provides the opportunity to obtain transfer credit toward the CPA designation through CPA Ontario.
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 GPA requirements
Program Learning Outcomes:
As a graduate, you will be prepared to reliably demonstrate the ability to:
- Integrate ethical decision-making processes into all aspects of the accounting profession.
- Apply recognized accounting principles to the systematic recording of transactions relating to assets, liabilities, owners’ equity, revenue, and expenses.
- Prepare appropriate transactions relating to partnership and corporate business structures.
- Prepare accurate and relevant financial statements.
- Analyze financial and managerial accounting information to assist in decision-making.
- Formulate accurate and timely financial information using accounting software.
- Integrate accounting information necessary for effective management decisions.
- Compare, contrast, and select, from among various methods of product and service costing those appropriate to a financial situation.
- Prepare effective operating budgets.
- Utilize statistical techniques effectively in the analysis of financial information.
- Integrate computer technologies into various business situations.
- Calculate measures appropriate to a variety of financial management situations.
- Recommend appropriate information systems structures, planning, and usage in a business.
- Recognize potential legal implications within a business situation.
- Produce effective written managerial communications.
- Evaluate the economic concepts to be applied to a business situation.
- A recognized degree or post secondary diploma from an accredited institution; OR
- Mature Student Status (age 19 or older) with 3 to 5 years of documented work experience in a related field. Relevant references must be provided.
- English proficiency at the college level.
- This program is ideal for individuals with little or no background in Accounting. Applicants who have credits from the CPA program for Levels 1-3 courses will be eligible to apply for exemption for equivalent courses in the program.
- Students are required to be highly literate and have a facility for mathematics and financial concepts. Superior communication and analytical skills are necessary.
- Prospective students may be required to undergo testing to assess literacy and mathematics skills.
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.
In just three semesters you will have the opportunity to earn credits equivalent to the first three levels of the CPA program. Level 3 CPA is a recognized level of competence in the accounting industry offering competitive salaries and positions. You will be prepared for employment with businesses of all sizes and scope, and will possess a sound financial foundation and the ability to use computerized accounting systems. Particular focus is on analysis and interpretation of financial information to make sound financial control and ethical decisions. Accounts receivable/ payable, general accounting reconciliation, financial statement preparation, presentation and analysis, as well as cost accounting and budgeting, are a few key areas where opportunities may exist for you as a PRA graduate. The program prepares you to articulate into the Seneca Accounting and Information Technology (AIT) Graduate Certificate program, the Seneca International Accounting and Finance degree, as well as other universities/colleges, to complete Level 4 of the CPA program and a business degree, if desired.
Qualified students who complete the PRA program of study receive Level 1 to 3 of the CPA professional accounting certification. For more information on the CPA program, please visit www.gocpaontario.ca/.
Diploma to Degree... and Beyond
Through transfer agreements and institution partnerships, graduates of this Seneca College program may be eligible for credit at the following post-secondary institution(s):
|Davenport University||• Any relevant Bachelor or Master of Business Administration|
CPA 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 Chartered Professional 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.
|Semester 1||Course Name||Hrs/Wk|
|BAB140||Introduction to Financial Accounting||4|
|BAB231||Introduction to Business Law||3|
|IAF340||Business Information Systems||3|
|LSP240||Micro Economics: Theory and Practice||3|
|Semester 2||Course Name||Hrs/Wk|
|IAF310||Intermediate Financial Accounting I||4|
|IAF320||Income Tax I||3|
|IAF530||Management Accounting - Intermediate||4|
|LSP340||Macroeconomics - Theory & Practice||3|
|Semester 3||Course Name||Hrs/Wk|
|IAF410||Intermediate Financial Accounting II||4|
|IAF420||Income Tax II||3|
|IAF710||Advanced Financial Accounting||4|
|IAF831||International Strategic Management||3|
Note: In partnership with CPA Ontario, in the PRA program Seneca is offering the CPA Prerequisite Education Program (CPA PREP) courses. The PRA program is designed for those who have an undergraduate degree in a discipline other than accounting and lack some or all of the prerequisite courses required for admission to the CPA Professional Education Program (CPA PEP). Course equivalencies are transitional and subject to change.
|Domestic Admissions Advisor:||Angelie Ramirez
Telephone: (416) 491-5050 Ext. 22058
|International Admissions Advisor:||Susan Gao
Telephone: (416) 491-5050 Ext. 22365
|Registration & Records Advisor:|
Telephone: (416) 491-5050 Ext. 22471
|Program Coordinator:||Doug Stephenson
Telephone: (416) 491-5050 Ext. 22731
|Program Student Advisor:||Sheilagh Stephenson
Telephone: (416) 491-5050 Ext. 22795
|Program Chair:||Karen Murkar
Telephone: (416) 491-5050 Ext. 22337