Purpose

The Accounting Diploma is being designed to provide students with a solid foundation in business management in the first year of the program and an opportunity for more advanced, specialized study of accounting in the second year.

Students graduating from the Accounting Diploma are prepared to work as  accounting assistants, auditing clerks, tax preparers, and accounting technicians. 

Duration 

The program will have four academic terms and must be completed within five years from the date the student began studies in the first term of the program.

Learning Outcomes

Upon successful completion of this program, graduates will be able to:

• Communicate effectively and respectfully as business professionals
• Apply business principles, theories, skills and best practices
• Record financial transactions for sole proprietorships, partnerships, private enterprises, publiclyaccountable enterprises and non-profit organizations
• Prepare and present financial statements, and reports for sole proprietorships, partnerships and privateenterprises
• Apply fundamental management accounting and financial management concepts to assist with thedecision-making in an organization
• Use accounting software to perform accounting, payroll and tax remittance functions in a computerizedformat
• Prepare individual income tax returns and provide basic tax planning advice in compliance with theCanadian Income Tax Act
• Apply critical thinking and problem solving techniques to make sound management decisions and recommendations
• Apply principles of corporate social responsibility, sustainability and ethics in their work as business professionals

Admission Requirements

• Grade 12 graduation or equivalent
• Knowledge of English demonstrated by one of the following:
  • English 12 with a minimum ‘C+’ grade or equivalent, or
  • English Language Proficiency at an English 12 ‘C+’ level
• Knowledge of mathematics demonstrated by one of the following:
  • Math 11 Foundations with a ‘C+’ grade or equivalent, or
  • Pre Calculus 11 with a C+ grade or equivalent, or
  • VCC Math 0861 and 0871 with a C+ grade, or
  • VCC Math Assessment with the following scores: Basic Math with a minimum 80% and Algebra with a minimum 60%

Program Requirements

Plan of Study Grid

First Year
Term One		Credits
MGMT 1001	Business Mathematics	3
MGMT 1004	Business Communication	3
MGMT 1021	Computer Applications for Mgmt	3
MGMT 1006	Fundamentals of Marketing	3
ACCT 1035	Financial Accounting 1	3
	Credits	15
Term Two
MGMT 1002	Introduction to Economics	3
MGMT 1011	Information Technology Mgmt	3
MGMT 1003	Principles of Management	3
ACCT 1045	Financial Accounting 2	3
MGMT 2014	Financial Management	3
	Credits	15
Second Year
Term One
MGMT 1005	Organizational Behaviour	3
MATH 1111	Introduction to Statistics	3
ACCT 2035	Management Accounting	3
ACCT 2045	Intermediate Accounting 1	3
ACCT 2001	Accounting Software Apps	3
	Credits	15
Term Two
MGMT 1010	Bus. Sustainability & Ethics	3
MGMT 2017	Canadian Business Law	3
ACCT 2002	Canadian Income Tax 1	3
ACCT 2003	Business Data Analytics	3
ACCT 2055	Intermediate Accounting 2	3
	Credits	15
	Total Credits	60

Evaluation of Student Learning

Evaluation of courses is determined by the instructors and may include a combination of midterm and final examinations, quizzes, assignments, homework, individual and group projects, case studies, and simulations. To encourage active learning and student engagement, each course will have a mechanism to evaluate individual student participation.

Students must receive a minimum cumulative grade point average of C+ (2.33) upon completion of all courses to successfully graduate and a minimum cumulative grade point average of C (2.00) in each term to advance into subsequent courses/terms in the program.

Prior Learning Assessment and Recognition (PLAR)

Students may request formal recognition of prior learning attained through informal education, work, or other life experience, including Indigenous ways of knowing. Credits may be granted to students who are able to sufficiently demonstrate the learning outcomes of specific courses.

PLAR is available for the following courses: MGMT 1001 Business Mathematics, MGMT 1021 Computer Applications for Management.
Only 6 credits of this program may be completed by PLAR.

Methods for assessing prior learning may include exams, portfolios, interviews, and other evaluations.

Please contact the Department for details. If PLAR is successful, transcripts will reflect an ‘S’ grade (satisfactorily completed), which is not included in grade point average (GPA) calculations

See VCC’s D.3.5 Prior Learning Assessment and Recognition Policy and Procedures for more information.

Transcript of Achievement

The evaluation of learning outcomes for each student is prepared by the instructor and reported to the Student Records Department at the completion of semesters.

The transcript typically shows a letter grade for each course. The grade point equivalent for a course is obtained from letter grades as follows:

Transcript of Achievement

Grade	Percentage	Description	Grade Point Equivalency
A+	96-100		4.33
A	91-95		4.00
A-	86-90		3.67
B+	81-85		3.33
B	76-80		3.00
B-	71-75		2.67
C+	66-70		2.33
C	61-65		2.00
C-	56-60		1.67
D	50-55	Minimum Pass. May not proceed to next level.	1.00
F	0-49	Failing Grade	0.00
S	70 or greater	Satisfactory. In accordance with departmental evaluation procedures.	N/A
U		Unsatisfactory. In accordance with departmental evaluation procedures.	N/A
I		Incomplete	N/A
IP		Course in Progress	N/A
W		Withdrawal	N/A
Course Standings
R		Audit. No Credits	N/A
EX		Exempt. Credit Granted	N/A
TC		Transfer Credit	N/A

Grade Point Average (GPA)

1. The course grade points shall be calculated as the product of the course credit value and the grade value.
2. The GPA shall be calculated by dividing the total number of achieved course grade points by the total number of assigned course credit values. This cumulative GPA shall be determined and stated on the Transcript at the end of each Program level or semester.
3. Grades shall be assigned to repeated courses in the same manner as courses taken only once. For the purpose of GPA calculation of grades for repeated courses, they will be included in the calculation of the cumulative GPA.