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International Accounting and Finance

International Accounting and Finance

(Degree)

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

Program Description

Graduates of this program will be provided with a unique accounting education enabling immediate, practical application in the Canadian and global business environment. Graduates will also possess depth and breadth of knowledge in the areas of business, finance and technology. They will develop effective critical thinking, problem solving, communication, interpersonal and team skills, using accounting and financial skills as a tool, while completing courses leading to professional certification for the CA and CGA designations.

Admission Requirements

Program Eligibility:

  • Ontario Secondary School Diploma with a majority of senior credits at the University Preparation (U) or University/College Preparation (M) level or Mature Student Status (age 19 or older)
  • 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
  • Mature students (age 19 years or older) must submit proof of credits in the above subjects or their equivalent.

Applicant Selection:

  • Applicant grades in pre-requisite subjects (or their equivalents) and the overall academic average of 6 Grade 12 (U) or (M) courses will be used as a basis for the selection of candidates.

Promotion and Graduation Requirements:

  • The minimum requirement for promotion and graduation is an average of C+ (2.5) in subjects in the main field of study (professional subjects), and an average of C (2.0) in all other subjects.
  • 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.

Your Career

Graduates will be able to work in such professionally focused positions as small business controller, divisional and corporate accountant, accountant technology analyst, investment accountant, international financial analyst and will be qualified to pursue a high demand professional accounting designation such as the CA and CGA.

Seneca College has been granted a consent by the Minister of Training, Colleges and Universities to offer this applied degree for a five-year term starting September 1, 2006 . Seneca will 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 .

Co-operative Education

The co-op work term provides the learner with the 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 after semester 5. The student has a shared responsibility to secure employment opportunities.

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 a multitude of career and educational opportunities.

Other Business Diploma Programs: Students who have completed at least one semester of study in any Two or Three year diploma program may be eligible for entry into the first semester of the International Accounting and Finance four-year degree program. Students who have successfully completed two semesters or more of any business diploma program 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: Students who have completed a two-year Accounting diploma program may be eligible for admission to the third semester (second year) of the degree program. Students who have successfully completed a three-year Accounting diploma program may be eligible for the fifth semester (third year) of the degree program. Students who have completed the Accounting and Information Technology Graduate Certificate program 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.

General Education Electives

General education electives will be offered to students in semesters 2 to 8.

Professional Certification

The Seneca IAF degree program allow graduaes to pursue the following professional certification:

  • CA: 42 IAF courses have been approved by the Institute of Chartered Accountants of Ontario (ICAO) toward the "51 credit-hour requirement" for academic qualification for the CA designation. For more information on the Chartered Accountant (CA) designation and the status of the Institute's recognition of Seneca's IAF degree,please visit www.icao.on.ca.
     
  • CGA: Qualified students who complete the IAF program of study receive Level 4 of the CGA and continue on to complete the Audit Case and PACE level courses. For more information on the Certified General Accountant (CGA) program, please visit www.cga-ontario.org.
     
  • CMA: For the status of Seneca's application for accreditation by the Society of Management Accountants of Canada, please visit www.cma-canada.org. Please see the Program Co-ordinator with any questions.

Curriculum

Semester 1 Subject Name Hrs/Wk
BAB100 Introduction to Canadian Business 3
BAB110 Financial Mathematics 4
BAB120 Computer Applications for Business I 4
BAB140 Introduction to Financial Accounting 4
BAB150 Career Foundation Skills 3
ENG106 Writing Strategies 3
 
Semester 2 Subject Name Hrs/Wk
BAB210 Business Statistics 4
BAB220 Computer Applications for Business II 4
BAB230 Introduction to Business Law 4
BAB235 Introduction to Marketing 3
BAB240 Management Accounting 4
ENG205 Applied Communication for Business and Industry 4
 
Semester 3 Subject Name Hrs/Wk
IAF310 Intermediate Financial Accounting I 4
IAF320 Income Tax I 4
IAF330 Finance 4
IAF340 Business Information Systems 4
LSP240 Micro Economics - Theory and Practice 3
LSP400 Presentation Skills 3
 
Semester 4 Subject Name Hrs/Wk
HST430 Organizational Behaviour 3
IAF410 Intermediate Financial Accounting II 4
IAF420 Income Tax II 4
IAF530 Management Accounting - Intermediate 4
LSP340 Macroeconomics - Theory and Practice 3
LSOXXX Liberal Studies Elective 3
 
Semester 5 Subject Name Hrs/Wk
IAF440 Global Economics 3
IAF510 Accounting Theory 4
IAF520 Auditing 4
IAF540 Database Management 4
IAF550 Quantitative Methods for Decision Making 2
LSP500 Ethics and Social Responsibility 3
CPP600 Co-op Professional Practice 2
 
Semester 6 Subject Name Hrs/Wk
IAF605 International Business Management 3
IAF610 Computerized Auditing 4
IAF620 Financial Management 3
IAF630 International Law and Tariffs (Import and Export) 3
IAF640 Business Cases I 3
LSOXXX Liberal Studies Elective 3
CPP700 Co-op Integration and Career Planning 1
 
Semester 7 Subject Name Hrs/Wk
BAB905 Project Management 4
IAF710 Advanced Financial Accounting 4
IAF716 Operations Management 3
IAF720 Emerging Business Technologies 3
LSP700 Applied Research Methodology 3
 
Semester 8 Subject Name Hrs/Wk
IAF815 International Accounting Accreditation Preparation 3
IAF826 Advanced Auditing 4
IAF831 International Strategic Management 3
IAF841 Management Accounting - Advanced 3
LSP800 Applied Research Project 4
LSOXXX Liberal Studies Elective 3

Contact Us

Program Coordinator: Jamie Aldcorn
Telephone: (416) 491-5050 Ext. 6570
Email: jamison.aldcorn@senecac.on.ca
Co-op Coordinator: Denise Olah
Telephone: (416) 491-5050 Ext. 2359
Email: Denise.Olah@senecac.on.ca
Program Student Advisor: Sheilagh Stephenson
Telephone: (416) 491-5050 Ext. 2795
Email: sheilagh.stephenson@senecac.on.ca
Associate Chair: Jeff McCarthy
Telephone: (416) 491-5050 Ext. 6722
Email: jeff.mccarthy@senecac.on.ca
Program Chair: Karen Murkar
Telephone: (416) 491-5050 Ext. 2337
Email: karen.murkar@senecac.on.ca
Admissions Advisor: Angela Li
Telephone: (416) 491-5050 Ext. 2036
Email: angela.li@senecac.on.ca
Registration & Records Contact: Graham Becksted
Telephone: (416) 491-5050 Ext. 2464
Email: graham.becksted@senecac.on.ca

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 College of Applied Arts and Technology