Program Details
The Finance – Business program provides students with the skills and training required to work in a variety of areas within financial services including, personal banking, financial planning, firms dealing with pension plans, scholarships, educational savings plans, and investments funds. In addition to a foundation in business, learning is focused on a range of areas including, personal financial management, taxation, retirement planning, investments and estate planning. Graduates of this program possess skills in financial analysis, planning and control.
There are also opportunities for graduates to pursue further education including DC’s Finance – Business Administration advanced diploma.
Students learn how to:
- Efficiently use Naviplan, an industry financial planning software tool used by advisors to forecast financial scenarios, such as retirement, for different situations or clients.
- Keep a simple set of books for small businesses using accounting concepts and practices
- Understand the needs of clients in order to create relevant financial goals that are specific, measurable, actionable, realistic and time-sensitive
- Examine other countries, businesses and individuals to observe how they tackle the problem of scarce resources to satisfy needs and wants
- Efficiently use industry-standard money management software to perform transactions, keep track of sales and expenses and create financial reports.
Successful graduates will be able to:
- Process and maintain financial records in compliance with relevant policies, procedures and regulations for individuals and/or organizations.
- Prepare and present financial information in compliance with relevant legislation and regulations for individuals and/or organizations.
- Generate financial reports and contribute to the development of a financial plan.
- Contribute to the development and the implementation of marketing strategies to promote financial products and services and to enhance customer service.
- Analyze within a Canadian context the impact of economic variables, legislation, ethics, technology and the environment on individuals’ and/or organizations’ operations.
Students may also be prepared to seek related licences in finance. Specifically, this program may prepare students to complete the following exams and certifications:
- Canadian Investment Funds (IFSE) mutual funds licencing exam.
- Canadian Securities Course exams.
- Students will also receive some preparation to write the Life Licence Qualification Program (LLQP) exam certificate required for selling life insurance products.
- QAFP designation offered by FP Canada
- Financial Planning Exam 1 – a required step toward obtaining a Certified Financial Planner (CFP) designation.
Note: The requirements for each designation/certification listed above are set by the granting body, not Durham College. In order to qualify for any of these designations/certifications, students need to follow and meet the required processes.
Program Learning Outcomes
- Process and maintain financial records in compliance with relevant policies, procedures and regulations for individuals and/or organizations.
- Prepare and present financial information in compliance with relevant legislation and regulations for individuals and/or organizations.
- Generate financial reports for individuals and/or organizations by applying financial mathematics and statistics.
- Contribute to the development and the implementation of a financial plan to meet individuals’ and/or organizations’ needs and objectives.
- Contribute to the development and the implementation of marketing strategies to promote financial products and services and to enhance customer service.
- Develop and implement strategies to establish and maintain professional networking and business relationships in the finance sector.
- Analyse, within a Canadian context, the impact of economic variables, legislation, ethics, technology and the environment on individuals’ and/or organizations’ operations.
- Develop and implement ongoing strategies for personal and professional development, highlighting ethics, values and standards in the finance sector.
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