Accounting: The Fundamentals

In this course, you’ll learn the basics of financial accounting as they can be applied in nearly every business. The course will walk you through basic financial statements before moving to more concepts such as the accounting cycle, debit, and credit. Finally, you’ll learn how to report financial transactions and how to apply the theory of what you’ve learned. 

Accounting: The Fundamentals is a recommended prerequisite for both Financial Management and Logistics Decision Modelling.

Please note, this course is estimated to require 19-22 hours of work per week.

Click here to sign up for Accounting: The Fundamentals now

Accounting: The Fundamentals topics include: 

  • Basics of a financial statement
  • Debit and credit
  • Accounting cycles
  • Measuring and reporting finances
  • Application of accounting theory

Course grads will be able to:

  • Understand the purpose, nature and basic functions of accounting
  • Measure and record financial transactions
  • Prepare and analyze financial statements using accepted international standards
  • Develop an appreciation for internal control systems

Accounting: The Fundamentals Course Fee:

The fee for Accounting: The Fundamentals is $850 plus applicable tax.

This fee does not include the cost of textbooks. Textbooks are purchased separately from the University of Toronto Bookstore (or you can source your textbook locally/online). International students pay an additional fee of $125 plus 5% GST per course. There are no refunds issued for courses taken directly through CITT once your registration and payment has been received and processed.

Accounting: The Fundamentals Course Materials:

Kimmel, Weygandt, Kieso, Trenholm & Irvine
Financial Accounting Tools for Business Decision‐Making; 8th Canadian Edition, Loose-Leaf text + WileyPlus Next Gen Standalone Card. Publisher: John Wiley & Sons Canada Ltd.

Available through the University of Toronto bookstore 


Accounting: The Fundamentals Course Work and Final Exam:

Course work for Accounting: The Fundamentals includes a series of assignments which are due throughout the semester.

Your Accounting: The Fundamentals exam will be held at an exam centre local to you—the University of Toronto coordinates exam centres across Canada, and internationally when necessary. Exam dates cannot be changed. Visit the Key Dates page to see exam dates for upcoming semesters as they are scheduled.

Learning Assessment and Grades

Grades are reported as Honours, Pass, or Fail. To obtain a Pass, learners must obtain a minimum grade of 50%. To achieve Honours, learners must earn a total grade of 80% or higher.

Questions about Accounting: The Fundamentals or the CCLP program of study and professional designation?

Click here to download the PDF guide to CITT courses and the CCLP designationDownload your free copy of our PDF guide for a complete overview of CITT courses and the CCLP designation.

You can also visit our FAQ section for answers to the most commonly asked questions that have helped thousands of supply chain and logistics professionals decide to enrol and start deepening and demonstrating their logistics and supply chain expertise with CITT and the CCLP program of study and professional designation.

Or simply contact the CITT team—we'd be happy to help you out by answering your questions or processing your course registration for you. We're available 9am to 5pm EST, Monday to Friday. Give us a call at 416-363-5696 ext. 0 or email us at

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