CPA Ontario
(The Institute of Chartered Accountants of Ontario)
69 Bloor Street East, Toronto, ON M4W 1B3
Tel: 416.962.1841 Fax: 416.962.8900 Toll Free: 1.800.387.0735
www.cpaontario.ca
CPA, CA LEGACY PROFESSIONAL PROGRAM
Academic Qualification Requirements
Chartered Professional Accountancy is a dynamic profession. Its education requirements are geared to
meet the increasing demand for the many services that CPAs provide now and in the future.
Entry Routes to Becoming a CPA, CA
The main entry route to becoming a CPA, CA is a bachelor degree. Details on the several possible entry
routes to CPA, CA qualification are provided CPA Ontario’s Regulation 6-4; Student Registration.
Degree Requirement
The core academic qualification requirement consists of a 4-year, 120-academic-credit-hour university
degree in any discipline from any recognized degree-granting institutions, nationally and internationally;
relevant experience gained during co-op work terms may qualify as prescribed practical experience, but
not as academic requirement.
51-Credit-Hour Requirement
Students are required to successfully complete CPA Ontario-prescribed degree-credit courses that cover
all of the topics in The Chartered Professional Accountant Competency Map that are tested on the
Common Final Evaluation (CFE).
This requirement may be fulfilled as part of the required degree or as post-degree diplomas.
CPA Ontario-accredited university programs and streams offer CPA Ontario-prescribed courses that have
been approved as meeting the 51-credit-hour requirement as a whole. Students whose curriculum
departs from the approved courses listed in the accredited programs/streams may have to meet the 51credit-hour requirements of the non-accredited programs/streams.
Most of Ontario degree-granting institutions offer all or most of CPA Ontario-prescribed courses in their
business degree programs and so do many out-of-province degree-granting institutions. International
degree-granting institutions also offer courses that may be recognized toward the 51-credit-hour
requirement.
Bridging to the CFE
Students who meet the registration requirements of Regulation 6-4; Student Registration and the 51credit-hour requirements are eligible to enrol in Path B (CPA, CA) of CPA Path Decision Tree.
Students who meet the registration requirements of Regulation 6-1; Student Registration and the 51credit-hour requirements are eligible to enrol in Path C (CPA) of the CPA Path Decision Tree.
May 27, 2014
Page 1
CPA Ontario
(The Institute of Chartered Accountants of Ontario)
69 Bloor Street East, Toronto, ON M4W 1B3
Tel: 416.962.1841 Fax: 416.962.8900 Toll Free: 1.800.387.0735
www.cpaontario.ca
The specific areas of coverage are:
COMPETENCY AREA
Financial Accounting (Introductory, Intermediate, and Advanced)
Cost and Management Accounting
Advanced Accounting Elective (Financial, Managerial or Capstone)
Auditing (Introductory, Advanced and EDP)
Canadian Taxation (Personal and Corporate)
Management/Business Information Systems
Finance
Economics (Micro and Macro)
Canadian Business Law
Total
CREDIT-HOURS
REQUIRED
15
6
3
9
6
3
3
3
3
51
Computer Requirement
Regulation 6-4; Student Registration s. 2.4 requires that a student have access to a computer that meets
the minimum configuration requirements as set out by CPA Ontario from time to time. The current
computer requirements are as follows:
•
•
•
•
Computer capable of running Folioviews 4.5 software to access the CICA Handbook and related
infobases;
Access to the Internet;
Acrobat Reader 5.0 (minimum); and
A valid e-mail address.
May 27, 2014
Page 2
McMaster University
DeGroote School of Business
CPA Ontario’s
CA Legacy Qualification Program
Degree Program:
MBA
Academic Credit-Hour Equivalence
Students enrolling or currently enrolled in a program
leading to the qualifying four-year-120-academic-credithour degree and the CA Legacy 51-Credit-Hour
requirement will be provided bridging options to the
new CPA Qualification Program.
Academic Years:
60
2013-15
Total CA Legacy Credits Offered:
51
Description and notes
Detailed eligibility requirements for these options are
available on the CPA Professional Education Program
(PEP) under the CPA Path Decision Tree link.
Includes MBA Co-op degree program.
COM 4AH3/BUS&COM 501 is only creditable to students
who complete all of the undergraduate courses listed
below.
Co-op or internship credits do not count toward the
required 120 academic credit-hours.
Accredited Stream - The Accredited Stream is comprised
of all the courses in the MBA program, some additional
Master level courses and the courses for Professional
Designation (BUS&COM [B&C] series), as listed below.
Students who hold a recognized bachelor degree and
graduate from this MBA program, inclusive of all the
courses listed below with an average GPA of “B–” have
fulfilled CPA Ontario’s University Degree and Credit-Hour
requirements.
Courses offered at other campuses and institutions will
be reviewed by CPA Ontario on a case-by-case basis.
Post-Diploma Degrees are subject to specific recognition
criteria pursuant to Regulation 6-4, among which, the
conferral of a two-year or a three-year diploma.
CA Legacy Credits are granted based on course content,
not on course code.
Subject to change without notice.
Financial Accounting
(15 credit hrs)
Introductory Financial Accounting
BUSA 600
3
Intermediate – Assets + Revenues
BUSA 701
3
Intermediate – Liabilities + Equity
BUSA 702
3
Advanced – InterCo Investment +Forex +NFP
BUSA 703
3
Advanced – Accounting Theory
BUSA 717
3
Cost/Managerial Accounting
1
BUSA 610
3
Intermediate – Cost/Managerial Accounting
BUSA 721
3
1
(6 credit hrs)
Capstone
COM 4AG3
/ B&C 500
3
Financial Statement Analysis
COM 4AJ3
/ B&C 503
or BUSA 750
3
Only 3 credit hours are available to students who do not graduate from this
stream with all the courses listed above.
June 9, 2014
Auditing
Advanced Auditing
2
Business/Management Information Systems
Taxation
(6 credit hrs)
Introductory – Cost/Managerial Accounting
Advanced Accounting Elective
Assurance + IT (6 + 3)
3
COM 4AH3
2
/ B&C 501
3
BUSA 723
3
(6 credit hrs)
BUSA 730
3
Taxation – Corporate
BUSA 733
3
Corporate Finance & Financial Management
Non- Core
2
BUSA 745
Taxation – Personal
Finance
1
(9 credit hrs)
(3 credit hrs)
BUSF 600
3
(6 credit hrs)
Micro and Macro Economics
BUSE 600
3
Canadian Business Law
BUSP 722
3
COM 4AH3/BUS&COM 501 is not creditable to students who do not graduate
from this stream with all the courses listed above.
CPA Ontario
Page 1
University of Waterloo
School of Accounting and Finance
CPA Ontario’s
CA Legacy Qualification Program
Degree Program:
MAcc
Academic Credit-Hour Equivalence
Students enrolling or currently enrolled in a program
leading to the qualifying four-year-120-academic-credithour degree and the CA Legacy 51-Credit-Hour
requirement will be provided bridging options to the
new CPA Qualification Program.
Academic Years:
120
2013-15
Total CA Legacy Credits Offered:
39 + 12
Description and notes
Detailed eligibility requirements for these options are
available on the CPA Professional Education Program
(PEP) under the CPA Path Decision Tree link.
Accredited Stream – The Master of Accounting (MAcc) is
the only Accredited Program that offers CPA Ontario’s
Professional CA Legacy Program; it is comprised of the
BAFM courses (or equivalent), the MAcc courses for the
CPA, CA designation, and other courses.
Co-op or internship credits do not count toward the
required 120 academic credit-hours.
Students who graduate from the MAcc degree program
have fulfilled CPA Ontario’s University Degree and
Credit-Hour requirements, the Core Knowledge
Examination and the School of Accountancy; they are
eligible to write the Uniform Evaluation (UFE) or the
Common Final Evaluation (CFE) immediately following
graduation.
Courses offered at other campuses and institutions will
be reviewed by CPA Ontario on a case-by-case basis.
Post-Diploma Degrees are subject to specific recognition
criteria pursuant to Regulation 6-4, among which, the
conferral of a two-year or a three-year diploma.
CA Legacy Credits are granted based on course content,
not on course code.
Subject to change without notice.
Financial Accounting
Introductory Financial Accounting
(15 credit hrs)
(12 credit hrs)
Auditing
AFM 451
3
Intermediate – Assets + Revenues
AFM 291
3
Advanced Auditing
ACC 650
3
Intermediate – Liabilities + Equity
AFM 391
3
EDP Auditing
ACC 621
3
Advanced – InterCo Investment +Forex +NFP
AFM 491
3
Business/Management Information Systems
3
Advanced – Accounting Theory
AFM 401
3
AFM 341
or CS 330
Advanced – Issues in External Reporting
ACC 611
3
Cost/Managerial Accounting
Taxation
(6 credit hrs)
AFM 362
+ AFM 363
3
AFM 461
3
AFM 102
3
Taxation – Corporate
Intermediate – Cost/Managerial Accounting
AFM 481
3
Finance
Capstone – Issues in Accounting Practice
Corporate Finance & Financial Management 2
(3 credit hrs)
ACC 610
3
(3 credit hrs)
AFM 273
+ AFM 274
Non- Core
AFM 101, while a mandatory course in the many programs offered by University
of Waterloo, does not receive CPA Ontario credit hours.
Micro and Macro Economics
Canadian Business Law
2
May 27, 2014
(6 credit hrs)
Taxation – Personal
Introductory – Cost/Managerial Accounting
Advanced Accounting Elective
1
Assurance + IT (9 + 3)
1
3
(6 credit hrs)
ECON 101
+ ECON 102
3
AFM 231
or COMM 231
3
BMath CPA, CA students complete AFM 272 and AFM 372.
CPA Ontario
Page 1
University of Toronto
Erindale Campus
Institute for Management & Innovation
CPA Ontario’s
CA Legacy Qualification Program
Degree Program:
MMPA
Academic Credit-Hour Equivalence
Students enrolling or currently enrolled in a program
leading to the qualifying four-year-120-academic-credithour degree and the CA Legacy 51-Credit-Hour
requirement will be provided bridging options to the
new CPA Qualification Program.
Academic Years:
103.5
2013-15
Total CA Legacy Credits Offered:
51
Description and notes
Detailed eligibility requirements for these options are
available on the CPA Professional Education Program
(PEP) under the CPA Path Decision Tree link.
The MMPA degree program is a Co-op degree program.
Accredited Program - Students who graduate from this
degree program with the courses listed below and an
average GPA of "B" in the entire program have fulfilled
the CPA Ontario’s Credit-Hour requirement.
Co-op or internship credits do not count toward the
required 120 academic credit-hours.
Courses offered at other campuses and institutions will
be reviewed by CPA Ontario on a case-by-case basis.
Post-Diploma Degrees are subject to specific recognition
criteria pursuant to Regulation 6-4, among which, the
conferral of a two-year or a three-year diploma.
CA Legacy Credits are granted based on course content,
not on course code.
Subject to change without notice.
Financial Accounting
(15 credit hrs)
Assurance + IT (9 + 3)
(12 credit hrs)
Introductory Financial Accounting
MGT 1221
6
Auditing
MGT 1323
3
Intermediate – Assets + Revenues
MGT 2250
3
Advanced Auditing
MGT 2225
3
Intermediate – Liabilities + Equity
MGT 2251
3
EDP Auditing
MGT 2224
3
Advanced – InterCo Investment +Forex +NFP
MGT 2205
3
Business/Management Information Systems
MGT1272
3
Advanced – Accounting Theory
MGT 2280
Cost/Managerial Accounting
Taxation
(6 credit hrs)
Taxation – Personal
MGT 2206
3
MGT 2207
3
Introductory – Cost/Managerial Accounting
MGT 1222
3
Taxation – Corporate
Intermediate – Cost/Managerial Accounting
MGT 2260
3
Finance
Advanced Accounting Elective
Management Accounting & Control Systems
(3 credit hrs)
MGT 2261
3
(6 credit hrs)
Corporate Finance & Financial Management
Non- Core
Micro and Macro Economics
Canadian Business Law
(3 credit hrs)
MGT 1330
3
(6 credit hrs)
MGT 1210
+ MGT 1211
3
MGT 2014
3
A number of Reading and Research courses are eligible for credits in certain areas.
May 27, 2014
CPA Ontario
Page 1
York University
Schulich School of Business
CPA Ontario’s
CA Legacy Qualification Program
Degree Program:
MBA – CPA, CA Stream
Academic Credit-Hour Equivalence
Students enrolling or currently enrolled in a program
leading to the qualifying four-year-120-academic-credithour degree and the CA Legacy 51-Credit-Hour
requirement will be provided bridging options to the
new CPA Qualification Program.
Academic Years:
60
2013-15
Total CA Legacy Credits Offered:
51
Description and notes
Detailed eligibility requirements for these options are
available on the CPA Professional Education Program
(PEP) under the CPA Path Decision Tree link.
Accredited Stream - The Accredited Stream is comprised
of all the graduate courses listed below. Students who
graduate from this MBA – CPA, CA Stream degree
program with an average GPA of “B–” in these courses
have fulfilled the CPA Ontario’s Credit-Hour
requirements.
Co-op or internship credits do not count toward the
required 120 academic credit-hours.
Courses offered at other campuses and institutions will
be reviewed by CPA Ontario on a case-by-case basis.
Post-Diploma Degrees are subject to specific recognition
criteria pursuant to Regulation 6-4, among which, the
conferral of a two-year or a three-year diploma.
CA Legacy Credits are granted based on course content,
not on course code.
Subject to change without notice.
Financial Accounting
(15 credit hrs)
Introductory Financial Accounting
ACTG 5100
or INTL 5100
3
Intermediate – Assets + Revenues
ACTG 6120
3
Intermediate – Liabilities + Equity
ACTG 6140
3
Advanced – InterCo Investment +Forex +NFP
ACTG 6160
3
Advanced – Accounting Theory
ACTG 6200
3
Cost/Managerial Accounting
Introductory – Cost/Managerial Accounting
ACTG 5210
+ ACTG 6350
3
Intermediate – Cost/Managerial Accounting
ACTG 6400
3
Advanced Accounting Elective (one of)
1
(6 credit hrs)
1
(3 credit hrs)
Assurance + IT (9 + 3)
(12 credit hrs)
Auditing
ACTG 6600
3
Advanced Auditing
ACTG 6610
3
EDP Auditing
ACTG 6620
3
OMIS 5110
+ OMIS 5210
3
Business/Management Information Systems
Taxation
(6 credit hrs)
Taxation – Personal
ACTG 6710
3
Taxation – Corporate
ACTG 6720
3
Finance
Corporate Finance & Financial Management
Non- Core
(3 credit hrs)
FINE 5200
3
(6 credit hrs)
Capstone
ACTG 6951
3
Micro and Macro Economics
ECON 5100
3
Management Accounting & Control Systems
ACTG 6450
3
Canadian Business Law
MGMT 6200
3
Financial Statement Analysis
ACTG 6250
3
The following courses also qualify as Advanced Accounting Electives: ACTG
6150, and ACTG 6800
June 9, 2014
CPA Ontario
Page 1
York University
Schulich School of Business
CPA Ontario’s
CA Legacy Qualification Program
Degree Program:
MAcc – CPA, CA Stream
Academic Credit-Hour Equivalence
Students enrolling or currently enrolled in a program
leading to the qualifying four-year-120-academic-credithour degree and the CA Legacy 51-Credit-Hour
requirement will be provided bridging options to the
new CPA Qualification Program.
Academic Years:
60
2013-15
Total CA Legacy Credits Offered:
51
Description and notes
Detailed eligibility requirements for these options are
available on the CPA Professional Education Program
(PEP) under the CPA Path Decision Tree link.
Accredited Stream - The Accredited Stream is comprised
of all the graduate courses listed below. Students who
graduate from this MAcc – CPA, CA Stream degree
program with an average GPA of “B–” in these courses
have fulfilled the CPA Ontario’s Credit-Hour
requirement.
Co-op or internship credits do not count toward the
required 120 academic credit-hours.
Courses offered at other campuses and institutions will
be reviewed by CPA Ontario on a case-by-case basis.
Post-Diploma Degrees are subject to specific recognition
criteria pursuant to Regulation 6-4, among which, the
conferral of a two-year or a three-year diploma.
CA Legacy Credits are granted based on course content,
not on course code.
Subject to change without notice.
Financial Accounting
(15 credit hrs)
Assurance + IT (9 + 3)
(12 credit hrs)
Introductory Financial Accounting
MACC 5101
3
Auditing
ACTG 6600
3
Intermediate – Assets + Revenues
ACTG 6120
3
Advanced Auditing
ACTG 6610
3
Intermediate – Liabilities + Equity
ACTG 6140
3
EDP Auditing
ACTG 6620
3
Advanced – InterCo Investment +Forex +NFP
ACTG 6160
3
Business/Management Information Systems
MACC 5201
+ MACC 6201
3
Advanced – Complex Financial Reporting Issues
ACTG 6150
3
Taxation
Cost/Managerial Accounting
(6 credit hrs)
Taxation – Personal
ACTG 6710
3
ACTG 6720
3
Introductory – Cost/Managerial Accounting
MACC 5211
3
Taxation – Corporate
Intermediate – Cost/Managerial Accounting
ACTG 6450
3
Finance
Advanced Accounting Elective (one of)
Capstone
June 9, 2014
(3 credit hrs)
MACC 6301
3
(6 credit hrs)
Corporate Finance & Financial Management
Non- Core
(3 credit hrs)
FINE 5200
3
(6 credit hrs)
Micro and Macro Economics
ECON 5100
3
Canadian Business Law
MGMT 6200
3
CPA Ontario
Page 1