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 DeGroot 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: 45 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. Non Accredited Stream Students who do not complete all the courses required by the Accredited Stream are required to complete an Advanced Auditing and an EDP Auditing course to meet the CA Legacy 51-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. COM 4AH3/BUS&COM 501 is only creditable to students who complete all the courses listed in the Accredited Stream chart. 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) Introductory Financial Accounting BUSA 600 3 Auditing Intermediate – Assets + Revenues BUSA 701 3 Advanced Auditing Intermediate – Liabilities + Equity BUSA 702 3 EDP Auditing Advanced – InterCo Investment +Forex +NFP BUSA 703 3 Business/Management Information Systems Advanced – Accounting Theory BUSA 717 3 Taxation Cost/Managerial Accounting (6 credit hrs) 3 BUSA 721 3 Finance Financial Statement Analysis COM 4AJ3 / B&C 503 or BUSA 750 3 May 27, 2014 Corporate Finance & Financial Management Non- Core 1 (6 credit hrs) BUSA 733 Intermediate – Cost/Managerial Accounting 3 3 3 Taxation – Corporate COM 4AG3 / B&C 500 BUSA 723 BUSA 730 3 Capstone 3 Taxation – Personal BUSA 610 (3 credit hrs) BUSA 745 1 Introductory – Cost/Managerial Accounting Advanced Accounting Elective (one of) (12 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 Queen’s University 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: 13.5 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 courses listed below have yet to be reviewed to determine if they meet requirements. Detailed course outlines with weekly agenda of activities/learning must be submitted for review. Co-op or internship credits do not count toward the required 120 academic credit-hours. Other MBA courses may be eligible for credits toward CPA Ontario’s Credit-Hour requirement. 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) MBAS 811 3 Assurance + IT (9 + 3) Auditing Intermediate – Assets + Revenues Advanced Auditing Intermediate – Liabilities + Equity EDP Auditing Advanced – InterCo Investment +Forex +NFP Business/Management Information Systems Advanced – Accounting Theory Taxation Cost/Managerial Accounting Introductory – Cost/Managerial Accounting (6 credit hrs) MBAS 812 3 Advanced Accounting Elective (3 credit hrs) MBAS 840 1.5 (6 credit hrs) Taxation – Personal Taxation – Corporate Finance Intermediate – Cost/Managerial Accounting (12 credit hrs) Corporate Finance & Financial Management Non- Core Micro and Macro Economics (3 credit hrs) MBAS 821 3 (6 credit hrs) MBAS 801 3 Canadian Business Law May 27, 2014 CPA Ontario Page 1 University of Ottawa Telfer School of Management 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: 54 2013-15 Total CA Legacy Credits Offered: 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 courses listed below have yet to be reviewed to determine if they meet requirements. Detailed course outlines with weekly agenda of activities/learning must be submitted for review. Co-op or internship credits do not count toward the required 120 academic credit-hours. Other MBA courses may be eligible for credits toward CPA Ontario’s Credit-Hour requirement. 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) MBA 5340 Assurance + IT (9 + 3) Auditing Intermediate – Assets + Revenues Advanced Auditing Intermediate – Liabilities + Equity EDP Auditing Advanced – InterCo Investment +Forex +NFP Business/Management Information Systems Advanced – Accounting Theory Taxation Cost/Managerial Accounting Introductory – Cost/Managerial Accounting (6 credit hrs) MBA 5241 MBA 5270 (6 credit hrs) Taxation – Personal Taxation – Corporate Finance Intermediate – Cost/Managerial Accounting Advanced Accounting Elective (12 credit hrs) (3 credit hrs) Corporate Finance & Financial Management Non- Core Micro and Macro Economics (3 credit hrs) MBA 5350 (6 credit hrs) MBA 5355 Canadian Business Law May 27, 2014 CPA Ontario Page 1 University of Toronto St George Campus Rotman School of Management 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: 2013-15 Total CA Legacy Credits Offered: 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 courses listed below have yet to be reviewed to determine if they meet requirements. Detailed course outlines with weekly agenda of activities/learning must be submitted for review. Co-op or internship credits do not count toward the required 120 academic credit-hours. Other MBA courses may be eligible for credits toward CPA Ontario’s Credit-Hour requirement. 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) RSM 1320 Assurance + IT (9 + 3) Auditing Intermediate – Assets + Revenues Advanced Auditing Intermediate – Liabilities + Equity EDP Auditing Advanced – InterCo Investment +Forex +NFP Business/Management Information Systems Advanced – Selected Topics Cost/Managerial Accounting Introductory – Cost/Managerial Accounting Taxation RSM 2203 (6 credit hrs) RSM 1222 Taxation – Personal Finance (3 credit hrs) Corporate Finance & Financial Management Non- Core Micro and Macro Economics Canadian Business Law June 9, 2014 (6 credit hrs) Taxation – Corporate Intermediate – Cost/Managerial Accounting Advanced Accounting Elective (12 credit hrs) CPA Ontario (3 credit hrs) RSM 1331 + RSM 1232 (6 credit hrs) RSM 1210 + RSM 1310 RSM 2211 Page 1 Western University The Richard Ivey 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: 16.5 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 courses listed below have yet to be reviewed to determine if they meet requirements. Detailed course outlines with weekly agenda of activities/learning must be submitted for review. Co-op or internship credits do not count toward the required 120 academic credit-hours. Other MBA courses may be eligible for credits toward CPA Ontario’s Credit-Hour requirement. Courses offered at other campuses and institutions will be reviewed by CPA Ontario on a case-by-case basis. 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 BUS 9202 3 Intermediate – Assets + Revenues BUS 9401 3 Advanced Auditing Taxation Advanced – Accounting Theory (6 credit hrs) BUS 9202 3 Intermediate – Cost/Managerial Accounting Advanced Accounting Elective Auditing Business/Management Information Systems Advanced – InterCo Investment +Forex +NFP Introductory – Cost/Managerial Accounting (12 credit hrs) EDP Auditing Intermediate – Liabilities + Equity Cost/Managerial Accounting Assurance + IT (9 + 3) (3 credit hrs) BUS 9207 3 (6 credit hrs) Taxation – Personal Taxation – Corporate Finance Corporate Finance & Financial Management Non- Core Micro and Macro Economics (3 credit hrs) BUS 9203 3 (6 credit hrs) BUS 9208 1.5 Canadian Business Law May 27, 2014 CPA Ontario Page 1 Wilfrid Laurier University School of Business and Economics 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: 27 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 courses listed below have yet to be reviewed to determine if they meet requirements. Detailed course outlines with weekly agenda of activities/learning must be submitted for review. Co-op or internship credits do not count toward the required 120 academic credit-hours. Other MBA courses may be eligible for credits toward CPA Ontario’s Credit-Hour requirement. Courses offered at other campuses and institutions will be reviewed by CPA Ontario on a case-by-case basis. 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) Introductory Financial Accounting Auditing Intermediate – Assets + Revenues BU 617 3 Advanced Auditing Intermediate – Liabilities + Equity BU 627 3 EDP Auditing 2 Advanced – InterCo Investment +Forex +NFP Business/Management Information Systems Advanced – Accounting Theory Taxation Cost/Managerial Accounting Introductory – Cost/Managerial Accounting Taxation – Personal (6 credit hrs) BU 607 3 Corporate Finance & Financial Management (3 credit hrs) BU 657 3 (6 credit hrs) BU 647 Finance Advanced Accounting Elective 3 (3 credit hrs) BU 603 Non- Core 3 2 July 29, 2014 BU 625 Taxation – Corporate Intermediate – Cost/Managerial Accounting Financial Statement Analysis (12 credit hrs) 3 (6 credit hrs) Micro and Macro Economics BU 606 3 Canadian Business Law BU 651 3 MBA students will not receive CPA Ontario credits if they complete BU 486; they must complete BU 456 or equivalent course. CPA Ontario Page 1