SHORTEN YOUR PATH TO EARNING THE COVETED “CPA” DESIGNATION
Exceptional CPA accredited preparation for your CFE
Direct in-class instruction with CPA designated instructors
Pre-CFE study shortened by 8 months
To practice as a professional accountant, you’ll need the coveted Chartered Professional Accountant (CPA) designation. A CPA designation provides you with the toolkit of skills and knowledge that are in high demand by top organizations. Being a CPA is about having the designation that gives you the opportunity to build the career you want. It’s your ticket to a world of opportunities in accounting and finance. CPAs are in demand thanks to their financial expertise, strategic thinking, business insight and management skills. Achieving the CPA designation is quite a challenge! You’ll need to earn a relevant degree, have work experience, complete the CPA Professional Education Program (PEP), and then pass the Common Final Examination (CFE).
A PROGRAM SPECIFICALLY DESIGNED FOR YOU
The Telfer Graduate Diploma in Chartered Professional Accountancy (“Telfer CPA”) has been especially designed for our Telfer BCom Accounting grads* to help speed up their PEP progress, and help them pass the Common Final Examination (CFE). The Telfer CPA is an in-class full-time graduate-level one-term Fall program, accredited by CPA Ontario that is taught by CPA-designated instructors. It covers all of the PEP courses up to Capstone 1, giving you Advanced Standing in the PEP program.
* Exceptional candidates from other universities might also be considered.
THE TELFER CPA – HOW IT COMPARES TO THE CPA’S PEP
THE TELFER CPA – FEATURES AND BENEFITS
- CPA accredited - gets you Advanced Standing up to Capstone 1 & 2 courses in PEP
- Just 1 pre-Capstone study semester instead of 3 – requires just 4 months of study, not 12
- In-Class model with a small cohort – gets you direct contact with instructors
- Instructors have CPA’s, are PEP-familiar, and use CFEstyle cases – maximizes CFE readiness
The program offers you five key courses to deepen your knowledge in Financial Reporting, Strategy and Governance, Management Accounting, Audit and Assurance, Finance and Taxation:
Non-routine accounting transactions, including uncommon capital assets, restructurations, hedge accounting, complex financial instruments, complex note disclosure, and public sector financial reporting. Complex transactions involving consolidation, revenue recognition, stock-based compensation, asset impairments, intangible assets, leases and future income taxes. Emerging trends in financial reporting.
Non-routine engagements related to corporate social responsibility, system design, acquisition, and development to meet information needs, assurance engagements other than traditional financial statement audit including review, compilation, and comprehensive audit engagements. Quality control standards, specialized areas, and public sector. Implications of pending changes in assurance standards.
Environmental scanning, strategy formulation, implementation and evaluation, risk management, sustainable profit maximization, strategic cost management, process improvement methodologies, pricing decisions, international transfer pricing, and special considerations for government and not-for-profit entities.
Determination of taxes payable for corporations in non-routine transactions, evaluation of tax consequences or tax planning opportunities for shareholders and their closely held corporations and for complex corporate transactions, including restructuring transactions, the determination of taxes payable for individuals in non-routine transactions, the evaluation of tax planning opportunities for individuals, including estate planning opportunities, determination of tax consequences for non-residents.
Integration of technical competencies in financial accounting, strategy and governance, management accounting, audit and assurance, finance and to a lesser extent, taxation in realistic professional work situations. Methodological approach to analyze cases in accounting. Business valuation. Professional and ethical behaviour, problem solving and decision making, communication, self-management, and teamwork and leadership.
To be admitted into the program, you must:
- Have completed a bachelor’s degree from a Canadian University, with a minimum admission average of 6.0 or B (70%) calculated in accordance with Graduate Studies guidelines;
- Have achieved a minimum grade of C (60%) in each of the 24 undergraduate courses listed below or their equivalent;
- Have achieved a minimum average of B+ (75%) in the 24 undergraduate courses listed below or their equivalent.
- ADM1340 Financial Accounting
- ADM2303 Statistics for Management
- ADM2304 Applications of Statistical Methods in Business
- ADM2341 Managerial Accounting
- ADM2342 Intermediate Accounting I
- ADM2350 Financial Management
- ADM2372 Management Information Systems
- ADM3340 Intermediate Accounting II
- ADM3345 Taxation I
- ADM3346 Cost Accounting
- ADM3349 Auditing Theory
- ADM3350 Corporate Finance
- ADM3360 Business Law
- ADM4311 Strategic Management
- ADM4340 Case Studies in Accounting
- ADM4341 Advanced Auditing
- ADM4342 Seminar in Accounting Theory
- ADM4344 Taxation II
- ADM4345 Management Control Systems
- ADM4346 Accounting Information Systems Auditing
- ADM4348 Special Topics in Financial Accounting
- ADM4349 Advanced Accounting
- ECO1102 Introduction to Macroeconomics
- ECO1104 Introduction to Microeconomics
How to Prepare for the Graduate Diploma
To maximise your student experience and that of your peers, we expect you to review the competencies already developed at the undergraduate level, before beginning the graduate program. This is in line with the Self-Management enabling competency included in the Canadian Chartered Professional Accountant Competency Map.
Your self-revision program should take approximately 200 hours and should cover the following courses:
- Financial Accounting: ADM2342/3340/4348/4349;
- Management Accounting: ADM2341/3346/4345;
- Auditing: ADM3349/4341/4346;
- Taxation: ADM3345/4344;
- Finance: ADM2350/3350.
This self-study program will ensure all students are at a similar level when case studies are undertaken in the diploma courses.
In order to complete your review, the CPA Competency Map Study Notes published by Densmore Consulting Services Inc. might be useful. They can be ordered from http://dcscpa.com/ CPA-Resources/CPA-Competency-Map-Study-Notes.
The program tuition fees are approximately $9,500. This amount does not include incidental fees and the cost of books, case materials and any other instructional supplies.
Admission scholarships of $1,000 will be given based on undergraduate academic performance.
Submit your Application
Please submit your application by June 1st through the Ontario Universities’ Application Centre (OUAC). Telfer students don’t need to provide any transcript or letters of recommendation.
Late applications may be considered. Please contact the Graduate Office at 613-562-5884.